Dirty Property

I just performed a Phase I ESA on some property in the Antellope Valley and found this book very useful as a reference for the geology of the area:
Geology of California/Book and Geologic Map of California by Robert M. Norris and Robert W. Webb

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There has been a lot of changes in the finance industry over the past few weeks and a lot of people’s ideas about commercial real estate have changed significantly as well. Among all the turmoil, though, I did notice that the Dow and NASDAQ did recover a bit today and my phone is still [...]

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I previously blogged on this subject here. In the current state of affairs in the property due diligence industry is one where lenders are going to want to make sure that all their ducks are in a row and every transaction is completely vetted. This means that it is highly likely that every [...]

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The seemingly rash sell-off of company owned retail gasoline stations that I previously reported here continues. While the previous article I featured focused on ExxonMobil with a nod to the other major oil companies, the article I am featuring below focuses on ConocoPhillips; the parent corporation of the popular “Union 76″ branded retail stations [...]

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Recently, I was introduced to an account manager from Envirofinance Group. They have a pretty good program for lending on environmentally impacted property. If you are seeking a loan on a property, you should consider giving them a call. here is one of their recent published news items:

ENVIROFINANCE GROUP PROVIDES $27.5 MILLION [...]

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This was posted last week and the sampling was presumably performed a couple of weeks ago, but I am posting it to illustrate that public focus on these issues is increasing.
U.S. EPA to sample indoor air at Oakland homes, businesses near former plating shop
Release date: 07/23/2008
Contact Information: Wendy Chavez, 415/947-4248, chavez.wendy@epa.gov
High levels of VOCs found [...]

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I recently had a client request a number of transaction screens for a block of properties that they are purchasing.
A transaction screen is a limited environmental assessment designed to identify readily apparent and potential environmental liabilities associated with a site or facility. All work is conducted in accordance with the ASTM E [...]

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Does your new dream home come with dangerous hidden extras — like a seeping oil well in the backyard or a former meth lab in the bedroom?

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The Economic Development Agency (EDA) of the City of San Bernardino has been awarded $400,000 in grant funding from the United States Environmental Protection Agency (EPA) to develop an inventory of potential and actual Brownfields sites contaminated by hazardous substances and/or petroleum, to conduct environmental site assessments, and to support community outreach activities.
A Brownfields site [...]

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I am proud to announce that we have achieved closure for one of our clients at a property in Gardena, California.  Here is a little bit of information about the project: 
From the late 1980s to 1997, a manufacturer of metal fasteners for the aerospace industry and military was located at the site.  These former [...]

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