CLE / Events
Environmental Due Diligence in Commercial Real Estate Transactions
Wells Fargo, 530 Fifth Avenue (44th/45th Streets), 15th Floor in Manhattan
September 16, 2010, 8:30 am to 12:00 pm
The buying and selling of commercial real estate are beset by environmental issues, some unknown, especially to the buyer. Before signing on the dotted line, purchasers should negotiate the environmental provisions of the contract and commission their own Phase I Environmental Site Assessment as part of their due diligence. Key elements of both contract negotiation and the Environmental Site Assessment process are reviewed in this class.
This class covers:
*Contract provisions that will best protect the client - how buy and seller each insure they get the benefit of what they bargained for, and avoid ambiguities that lead to lawsuits afterwards
*Phase I and Phase II environmental site assessments and compliance audits - when and how to do them
*Creative, alternative ways of insuring that the property gets investigated and cleaned up in a way fair to both sides of the transaction so as to avoid outstanding issues that have to get litigated later
*Other key issues of interest to practitioners, such as how environmental lawyers and environmental consultants work as a team to protect clients
Instructors: James Periconi, Esq. of Periconi, LLC and Michael Novak of Atlantic Environmental Solutions
CLE Credit: 3 Areas of New York Continuing Legal Education credits
To register for the class, click here
