Tune in for the industry’s only inside look at how the first half of the new year shaped up. In this complimentary web event, Dianne Crocker will share the latest stats from EDR’s ScoreKeeper service on how the property due diligence market looks at mid-year—as well as what your forecast for the second half will look like. Attendees of this 60-minute webinar will learn:
• The strength of commercial real estate investment and lending activity
• ScoreKeeper’s barometers of regional, state and metro hot spots for Phase I ESA volume
• Key forces driving demand for due diligence this year
• Changes in risk tolerance from the user community
• EDR Insight’s near-term forecast for environmental due diligence
Following decades of studies, scrutiny and debate, the U.S. EPA updated its TCE’s toxicity profile in the IRIS database, dramatically lowering the toxicity value. For transactional due diligence, this more stringent limit has important implications, including markedly more extensive and expensive cleanup processes. Given the focus on vapor migration in the new ASTM Phase I ESA standard, environmental professionals need to be increasingly cautious when making REC determinations and recommendations to clients.
Adding to the confusion is the significant variability in how regulators are using the updated TCE toxicity profile when making closure decisions at contaminated properties. For instance, U.S. EPA Regions 9, 10 and states like Minnesota, Indiana and Massachusetts (among others) have implemented profoundly different approaches to address TCE risk at contaminated sites. Thus, it is critical for environmental professionals to stay abreast of the how TCE guidance is being interpreted and applied across the country. In the latest development, the Agency for Toxic Substances & Disease Registry is proposing a dramatic change to its TCE toxicity profile for the first time in 18 years. The comment period ended on March 16, 2015, and if the update is finalized in its current form, there will be more intense scrutiny on exposure risks which will further complicate transactional due diligence.
This timely webinar will bring together an attorney and a national subject matter expert to address the various impacts of TCE’s toxicity update on transactional due diligence. This panel will help EPs answer the following questions:
-Does TCE in groundwater constitute a VEC and/or a REC?
-How should an EP manage variability in TCE standards in multi-state transactions?
-How can an EP take steps to minimize exposure to potential liability?
-How can an EP make sense of the science and available guidance?
-How should an EP communicate potential risks associated with TCE to clients?
Commercial real estate markets continue their slow recovery. As demand for loans intensifies, regulatory compliance is top of mind for financial institutions. Bank regulators are exercising strict oversight over all types of bank underwriting, including commercial appraisals. This webinar will address head-on the challenges that institutions face in meeting the latest guidance impacting the appraisal function, and what risk managers can and should be doing to survive an appraisal compliance audit.
Attendees will receive answers to these important questions:
• What do current guidance/regulations require of banks related to appraisals and how has that changed?
• What specific things are bank examiners looking for in an appraisal compliance audit?
• Are you doing everything you can to prepare your institution for the scrutiny of examiners before an audit? During an audit? After an audit?
• What are the latest best practices that banks should include today in their appraisal policies to protect themselves during this stage of market recovery?
EDR Insight is fortunate to have Mitch Kreeger for this timely event. Kreeger is a well-known Subject Matter Expert (SME) on various valuation, environmental and seismic risk, and regulatory compliance topics by peers nationwide. Currently, Kreeger is Chief Appraiser and Principal Consultant at Kreeger Consulting, a private appraisal/environmental/seismic risk consulting services firm that offers commercial appraisal reviews, outsourced Chief Appraiser duties, and advisory services to lenders on regulatory compliance, efficient appraisal/environmental risk functions, and effective policy updates.
• Primary: Risk managers at financial institutions, particularly at community bank level
• Secondary: Commercial appraisers
Exposure to professional liability ranks high on the list of any environmental professional’s concerns. In this webinar, industry veteran Anthony Buonicore will present five carefully-selected case studies where an EP was sued, highlighting how costly litigation could have been avoided. Attendees of this webinar will come away with steps that can be taken to minimize professional liability exposure when:
• Submitting a Phase I ESA proposal
• Conducting a Phase I ESA
• Writing the Phase I ESA report
With risk management in the spotlight, environmental risk management policies are more important than ever. Environmental insurance options have evolved to offer lenders proven ways to manage risk as commercial loan originations increase in the second act of market recovery. Join us for this webinar as seasoned insiders share their insight into how insurance policies can effectively manage risk exposure. Attendees will also learn how environmental insurance can be applied to lending practices based on real world examples of claims scenarios.
