The proximity of some brownfields – typically former industrial sites or other contaminated properties – to business centers and transportation networks can make them prime targets for redevelopment, but the need for environmental remediation can be daunting. Additionally, new government and community priorities, regulations and incentives regarding sustainability are likely on the horizon. This will […]
Low industrial vacancy rates and high rents, combined with a limited supply of undeveloped land in the Southern California market, are leading more developers to turn to conversion and redevelopment to meet record demand for industrial space. Zac Sakowski, senior managing director at JLL, and Jake Smith, vice president of leasing and development at Duke […]
At first glance, the $1.5 billion specifically earmarked for brownfield cleanup and a total of $21 billion set aside for environmental remediation in the $1 trillion Infrastructure Investment and Jobs Act (H.R. 3684) may seem paltry, given that there are an estimated 450,000 brownfield sites identified by the Environmental Protection Agency (EPA) in the U.S. […]
