{"id":2766,"date":"2015-01-21T07:53:58","date_gmt":"2015-01-21T15:53:58","guid":{"rendered":"https:\/\/development-partneresi-clients.connect.media\/?p=2766"},"modified":"2024-06-02T20:20:52","modified_gmt":"2024-06-03T03:20:52","slug":"using-phase-iis-to-avoid-a-bottomless-environmental-mess","status":"publish","type":"post","link":"https:\/\/www.partneresi.com\/resources\/articles\/using-phase-iis-to-avoid-a-bottomless-environmental-mess\/","title":{"rendered":"Using Phase IIs To Avoid A &#8220;Bottomless&#8221; Environmental Mess"},"content":{"rendered":"<h2 class=\"subtitle\">KRISTINE MACWILLIAMS, PE OF PARTNER SPEAKS TO GEOFFREY METZ OF GLOBEST.COM<\/h2>\n<div class=\"field field--body\">\n<picture title=\"Kristine MacWilliams\" data-picture-mapping=\"small-0\" data-picture-align=\"left\"><source srcset=\"https:\/\/www.partneresi.com\/sites\/default\/files\/styles\/small-0-lg\/public\/kristine-macwilliams-692x365.jpg?itok=gBdwG_0g 1x\" media=\"(min-width: 1200px)\" \/><source srcset=\"https:\/\/www.partneresi.com\/sites\/default\/files\/styles\/small-0-md\/public\/kristine-macwilliams-692x365.jpg?itok=2uAyurtW 1x\" media=\"(min-width: 992px) and (max-width: 1199px)\" \/><source srcset=\"https:\/\/www.partneresi.com\/sites\/default\/files\/styles\/small-0-sm\/public\/kristine-macwilliams-692x365.jpg?itok=EeMqw0sm 1x\" media=\"(min-width: 768px) and (max-width: 991px)\" \/><source srcset=\"https:\/\/www.partneresi.com\/sites\/default\/files\/styles\/small-0-xs\/public\/kristine-macwilliams-692x365.jpg?itok=qbO9ENEz 1x\" media=\"(max-width: 767px)\" \/><\/picture>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-1312 size-thumbnail\" src=\"https:\/\/www.partneresi.com\/wp-content\/uploads\/2022\/07\/Kristine-MacWilliams-150x150.jpg\" alt=\"\" width=\"150\" height=\"150\" srcset=\"https:\/\/www.partneresi.com\/wp-content\/uploads\/2022\/07\/Kristine-MacWilliams-150x150.jpg 150w, https:\/\/www.partneresi.com\/wp-content\/uploads\/2022\/07\/Kristine-MacWilliams.jpg 300w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/><\/p>\n<p>CHARLOTTE, N.C.\u2014As the CRE market picks up steam, competitive pressures are creating a tendency to push deals through. With an eye on closing deals, many lenders don\u2019t go beyond the basics of the due diligence process. That means\u00a0<a title=\"Recognized Environmental Condition (REC)\" href=\"https:\/\/www.partneresi.com\/resources\/glossary\/recognized-environmental-condition-rec\" target=\"_blank\" rel=\"noopener\">Recognized Environmental Conditions (REC)<\/a>\u00a0can sometimes get filed away as \u201cresolved\u201d with little further investigation. There are several ways this happens: Certain institutions\u2019 risk profiles make them comfortable with the risk of smaller RECs, and digging deeper to an identified REC by conducting a soil and groundwater investigation is an upfront cost that increases the deals expenses and may delay closing.<\/p>\n<p>But, as\u00a0<a title=\"Kristine MacWilliams, PE\" href=\"https:\/\/www.partneresi.com\/about\/meet-the-partners\/kristine-macwilliams\" target=\"_blank\" rel=\"noopener\">Kristine MacWilliams<\/a>, PE of\u00a0<a title=\"Charlotte Office\" href=\"https:\/\/www.partneresi.com\/about\/locations\/charlotte-north-carolina\" target=\"_blank\" rel=\"noopener\">Partner Engineering North Carolina, PLLC<\/a>\u00a0sees it, without a realistic picture of a seemingly limited REC, the buyer or lender could be leaving themselves exposed to hidden risk. And, in many cases, it can also protect against substantial long-term costs and complex environmental liabilities. GlobeSt.com spoke to the technical director or Partner&#8217;s Subsurface Investigation Group to find out what levels of investigation are appropriate for a given situation, and how to best balance cost, risk, and competitive pressures.<\/p>\n<p>Continue reading the GlobeSt blog\u00a0<a title=\"Using Phase IIs To Avoid A &quot;Bottomless&quot; Environmental Mess\" href=\"https:\/\/www.globest.com\/2015\/01\/21\/using-phase-iis-to-avoid-a-bottomless-environmental-mess\/\" target=\"_blank\" rel=\"noopener\" type=\"A GlobeSt.com Blog\">here<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>KRISTINE MACWILLIAMS, PE OF PARTNER SPEAKS TO GEOFFREY METZ OF GLOBEST.COM CHARLOTTE, N.C.\u2014As the CRE market picks up steam, competitive pressures are creating a tendency to push deals through. With [&hellip;]<\/p>\n","protected":false},"author":48,"featured_media":2767,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1225],"tags":[],"letter":[],"key_topics":[1212],"services-tag":[78],"class_list":["post-2766","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","tag-environmental-due-diligence","tag-phase-2-environmental-site-assessment","tag-recognized-environmental-condition","key_topics-due-diligence","services-tag-phase-i-environmental-site-assessment"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.5 (Yoast SEO v23.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Using Phase IIs To Avoid A &quot;Bottomless&quot; Environmental Mess | Partner Engineering and Science, Inc.<\/title>\n<meta name=\"description\" content=\"As the CRE market picks up steam and with an eye on closing deals, many lenders don\u2019t go beyond the basics of the due diligence process.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.partneresi.com\/resources\/articles\/using-phase-iis-to-avoid-a-bottomless-environmental-mess\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Using Phase IIs To Avoid A &quot;Bottomless&quot; 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