Benefits to attendees:
• Background on the latest tools available to help lenders protect collateral on real estate loans or investments.
• The know-how to avoid an embarrassing loss on loan portfolios due to environmental issues.
• The latest intel on how lender environmental insurance can help lenders make more loans.
• Risk managers at community banks
• Risk managers at national/international banks looking for a refresher
• Credit managers and chief credit officers
• Environmental due diligence professionals serving lenders
• Insurance professionals
Vapor migration is part of the new Phase I environmental site assessment protocol from ASTM, E 1527-13. In December, the US Environmental Protection Agency blessed the new standard as compliant with the federal All Appropriate Inquiries rule, emphasizing the importance of assessing vapor migration risk as a standard part of Phase I ESAs. US EPA went even further in the December preamble and stated that vapor migration has always been a part of conducting AAI. In light of US EPA’s statements and the emphasis that assessing vapor migration is current standard practice for AAI-compliant Phase I ESAs, how is vapor being addressed in the field? If a Phase I ESA report identifies vapor migration as a Recognized Environmental Condition, or REC, what next? In today’s market of intensely short turnaround times for property transactions, is a vapor migration issue a deal killer? What are the current tools and options to investigate a vapor migration REC under transactional time constraints? When should a buyer walk away from a site potentially impacted by vapor migration? When to mitigate? How are environmental due diligence firms establishing consistent processes for recommending “next steps” for clients when vapor migration issues arise?
This timely webinar will bring together an attorney and two leading technical experts to address head-on the various avenues that firms are taking to assist end users of Phase I ESA reports on how to address vapor migration risk during the deal making process.
Regulatory pressures are fundamentally impacting the way that financial institutions manage the appraisal function. Our speakers will tackle the most impactful issues for both lenders and appraisals today. An expert from the Appraisal Institute, the largest appraisal membership society in the world with 23,000+ real estate valuation experts worldwide, will share first-hand research into the challenges faced by appraisers and by lenders that rely on the technical expertise of appraisal services. Attendees will learn about the concerns commercial real estate appraisers face, and the challenges their lender clients face in finding quality appraisers to help them respond to new policies and requirements. Speakers will also share insight into the latest policies from bank regulators like the OCC and FDIC that are impacting the integration of appraisals and environmental risk management. An expert in the trenches of a small community bank will share his insights into the shifting alignment of appraisals and environmental risk management at the community bank level, the importance of having a sound policy in place and actions that banks can take to best prepare for the scrutiny of examiners.
BENEFITS TO AUDIENCE:
- Information on how appraisers can meet today’s top challenges, align their services with the challenges lender clients face
- A deeper understanding of bank regulations impacting appraisals
- An insider’s take on what bank examiners look for
- Advice on steps banks can take to protect themselves against examiner scrutiny
- A look into the forces that are bringing appraisals and environmental due diligence functions closer together
- Bill Garber, Director of Government and External Relations, Appraisal Institute
- Brian Ginter, Director - Executive Staff, Diversified Real Estate Consulting Network
With scrutiny on lenders’ risk management policies intensifying, more and more community banks are writing their first policies or updating old ones. The OCC just raised the bar for the banks it regulates with the August release of expanded guidelines for environmental risk management that bring their policy requirements in line with those of the FDIC. What are the critical components that should be in every policy? What elements are common to most institution’s policies? How does your institution measure up to industry best practices? How is policy administered across organizations?
Join us for this webinar as seasoned insiders selected from the ranks of a mid-sized bank and small community lender share their experiences in writing and updating environmental policies. Learn what these experts are doing to protect their institutions from environmental risk exposure, and the dangers that lenders face by not having adequate policies in place to protect them from financial and legal liability.
Do you have more questions than answers about the industry’s transition over to a new ASTM Phase I ESA protocol? You’re not alone.
On August 15, 2013, the U.S. Environmental Protection Agency published a Direct Final Rule which proposes to reference the E 1527-13 standard as compliant with the agency’s All Appropriate Inquiries rule (40 CFR Part 312). The agency’s 30-day public comment period just closed and the ASTM standard moves one step closer to publication.
Right now the #1 question in the industry is: When will ASTM E 1527-13 take effect?
At this webinar, two of the experts closest to the ASTM process will share the latest status of the AAI rule amendment and publication of the new Phase I ESA standard.
There are a number of moving pieces in play right now. Tune into this event to learn the latest on the ASTM front, the hot-button issues raised during the public comment period, what happens to E 1527-05 and more. It is an important time for the industry as it prepares to put a new standard into effect and this event will help keep environmental professionals abreast of the process as it unfolds.
Julie Kilgore, President, Wasatch Environmental, Inc., Chair of ASTM E50 Committee on Environmental Assessment, Risk Management and Corrective Action and Chair of the E1527 Task Group
William Weissman, attorney, member of ASTM E50 Executive Subcommittee, retired partner of Venable LLP, Washington, DC
Change is in the air on the vapor intrusion front. Literally and figuratively. On April 16, the U.S. Environmental Protection Agency released a draft document, the OSWER Final Guidance For Assessing And Mitigating The Vapor Intrusion Pathway From Subsurface Sources To Indoor Air — External Review Draft for public comment. The release of EPA’s guidance comes just months before ASTM is poised to release a revised version of E 1527 that adds definitions of migrate/migration to address the vapor pathway as a potential conduit for contamination.
As attention being placed on vapor risk increases, environmental professionals need to stay abreast of the changes and their implications. With the long-awaited federal guidance now out for public comment, environmental due diligence professionals, lenders, as well as prospective purchasers of properties like drycleaners, gas stations, and other types of properties impacted by petroleum or solvents have a valuable resource for understanding VI risk, assessing it and ultimately, managing it as appropriate for their own risk tolerance. Join us at this webinar to hear the perspectives of three experts on:
• The implications of the federal vapor guidance and an insiders’ unique take on hot button issues;
• How one environmental professional talks to his clients about vapor risk and protects their liability exposure; and
• How vapor risk is being mitigated and managed in today’s deals.
Deploying new patient record systems is more than just servers, networking, and storage. Specialized software applications, compliance and secure data management all need to be considered. Traditional technology vendors all offer partial solutions but you’re left with the hard work. Join Chris Bukowski, Product Manager from NexGen Storage to learn about a better way to deploy patient record systems that include new value-driven data management capabilities that ensure a superior end user experience.
New projects drive revenue. Every project is different, has different deadlines, and has different data management requirements. Delivering an IT infrastructure that can deal with the erratic workloads and constantly changing data needs is nearly impossible, let alone being confident that Finance will be able to run reports fast enough to close the books at the end of the month with no complaints. Join Chris McCall, SVP Marketing from NexGen Storage to discuss new value-driven data management capabilities designed to deliver a superior end user experience for project-oriented architecture and engineering firms.
Over one-third of employees would leave their current employer if offered more flexible work arrangements, according to a recent study by Unify.
In fact, workers around the world are demanding more flexibility about where and when they do their jobs – and it’s not just a hype cycle or water cooler talk. New legislation, court cases, even a presidential order – are requiring businesses across the world to be more accommodating of employees' personal obligations outside the workplace.
In this webinar, Unify presents our latest global research in which we quantify the demand for flexible work options, detail employee and management preferences, and outline ways business leaders can respond to the changing work environment while protecting productivity.
Niel Levonius, RingCentral & Levine, Continental Properties Inc.
Join us to hear RingCentral Director of Product Marketing, Niel Levonius, report on the latest developments in cloud phone systems. This series of interviews with customers delves into the specifics of how the cloud is helping IT professionals in various industries. In this segment, Niel interviews Jeffrey Levine, Broker Manager of Continental Properties Inc., about his real-world experience with leveraging the cloud to make a growing real estate firm more nimble.
Niel Levonius, RingCentral & Bill Cooper, Orbit/FR
Join us to hear RingCentral Director of Product Marketing, Niel Levonius, report on the latest developments in cloud phone systems. This series of interviews with customers delves into the specifics of how the cloud is helping IT professionals in various industries. In this segment, Niel interviews Bill Cooper, IT Admin of Orbit/FR, about his real-world experience with leveraging the cloud to make a growing tech firm more nimble.
According to survey findings in the 2012 Construction Industry Hiring and Business Outlook from the AGC (Associated General Contractors of America), one in four construction firms plan to switch financial, job cost, or operational software to the cloud this year. The reasons are simple -- the right cloud applications can maximize project collaboration, make your business more agile and reduce operational costs. Join us to learn how you can use secure cloud collaboration to centralize your content and make information available anywhere, anytime -- using any mobile device. We’ll discuss common use cases, plus the most popular desktop and mobile productivity applications for AEC professionals.
As the visionary founder of LivingHomes, the award-winning prefabricated homes that combine world-class architecture with an unparalleled commitment to healthy and sustainable construction, Steve Glenn has become a leading voice within the sustainable building movement.
The developer of the nation’s first LEED Platinum home, and with over nine LivingHomes in development that are designed to achieve LEED Platinum, Glenn is one of the more experienced builders of environmentally conscious homes in the United States. While LivingHomes uses the LEED program for external review and validation, the company has established its own Z6 sustainable building goals, which serve as development objectives for each LivingHome, insuring that they have as close as possible to zero negative impact on health and environment. The Z6 goals are Zero Water, Zero Energy, Zero Waste, Zero Emissions, Zero Carbon and Zero Ignorance.
Glenn will share his experiences working with leading architects, including Ray Kappe, FAIA, one the most celebrated modern architects in the US, and KieranTimberlake, the AIA 2009 Firm of the Year, to create LivingHomes. He will discuss the specific elements that go into a LivingHome to achieve the Z6 goals and the process of building a LivingHome - from its factory construction to on-site installation in mere hours. Attendees will gain new insights into sustainable design and prefabrication, and will be able to get any questions answered about building a LivingHome.
This webinar will explain the importance of plants to our well-being and to the environments in which we work i.e. buildings. They are an essential part of any sustainability programme. The webinar will explain why every building should have plants on, in and around them And how these can contribute to the UK Government's Happiness Index and their targets to reduce absenteeism.
Martha Brook, CA Energy Comm.; Lia Webster, PECI; Hwakong Cheng, Taylor Engineering
In this 45 minute Webinar, experts from the energy efficiency industry will discuss building commissioning for both new and existing buildings. Martha Brook from the California Energy Commission will provide an overview of policies related to building commissioning. Reinhard Seidl, Taylor Engineering, will speak on the commissioning process, operational practices, tools and strategies utilized in the marketplace. Lia Webster, PECI, will moderate the session and cover project costs, programs and incentives, and energy and cost benefits from commissioning.
June Grant, AECOM; Scott Poll, NASA; Ed Richards, Cisco
This May, 210 employees at NASA Ames, Moffet Field will move into the Research Center’s first newly built facility in 20 years. The building and surrounding landscape nicknamed NASA’s Sustainability Base (a take on the Lunar Base) was designed to improve workplace effectiveness by maximizing daylight and fresh air and extensive water re-use. The result is a facility designed for near-net zero consumption for both energy and potable water.
In addition to readily available products, the building will be outfitted with the latest NASA diagnostic and intelligence gathering devices to ensure the optimized long-term resource management. Sustainability Base and its connection back into the existing campus-wide building management system announces a new generation of "smart" infrastructure and integrated computerized system technologies which utilize adaptive intelligence applied to local climate.
Understanding our local environment, monitoring and fine-tuning our resource allocation are paramount. What can technologies tell us about ourselves? What technologies are available? How can we enhance our existing building stock and prepare for a wide regional resource management strategy? How can we design smarter buildings and smarter infrastructure?
George Elvin, Green Tech Forum; Greg Kats, Capital-E; Amanda Tullos, Green Bldg Svcs; Kelly Gearhart, Triple Green Bldg Grp
Green building is growing exponentially as the federal government and major cities like Chicago and Seattle join private owners in requiring new buildings to meet stringent sustainability benchmarks like the U.S. Green Building Council's Leadership in Energy and Environmental Design (LEED) criteria. To meet this surge in demand, architects are employing not only proven clean technologies like wind and solar power, but new ones including nanotechnology, biotechnology and other emerging technologies. The convergence of green building and clean technology is creating not only significant improvements in human and environmental health, but major economic opportunities as well.
Our panel of green building experts will provide insights into the costs, benefits and performance of the latest green building technologies. You'll learn about new green building technologies including insulating nanocoatings and aerogels, self-cleaning and depolluting materials, organic light-emitting diodes (OLEDs) and quantum dot lighting, organic thin-film solar cell technologies, and more.
