Bisnow & Roux: Due Diligence Done Right
Due Diligence Done Right: The Role Of An Experienced Brownfield Redevelopment Consultant
Several of Roux’s Principals were interviewed for an article in collaboration with Bisnow, the world’s leading B2B platform serving the commercial real estate industry. Those who have contributed each have integral roles in our Real Estate sector, working out of our nationwide offices on projects entailing environmental assessment, remediation, brownfield redevelopment support, and more.
Our collaborative Bisnow article highlights how our clients have benefited from our Real Estate expertise to develop successful projects leveraging financial tax incentives and liability release programs to navigate challenging environmental regulations and encumbrances. Overall, the article demonstrates the importance of Roux’s role as a leader and teaming partner in the industry. Read a snippet from the article below:
Zoning laws, land use regulations, rising land costs—these are just some of the reasons why developers struggle to pencil deals where they can bring their projects to life. As a result, they are increasingly turning to brownfields, previously developed industrial and commercial properties contaminated by pollutants, hoping to transform these underutilized sites into thriving developments.
“Many of our commercial real estate clients have become more comfortable with former industrial or other blighted/potentially impacted properties,” said Principal Scientist Christopher Battista at environmental consulting and management company Roux, based in Roux’s greater Boston office. “They’re looking for dealmaking opportunities, tax incentive programs or other incentives.”
Roux helps developers navigate the complexities of these sites, starting with environmental due diligence by evaluating site conditions, regulatory framework, potential environmental exposures and any other factors that may increase development costs and schedules. Roux can also design engineered remediation solutions to mitigate risks, a unique skillset to call upon during due diligence.
Based out of Roux’s Los Angeles region office, Vice President Mauricio Escobar stated that today’s developers are more sophisticated and eager to take the technical information Roux provides during due diligence and transform it into successful business strategies. Roux understands the complexities of the market and helps clients find qualifying incentives that can offset remediation costs.
“We are not there to kill deals or point to impossibilities, we are there to provide realistic advice and solutions,” he said. “We offer reasonable case scenarios for dealing with environmental challenges for existing and future development.”
If you’re interested in learning more about Roux’s work in Real Estate and how to navigate tax incentive programs, regulatory guidelines, or other environmental site challenges, please contact us. To unlock our full article in collaboration with Bisnow, please click below.
