For commercial real estate clients, property transactions can be both exciting and intimidating. Unfortunately, environmental issues are a part of many necessary factors to see a return on investment.
In most cases, assessing the land before purchase for environmental constraints is smart to minimize client costs or relief from liability for the potential landowner.
CRG Texas can ease your worry by conducting an Environmental Site Assessment (ESA), which will meet the needs of many of the environmental due diligence actions required by many lending institutions like transactions for property ownership, equity refinancing and court mandates.
Our commercial real estate consulting services help by: managing environmental risks, limiting prospective purchaser – land owner liabilities, providing cost reduction allowances to address environmental issues, and by mitigating environmental issues through expedited regulatory agency programs (self implementation, voluntary cleanup, and enforcement).
Real Estate Property Transactions Include:
- Due Diligence
- Phase I, II, III Environmental Site Assessments (ESAs)
- Environmental Permitting/SEPA Checklist
- Transaction Screen Environmental Assessment
- Property Condition Assessment
- Multi-media Compliance Audits
Property Assessment and Redevelopment:
- Soil and Groundwater Quality Assessments
- Remedial Design and Cleanup
- Underground Storage Tank (UST) Removal, Closure, and Remediation
- Construction Management
- Health and Safety Plans (HASP)
Hazardous Building Materials Assessment and Remediation:
- Hazardous Materials Building Inspections
- Abatement Design and Specifications
- Abatement Oversight
- Lead and Drinking Water Testing
- Operations and Maintenance (O&M) Plans
Real Estate Consulting Tips
We recommend performing thorough environmental due diligence early on when considering real estate transactions to determine go or no-go decisions, purchase of distressed property, pre-lease baseline documentation environmental risk, lease exit documentation of environmental quality, considerations for cleanup, and facilitating commercial real estate loans or funding.