Property Condition Assessment Reports (PCAs) provide a return on investment (ROI) that many equity investors might overlook. PCAs yield ROI in three ways: protect buyers from bad purchases; provide buyers with information for price negotiations with sellers; and find opportunities to improve building value post-purchase. As noted in the article; “Not all PCAs are the same. The property conditi... Read More »
Partner Engineering and Science, Inc. is pleased to launch our spring webinar series. This series offers new and updated webinars that discuss commercial real estate trends, standards updates and changes as they affect the commercial real estate industry. Registration for all webinars is at no cost to industry professionals. Webinar Topics Include: The Essentials of Seismic Risk Assessments Why ... Read More »
It’s been a full month since this year’s MBA CREF conference and time to look back at the conference happenings. During the 2013 MBA CREF conference that took place from February 2 through February 6, the California Mortgage Bankers Association (CMBA) presented their State of the State breakfast. This year, Mary K. Ludgin, Ph.D., Managing Director, and Director of Global Investment R... Read More »
A comprehensive overview of Phase I ESAs, their use and purpose, and the various types of Phase 1s required by different entities. Read More »
Phase I ESA QA/QC - how/when do things slip through the cracks? Read More »
ASTM E2600-10 Standard for Vapor Encroachment and its implications for the Phase I ESA process. Read More »
You’ve been told you need to have a Phase I Environmental Site Assessment (ESA) and now may be looking for answers to the questions: Why you need one Where you get them How much they cost How long do they take Will it meet the Small Business Administration (SBA) environmental requirements . When ordering a Phase I Environmental Site Assessment (ESA) you want to make sure that: It is AAI (All A... Read More »
If you are buying a commercial property, you need to do environmental due diligence. The gold standard for due diligence is the Phase I Environmental Site Assessment. The Phase I ESA is basically a research project into the properties current and past use and how these uses could potentially affect the environment. As a buyer, you want to make sure that you don’t get stuck cleaning up ... Read More »
Seismic Damageability Reports and Probable Maximum Loss Reports are terms that are used interchangeably in the engineering due diligence field. In both instances, engineers are engaged to quantify the amount of seismic risk associated with a building. Most engineers prepare reports according to ASTM E 2026-2007 guidelines. While Probable Maximum Loss (PML) is by far the more commonly used ter... Read More »
Property Condition Report What is included in a Property Condition Report (PCR)? The short answer is that the Property Condition Report evaluates all improvements. Most Property Condition Reports done for lenders are done within the scope and limitation of the ASTM Standard E2018. My firm, Partner Engineering and Science, typically defines the scope as follows: Conduct a thorough walk-thr... Read More »
