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- Category: Real Estate Transactions
- Eric Hanis
- Tags: Phase I ESA
Choosing the best Phase 1 Environmental Site Assessment (ESA) consultant is crucial to ensuring the safety and value of your property investment. In this blog post, we will guide you through the process of “due diligence done right: how to choose the best Phase 1 Environmental Assessment consultant,” helping you confidently navigate the complex world […]
- Category: Real Estate Transactions
- Eric Hanis
- Tags: Phase I ESA
Introduction Environmental risks are substances, phenomena, or activities in the natural or built environment threatening human well-being and nature. These hazards can be natural or artificial, ranging from water, groundwater, soil, and air pollution. This article will underscore the significance of environmental due diligence, describing the top 10 most common risks uncovered in Phase 1 Assessments. […]
- Category: Real Estate Transactions
- Eric Hanis
- Tags: Phase II ESA
Greetings, business owners and real estate investors! Today, we’re taking a closer look at when to conduct a Phase II Environmental Site Assessment and why it plays a critical role in addressing potential environmental concerns. Building on our previous discussion where we clarified what a Phase II Environmental Site Assessment entails, we’ll now explore the […]
- Category: Real Estate Transactions
Understanding the environmental risks associated with a property is essential for business owners and commercial or industrial real estate investors. One of the key factors in this process is identifying Recognized Environmental Conditions (RECs)—a crucial component of environmental due diligence. RECs can indicate potential contamination that may impact property value, regulatory compliance, and future liabilities. […]
- Category: Real Estate Transactions
- Eric Hanis
- Tags: Phase I ESA, Phase II ESA
Environmental site assessments are critical processes in evaluating the environmental risks and liabilities associated with a piece of industrial property. They play a crucial role in determining if the property is contaminated and if further evaluation is needed. The assessment process is typically divided into two phases: Phase 1 and Phase 2 Environmental Site Assessments, […]
- Category: Environmental Compliance
As the world becomes increasingly concerned about climate change, businesses are under pressure to address their environmental impact. Many companies have implemented sustainability programs to reduce their carbon footprint and improve their reputation among environmentally-conscious consumers. However, one question that often arises is whether it’s more cost-effective to hire full-time sustainability staff or outsource environmental […]
- Category: Real Estate Transactions
- Eric Hanis
- Tags: Groundwater
What is Hydrogeology? Hydrogeology (geohydrology) is the study of groundwater. Groundwater can get in the soil in many ways, flowing in various directions into the subsurface through aquifers. On its way under the surface, groundwater goes through the ground and rocks, affecting how people get and maintain potable water supplies and how they use the […]
- Category: Environmental Compliance
Environmental consulting is essential for businesses aiming to conduct site assessments, develop sustainability plans, or manage regulatory compliance. However, hiring a full-time environmental consultant can be costly and impractical for many organizations. Fractional environmental management offers a flexible and affordable alternative. What Is Fractional Environmental Management? Fractional environmental management provides businesses with access to experienced […]
- Category: Real Estate Transactions
What is an Environmental Transaction Screen? An environmental transaction screen (ETS) is a limited due diligence method that identifies potential environmental concerns (PECs) for low-risk commercial real estate. Commercial property purchasers often use an ETS as an alternative to Phase I Environmental Assessment (ESA) because of its simplicity, time, and cost-effectiveness. It involves a site […]
- Category: Contamination
- Eric Hanis
- Tags: Remediation
What is Remediation Cost Estimate? Remediation Cost Estimate (RCE) refers to a review of probable remediation costs necessary to achieve regulatory compliance for contaminated real estate. When Phase I Environmental Site Assessment (ESA) identifies the property as a site with potential contamination, remediation experts perform RCEs, giving the opinion of probable costs the purchaser or […]