Good News & Bad News for the Real Estate Market

GOOD NEWS AND BAD NEWS ABOUT THE IMPROVED REAL ESTATE MARKET

FIRST THE GOOD NEWS:

We are starting to see positive news about the renewed growth of real estate transactions throughout the tri-state area.  This seems to be the result of the continued stabilization of the economy, historically low interest rates and increased overall confidence by the public and the business community.  We hope and expect that this trend will place many long-vacant properties back on the active market.

NOW THE BAD NEWS:

Many of these properties have been locked up with no utilities and no maintenance, resulting in poor indoor air quality, particularly mold and bacterial growth. In some cases these properties have been poorly maintained, damaged or ignored, leaving old lead-based paint, PCB and asbestos hazards in place. These and other environmental problems (such as contaminated soil, underground storage tanks or abandoned hazardous chemicals) are a serious concern to banks, mortgage companies, realtors and buyers and may slow or prevent sales.

The health and environmental risks related to these contaminants is well known.  That is why careful inspection and possible testing of these hazardous materials prior to renovation is critical to facilitating a successful transaction and regulatory compliance.

BACK TO SOME GOOD NEWS:

GSE can help with timely, cost effective environmental consulting services.

Garden State Environmental, Inc. (GSE) is a well established Industrial Hygiene and environmental consulting firm specializing (since 1985) in indoor air quality and related environmental issues.  We have developed a strong reputation as reliable, scientifically solid, experienced and practical consultants.  We have completed “thousands” of assessments and understand the regulatory requirements “inside and out” (so you don’t have to).  We serve the NJ, NY Metro and Eastern PA markets.  Here’s how we can help:

• Fast and competitive initial inspection for all environmental issues of concern.
• LSRP services for applicable NJDEP regulated projects.
• Environmental testing (as needed) to determine the extent of the problem.
• Careful written report to document the problem and recommended solutions.
• Project management and local contractor partnerships as needed for “turnkey” approach.
• Clearance inspection and final documentation when remediation is complete.
• Interface with regulatory agencies on client behalf to ensure compliance.
• Our expertise reduces delays, provides objectivity, reduces liabilities and helps control overall project costs.

Please call 201-652-1119 for more information or to arrange a free one-hour seminar* on assessing indoor and outdoor environmental hazards in vacant buildings.

*Available during normal working hours for groups of 5 or more at client locations within 20 miles of any of GSE’s offices in Bergen, Essex, Somerset, Ocean and Burlington Counties NJ. More distant or expanded  training programs available with nominal costs for travel related expenses.