Risks are abundant and varied in the world of commercial real estate. Some are apparent at the onset of the transaction and require an immediate tolerance check from the buyer or lender. Conducting a Phase I Environmental Site Assessment (ESA) at the onset of the process can account for your calculated risks but what about the things you may not see? One of these geological conditions is soil liquefaction. While it is only prevalent in certain areas globally, soil liquefaction is an event that can drastically affect your property. If you’ve never heard of soil liquefaction or what you can do to possibly reduce the risks associated with in on your property, let us give you a quick overview below.
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