Real estate development, while promising, comes with a range of environmental risks that can have significant legal and financial implications. As a legal counsel, it's crucial to guide your clients through the process of mitigating these risks to ensure successful and sustainable projects. In this guide, we'll explore best practices for addressing environmental concerns in real estate development.
Thorough due diligence is the foundation of effective risk mitigation. It involves a meticulous examination of the property's environmental history and potential liabilities. Here's how to approach it:
If contamination is discovered, it's imperative to manage and mitigate the environmental impact. This involves:
To ensure ongoing compliance with environmental regulations:
Collaborating with environmental consultants, engineers, and experts is vital for navigating complex environmental issues. They can provide specialized knowledge and contribute to effective risk mitigation strategies.
Environmental risks are dynamic, and conditions can change over time. Stay vigilant and be prepared to adapt strategies as necessary to address new challenges that may arise.
Mitigating environmental risks is a critical aspect of ensuring the success and sustainability of real estate development projects. By conducting thorough due diligence, managing contamination effectively, maintaining compliance throughout the development process, and leveraging the expertise of environmental professionals, legal counsel can play a pivotal role in safeguarding their clients' interests while contributing to responsible and environmentally-conscious development practices.
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GLG's professionals have a combined 35 years of experience.
Gonzales Law Group’s APC extensive Land Use Practice assists clients in navigating the...
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GLG's expertise will guide land developers through the discretionary approval process and compliance with the California Environmental Quality Act. Whether you are developing a hotel, a movie studio, or a high-density mixed-use development, GLG has the experience, expertise and industry know how to get your project approved.