How to Avoid Due Diligence Roadblocks

TORRANCE, CA—Any number of roadblocks can send a commercial property sale off course, but environmental issues need not be among them, according to experts from Partner Engineering & Science, Inc. “In hot markets, it’s not just the best assets trading hands,” said Frank S. Romeo, Jr.,  principal and regional operations manager with the Torrance, CA-based environmental and engineering consulting firm. “People are increasingly looking at B and C properties, where environmental, structural, health and safety issues may be intensified. For properties in any condition, there are several issues that come up during due diligence that can make or break a deal.”

And although it’s never fun to have issues arise, not all are deal-breakers, said Romeo’s colleague Jenny Redlin, principal with Partner Engineering. How you and your consultant approach the problem can have a big impact on the success of a deal, she said.