Why a Clean Phase I Environmental Site Assessment Can Be Misleading For Those Involved With Post-Closing Construction Activities

A Phase I Environmental Site Assessment is the de facto Environmental Due Diligence standard (ASTM E1527-13) for most commercial property transactions in the United States. The Phase I is used to identify the presence or likely presence of Comprehensive Environmental Response, Compensation and Liability Act (CERCLA) hazardous substances or petroleum [...]

By |2021-02-17T12:16:34-05:00February 11, 2021|News|0 Comments

Five Railyard Portfolio

August Mack was retained by a Michigan-based short line railroad company to perform Phase I Environmental Site Assessments (ESAs) for five different railyards within the state. The purpose of this effort was to review each site’s history and evaluate the current conditions of each property in order to determine if [...]

By |2020-08-11T15:39:37-04:00May 21, 2020|Due Diligence, Projects|0 Comments
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