Have you ever heard stories of major real estate deals going sour due to environmental issues? Unfortunately, this happens all too often. Buyers and sellers alike want to avoid the many challenges that may arise when buying or selling contaminated properties. John Heft, in his article titled "Environmental Deal Breakers," recently published by the CCIM Institute, presents examples of real estate deals gone bad and the many environmental risks that are associated with the sale, purchase, ownership or redevelopment of commercial real estate. In addition, he talks about how real estate owners and developers can manage those risks and the environmental coverages that are available to them. Having the proper coverage can potentially save millions of dollars.
Read the complete article here and to learn more or to discuss the specific needs of your insureds please contact John J. Heft, CRIS, Senior Vice President and Director, Real Estate Practice at 609.298.3516 ext. 105 or john. heft@newdayunderwriting.com.
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