ATC is pleased to be a part of the City of Phoenix, Arizona’s Brownfields to Healthfields (B2H) project in an effort to transform community health through sustainable development.
We frequently field questions from clients who are thinking about selling their retail petroleum dispensing facilities and have concerns about environmental situations that could impact their ability to sell a piece of property. For that reason, we decided to take a different approach with this particular blog.
ATC Group Services LLC (ATC) will be exhibiting at the Environmental Professionals of Arizona’s 14th Annual Gatekeeper Regulatory Roundup March 22-23, 2018 at the DoubleTree by Hilton in Tempe, AZ. Four ATC professionals from the firm’s Phoenix-area office will be giving presentations on the second day of the conference.
As one of the oldest shopping centers in the country, Cameron Village has seen its development coincide with decades of evolving environmental regulations. From unknown environmental costs to closure from multiple North Carolina Department of Environmental Quality (NCDEQ) agencies, ATC has helped Cameron Village continue its path as one of Raleigh, North Carolina’s most prominent commercial real estate properties.
ATC Group Services, LLC (ATC) recently partnered with a large developer to redevelop several sizable adjacent tracts of extremely high value real estate. The project involved environmental due diligence, building demolition, and redevelopment to best applicable mixed use. The project is considered the largest project in financial terms ever conducted within the North Carolina Brownfields Program and included assessment, environmental decommissioning and abatement, demolition, and targeted remediation during redevelopment.
When acquiring a site for development, a potentially costly risk is having to clean up hazardous waste and/or remediate environmental dangers within the site’s boundaries. That is why you must have a professional environmental services company perform an environmental site assessment (ESA) prior to acquiring the site in question to minimize your risk.
Environmental Site Assessments (ESAs) help to safeguard commercial/industrial real estate buyers against liability for cleaning up hazardous environmental contaminants. While these assessments, such as the Phase I ESA, tend to focus on the presence or likely presence of any hazardous substances or petroleum products in, on, or at a property, buyers should be aware of the risks of future vapor encroachment from nearby properties.
If you're purchasing commercial property to start or expand your business, you should be aware of possible environmental hazards and potential site contamination. Under federal (and several state) laws, business owners can be held responsible for the cleanup of environmental contamination on their property, regardless if it was caused by a prior owner or tenant. Because of this, the Environmental Protection Agency (EPA) recommends hiring professional consultants to conduct an Environmental Site Assessment (ESA) on property you are planning to purchase.
The Massachusetts Underground Storage Tank Program (the “21J program”) was established in 1991 by Massachusetts General Laws Chapter 21J. The purpose of the 21J program is to "prevent the need for environmental cleanup actions and to expedite environmental cleanup actions by providing partial reimbursement to owners or operators of underground storage tanks … for costs, expenses and other obligations incurred as a result of releases of petroleum products …” from their underground storage tank (“UST”) systems. (Emphasis added).
Whether you are a corporate real estate professional, an investor, a lender, or an environmental consultant, you should be aware that on December 30, 2013, the Environmental Protection Agency (EPA) took final action and amended the “All Appropriate Inquiries Rule” at 40 CFR Part 312 to reference the ASTM 1527-13 “Standard Practice for Environmental Site Assessments: Phase I Environmental Site Assessment Process.” In doing so, the EPA has made it clear that anyone conducting all appropriate inquires may use the procedures included in this standard to comply with the All Appropriate Inquiries Rule.
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Welcome to our postings on the environment and regulatory impact. We strive to keep you informed with the latest changes in regulations and with lessons learned from our time in the field
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