Industry-Leading Real Estate Assessments
Our team of engineers, architects, environmental scientists and construction professionals provide expert assessments of commercial properties and environmental conditions to protect and enhance our clients’ assets.
The Property Condition and Environmental Consulting platform has completed more than 100,000 projects in the U.S., Canada and Latin America. Services include Property Condition Assessments, Seismic Risk Analysis, Zoning Compliance, Phase I Environmental Site Assessments and Phase II Environmental Site Assessment Oversight. CBRE professionals service the requirements of institutional mortgagees such as ASTM, as well as other specific formats under Fannie Mae and Freddie Mac and their “Green” Initiatives.
- Property Condition Assessments (PCA)
A Property Condition Assessment identifies and documents the general physical condition and quality of improvements on a given property. Our experts detect and present any deficiencies that could have an adverse effect on the property’s cash flow, function or marketability. Each report contains a reserve schedule that identifies immediate need costs as well as significant capital expenditures over the evaluation period.
- Seismic Risk Analysis
Analysis of seismic risk to help clients make informed decisions regarding purchase, financing and insurance requirements.
- Zoning Compliance
Zoning Compliance reports determine whether a property complies with relative municipal ordinances and identifies nonconforming features and other deficiencies.
- Fannie Mae & Freddie Mac (Agency)
We utilize a senior-level, dedicated Agency technical management team for all Fannie Mae and Freddie Mac assignments. This includes market-force, affordable, senior, student, mixed-use, tax credit, small balance loan, manufactured housing, Green reports, construction reports and all other GSE executed platforms.
- Fannie/Freddie Conventional PCA and ESA Reports
Conventional Agency PCA and ESA reports are used by institutional lenders to identify and document a property’s general physical condition as well as any environmental concerns. Our PCA Reserve schedules are used in the underwriting process to identify any escrows needed for immediate property needs as well as ongoing required capital expenditures over the term of the loan.
- Small Balance Loan (SBL) Reports
An integral part of the Agency management team is a dedicated Small Balance Loan (SBL) team that manages and executes a high volume of these assignments in all regions of the U.S.
- Green Reports
Green Reports, also known as Water and Energy Audits, are comprised of an audit and analysis of existing energy and water systems to identify opportunities to reduce consumption through capital investment.
- Environmental Consulting
Phase I Environmental Site Assessments identify recognized environmental conditions that could be a hazard to tenants, affect property value, mitigate owner or lender liability, and minimize construction delays caused by unforeseen conditions. These Phase I assessments help establish that “all appropriate inquiries” have been performed prior to purchase, to establish a viable defense as an innocent landowner under the Comprehensive Environmental Response Compensation Liability Act (CERCLA). Environmental scopes can be enhanced to identify and consult on asbestos, lead-based paint, indoor air quality, mold or other contaminants as required by the client.
- Phase I Site Assessments (Phase I ESA)
The Phase I ESA process includes site reconnaissance, regulatory database research, interviews and a final report completed in accordance with the ASTM standard. Environmental site assessors perform a thorough inspection of the onsite operations of the property, whether office, residential, retail or industrial. If site history includes regulatory enforcement, file reviews and regulator interviews can provide greater certainty regarding environmental liability.
- Phase II Site Assessment (Phase II ESA) Oversight
A Phase II ESA is normally undertaken to investigate environmental uncertainties or risks identified in a Phase I ESA and often includes subsurface investigations to determine the presence of water, soil, or vapor contamination. Phase II ESA professionals collect and analyze samples of soil, soil vapor, and/or groundwater to evaluate potential impact. CBRE can also provide additional services to move sites toward environmental regulatory closure.