Our ownership perspective approach to property support services comes from our roots as a corporate in-house environmental services organization where we were real estate owners, buyers and sellers.
Cameron-Cole provides property development support services for all sizes of projects from normal, single property transfers with little or no known contamination, through complex, multiproperty exchanges involving known pollutants. Our team is a leader and national provider of quality environmental due diligence services, which may be performed prior to mortgage financing, purchase or redevelopment of real estate.
Our experience has led us to understand two critical aspects involved in the provision of environmental services to support real estate transactions: timely delivery and communication.
ASTM Phase I Environmental Site Assessments, Phase II and Phase III investigations, regulatory agency negotiations
ASTM-based assessments of buildings’ condition
Our mitigation experts (engineers, waste management experts, hydrogeologists) provide environmental analysis to the client’s risk management team to assist their understanding of environmental impacts and the potential risk these may represent.
Comprehensive waste management programs aimed at diverting waste from landfill to recycling and reuse, and achieving zero waste to landfill, including negotiating and contracting directly with waste and recycling companies, coordination of multiple vendors, managing billing and recycling credits, routine audits of collection areas and implementation of corrective actions, process/procedure analysis focused on waste reduction, upstream and downstream waste characterization, identification, design and implementation of waste reduction programs, employee behavioral/education training and promotional campaigns and monthly/annual reporting of waste reduction and cost saving accomplishments
ESAs (Phase I AAI assessment, Phase II investigation, Phase III remediation), risk assessments, including ecological and human health risks
Asbestos inspections and abatement design, planning, cost estimation and project management, certification, and contractor selection, and health and safety; monitoring; indoor air quality (mold, radon, chemicals) assessment and management, design review for structural and mechanical systems, and construction management for IAQ issues and remediation
Full-service remediation (design, construction oversight, certification) for impacted soil and groundwater associated with historical manufacturing operations, leaking underground storage tanks, and nonpermitted landfills; management and oversight of building demolition and restoration
Permitting and management services, including training, administration of access rights and fees
Up to now, the ASTM E2018 standard for Property Condition Assessments (PCAs) did not address a building’s energy performance. This shortcoming was the impetus for the development and recent publication of ASTM E3224, Building Energy Performance and Improvement Evaluation (BEPIE) Standard Guide. The BEPIE standard is designed to be conducted as an adjunct to the PCA, with the goal to determine whether a building’s energy performance is under-performing compared to its peers, and if so, identify the cost of potential measures to improve energy performance to at least achieve parity with peers.
According to Anthony Buonicore, Chair of the ASTM Building Energy Performance Task Group and Chairman of Sustainable Real Estate Solutions, Inc., “There is no question about the growing importance of energy efficiency and sustainability in the commercial real estate industry. Energy costs can represent a significant portion of a building’s total operating expense. Therefore, measures to save energy can have a significant impact on the bottom line.” Using ASTM E3224 to determine the building’s energy performance provides prospective purchasers added insight into the potential energy cost savings and impact on cash flow that might be achieved by making energy efficiency improvements, as well as additional information to use in price negotiations.Cameron-Cole provides PCA reports in general conformance with the scope and limitations of the ASTM International Standard E2018-15, which identify and communicate visible physical deficiencies as observed during our field observer’s site visit. Our staff also will be able to conduct building energy assessments as outlined in ASTM E3224.
The Cameron-Cole team has conducted nationwide and regional environmental due diligence work for many parties in this market, and has been involved in many highly visible real estate transactions throughout major metropolitan areas of the U.S.
Our experience has led us to understand the critical aspects involved in the delivery of environmental services to support missions involving real estate transactions.