Most real estate attorneys know they need to do environmental due diligence as part of a purchase of real estate, but most don’t know why it is required or the proper way to conduct the due diligence. Over 75% of Phase I Environmental Site Assessment reports do not meet the minimum regulatory standards. Accepting one of those faulty ESAs creates enormous potential liability for the purchaser. This presentation will explain why it is important to do environmental due diligence in any real estate transaction and how to do the environmental due diligence correctly.
Lunch included for in-person attendees.
Marty Jones, Waterfall, Economidis, Caldwell, Hanshaw & Villamana, P.C.
Marty Jones is the senior real estate lawyer at Waterfall, Economidis, Caldwell, Hanshaw & Villamana, P.C., in Tucson. He practices environmental law, real estate law and business law. He has over three decades of experience, including four years as an Assistant Attorney General for the State of Arizona, during which time he was in charge of all Responsible Party investigations at all State of Arizona Superfund sites. He has read hundreds of Phase I Environmental Site Assessments, and has been involved in completing environmental due diligence in real estate transactions in 26 states, including more than a hundred projects for the country’s largest developer. He has also been involved with numerous Phase II environmental investigations and site cleanups. He has been AV-Preeminent rated by Martindale-Hubbell since 1995.