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...
As a direct result of recent updates to NJDEP’s soil remediation standards, it may be possible to modify or completely eliminate a Deed Notice attached to your property. When a Deed Notice is removed, biennial updates and associated costs are eliminated and your property is...
HOW TO MINIMIZE THE COST AND AGGRAVATION OF ISRA COMPLIANCE The Industrial Site Recovery Act (ISRA) is arguably the most impactful hazardous waste cleanup law in New Jersey. ISRA has been law since December 31, 1983 when it was first introduced as the Environmental Cleanup Responsibility...
Many of ESA's clients know very little about environmental compliance. Often, they are unaware of their environmental situation -- or their options. And, just as often, they are aware of the situation but actively choose to ignore it. We get it. Environmental issues can be...
ESA plays an ancillary role when properties are bought and sold. We do not negotiate real estate deals; we leave that to the experts — real estate attorneys and professional brokers. But we could write volumes on client actions (or inaction) that thwart, impede, or...
Buyers and sellers of real estate know the importance of obtaining proper legal representation. But what does "proper" mean? As of 2012, according to the New Jersey Courts web site, there were more than 80,000 attorneys licensed to practice in the state of New Jersey. And...
If you’ve been anywhere near a radio or a teenager this past year, you’ve heard Meghan Trainor sing “I’m all about that bass.” Throughout the song, Ms. Trainor affirms, “No treble.” In our line of work, we say, “It’s all about that baseline. No trouble.”...
When buying or selling a commercial or industrial property, it is probable that you will retain a team of three professionals to represent your best interests: a real estate broker, a real estate attorney, and an environmental consultant. Each team member has a different set...