SCM Presents: Environmental Due Diligence - The Minute Pirate Bug of Real Estate
JANUARY 2019 – Minute pirate bugs are tiny creatures with an incredibly powerful and painful bite. They are also an apt metaphor for environmental. Why? Because in the real estate development industry, environmental takes up a very small amount of time and money during the course of a project. But if environmental is not accounted for in your due diligence and operations of your real estate, it will potentially lead to a very big bite and outsized amount of pain.
Developers, attorneys, architects, property owners and real estate professionals may only understand parts of the environmental landscape during site selection, due diligence, negotiation, development, site operations and overall risk management. This leads to many undesired and unnecessary consequences including cost overruns and significant liabilities.
● What are the causes of these negative consequences?
● What are the solutions?
● How can you use due diligence to your full advantage?
About the Speaker: Loren Witkin, REA, CAC, LEED AP, is CEO of Citadel Environmental Services. He is a creative and focused leader with 30+ years of experience in the environmental, health, and safety industry. In 1987, Mr. Witkin returned to his alma mater, UCLA, as one of the first asbestos/lead program managers in the state of California. He was responsible for developing, implementing and enforcing policies relating to the identification and remediation of environmental contaminants for 17+ million square feet of property. Following his tenure at UCLA, Mr. Witkin served as Senior Project Manager for a nationwide consulting firm where he consulted on EH&S matters and due diligence for a diverse public and private client base. Relying on his experience in both the public and private sectors, Mr. Witkin founded Citadel. His goal was to form an employee and client-centric consulting firm that would incorporate an understanding of the built environment along with an understanding of the hazardous materials commonly found in that environment. During his career, Mr. Witkin has taken an active role in the advancement of community awareness of lead poisoning, as a founding member of both the California Medical Association Ad Hoc Committee on Lead and the California Chapter of the National Lead Abatement Council. In addition, he has served as a panel member, speaker, and presenter on various EH&S matters to universities, public agencies, cities, school districts, and industry conferences. Mr. Witkin holds numerous state, federal, and industry accreditations and certifications. Mr. Witkin sits on the City of Hope’s LA Real Estate Council, the Downtown Breakfast Club, AJU’s Real Estate Executive Council, and the Central City Association.
This seminar is sponsored by SullivanCurtisMonroe Insurance Services, and presented as a complimentary service to our clients and friends. It is for educational purposes only.