Be sure to register in
advance for the August Mack webinar on Thursday,
February 23rd titled "Environmental Due Diligence for
Commercial Property Transaction." You can visit the
registration form on the August
Mack website to sign up for this free webinar. Environmental Due
Diligence is a must as a buyer, seller, or lender in a commercial
real estate transaction. Learn what common types of environmental
due diligence assessments are conducted, the differences between
them, and what type of...
Read More »Environmental Due Diligence
Monday, January 23, 2012 by
Due Diligence Account Team
Here's an excellent article on the importance of conducting
environmental due diligence for commercial property
transactions:
http://finance-commerce.com/2012/01/legal-matters-environmental-mess-needn%E2%80%99t-be-a-legal-mess/
http://finance-commerce.com/2012/01/legal-matters-environmental-mess-needn%E2%80%99t-be-a-legal-mess/
Heating Oil USTs
Tuesday, January 10, 2012 by
Due Diligence Account Team
I used to live on Long Island, NY,
where natural gas is not readily available. I still visit the
in-laws there regularly, and a common topic of conversation is the
price of heating oil. In places where natural gas is not available,
the use of heating oil USTs is very common. It's not that big of an
issue in the natural gas-rich midwest. But with the
environmental due diligence mindset I've inevitably developed over
my career, I can't help but think that the volume and commonplace
use of heating...
Read More »Phase One Environmental Site Assessments
Wednesday, January 4, 2012 by
Tom Anderson
During 2011 August Mack Environmental was awarded more than 1,500 projects. Many of these projects were Phase I Environmental Site Assessments. Although this is not our largest revenue segment, it is our largest service area by number of projects awarded. Many of these projects are performed near our offices although we have completed transactional due diligence work in over 40 states. If you need help, give me a call at 317.916.3105.
Asbestos
Wednesday, December 21, 2011 by
Health and Safety Account Team
Asbestos, an important topic for
many industries, can often be a confusing subject. Among the many
environmental due diligence services provided by August Mack
is an Asbestos Survey. If you you would like to read more on
the topic to get a better background understanding of
Asbestos, check out the helpful
Asbestos Fact Sheet on the OSHA website.
Defining Due Diligence
Friday, December 16, 2011 by
Cassie Anderson
Did
you know?
Due Diligence is a term used for a number of concepts involving either an investigation prior to signing a contract, or an act with a certain standard of care. It can be a legal obligation, but the term is more commonly applied to voluntary investigations. In the environmental world, an example of due diligence is the process through which a potential purchaser evaluates a property for acquistion by means of a Phase I Environmental Site Assessment.
Due Diligence is a term used for a number of concepts involving either an investigation prior to signing a contract, or an act with a certain standard of care. It can be a legal obligation, but the term is more commonly applied to voluntary investigations. In the environmental world, an example of due diligence is the process through which a potential purchaser evaluates a property for acquistion by means of a Phase I Environmental Site Assessment.
Environmental Due Diligence Challenges (Part 2)
Thursday, December 15, 2011 by
Due Diligence Account Team
Here is Part 2 of our December 5th post:
http://www.elabs7.com/functions/message_view.html?mid=1390479&mlid=10412&siteid=29083&uid=78a43f1442
We look for every opportunity at August Mack to provide our lending partners with training experiences on our environmental due diligence service areas. If you're interested in a small presentation, large presentation, lunch and learn, etc., feel free to give us a call!
Indianapolis, IN: 317.916.8000 (Kent Johnson)
Dublin, OH: 614.798.9922 (Eric Cooper)
Livo...Read More »
http://www.elabs7.com/functions/message_view.html?mid=1390479&mlid=10412&siteid=29083&uid=78a43f1442
We look for every opportunity at August Mack to provide our lending partners with training experiences on our environmental due diligence service areas. If you're interested in a small presentation, large presentation, lunch and learn, etc., feel free to give us a call!
Indianapolis, IN: 317.916.8000 (Kent Johnson)
Dublin, OH: 614.798.9922 (Eric Cooper)
Livo...Read More »
Environmental Due Diligence Challenges
Monday, December 5, 2011 by
Due Diligence Account Team
I received Part 1 of 2 emails from
EDR about the challenges lenders face in stressing the
importance of environmental due diligence. I've run into Challenge
#5 and #4 more times than I can count. Check it out:
http://www.elabs7.com/functions/message_view.html?mid=1377883&mlid=10412&siteid=29083&uid=78a43f1442
http://www.elabs7.com/functions/message_view.html?mid=1377883&mlid=10412&siteid=29083&uid=78a43f1442
ASTM Methane Hazard Mitigation Standard
Tuesday, November 29, 2011 by
Due Diligence Account Team
Looks like there is development in the works for a new ASTM
standard for methane hazard mitigation practices (WK32621).
It will be interesting to see how/if this will be incorporated into
risk management policies for environmental due diligence. What
immediately comes to mind are the numerous landfill facilities that
are often identified in close proximity (sometimes adjacent) to a
study site during a Phase I Environmental Site Assessment.
Wet Cleaning vs. Dry Cleaning
Monday, November 28, 2011 by
Due Diligence Account Team
Dry cleaning facililties routinely
are a source of concern while performing environmental site
assessments due to the invasive and carcinogenic effects of the
solvent used in the process. Tetrachloroethylene (also known as
perchloroethylene, perc, or PCE) can easily migrate through soil
and groundwater, and has been the topic of much controversy,
specifically as it pertains to environmental due diligence.
With all that is known about the harmful effects of perc, many
states are working to ban...
