Environmental due diligence has become a crucial component of responsible lending for Pennsylvania banks. As regulatory standards evolve, financial institutions must assess potential environmental risks tied to commercial real estate transactions. In 2025, changes to Pennsylvania’s Act 2 Land Recycling Program and the tightening of standards for contaminants such as PFAS and lead highlight the …
Environmental Due Diligence in 2025: What Pennsylvania Banks Need to KnowRead More
An article written by Ms. Candee Wilde of Greenberg Traurig (noted below) highlights a serious issue facing developers in the Riverward Districts of Philadelphia, Kensington, Fishtown and Port Richmond. Fourteen (14) secondary lead smelters formerly operated in these neighborhoods. Many properties in these districts are in the process of redevelopment, and lead (above state and …
Performing Environmental Site Assessments (ESAs) in Northeast Philadelphia? Consider this…Read More
