The aim of seismic retrofit ordinances is to create a more seismically resilient building stock, limit costly damage, and most importantly - protect life safety of building occupants in case of a severe seismic event. To what extent does non-compliance expose property owners and managers to liability risks?
A proposed plan requiring mandatory retrofits of wood-frame and certain concrete buildings in LA has been announced. It's an important step towards creating a more resilient city, but concerns have been raised about who should pay for this effort. Finding creative financing solutions will be critical to the success of LA's retrofit program.
Every earthquake is a chance to review whether you are adequately protecting your portfolio against seismic risks. Josh Marrow shares some valuable lessons learned while performing post-earthquake assessments in Napa Valley.
Across the State of California, seismically unsound buildings are gaining the political attention needed to create and enforce regulations to address risk. Josh Marrow explains what this means for building owners and lenders.
A recently passed San Francisco ordinance will require seismic retrofits of buildings with soft-story hazards, which will impact approximately 3,000 buildings over the next 7 years.