George Elvin, Director, Green Technology Forum
Greg Kats, President, Capital-E
Amanda Tullos, Sustainability Consultant, Green Building Services
Kelly Gearhart, Principal, Triple Green Building Group
James Stanton, Environmental Data Resources; Dianne Crocker, Environmental Data Resources
Finding a ‘green’ home or commercial building typically means evaluating the sustainable materials used in the structure and the energy footprint. But what about the toxic hazards that could be lurking under your property? There are numerous environmental characteristics that can exist within your property, or adjacent properties, some of which could wash the green right off of your low-energy, LEED-certified building! What’s more, if you’re looking for financing, you should know that lenders, in the wake of the real estate downturn, are placing a great deal of emphasis on factors like environmental contamination that can negatively affect a property’s value and potentially expose them to liability.
Join us for this informative session that will help you to understand the importance of environmental due diligence in your quest for finding a green property.
James B. Stanton, VP of Products and Marketing, Environmental Data Resources
Dianne Crocker, Principal Analyst, Environmental Data Resources
Russell Deane, Market Manager - Architecture, AkzoNobel
Major projects require huge levels of inter-agency co-operation. Different parcels are designed by different teams and developed by different contractors. How can you simultaneously achieve a green solution, cut costs and ensure consistency between the various elements on such projects? Using examples including the London Olympics and King Abdullah Financial District in Saudi Arabia, this presentation will show how it can be achieved.
The European Federation of Interior Landscape Groups (eFIG) Chairman Thomas Palfreyman presents on the importance of plants in green building and urban design using case studies to highlight the benefits of plant life.
Christian Kornevall, Director EEB project, World Business Council for Sustainable Development
Looking to 2050, the IEA has projected scenarios with various carbon reduction levels, where the “Blue Map” scenario achieves carbon stabilization levels. The carbon abatement cost curve depicts costs versus carbon abated for a rank ordered set of abatement strategies. A carbon cost of $300/ton for all aggregated sectors will bring about the Blue Map result. However, these scenarios estimate the total cost to society, total investments, less costs and savings, not considering who pays the costs and who benefits.
The analysis implicitly suggests that the lowest negative cost options will happen, thereby paying for more costly abatement measures, e.g. Improved insulation results in a net negative carbon abatement cost, which could pay for implementing a more costly renewable energy supply.
A misunderstanding of the carbon abatement curve interprets it as defining the carbon price needed to meet the stated efficiency levels. Rather, we find substantial price insensitivity to carbon and correspondingly, higher carbon prices are needed to influence building sector decision making for energy efficiency measures.
To determine this, the WBCSD Energy Efficiency in Buildings project (EEB project) created a model of building stock turnover to compute energy efficient technology adoption levels based on micro-economic investor stakeholder decisions. Rather than an unacceptably high market carbon price to foster change, we found that only a set of aggressive policy measures implemented together to influence decision making would bring building sector transformation to the levels needed.
Since 2005 Christian is Director of the Energy Efficiency in Building Project (EEB) at the WBCSD. He is part of the GEA and member of the KM on Buildings. He is also Project Director of the WBCSD/ UII – Urban Infrastructure Initiative.
Richard Chien, LEEP AP, CGBP, City and County of San Francisco
GreenFinanceSF is a property assessed clean energy (PACE) program launched in San Francisco on March1, 2010. The program will enable private property owners to finance energy efficiency, water efficiency and renewable energy projects on residential and commercial properties in San Francisco. If approved for financing, property owners will receive funds from the City for the upfront cost of projects and agree to repay the cost of the project plus interest as an additional line item on their property tax bill for the “life” of the financed improvements (up to 20 years). If the property is sold, both the property improvements and the remaining debt stay with the property and are passed on to the new owner.
This presentation will cover the basics of the program design, including how GreenFinanceSF will help the City meet its carbon reduction goals; a general overview of the program; eligible measures and owner requirements; contractor qualifications and QA/QC issues; outreach and marketing, and other issues.
Kevin O'Donnell, Jameson Detweiler, Sasha King & Paul Bogart
- Their own selection process for choosing sustainable materials
- How they connect with the design community
- What trends they are predicting for the near future
- What technology they are using to catalog the products
Join Kevin O'Donnell, Founder & Fundamentalist, threadcollaborative and a panel of industry experts:
- Jameson Detweiler, CEO Greenkonnect.com
- Sasha King, Co-Founder and Director of Product Research and Development, epOxyGreen
- Paul Bogart. The Pharos Project
Buildings must accommodate myriad requirements while having less environmental impact and providing useful space for working and living. You will hear best practice tips and techniques for building practical and efficient structures as well as the latest trends in emerging areas including green building, retrofitting, LEED, sustainable materials, design software, and more.