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TORRANCE, CA-Three consecutive quarters of growth in Phase I Environmental Site Assessments have been noted by Environmental Data Resources Inc., a recognized industry market monitor and information-services firm. The growth continues to signal recovering property markets, since Phase I ESAs are a leading indicator of the national commercial real estate lending outlook.

In third-quarter 2012, Phase I ESA volume rose 6% year-over-year, from 48,826 in third-quarter 2011 to 51,675 this quarter. Year-to-date, 156,292 Phase I ESAs were performed in the US, up 10% from the first nine months of 2011. The assessments are done as due diligence prior to most commercial real estate transactions and financing, so ESA providers and market monitors have a unique “boots-on-the-ground” perspective on the CRE market.

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