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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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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The Wharton School of Business published an article last month in their Finance and Investment section on the state of the Commercial Mortgage Industry that I found to be a good read:
Published: July 23, 2008 in Knowledge@Wharton
With so much media and federal regulatory attention focused on the global credit crunch, especially the securitization of massive [...]

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The Wall Street Journal reported earlier this month that ExxonMobil plans to sell 2,200 retail gas stations in the United States and other oil companies have sold most of theirs as well. They included the following graphic:

I know this may raise concern among many consumers who would think that this may lead to another [...]

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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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Welcome to my blog!
My name is David McAlister, thanks for stopping by and checking out my blog. Here I will post my thoughts and impressions on the commercial and industrial real eastate market, specifically propety where the soil and/or groundwater has been adversely impacted in some way and requires environmental scrutiny. To put [...]

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