Did You Know? Coal Ash Ponds Found to Leak Toxic Materials

The environmentally detrimental effects of coal ash are not new; however, recent studies are shedding further light on the impact of unlined coal ash ponds to the environment. You should make sure that your consultant is doing their historical due diligence and checking that these types of facilities aren't near your property. Nova's ESA Group National Practice Leader reviews a recent article on the subject. Studies by Duke University at 21 power plants in five southeastern US states have shown toxic heavy ... Read more

ASTM Update on New Seismic Requirements

The American Society of the International Association for Testing and Materials (ASTM) has recently adopted new standards for seismic risk assessments. The old standards, ASTM E2026-07: Standard Guide for Seismic Risk Assessment of Buildings and ASTM E2557-07: Standard Practice for Probable Maximum Loss (PML) Evaluations for Earthquake Due-Diligence Assessments, have been replaced with ASTM E2026-16a: Standard Guide for Seismic Risk Assessment of Buildings (“Guide”) and E2557-16a: Standard Practice for Probable Maximum Loss (PML) Evaluations for Earthquake Due-Diligence Assessments (“Practice”). The new ... Read more

The Importance of Considering Dew Point When Increasing Insulation in Existing Buildings

Many of Nova’s clients seek our help in retrofitting existing buildings, with the goal of reducing utility expenses. Often, we are asked to evaluate the impact of additional insulation on an exterior wall. This is a tricky subject to navigate and depends on a variety of factors. In International Energy Conservation Code (IECC) Zones 5 and higher, retrofitting an exterior wall with additional insulation carries a risk of moving the dew point within the wall. This can create a condition in which ... Read more

Environmental Compliance Reviews

An environmental compliance review evaluates the operations and equipment at a property, determines the applicable environmental requirements, identifies where gaps exist, and presents a pathway to compliance. Compliance gaps may be caused by many factors, including acquisition of new operations, the continuous development of new environmental regulations, facility growth or expansion, and personnel changes resulting in loss of inherent knowledge. The above operations and equipment may trigger air permit requirements, EPA NESHAP requirements, water discharge permitting, spill plan development, waste disposal management ... Read more

Team Building and Community Service Come Together at Nova

Nova is committed to corporate giving and community service. Last month, the Administrative team (Accounting, Associate Management, Human Resources, and Recruiting) in Chaska, MN, decided to organize a fundraising activity for local charities as their team building event. The team chose to brew and bottle a couple of fun specialty beers at a local brewery, Vine Park Brewery in St. Paul, MN. “Our hope was that people would be interested in making a monetary donation in support of our selected charities in ... Read more

New to the Nova Team – July 2016

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Byron Nelson Golf Tournament

On Friday, May 20, Nova hosted guests at our signature suite overlooking the 17th green at the Byron Nelson Golf Tournament. The event was hosted by the TPC Four Seasons Resort in Irving, Texas. . Read more

Lien Laws and Avoiding Construction Delays

Money flows on a construction project, from lender to borrower to general contractor to subcontractor and supplier—that’s a lot of changing hands, and that means risk. This is why our lending clients often ask for advice on the specifics of lien laws and lien waivers. For those active in construction lending, one version or another of a lien waiver document likely crosses your computer screen at least once a day. These files are a lot like receipts—receipts which state that, in ... Read more

A UK “Brexit” and the Commercial Real Estate Market

You’ve likely recently heard the term “Brexit”—in the news, on the radio, in conversation—but do you know what it is? In short, on June 23, 2016, the United Kingdom is holding a referendum to determine if there should be a British exit (nicknamed “Brexit”) from the European Union. If adopted, the UK would leave the 28-member coalition government in Brussels, in favor of more economic and political autonomy. This is a highly controversial move, akin to Texas voting to leave the US, ... Read more

New to the Nova Team – May 2016

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