Nobody loves having to file a claim for property damage, but at least your insurance will cover it, right? Well… maybe. As some property owners recovering from hurricanes in Texas and Florida are learning, just because you’re covered doesn’t mean you’re covered. Depending on your policy, some forms of damage may not be eligible for…
For commercial property owners, purchasers, and developers, environmental compliance services are a critical component of due diligence and risk mitigation. Environmental compliance services can protect from liability associated with land contamination, unexpected costs associated with environmental clean-up, and unfavorable purchases of previously contaminated property. Environmental compliance services also are critical in preventing unnecessary government fines…
Commercial construction is a complex and risky business. Lenders operating in this space must weigh the value of the completed property against the value of the loan, just as they do in traditional commercial real estate lending. But they also have to weigh an enormous number of additional factors, such as: The reputation and reliability…
If you’re planning renovation or demolition on a building that requires asbestos abatement, you have some decisions to make before you begin. How do you know if you need asbestos abatement? Click here In most cases, you’ll need a qualified firm to develop an abatement plan with detailed specifications for performing the work in a…
It sounds like something out of a horror movie. An invisible darkness lurks in the air. Every time you take a breath, its essence enters your body and stays there. Slowly, silently, it digs itself deeper, lodging itself with microscopic hooks into the tissue of your lungs. Every time you breathe, its hold over you…
In an ideal world, every new construction project would take place on a plot of perfectly clean and prepared land that is well suited exactly for the purpose. In reality, most projects, especially those in urban areas, are sited on property that has a history, and not always a clean one. Often, that history means…
A Building Condition Assessment (BCA), also known as a Facility Condition Assessment (FCA), is a systematic inspection, review, and report on the state of a commercial building’s structure and systems. It is often compared to a home inspection, but it provides more detailed information and is necessarily more complex due to the nature of and…
The presence of asbestos can be hazardous to workers and building occupants during renovations and even in the course of daily business, and the only way to know if it is a problem is to test for it. What Is Asbestos and Why Is It a Problem? Asbestos is a heat-resistant silicate fiber that is…
