John McGahren and John Corbett, a partner and of counsel, respectively, in the firm’s New Jersey office, co-authored an article on June 7, 2010, in New Jersey Law Journal, about important developments in the rapidly evolving field of vapor intrusion.
Vapor intrusion is the potential for volatile organic compound or petroleum vapors to travel into building interiors from groundwater or subsurface soils. The New Jersey Department of Environmental Protection and the U.S. Environmental Protection Agency appear ready to take further action on guidance for vapor intrusion. This spring, ASTM International announced a major revision to its screening tool for vapor intrusion in real estate transactions, according to the article.
Mr. McGahren and Mr. Corbett advise New Jersey property owners, developers, manufacturers, lenders and insurers to stay well informed about vapor intrusion regulations and guidance. The expected actions by various departments and agencies on vapor intrusion signal that regulations and guidance will only intensify in the coming years. Real estate professionals are encouraged to anticipate and prepare for future action in order to implement changes and strategies before new regulations occur.