Every eight years, standards for environmental Phase I reports are updated – and, typically, made more detailed and stringent. The standards were most recently updated in 2021, and the updated version ...

When buying commercial property in Chicago, or elsewhere in Illinois, many investors ask whether a Phase I Environmental Site Assessment (Phase I) is required. Often times, yes, a Phase I is required.

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

ASTM has issued revised standard ASTM E1527-13 that governs phase I environmental site assessments. The EPA uses the ASTM standard to determine whether companies have met the “All Appropriate Inquiry” ...

September 04, 2025 - For years, environmental due diligence in real estate has largely focused on uncovering past liabilities — historical contamination, compliance gaps, and structural issues that ...