During a phase I environmental assessment, an environmental expert will do thorough inspections to spot existing environmental … He is a very personable guy and genuinely looks out for both sides.” "Marty is more than just a realtor,” Carlson says, “he is an advocate on behalf of the owner. Carlson is working with banks and realtors through “brown bag training” events so they understand the issues and can help buyers and sellers. What to Know About the Environmental Process, Pros: completing the cleanup allows the property to be sold or leased, Cons: delays transaction and could even cancel the transaction, What are Considered Minor Environmental Issues: surface soil contamination. The Superfund Act in 1986 (SARA) shifted the liability for contaminated lands from the originator to the current owner. Upon recommendation from Marty, the owners hired Carlson McCain and began to mitigate the environmental issues to provide a clear path to purchase. The bigger challenge tends be … We see a cost savings by handling the lease through Premier Commercial Property. Do Consider Incentives. How easy is it to get utilities at the location? To create revenue for the building owners, Fisher worked out a lease agreement with an option to buy and is nearing completion of a lengthy process. Due to the company's unique experience in investigating and remediating contaminated properties, it can select the most financially feasible brownfield sites to purchase. We can assist in all regulatory and compliance matters to ensure your investment is protected. This involves soil and ground water testing for contamination. Recent Best Management Practice (BMP) for soil vapor mitigation is a work in progress and can create up to a 6-month delay. in San Antonio handles commercial real estate purchases, as well as business law and commercial transactions. And, if you are the owner of land that is contaminated, you may be required by the state and federal government and federal agencies like the Environmental Protection Agency to clean-up that property. Environmental issues have many levels and it is not the end all … Governmental Affairs While most don’t think of air pollution as something that can affect land it can. 05 June 2017. If industrial activity has taken place there previously, it may be contaminated. He expects to close the sale of the building to the tenant by end of Summer 2018. When you purchase a piece of property, you become responsible for anything that is contained on that property. We can assist you in your real estate purchase and help decipher all the environmental reports and studies so you can make an informed decision on your purchase. If you are considering buying property with potential environmental issues, you need to know what you are facing. However, there have been many other regulations and environmental laws put in place that can help new owners of contaminated properties, so long as you understand what you are dealing with before you purchase. This means that even if environmental contamination is unbeknownst to a property owner, if said pollution is discovered, the current property … Our team of brokers and property managers are real estate professionals who bring a unique blend of expertise to your project whether you need to buy, sell, or lease a building as well as other commercial brokerage services, investment real estate, asset management, consulting, and property management. Weston Centre112 E. Pecan Street STE 1616San Antonio, Texas 78205, NeuhausChase Tower 200 S. 10th Street, Suite 1111McAllen, Texas 78501, First Party Insurance As a testament to their leadership, the Minneapolis / St. Paul Business Journal has listed Premier Commercial Properties as one of the top 25 Commercial Real Estate Brokerage Firms in Minnesota since 2006. If you are financing the purchase, your lending institution may do an environmental screening to determine whether the property must undergo a Phase 1 environmental assessment. Decontamination can be a costly and protracted undertaking, so do your due diligence before going ahead with a purchase. Founded in 2001, Premier Commercial Properties in Coon Rapids, MN specializes in retail, office, multi-family housing, and industrial real estate in the Minneapolis north metro area. New landowners may be held liable under a variety of environmental laws—either statutory or common law—for liability relating to the property, in some cases regardless Managing the associated risks is almost always possible. We asked Nic Seal, Environmental Scientist and Managing Director of Environet UK to provide advice to buyers and sellers of property affected by Japanese knotweed.. It’s the UK’s most invasive plant and awareness among the general public has grown significantly in recent years, but why exactly is knotweed such a cause for concern among homeowners? If someone wanted to farm the land yet the air pollution resulted in chemicals being deposited on the land (think airborne soot or aerosolized droplets of chemicals that eventually settle on the ground) could have a huge impact on any animals or vegetation on the land used for farming. The property, considered an ideal retail/office property in an ideal location with exceptional visibility, access to main roads, and zoning flexibility for office and retail uses was found to have environmental conditions when the owners completed the required Phase I Environmental Assessment for financing. Website designed and developed by Giles-Parscale, Website designed and developed by Giles-Parscale. Work with a broker who is knowledgeable about environmental issues, processes, agencies, and options you have. This can affect the purchase price or what the seller must accomplish before the land transfer. You can use the Find a Surveyor website. Understanding Environmental Law and Liability. First and foremost, understanding what you may be liable for when it comes to environmental issues on a piece of commercial property is important. He understands the process and what it will take and helps owners with realistic expectations. If a business does not have the proper permits for the current industrial process or have the pr… This tool allows Real Estate Agents, Mortgage Banks, Engineering and Environmental Consulting Firms and the public to determine if EPA's FRS system has records on a specific property without filing a Freedom of Information Act (FOIA) request. If you purchase a property without checking the environmental issues, it may prove very difficult to sell. How Premier is Responding to the COVID-19 Pandemic. Michael Cook says, “Marty has a great reputation in the area. Among all environmental issues out there, air pollution seems like the most relevant for real estate, with its ability to damage human lives having been scientifically proven. “A review informs the bank about the real property condition and if there have been any releases of hazardous substances on the property,” says Mounteer, who advises buyers and sellers on environmental liabilities in real estate transactions. The owners of the pet hospital initially contacted Marty to sell the property, but when contaminants and the MPCA and EPA covenants were found, no building or development could move forward. Persons liable or responsible for clean-up under the MTCA include current and past owners of real property that owned the contaminated property. Although it could potentially extend the time it takes to finalize a transaction, some things can be done ahead of time to help things go more smoothly and quickly. The pet hospital property has unique environmental challenges, but nothing that can’t be overcome with the right experts. If any building work is needed, you may want to renegotiate the price. How Premier is Responding to the COVID-19 Pandemic. He does all of the work, keeps us informed, and communicates without coming across as sales-oriented. Mexican Law Creativity. Carlson McCain contacted BNSF Railway as well as the Minnesota Pollution Control Agency (MPCA) who is leveraging to get BNSF to complete clean-up of the site. Most easements prohibit you from building permanent structures on them. And above all, Quality. If you buy a property that turns out to have a historic … If you are purchasing a business associated with a property, it is important to determine that the proper environmental permits have been obtained and that permit conditions have been properly maintained and reported. Any entrepreneur contemplating a land purchase should consider the environmental condition of the property. Environmental issues can sometimes become very complex. Environmental issues have many levels and it is not the end all when such issues are discovered. If you are considering buying property with potential environmental issues, you need to know what you are facing. | If you are purchasing commercial real estate that has potential environmental issues, you need legal assistance on your side to protect you from financial risk. If there is contamination, there needs to be further investigation into remediation options between the buyer and seller. In some situations, especially after a natural disaster, the local government … Business Law & Commercial Transactions This includes sewer, running water, … In the last few years the guidelines and laws have increased for properties and it may seem like a bad thing, but in reality, many environmental issues can be mitigated and overcome. Soil boring samples showed very low levels of arsenic contaminants in shallow soil on the east edge of the property, causing a delay in the sale. You purchase a property without checking the environmental condition of the requirements easy! 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