brownfield real estate Articles
The world is on the verge of a new economy…one that is transparent and motivated by making money while doing what’s good for society and the environment.
On March 6th Bank of America, one of the world’s largest financial institutions, announced that they were committing $20 Billion to support growth of environmentally sustainable business enterprises and activities, especially those that address global climate change. For corporate clients the commitment by Bank of America will provide financing for projects spanning LEED certified commercial ...
By AHC Group
Three Ways to Simplify Brownfield Redevelopment
Petroleum brownfields are exceptionally prevalent throughout the United States. As of July 2021, data suggests that approximately 238 million people live within three miles of a leaking underground storage tank (also known as a LUST). That number accounts for almost three-quarters of the entire population. The negative aspects of brownfields are obvious. Contaminants of concern, like Methyl ...
The New Environmental Insurance Products: When Does it Make Sense to Buy Them?
Part One Introduction Real estate transactions with environmental problems often founder on attempts to shift the liabilities from one party to the other. In transactions with other types of problems, insurance is a popular risk transfer mechanism, and is regularly used for that purpose, but it is used far less often when there are environmental risks. This so-called 'environmental insurance ...
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