Eikon’s Environmental Takeaways.
The Phase I Process: A Powerful Pawn in the Environmental Toolbox.
The term "Phase I" is thrown around quite a bit in the environmental industry; most people don’t have a good sense of what it should accomplish and what protections it does and doesn't provide.
Environmental Cost-Cap Insurance Policies: A Phoenix Rebirth.
Environmental cost-cap policies, a valuable tool in the contaminated property transactional toolbox, now include stricter guidelines and new policy standards.
Loan Documents: The Environmental Escrow Clause.
Even with an underlying risk of property contamination, Commercial banks will lend money for a real estate transaction, contingent upon the ability to eliminate the environmental impact.
Chaos Begets Opportunity: COVID-19.
“In the midst of chaos, there is opportunity.” — Sun Tzu
The New Bane of the Real Estate World: PFAS.
Never heard the term PFA’s? Consider yourself lucky!