article thumbnail

Phase l Assessments for Tenants are the Hottest Environmental Issue in 2020

Green Building Law Update

The potential applicability of the BFPP protection to a tenant who leases contaminated or formerly contaminated real estate has been the subject of debate for the decades since the CERCLA’s enactment. economy, when in any given year the vast majority of real estate transactions are leases and not contracts of sale. . § 9601 et seq.,

Liability 156
article thumbnail

I Just Read my 1000th Phase I Environmental Site Assessment this Year

Green Building Law Update

For those concerned about the state of the environmental industrial complex during the coronavirus disease 2019 pandemic, I can report that last Friday I reviewed my 1,000th Phase I Environmental Site Assessment this year. economy, when in any given year the vast majority of real estate transactions are leases and not contracts of sale.

Site 156
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Tenant’s New Defense to Hazardous Substance Liability

Green Building Law Update

The potential applicability of the BFPP protection for a tenant who leases contaminated or formerly contaminated real estate and improvements has been the subject of debate for the decades since the CERCLA’s enactment. Phase l ESAs will now become much more common in commercial and industrial leasing.

Liability 149
article thumbnail

6 must reads for the AEC industry today: October 15, 2020

BD+C

Chicago’s Bank of America Tower completes, opens (BD+C) . Designed by Goettsch Partners, the 1,770,000-sf tower includes a stepped center core, which allows for a 45-foot lease span on each side. Interior space planning is enhanced by the five-foot setbacks along the river, providing the equivalent of 14 corner offices.".

Leases 40
article thumbnail

Tenants Order Phase l to Avoid Hazardous Substance Liability

Green Building Law Update

The potential applicability of the BFPP protection to a tenant who leases contaminated or formerly contaminated real estate and improvements has been the subject of debate for the decades since the CERCLA’s enactment. Phase l ESAs are now becoming much more common in commercial and industrial leasing.

Liability 120
article thumbnail

Industrial Warehouse Space, Distribution Center Demand Remains Strong

Buisness Facilities Contributed Content

Despite anaemic job growth, the demand for industrial warehouse space and modern distribution centers remains strong, according to Colliers International’s Global Industrial Midyear 2013 Highlights Report , released on July 8, 2013. Key Findings. warehouse space is old enough to be considered functionally obsolete.

article thumbnail

Commercial Real Estate Recovery To Accelerate In 2014

Buisness Facilities Contributed Content

The firm’s top researchers believe the “global real estate disconnect” between buoyant investment markets and more cautious leasing markets that existed during 2013, is narrowing in the United States as the nation’s recovery broadly diversifies ahead of many of its global counterparts.