Petroleum Vapor Intrusion: What you need to know

This white paper was created by Nova Consulting Group, Inc. (Nova), for environmental due diligence users and environmental risk managers as a tool to assess petroleum vapor intrusion (PVI) risk to buildings that overlie or are near petroleum-contaminated soil and/or groundwater. In June 2015, the EPA produced a document titled Technical Guide For Addressing Petroleum Vapor Intrusion At Leaking Underground Storage Tank Sites (EPA PVI Guide – EPA 510-R). This document states that  “in contrast to chlorinated solvents, petroleum hydrocarbons generally biodegrade ... Read more

Eighteen New Team Members!

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New to the Nova Team!

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Red Flags That Can Impact Your Real Estate Deal

Nova works directly with banks and real estate investors to provide Environmental Site Assessments, Property Condition Assessments, and Seismic Reports that meet their needs during an acquisition or sale or to satisfy agency regulations. It is our goal to provide our clients with a dedicated deal team that works closely with all parties to help the due diligence process go smoothly. However, properties have a history, and it is our job to uncover that history so that there are no (expensive) ... Read more

Hearing Loss Continues Despite Prevention Efforts

Hearing protection should happen off the job as well as on the job Despite efforts by industrial companies to protect workers against hearing loss, agencies that collect data on occupational hearing protection are seeing a continuing rise in the number of people sustaining hearing loss—and at a much younger age. The problem is not just amplitude (how loud) but also frequency (how often). When the Walkman portable audio cassette player was introduced by Sony in the mid-1980s, I was working with a plant ... