Are you considering purchasing a commercial or industrial property that may have environmental contamination? It is critical to consult with a qualified team that can provide you with a full evaluation of risks that typically accompany the purchase and redevelopment or reuse of the contaminated property. Learning the difference between [...]
Environmental due diligence, it’s not just a game of alphabet soup. From ESA, TSA, ASTM, AAI, REC, CERCLA, RCRA, UST, VAP, BFPP, COC, BUSTR, SBA to VI, the acronyms are plentiful. Should you conduct an ASTM/AAI Phase I, or a TSA, or maybe go through the VAP? Do you have [...]
It is important to understand how due diligence can vary from project to project and how it can be used to manage the risks associated with real estate transactions. Environmental due diligence is accomplished by various real estate transactions, each with a different and specific purpose in mind. Understanding what [...]
It is important to understand how due diligence can vary from project to project and how it can be used to manage the risks associated with real estate transactions. Environmental due diligence is accomplished by various real estate transactions, each with a different and specific purpose in mind. Understanding what [...]
The time has come for Ohio to join the list of states that have incorporated the federal Bona Fide Prospective Purchaser (BFPP) defense to CERCLA liability. In 1980, Congress enacted the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), commonly known as Superfund. This law provided broad federal authority to [...]
Are you considering purchasing a commercial or industrial property that may have environmental contamination? Are you aware of the term bona fide prospective purchaser (“BFPP”) and how it can protect you from liability? In 2001, Congress passed the Small Business Liability Relief and Brownfields Revitalization Act (the “Brownfields Amendments”). The [...]
Are you considering purchasing a commercial or industrial property that may have environmental contamination? Are you aware of the term bona fide prospective purchaser (“BFPP”) and how it can protect you from liability? In 2001, Congress passed the Small Business Liability Relief and Brownfields Revitalization Act (the “Brownfields Amendments”). The [...]
The word “closure” has many meanings in the English language, including the more general - “a condition of being closed”, and the more ethereal - “an often comforting or satisfying sense of finality, or something that provides such a sense” (Merriam-Webster). In the environmental world, closure can have a similar [...]
