Increased Attention To Dry Cleaners Likely Under New Property Due Diligence Requirements

On November 6th, 2013 ASTM E1527-13 became official as the guidance standard used by environmental consultants for conducting Phase 1 Environmental Site Assessments. Banks and lenders require Environmental Site Assessments before those entities loan money on real estate holdings and they are designed to identify potential or existing environmental liabilities associated with the subject properties. […]