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...
Since ESA published its first article on the subject of per- and polyfluoroalkyl substances (see "Getting Ahead of PFAS Regulation"), the New Jersey Department of environmental Protection (NJDEP) and the United States Environmental Protection Agency (EPA) have begun aggressive information campaigns to notify the public...
Buyers (better known as Prospective Purchasers, or "PPs") of Brownfield properties often identify environmental issues that increase their buying leverage. And ironically, sometimes PPs gain leverage because sellers did not follow the strategy ESA presented in Part 1 of this two-part series. In this, Part...
When buying and selling properties, does your return on investment matter? If so, ESA's strategies may help improve your bottom line. Every sale or purchase of industrial and commercial real estate addresses environmental issues, and savvy sellers and buyers use environmental issues to leverage their deals....
Individuals and businesses with appreciated assets will soon be able to take advantage of a new and lucrative investment program. The Opportunity Zone program is designed to promote and drive investments in low-income communities, and Governor Murphy has designated 169 Zones in all 21 counties...
You’ve got a lot on your mind when buying a new property; banks, attorneys, and business partners are pulling you in several directions and demanding answers to all manner of questions. But ESA wants to make sure that YOU ask questions as well – about...