Read More »Vapor Intrusion Screening for Real Estate Transactions
Wednesday, November 23, 2011 by
Marketing Department
Taken from our newsletter
files:
Vapor intrusion (VI) is one pathway for building occupants to come
in contact with chemicals of concern, occurring when vapors from
contaminated soil and/or groundwater migrate into the indoor air of
overlying structures. The American Society for Testing and
Materials (ASTM) Standard Practice for Assessment of Vapor
Intrusion into Structures on Property Involved in Real Estate
Transactions E 2600-08 has been developed based on an industry
need to address the VI...
Staying Sharp as a Manager/EP
Monday, November 14, 2011 by
Due Diligence Account Team
As I've promoted to a position of management, I find myself
conducting fewer and fewer Environmental Due Diligence Assessments.
For logisitical and fiscal reasons, it only makes sense that
managers and EPs will have less time with boots on the ground in
the field, and more time keeping projects moving, reviewing reports
for content and issues, and communcating with clients.
However, I do find it important at least once a month to keep a Phase I Environmental Site Assessment (ESA), Modified Phase...Read More »
However, I do find it important at least once a month to keep a Phase I Environmental Site Assessment (ESA), Modified Phase...Read More »
Records Review with Risk Assessment
Monday, November 14, 2011 by
Marketing Department
August Mack provides several types of Environmental Due Diligence Assessments to aid clients in assessing environmental risk during commercial property transactions. The most basic of which is typically the Records Review with Risk Assessment. The Records Review with Risk Assessment allows the client to get an understanding of the regulatory status and history of the site and surrounding area. Furthermore, the client receives August Mack’s professional opinion as to whether the information...
Read More »Issues with the newly revised environmental policy in the SBA's SOP
Wednesday, November 2, 2011 by
Due Diligence Account Team
This article details the issue of UST facilities and the change
in the SBA's SOP (effective 10/01/11) pertaining to how to address
them during environmental due diligence for an SBA backed
loan:
http://www.elabs7.com/functions/message_view.html?mid=1358993&mlid=10412&siteid=29083&uid=78a43f1442
The logic makes sense, but the increased liability for EP's is
significant.
Happy Halloween!
Monday, October 31, 2011 by
August Mack Environmental, Inc.
Happy Halloween from August Mack!
August Mack specializes in environmental, health and safety
compliance; environmental due diligence; environmental site
remediation; and sustainable business strategies to the industrial,
legal, financial, health care and government sectors throughout
North America. August Mack has offices in Indiana, Michigan,
Missouri, Ohio and Pennsylvania. For more information on August
Mack's environmental, health and safety services, visit
www.augustmack.com or
call...
Happy Lead-Poisoning Prevention Week!
Friday, October 28, 2011 by
Cassie Anderson
Check out my past blogs for information on lead based paint
(blog.augustmack.com/blog/environmental-due-diligence-and-risk-management/lead-based-paint)
and lead in drinking water (blog.augustmack.com/blog/environmental-due-diligence-and-risk-mangement/lead-in-drinking-water).
EPA Works to Prevent Lead Poisoning in Children / National Lead Poisoning Prevention Week is October 23-29
WASHINGTON – The U.S. Environmental Protection Agency (EPA) is recognizing National Lead Poisoning Prevention Week...
Read More »Why Would I Need a Phase I?
Monday, October 24, 2011 by
Marketing Department
Phase 1 Site
Assessments are done for a number of reasons. Below are
common examples of why you would order a Phase 1:
- Purchase of real property (property or personal property) by a person or entity not previously on title
- Contemplation by a new lender to provide a loan on the subject real estate
- Partnership buyout or principal redistribution of ownership
- Application to a public agency for change of use or other discretionary land use permit
- Existing property owner's desire to understand toxic...
Drycleaners
Friday, October 21, 2011 by
Due Diligence Account Team
Typically, drycleaners are a red flag for environmental assessments
due to the inherent solvent use in the drycleaning practice.
Specifically, tetrachloroethylene (also known as perchloroethylene,
or perc) is a very invasive solvent, that when spilled can migrate
through the subsurface and contaminate groundwater pretty easily.
It travels quickly, and can cause problems quickly if groundwater
is used for drinking water. It can also cause indoor air quality
problems if the groundwater moisture...Read More »
Environmental Due Diligence
Thursday, October 20, 2011 by
Due Diligence Account Team
I have been reminded lately that
conducting a Phase One Environmental Site Assessment is not
just useful for the purchaser of a property. Being proactive when
preparing to sell is as good a time as any to complete this
study.
Add value to your property by having the study completed by a third party and ready for review by interested buyers and lenders. This is particularly helpful when the site in question is an existing commercial or industrial site. It limits the occasion of being surprised by...
Read More »Add value to your property by having the study completed by a third party and ready for review by interested buyers and lenders. This is particularly helpful when the site in question is an existing commercial or industrial site. It limits the occasion of being surprised by...
Why Should I Hire a Consultant to Conduct an Audit?
Wednesday, October 19, 2011 by
Marketing Department
Hiring an environmental compliance
consultant will add credibility to your result in
the eyes of your external stakeholders. These individuals or firms
usually have an already established relationship with the
environmental governing bodies and are knowledgeable in how to
submit reports correctly.
If you suspect a violation may be present or you become aware that a facility should have been complying with a law but has not, a consultant can come in and offer environmental compliance solutions.
If you suspect a violation may be present or you become aware that a facility should have been complying with a law but has not, a consultant can come in and offer environmental compliance solutions.
Mos...Read More »
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