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Category Archives: Due Diligence

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New ASTM Standards for Due Diligence and Why You Should be Aware of Them

Posted in Due Diligence, Environmental and Land Use, Hazardous Waste, Real Estate Acquisitions and Dispositions, Real Estate Development, Real Estate Litigation, Secured Lending and Finance

WHY YOU NEED TO ENGAGE IN DUE DILIGENCE PRE-ACQUISITION Prior to purchasing or leasing property, it is necessary in most instances to engage in at least a screening environmental review.  The purpose of a pre-transaction investigation is two-fold:  first, to determine whether there are issues that must be dealt with in the relevant agreement (or… Continue Reading

Preliminary Endanger­ment Assessment (PEA) Guidance Manual Released in Draft by DTSC

Posted in Due Diligence, Environmental and Land Use, Real Estate Development

The Department of Toxic Substances Control has released a revised ver­sion of its Preliminary Endanger­ment Assessment (PEA) Guidance Manual.  The manual is used to perform an initial evaluation of contaminat­ed property. This is the most recent version since 1999.  This version was intended to include information required by the All Appropriate Inquiry (“AAI”) standard included… Continue Reading