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Tagging Search Results
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1 Entries in 'Blogs'
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0 Entries in 'Calendar'
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5 Entries in 'Discussions'
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6 Entries in 'Downloads'
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The Impact of New Vapor Intrusion Standards on CRE Lending
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REFI_articleCohen.pdf
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Although still a relatively recent concern, vapor intrusion has quickly come to the forefront of environmental issues which potentially affect commercial real estate transactions. This article, which appeared in the May 5, 2008 edition of Real Estate Finance & Investment provides an overview of the new ASTM vapor intrusion standard, the impact of the standard on commercial real estate lending and the implications of vapor intrusion risk on property owners.
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Training Update: ASTM Historical Research
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TU_ASTM_historical_research.pdf
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In 1994, ASTM Subcomittee E50.02 revised its standard for conducting Phase I ESAs. Significant changes were made to the historical research requirements in section 7.3. The flow chart summarizes the historical research requirements of E 1527-94.
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Commercial Lenders Welcome Guidance from New ASTM Standard for Vapor Intrusion
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lenders_vi_white_paper.pdf
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Results from two new studies provide compelling evidence that an emerging environmental risk—vapor intrusion—is at the forefront of the minds of commercial real estate lenders. The condition, so serious it has caused state regulators to re-examine properties once considered closed, is driving down
property values and creating liability— including third-party tort claims—for property owners nationwide.
While stakeholders in today’s real estate transactions have struggled to understand this latest environmental concern, ASTM International has just released a national vapor intrusion standard, and it offers muchneeded guidance for assessing and mitigating vapor intrusion conditions.
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4. |
The Inside Line on Liens: Unraveling EPA's New Rule on Recorded Environmental Cleanup Searches
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1107EP_p18.pdf
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A search for recorded environmental cleanup liens is just one of many elements required by the
U.S. Environmental Protection Agency’s All Appropriate Inquiries (AAI) rule. Although a year has passed since the rule took effect, the emphasis on lien searches, coupled with the rule’s flexible approach as to where responsibility for the search lies, leaves many environmental professionals scratching their heads
when it comes to the best way to tackle this complicated issue.
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5. |
ASTM E 1528 Task Group Revises Transaction Screen Standard
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E1528_White_Paper.pdf
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In 2004, ASTM’s E 1528 Task Group assumed responsibility for revising the existing 1528-00 Standard Practice for Environmental Site Assessment: Transaction Screen Process.
Ending a two-year effort of building consensus,the Task Group unanimously approved a 2006 version of the standard (E 1528-06) in January of this year (hereafter referred to as the “ASTM Transaction Screen standard”). ASTM’s release of E 1528 back into the market on March 6, 2006 is the Task Group’s response to a wide range of stakeholders who weighed in on the need for a standardized tool for conducting limited environmental due diligence. The new standard is designed to serve as an early warning system to identify potential environmental concerns, or PECs, in connection with a particular parcel of real estate prior to a property transaction. Strong support by critical stakeholders during the rewriting of the standard in 2005 suggests that E 1528-06 is poised to become an invaluable tool in the hierarchy of tools available to environmental consultants, lenders, corporations, lawyers, government agencies, brokers, appraisers, home owners, and other parties with an interest in performing limited environmental inquiries at properties perceived to be “low risk.”
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