Changes in environmental due diligence in commercial real estate prevent toxic investments

Financial due diligence in a commercial real estate purchase is a necessity, but equally important to purchasers and lenders is environmental due diligence. Many properties may have environmental issues from prior use, and purchasers of those properties may be on the hook for risk of loss should those issues materialize after closing. The purchaser would likely bear the responsibility for cleanup of any contaminated site under Comprehensive Environmental Response, Compensation and Liability Act (“CERCLA”). This can also pose a problem for the lender as well, as an extensive cleanup operation may impact the purchaser’s ability to repay the loan or impair the value of the property. Further, a lender on the purchase may be jointly and severally liable for cleanup costs. Luckily…

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Twenty years of research suggests asbestos regulations need updating

Asbestos regulations were last updated in the mid-1980s, and more than 20 years of health research suggests it’s time to update those regulations again, said NIEHS Senior Medical Advisor Aubrey Miller, M.D., during a March 23 keynote speech at the annual international Asbestos Awareness Conference in Washington, D.C. New research shows that much lower exposures to asbestos can cause disease, Miller continued. (By Pamela Kidron)

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Exposure to Radon Causes Lung Cancer In Non-smokers and Smokers Alike

Lung cancer kills thousands of Americans every year.

Smoking, radon, and secondhand smoke are the leading causes of lung cancer. Although lung cancer can be treated, the survival rate is one of the lowest for those with cancer. From the time of diagnosis, between 11 and 15 percent of those afflicted will live beyond five years, depending upon demographic factors. In many cases lung cancer can be prevented.

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AARST Announces Emerging Risk Reduction Sectors for the 25th International Radon Symposium

The 25th International Radon Symposium, sponsored by the American Association of Radon Scientists and Technologists (AARST), will introduce pre-conference courses and an expanded practicum section at its Springfield, Illinois conference, September 22-25, 2013. The section will concentrate on the emerging risk reduction sectors of multifamily radon testing and mitigation, and radon new construction standards.

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Lung Cancer Asbestos Victims

Lung Cancer Asbestos Victims Center Urges All Victims Of Mesothelioma Or Asbestos Exposure Lung Cancer To Call Them About Compensation-Time Is Of The Essence

The Lung Cancer Asbestos Victims Center is now urging all diagnosed victims of mesothelioma, or lung cancer victims who were exposed to asbestos in the workplace to not think the time to get identified, and ultimately compensated is endless, because it is not, and they hear hundreds of victims of mesothelioma get left on the curb each year, because they did not contact the most skilled mesothelioma, or asbestos exposue law firms to get them identified-heartbreaking.

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