EPA Designates PFAS as Hazardous Substances On April 19, 2024, the U.S. Environmental Protection Agency (EPA) designated two per- and polyfluoroalkyl substances (PFAS)—perfluorooctanoic acid (PFOA) and perfluorooctanesulfonic acid (PFOS)—as hazardous substances under the Superfund Law. This reclassification marks a pivotal shift from their prior status as emerging contaminants, carrying significant implications for commercial real estate […]
Thought
On April 19, 2024, the United States Environmental Protection Agency (EPA) announced the designation of two per- and polyfluoroalkyl substances (PFAS)—perfluorooctanoic acid (PFOA) and perfluorooctanesulfonic acid (PFOS)—as hazardous substances under the Superfund Law. This reclassification marks a significant shift from their previous status as emerging contaminants, with profound implications for commercial real estate transactions. Key […]
Remember…the “experts might know more than the average bear” but they don’t know everything. Recent news about Talcott Financial Group moving its Windsor offices to 52,000 square feet in downtown Hartford made me think…wasn’t it just two years ago that everyone (including me) was telling you all it was likely that companies would move OUT […]
Amazingly, it’s been a year since the pandemic began. I remember closing our offices on March 12th, one day prior to the very apropos Friday the 13th! Just as amazingly, the clock and the calendar simultaneously and equally slowed to a tedious crawl and sped to an unsustainable blur. March 12, 2020 put us on […]
Wondering just how strong industrial real estate is nationally? Take a look at this article from Commercial Property Executive Excellent overview by CP Executive and JLL’s Trent Agnew. Quick takeaways: Due to capital market sales, $20B less traded in 2020 than 2019. 524M square feet leased in Q4 20 alone! 5.4% national vacancy rate. 327M […]
Customers have become accustom to curbside pickup. Bricks & Mortar retailers continue to offer it, but admittedly it challenges profit margins. In fact, in Costco’s case, already tight margins might not allow it! (Costco is starting to beta test curbside in a couple of locations in New Mexico – See recent RetailDive.com article Costco is […]