2A — October 26 - November 8, 2012 — Mid Atlantic Real Estate Journal
www.marejournal.com
ABC Delware ................................................................. 29A ABC Eastern PA............................................................ 29A Advantage........................................................................6D Aldo Design Group .......................................................... 8A AmeriBid.......................................................................... 5A Auctioneer Directory ....................................................... 4A Bennett Williams.................................................IBC-A, 2B Bohler Engineer .............................................................. 8B BPG Properties................................................................ 3A Business Card Directory ............................................... 31A Cenova .........................................................................FC-B Citizens ........................................................................BC-A Cooper Roofing................................................................. 9A CREW PHILAdelphia ...................................................15D Crystal Window & Door Systems, Ltd. ........................ 22A D. F. Pray ....................................................... Back Cover B DePaul Group ............................................................ IBC-D Earth Engineering .......................................................... 7B ENCORE Construction ................................................... 9B FL&B ...............................................................................2D FOWLER ....................................................................... 27A Gebroe-Hammer ..............................................................7D GeoStructures................................................................ 12B Gilbeaux Associates, PC................................................ 25A GREATER Reading Economic Partnership ...................1D Haftek CWS................................................................... 12A Hinerfeld.................................................................... IBC-A Hutchinson .................................................................... 21A HAWLEY .......................................................................13D IREM.............................................................................. 15A Joseph P Gilroy RE ................................................... IBC-A JOTTAN Inc................................................................... 17A JRS Architect, PC.......................................................... 11B K&W ................................................................................3D Kaplin | Stewart ...................................................... 2A, 7B Landcore .......................................................................... 3B M. Miller & Son ............................................................... 3A Marcus & Millichap......................................................... 2B Martin Architectural ....................................................... 6B McMahon Transportation Engineers & Planners ......... 7B Meridian Capital ........................................................... 11D Metro Commercial........................................................... 7B MGKF .............................................................................. 8B MORRISSEY Design, LLC ........................................... 10B NAI CIR ...........................................................................4D Nave Newell .................................................................. 12B NJ Paving ...................................................................... 10A PennCap Properties ................................................... BC-D Poskanzer Skott Architects........................................... 11A ProExpos.......................................................................... 1A PROGRESSIVE REALTY............................................IC-D RCX Building Diagnostics ............................................ 23A RD Management ........................................................IC-1B Retail Brokerage Directory........................................... 16B River Drive Construction.............................................. 16A ROCK............................................................................... 2B Roseland ........................................................................12D Royer Cooper Cohen Braunfeld LLC............................ 20A SaulEwing, LLP ............................................................ 13B SHAH Electric & Builder.............................................. 10A Sheldon Good & Company .............................................. 5A SUBWAY..............................................................IBC-A, 3B The Kislak Company.......................................................5D THESING Companies.......................................... 13A, 10D TRAIMAN........................................................................ 5A Tranzon Auction .............................................................. 5A Vantage Landscaping...................................................... 8A Vantage Services ........................................................... 12A Withum + Smith..............................................................8D The Dietrick Group .........................................................9D MAREJ A DVERTISERS D IRECTORY
Mid Atlantic R eal e state J ouRnal Publisher ............................................................................Linda Christman Co-Publisher .........................................................................Joe Christman Section Publisher ..............................................................Michael Campisi Section Publisher ................................................................Elaine Fanning Section Publisher ............................................................... Kevin MacLean Senior Editor/Graphic Artist ................................................ Karen Vachon Graphic Artist/Social Media Specialist ............................ Rachel Rugman Office Manager ...................................................................Joanne Gavaza Editorial Consultant ............................................................. Ben Summers Contributing Columnist ..................................................... Joseph Langan Mid Atlantic R eal e state J ouRnal ~ Published Semi-Monthly P.O. Box 26 Accord, MA 02018 (Mail) 312 Market Street, Rockland, MA 02370 (Overnight) Periodicals postage paid at Rockland, Massachusetts and additional mailing offices Postmaster send address change to: Mid Atlantic Real Estate Journal, P.O. Box 26, Accord, MA 02018 USPS #22-358 | Vol. 24 Issue 20 Subscription rates: $99 - one year, $198 - two years, $4 - single copy REPORT AN ERROR IMMEDIATELY MARE Journal will not be responsible for more than one incorrect insertion Toll-Free: (800) 584-1062 | MA: (781) 871-5298 | Fax: (781) 871-5299 www.marejournal.com The views expressed by contributing columnists are not necessarily representative of the Mid Atlantic Real Estate Journal
Mid Atlantic Real Estate Journal
By Joseph Langan lSRP: Helping to expedite environmental Cleanups
L
ast year, River Drive Construction, along with a partner, bought
a 1.4-acre property with a 10,000 s/f industrial building in Montvale, NJ, that was contaminated with pesticides from its former use as an apple orchard. Previously, no one hadwanted to buy it because of the length of time required under the NJ Department of Environmental Protection (DEP) for the clean- up process. But as the result of a new privatized environmental cleanup program, the Licensed Site Remediation Professional (LSRP) Program, River Drive was able to remove 700 tons of contaminated soil and resell the property within the space of 90 days. The result: a vacant, under- utilized property was returned to productive use (it was pur- chased by the business next door), the municipality reaped increased tax revenues as a result of the improvements, the
business that purchased the property was able to add to its employment rolls and environ- mental contaminants with pos- sible harmful effects to public health and to the environment were remediated. Moreover, all of this was ac- complished in months rather than years and at less expense than under the old system. (Full disclosure: yet another benefit of the program is that it allows entrepreneurially minded companies such as River Drive Construction and our partner, First Evergreen
Properties, to make a profit.) Although the property in Montvale was small, with relatively minor levels of con- tamination, its cleanup is indicative of what is happen- ing all over New Jersey as the innovative LSRP program, which has been phased in over the past three years, comes fully online. The program, which was established under the Site Remediation Reform Act of 2009, took full effect as of May 7. Under the LSRP program, continued on page A
Contact: Neil A. SteiN (ARVEST $RIVE "LUE "ELL 0! s s www.kaplaw.com Other Offices: s #HERRY (ILL .* s 0HILADELPHIA 0! Kaplin Stewart A t t o r n e y s a t L aw 'ETTING YOU THROUGH THE MAZE OF REAL ESTATE LAW Strategy. Skill. Success.
Contact: GEORGE BROSEMA
To advertise, call 1-800-584-1062
KS Ad 6x5.5 Maze.indd 1
10/9/12 9:53 AM
Made with FlippingBook - Online Brochure Maker