Real Estate Transactions &
Brownfield Redevelopment Projects
Federal
law defines a "Brownfield site" as "real property, the
expansion, redevelopment, or reuse of which may be
complicated by the presence or potential presence of a
hazardous substance, pollutant or contaminant."
Brownfields are generally abandoned, idled or under-used
industrial or commercial facilities, where prior
operations or activities may have involved the use,
manufacture or disposal of chemicals, metal or petroleum
substances. They can be former gas stations, dry
cleaners, auto body shops or mining sites.
Since the enactment of the Brownfields Amendments to the
federal Superfund law in 2002, Ms. Mangone has been
working, first at EPA and then in the private sector, to
ensure that property owners understand how to qualify
for and maintain the liability exemptions of the new law
by complying with EPA's "All Appropriate Inquiries"
Rule.
Ms.
Mangone has negotiated numerous Prospective Purchaser
Agreements and obtained "Comfort Letters" for parties
seeking to purchase properties within or adjacent to
CERCLA sites. She has worked with public and private
lenders to address their liability concerns for
properties located within Superfund study areas and was
instrumental in the development of EPA's Lender
Liability Rule and Residential Homeowner Policy. Nancy
now counsels lenders, real estate developers and
municipalities on the acquisition of the properties with
environmental concerns, advises them on how to minimize
their potential liabilities, and helps them comply with
any land use restrictions or controls left in place
after a remedial action has been completed. She also
assists clients in obtaining access, easements,
rights-of-way and indemnification agreements and
environmental permits.
Federal
law defines a "Brownfield site" as "real property, the
expansion, redevelopment, or reuse of which may be
complicated by the presence or potential presence of a
hazardous substance, pollutant or contaminant."
Brownfields are generally abandoned, idled or under-used
industrial or commercial facilities, where prior
operations or activities may have involved the use,
manufacture or disposal of chemicals, metal or petroleum
substances. They can be former gas stations, dry
cleaners, auto body shops or mining sites.
Ms.
Mangone has negotiated numerous Prospective Purchaser
Agreements and obtained "Comfort Letters" for parties
seeking to purchase properties within or adjacent to
CERCLA sites. She has worked with public and private
lenders to address their liability concerns for
properties located within Superfund study areas and was
instrumental in the development of EPA's Lender
Liability Rule and Residential Homeowner Policy. Nancy
now counsels lenders, real estate developers and
municipalities on the acquisition of the properties with
environmental concerns, advises them on how to minimize
their potential liabilities, and helps them comply with
any land use restrictions or controls left in place
after a remedial action has been completed. She also
assists clients in obtaining access, easements,
rights-of-way and indemnification agreements and
environmental permits.