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 »
Commercial Real Estate Due Diligence Underwriters, analysts, and loan officers who want to deepen their knowledge of Commercial Real Estate Due Diligence are well served to learn a little about each type of third party report that is needed to underwrite a commercial real estate transaction. Five of the most commonly required commercial real estate due diligence reports are Phase I Environme... Read More »
Being that Colorado is an area with a high radon propensity, it is important to know how radon can impact a real estate transaction. Sellers, lenders, and developers need to be aware of the risks of radon and how it can impact their commercial real estate deal. Radon testing can be completed to assess whether a particular building has elevated levels and radon mitigation, if necessary, can o... 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 »
The benefits of green building and energy efficiency are real and increasingly want to be realized by commercial real estate investors and tenants alike. Partner Engineering and Science, Inc.’s green retrofit of their new company headquarters in Los Angeles provided Partner with firsthand experience in realizing those benefits. By undertaking this project, Partner is now able to provide inva... Read More »
Does size matter? I often hear from clients that they aren’t concerned about the potential environmental liability for properties that are particularly small. The problem is, that in the instance of liability on a property that is contaminated, it doesn’t matter whether a property is 0.5 acre by 10 feet or several acres. Contamination clean up cost is based on the amount of contaminati... Read More »
Our Phase I Environmental Site Assessment (ESA) practice most commonly focuses on pre-loan and pre-acquisition due diligence, but pre-lease Phase I ESAs are common enough. In this blog I seek to highlight the value equation for pre-please Phase I ESAs as well as give users the tools to decide what, if any, environmental due diligence should be done before entering into a commercial real esta... Read More »
I noticed in EDR ScoreKeeper’s Q1 2011 and Q2 2011 report that big consulting firms are growing at a larger rate than small firms. Apparently lenders and real estate investors are increasingly choosing larger firms for their Phase I Environmental Site Assessments. I spoke with two national lenders who said that they were trying to narrow their list and cutting the mom and pops in favor of ... Read More »
For lenders, conducting the appropriate level of pre-foreclosure environmental due diligence is crucial to managing the risk of lender-owned real estate portfolios. Though the economy is on a tenuous path to recovery, commercial real estate foreclosures persist. Lenders may be dealing with foreclosure backlogs for years to come. Partner’s Amy Rudegeair co-authored an award-winning article ad... Read More »
Video on Phase I ESAs. Read More »
