Phase 1 ESA Checklist: Key Steps and Considerations
Conducting Phase 1 Environmental Site Assessments (ESAs) before purchasing commercial properties is an excellent way to ensure safety, accurate pricing, and compliance with regulatory standards. A Phase 1 ESA can give you insight into whether the property’s soil is contaminated or if environmentally unfriendly operations like illegal dumping occurred there, protecting you from blame.
What You Need to Know About the New ASTM E1527-21 Standard for Phase I Environmental Site Assessments
Are you buying or selling property and worried about environmental risks? Then you need to know about the ASTM E1527-21 Standard. This Standard is a critical component of the Phase I Environmental Site Assessment (ESA) process. It helps identify potential environmental risks on properties, whether they’re commercial, industrial, or residential. It’s essential for property owners, […]
Benefits of Bioremediation for Cleanup Sites
Sometimes it can be challenging to look at the world and face the facts; there are thousands of contaminated sites everywhere you look. This makes environmental cleanup an almost impossible task. With waste disposal, illegal dumping, natural disasters, and other activities causing land contamination, it’s more important than ever to use a cost-effective, eco-friendly cleanup […]
What is a Phase 1 Environmental Site Assessment?
If you are considering purchasing or redeveloping property, you may be surprised to discover that you might need a Phase 1 Environmental Site Assessment, also referred to as a Phase 1 ESA. These assessments can help determine any issues with your property that could lead to liability problems for you, the owner, or your lender. […]
Phase I & II ESA Walkthrough – Industrial Property
In our society, almost every property is liable to environmental risk. Without careful inspection from environmental professionals, many unseen problems can go undetected. A Phase I Environmental Site Assessment helps determine if a property may have been contaminated by current or previous activity. Phase I ESAs help protect the purchaser of the property and limit […]
Phase I & II ESA Walkthrough – Commercial Property
What Is A Phase I / Why Do I Need One? Whether it is your first commercial property or your fourth, you may have heard the term Phase I Environmental Site Assessment being thrown around. A Phase I Environmental Site Assessment helps determine if a property may have been contaminated by current or previous activity. […]
Why You Should Avoid a Cheap Phase 1 Environmental Site Assessment
You need a Phase 1 Environmental Site Assessment – it can be a bit of an overwhelming undertaking. The biggest concern our clients have in the beginning is cost. Typically, Phase 1 ESA’s come as a surprise, therefore many sellers haven’t budgeted for it. As a result, many opt for the “cheaper option” – going […]
How Much Does a Phase 1 Environmental Site Assessment Cost?
Key Takeaways Understanding Phase 1 Environmental Site Assessments When you buy a new property, a Phase 1 Environmental Site Assessment is essential for protecting your investment and ensuring the property is in its best shape. However, you want to ensure that you aren’t breaking the bank and are receiving a quality assessment at a reasonable […]
Phase 1 ESA vs Phase 2 ESA – In Layman’s Terms
As environmental concerns grown, it is becoming more and more common that a commercial real estate transaction will require either a Phase 1 or 2 Environmental Site Assessment. You may be wondering what the differences are between Phase 1 and Phase 2 ESA, and you may have already found that the information around the subject […]
How Much Does a Phase 2 ESA Cost?
If you’ve been required to complete a Phase 2 Environmental Site Assessment (ESA), the first looming question you likely have is, “How much does a Phase 2 ESA cost?” Phase 2 ESAs can cost anywhere from $4,000 to $25,000 – and that doesn’t include the costs to make the property compliant following the results of […]
