Deciphering the When’s and Why’s of Phase II Environmental Assessments
Hello again, astute business owners and savvy real estate investors! It’s time to delve a little deeper into the exciting world of Phase II Environmental Assessments. Remember our last chat where we demystified what Phase II Environmental Assessments are? This time, we’re exploring the when’s and why’s of this crucial procedure. So, let’s get started! […]
Recognized Environmental Conditions: Your Essential Guide in the World of Phase I Environmental Site Assessments
Hello there, business owners, commercial and industrial real estate investors! Today, we’re going to dive into a topic that’s critical to understanding the environmental health of your properties: Recognized Environmental Conditions, or as they’re commonly referred to, RECs. Let’s get started! What Are Recognized Environmental Conditions (RECs)? At the most basic level, a Recognized Environmental […]
Phase 1 to Phase 2 Environmental Site Assessment: Problem Discovery in Industrial Properties
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. A Phase 1 […]
Hydrogeological Investigations – An Integral Part of Successful Environmental Projects
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 […]
Pros and Cons of Environmental Transaction Screens
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 […]
How a Remediation Cost Estimate Could Help Close the Deal
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 […]
Dual-Phase Extraction FAQs
Dual-phase extraction (DPE) is one of the most effective remediation methods, extracting pollutants from soil and groundwater on-site (in situ). DPE (also known as multi-phase extraction and bioslurping) system treats and collects removed liquids for disposal or injects them back into the subsurface. There are two general categories of DPE technologies: single and dual-pump DPE systems. […]
What are the Factors that Affect the Effectiveness of Soil Vapor Extractions?
What is a Soil Vapor Extraction System? Soil vapor extraction (SVE) is an in-situ remediation method used for cleaning up soil and removing vapor from below the surface. Vapor extraction occurs with the aim of treatment above the ground. Cleansing of vapor recovered from the subsurface involves recovering or destroying the pollutants. When contaminant chemicals […]
What Are The Misunderstandings Surrounding Phase 1 Environmental Reporting?
A Phase I Environmental Site Assessment (ESA) report investigates a property’s current condition and historical use. Its purpose is the assessment of the potential liability of a new owner due to the presence of hazardous materials. It serves in real estate transactions such as land and building purchases, leases, and bank loans for commercial real […]
What’s the Risk?
What’s the Risk?: Breaking Down Environmental Liability Environmental liability seems to be this abstract concept… until it happens. Here is how it usually happens. You decided to purchase some commercial real estate. You find the perfect property for your business and talk to the bank about getting a loan. You submit all your financial statements […]
