Custom Search

Wednesday, August 26, 2009

Mold dampens deals



ArabicChinese (Simplified)Chinese (Traditional)DeutchEspanolFrenchItalianJapaneseKoreanPortugueseRussian



Mold-related incidents in commercial real estate transactions cost an average of $11 million to remediate, according to a new poll of high-profile developers and banking executives conducted by the Environmental Assurance Group (EAG). In addition, more than half of the respondents were aware of mold issues either delaying or revaluing a deal. When asked what kind of environmental contamination they feared most in a real estate project, more than half of those surveyed cited mold. Asbestos ranked a distant second followed by mercury and radon.

"This survey confirms the worst fears of major stakeholders in the real estate business--mold is costing big money," said Charles Perry, principal of EAG and a member of the Mortgage Bankers Association mold task force.

Source Citation:Halm, Karen. "Mold dampens deals." Journal of Property Management 70.2 (March-April 2005): 6(1). Academic OneFile. Gale. BROWARD COUNTY LIBRARY. 26 Aug. 2009
.


468x60 Spring/Summer 09


Personalized MY M&M'S® Candies






HomeCenter.com: Save on all Products!


Shop home appliances at Rainbow Appliance

BBB Reliability Program Member
(Web-Page) http://dryer.vent.cleaner2008.googlepages.com












(Album / Profile) http://www.facebook.com/album.php?aid=10030&id=1661531726&l=6a081800d6

Shop the Official Coca-Cola Store!



Appliances at Sears.ca


ArabicChinese (Simplified)Chinese (Traditional)DeutchEspanolFrenchItalianJapaneseKoreanPortugueseRussian

No comments: