Environmental Contamination Brings Changes to Real Estate
Ringrose, Carol, THE JOURNAL RECORD
Environmental contamination of property is a factor that is impacting real estate transactions and is responsible for a change in the way contracts for commercial real estate are being written.
"Not that many years ago, before closing on a real estate transaction, you had to make sure the zoning was proper and the financing was in order," said Jim Austin, vice president and resident manager for Coldwell Banker Commercial Real Estate Services.
"Now, there is one more contingency that must be dealt with on every sale. I cannot imagine a commercial property changing hands without an environmental review."
Contamination of property can result in …
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Publication information: Article title: Environmental Contamination Brings Changes to Real Estate. Contributors: Ringrose, Carol - Author. Newspaper title: THE JOURNAL RECORD. Publication date: November 1, 1989. Page number: Not available. © 2009 THE JOURNAL RECORD. Provided by ProQuest LLC. All Rights Reserved.
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