Newsletter | phase 1 environmental assessments Texas

What is a Phase 2 Site Assessment?

What is a Phase 2 Environmental Assessment? If a property has failed the Phase 1 Site Assessment due to obvious environmental risks or...

What is a Phase 3 ESA?

What is a Phase 3 ESA? After a Phase 2 ESA has been performed, because of an obvious Recognized Environmental Condition (REC) that is...

New Phase 1 ESA Standards May Increase Cost & Wait Times

New 2022 standards for Phase 1 ESAs may cause higher fees and reports to take longer, as the new ASTM standards will increase cost and...

The FAQs of Environmental Assessments & Due Diligence:

What is a Phase 1 ESA: is a common requirement today for most commercial real estate transactions. Typically, the purchaser or the bank...