Courtesy of: Matthew Fontanesi, Structural Engineer, AEI Consultants Last night’s seismic event in the Eastern Bay Area portion of California was a small-moderate earthquake. Perhaps it felt big—bumps in the night are unsettling and the surge of adrenaline heightens your experience and the memory of the event in a way that trucks rumbling past the office won’t capture. Most people will conclude that an earthquake was big or small based on the Magnitude. People can recite that a M7.0 is 1000x ... [Continue Reading]
AEI Educates MBA Multifamily Attendees on Environmental and Physical Risk
Underwriters in the Multifamily Commercial Real Estate sector, including U.S. Department of Housing and Urban Development (HUD), Fannie Mae, and Freddie Mac, are tasked with assessing a variety of components when evaluating risk in multifamily commercial real estate transactions. Among the most important factors that must be considered are physical risk and environmental impacts. Environmental contamination at the site of a multifamily development (or at adjacent sites) can have serious impacts ... [Continue Reading]
How Blockchain Could Change the Real Estate Investment Landscape
An increasing number of countries have begun the process of implementing functional and legal frameworks to regulate blockchain-recorded tokens over the past several months, which has led to increasing exploration of these technologies across many investment sectors. Further, the use of distributed ledger technology (DLT) is a powerful disruptor at the transactional level, where significant disintermediation is occurring — especially with one of the most popular alternative investments: ... [Continue Reading]
Lead-Based Paint Regulations Changes in Tennessee
Effective March 25, 2019, a 15-Day notification (previously 2-Days) has to be submitted to the Tennessee Department of Environment & Conservation (TDEC) prior to all Inspections/Risk Assessments/Clearances and All Lead Abatement Activities (Removal, Replacement, Encapsulation and Enclosure). Note: Notification requirement is 15 "calendar days" not "working days." The Notification of Lead-Based Paint Activity form is a critical component that allows program administrators ... [Continue Reading]
Lean and Green – December 2018
From SoCal Real Estate’s December 2018 issue:Construction costs from the environmental perspective Concern for the environment has become a necessary element of any real estate project, and the construction sector is most definitely in the thick of this concern. Balancing environmental issues with cost control in construction can be tricky, particularly in an industry where time is money and delays from environmental rules and legislation are plentiful. Robert Traylor, PG, CHg, ... [Continue Reading]
AEI Launches New Charitable Initiative
As the spirit of giving fills the air, AEI is proud to lend its support to several incredible charitable organizations this holiday season. The firm has announced that it will contribute end-of-year donations to five organizations, each of which is aligned with the company’s core values. “Devoting a portion of AEI’s profits to support organizations that align with our values is a primary element in our overall strategic plan,” says AEI CEO Holly Neber. “We are committed to making a ... [Continue Reading]
AEI Team Pursues Passions & Gives Back With 3rd Annual Culture Project
As part of its ongoing focus to support the personal and professional development of each team member, AEI Consultants has launched its 2019 Culture Project – a company-wide initiative that gives each member of the employee-owned firm the opportunity to donate time and energy to people in need throughout the globe. “Our annual Culture Project has been a tremendous success in giving our team the opportunity to recharge, enjoy their passions, and bring a piece of who they are back to the ... [Continue Reading]
2019 Multifamily Lending Caps Announced
Source: mf.freddiemac.com The Federal Housing Finance Agency (FHFA) recently announced the 2019 multifamily lending cap will remain at $35 billion. Loans in certain affordable and underserved markets continue to be excluded from the cap. The Federal Housing Finance Agency (FHFA) recently announced the 2019 multifamily lending cap will remain at $35 billion. As in prior years, FHFA will review its estimates of the multifamily loan origination market size on a quarterly basis and may ... [Continue Reading]
EPA Opens $50M+ 2019 Brownfield Competition for Multipurpose, Assessment, and Cleanup Grants
Source: Brownfieldslisting.com Over 100 grants and $50 million in brownfield grant funding is expected to be awarded in the next round of EPA's storied and successful real estate redevelopment program. Today, November 28, 2018, the U.S. Environmental Protection Agency (EPA) released a new Request for Proposals & Application Guidelines to officially open the FY 2019 Brownfields Multipurpose, Assessment, and Cleanup Grant competition. Grants offered by the Brownfields Program may be used ... [Continue Reading]
NEEDDA Publishes User Guide for PCAs
AEI is pleased to share the recently published User Guide for Property Condition Assessments (PCAs). The User Guide was created by a committee of industry experts from the National Engineering and Environmental Due Diligence Association (NEEDDA) and is intended to serve as a resource to the community of clients who utilize PCAs but may not have access to the ASTM standard. The Guide outlines client responsibilities, fundamental principles of the ASTM standard, limitations and out of scope ... [Continue Reading]
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