Why New Phase I Site Standard Matters For Real Estate

By Lorene Boudreau, Mitchell Wiest and Sara Redding (December 3, 2021, 4:54 PM EST) -- The preeminent standard for Phase I environmental site assessments — an essential part of transactional due diligence — is changing. Last month, ASTM International, the leading technical standards organization, published the highly anticipated update to the Phase I environmental site assessment, or ESA, process....

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