Environmental sustainability is defined as interacting responsibly with our planet to preserve natural resources, support environmental quality, and ensure that future generations are able to maintain an acceptable quality of life -- especially when it comes to access to clean water and clean food. To...
By Stephen E. Fauer If science is empirical, why do environmental consultants often disagree with one another? To some, science-based disagreement is perplexing. But to people on opposite sides of a commercial or industrial real estate transaction, such disagreements are common. Why does it happen and...
Beyond a doubt, the effects of COVID-19 will reverberate throughout the world for years to come, changing how we live and conduct business in a post-COVID environment. ESA offers an environmental perspective on some changes to the commercial real estate (CRE) landscape that should be...
Savvy buyers of Industrial and Commercial real estate always seek to maximize their return on investment (ROI). On certain properties, they use insurance to protect themselves against the discovery of unforeseen environmental issues post closure. Here’s how it works: First, a Property is Identified What’s hotter than an...
December 31, 2019 marks the first of several Opportunity Zone Program deadlines. ESA contends that missing this milestone will have minimal impact on Opportunity Zone investors. Here’s an explanation of why we hold this view and what you need to know about the impending deadline. Background The Opportunity Zone Program (OZP), part...
While the commercial real estate market in the New Jersey and New York metropolitan area continues to be robust, many developers and builders are finding it increasingly difficult to identify large tracts of available land that can be redeveloped into warehouses, data centers, or mixed-use...
The Opportunity Zone Program is well underway, and the important December 31, 2019 deadline looms before us. An Opportunity Zone investment must be completed by this date to realize the full 15 basis-point adjustment on capital gains taxes. But remember, even if your deal closes...
Going Beyond the Minimum Environmental Standard ESA Environmental Consultants has been a devout client advocate since its inception 30 years ago. This has meant the same thing to virtually every one of our clients to date: obtaining site closure as quickly as possible and for the...
If you own, manage, or maintain a residential rental property in New York City, an important new law was passed recently that you need to know about. Local Law #55, effective as of January 2019, is NYC’s Indoor Allergen Law that covers various pests and allergens. This article...
ESA often has conversations with clients who claim, “My site is clean,” to which ESA replies, “How do you know?” And the client says something like, “Because the site underwent ISRA back in 2002 and there is an affidavit of Negative Declaration.” Or, they might...