Search
 

Landauer Launches Environmental Division

NEW YORK CITY-Landauer Realty Group has formed an environmental valuation and consulting division to help real estate professionals properly evaluate contaminated sites and turn them once more into valuable property.

By Betsy Kraat | Updated on July 12, 2001

NEW YORK CITY-Everything old is new again, and property is no exception. As new development opportunities grow harder to find, developers, buyers and sellers are turning to environmentally contaminated properties for potential revenue in a virtually untapped market. Landauer Realty Group, a division of Grubb & Ellis, has launched a new division to meet client’s environmental needs.

“Environmental factors can turn trophy properties into costly reclamation projects,” says Kenneth Acks, director of environmental valuation and consulting at Landauer Realty Group. “Conversely, knowledge can be leveraged to change environmental nightmares into assets.”

As the population continues to expand, the rehabilitation of contaminated sites will be in increasing demand from both public and private sectors. The US Senate has passed legislation to ease restrictions on rehabilitating the nation’s brownfield sites. If enacted, the law would remove the threat of liability facing owners of contaminated property and stimulate economic investment in brownfield cleanup.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.