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Recognized Environmental Condition

File reviews: digging to uncover business environmental risks

Under ASTM E1527-13, file reviews are a much more pertinent part of Phase I Environmental Site Assessments (ESA) to accurately identify the potential for Recognized Environmental Conditions (REC) and assess business environmental risk associated with a property. Read More »

Due Diligence in Motor City – why Phase I ESAs are different in Detroit

The Phase I Environmental Site Assessment (or ESA), considered by many in the real estate and finance industries as the most essential form of environmental due diligence, can vary in complexity and challenge when conducted in a city with a storied industrial history known as the automotive capital of the world.  The development of Detroit in the early 20th century was shaped in part by the design... Read More »

A quick comparison of the old and new ASTM E1527 standards

The primary goal for a Phase I Environmental Site Assessment (ESA) is to identify recognized environmental conditions (REC) on a parcel of real estate within the scope of Comprehensive Environmental Response, Compensation and Liability Act (CERCLA). This is only one requirement to satisfy the Landowner Liability Protections (LLPs); however, it will also present information in order to evaluate the... Read More »

Off-Site VEC and De Minimis Environmental Conditions

Is a VEC a REC or a de minimis environmental condition? Read More »

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