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Real Estate/Development

Jun. 1, 2004

Get a Grip

BY DANIEL E. JOHNSON AND JOSEPH L. KESLING The U.S. Environmental Protection Agency is finalizing new federal due diligence standards for "all appropriate inquiry" as it applies to environmental property inspections known as Phase I site assessments.

BY DANIEL E. JOHNSON AND JOSEPH L. KESLING

The U.S. Environmental Protection Agency is finalizing new federal due diligence standards for "all appropriate inquiry" as it applies to environmental property inspections known as Phase I site assessments.

The rule would replace completely the current American Society for Testing Materials Phase I site assessment standard, giving it the potential to affect every U.S. real estate transaction.

The agenc...

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