Great article by Wall Street Journal writer, Keiko Morris, regarding the keen interest in contaminated sites. Many of my clients believe that contaminated sites, or “Brownfields” sites, offer great value because of their location to highways, airports, and ports. These companies and individuals look to environmental attorneys (like me) for counselling on how best to assess and manage the risks involved in buying such properties. Given the current commercial/industrial real estate market in NYC, for example, many “Brownfield” sites in New Jersey offer excellent value and easy access to NYC.
See the WSJ article: