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ACCELERATE AND PROTECT YOUR BAY AREA DEVELOPMENT

Enivronmental due diligence is required for most commercial development projects--whether a completely new greenfield project or rehabbing an existing facility. And for good reason. If you are considering purchasing a property for development, or developing a property you own, it is absolutely critical that you know if there are any enviornmental risks to your project. The presence of contaminants can devalue your property and derail your plans. 

Done right, environmental due diligence can enhance the value of your assets, give you leverage with investors and buyers, and accelerate the overal development process. 

GET MORE FROM YOUR ENVIRONMENTAL CONSULTANT

A strong environmental consulting firm partnership can provide property buyers with more than peace of mind. An environmental consulting partner can give buyers a competitive advantage improving offers on properties, reducing inspection costs and accelerating closing times. Here’s how:

 

  • Improving offers
  • Lower inspection costs
  • Faster closing times
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How Environmental Due Diligence can Give You a Competetive Advantage
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Discover the difference

Speed and quality
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You’ve finally agreed to terms for the purchase of a commercial property. Now it’s time to complete all the paperwork--no one’s favorite task. Among the items on the list of required documents is an environmental due diligence report. This sounds complicated, and you have 30 days to close. Learn more.

pro tip

Hire an experienced firm. Remember the ultimate goal is a set of investigations that will stand up, if needed, in any dispute. 

 
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Getting Started

It all starts with the ESA Phase 1 report. The Environmental Site Assessment Phase 1 (ESA Phase 1) is the environmental first due diligence report prepared for just about every commercial real estate transactions including land purchases, building purchases, leases, business purchases, new residential developments and bank loans.
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COmpare

There are lots of due diligence consultants out there. You need to find one that is looking out for you--one you can trust with your investment. It is important to ask questions of potential consultants, and for them to ask  you questions as well. If they don't understand your plans for your property, for example, they could miss important issues.

Get the Quick Guide: 5 Myths of ESA Phase 1 Reporting > 

Ask Who
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 When engaging a consultant or firm for your property purchase, there is one critical element to getting a quality report that will protect you and your property. Who will perform the inspection?

If you turn to a large firm, they may not be able to answer the question. Why? Because the way most firms work is that they serve as middlemen, reviewing your request and sending the required inspections out for bid to their network of vendors. They take the lowest bid and mark it up based on their target margins to determine pricing.

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One question you MUST Absolutely Ask Your Environmental Due Diligence Consultant
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Make sure they listen...

If an environmental consultant doesn't ask these questions, don't hire them.  
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Three key Questions:

Looking for Help?

Choose Wisely
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Closing a commercial real estate transaction, whether a new development, rehabilitation of an existing property, or the purchase an AHA multi-tenant building, can be a complex process. One of the complexities involved is the environmental due diligence investigation and reporting required by lenders and/or regulatory agencies. In most metropolitan areas, there are dozens of environmental consulting firms available to assist in this process. Selecting the right one can reduce the time, cost and stress involved in closing a real estate deal.

 

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Get the white paper: 7 Steps to Choosing the Right ENvironmental Due Diligence Consultant
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Did you know?

In San Francisco, environmental review is administered by the Environmental Planning division of the Planning Department. The environmental review process begins with a completed Environmental Evaluation (EE) Application sumbitted to the Planning Department. Only a current EE Application form will be accepted. The EE Application will not be processed unless it is completely filled out and all fees are paid in full. 

EXPERT Tip

Local knowledge is very important in environmental consulting. Planning departments are process oriented, and you must follow their process in order to get your inspections reviewed in a timely manner. 

How Much?
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Worried about the cost of investigations? Here’s a question to ask yourself. Do you really want the cheapest environmental assessment you can get for your property? Real estate transactions are typically multi-million dollar deals. Saving a few dollars may be attractive at first glance, but a faulty or inadequate report can be far more expensive than the cost of hiring a consultant that is first and foremost looking out for your interests.

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Do You Really Want the Cheapest Environmental Investigations You Can Find? >
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SAN FRANCISCO FACT

San Francisco has the fourth largest number of pre-1978 (year of many environmental regulations) buildings in the country.
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beware of hazards

lead
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In April 2008, the EPA implemented the Lead Renovation, Repair and Painting Rule. The rule stipulated that by April, 2012 anyone working on renovating, repairing, or painting a project that disturbs lead-based paint in homes, child care facilities, and kindergarten buildings built before 1978 must be EPA or state-certified, and they must use certified subcontractors and employees who follow specific work practices to prevent lead contamination. 

important Tip

The EPA states: “As a property manager or person in the position of authority to choose who renovates your hospital, child-care facility, school, or apartment, it is your responsibility to choose a contractor who is Lead-Safe Certified.”
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Mold

If you’re a property manager of a multi-family housing complex, one of the environmental issues you need to be concerned about is mold. “There is always a little mold everywhere - in the air and on many surfaces,” according to the Centers for Disease Control and Prevention. Some molds are harmless. Others can cause structural and health issues. It is critical for property managers to understand the risks of mold in their buildings and the best practices for preventing it.

pro Tip

The best way to stop mold is to prevent it. In order to do this, it is important to perform regular inspections that look beneath the surface for mold or for conditions that are at high risk of mold, so that they can be strengthened.

Asbestos
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The U.S. EPA requires an asbestos survey prior to renovation for buildings built before 1980. If any asbestos is found in the area to be renovated, strict construction regulations kick in, including the requirement that only an asbestos certified contractor can be used for the renovations. This is all spelled out in the EPA’s National Emission Standards for Hazardous Air Pollutants: Asbestos (Asbestos NESHAP) [40 Code of Federal Regulations (CFR) Part 61, Subpart M], for those who want to know.

Important Tip

A little-known fact is that even if a building was built after 1980, it may still contain hazardous materials including asbestos. While asbestos building materials were banned in the U.S. in 1980, many asbestos-containing materials are still legally available including vinyl floor tile, roofing material, and cement mixes.
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NEED HELP TO FIND THE PERFECT SOLUTION FOR YOU?
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  • Asbestos: Should You Be Concerned?
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