This week's round-up explores how proptech could alleviate the financial burden of property owners' vacant office space, manufacturing firms are bolstering the industrial.
For transactions in 2023 and going forward, parties who purchase property will want to be aware of an update applicable to Phase I reports. By final rule issued on December 15, 2022,.
On Dec. 15, 2022, after a yearlong wait, the U.S. Environmental Protection Agency took final action to approve the new ASTM International standard for conducting Phase I environmental.
American Society for Testing and Materials International E1527-21 Standard Practice for Environmental Site Assessments: Phase I Environmental Site Assessment Process becomes modern legal standard for performing Phase I environmental assessments.
While the U.S. Environmental Protection Agency's previous standard for Phase I environmental site assessments will remain valid for another year, the agency's recent final approval of the newer ASTM E1527-21 standard means that it now represents the best practice for conducting ESAs, says Sedina Banks at Greenberg Glusker.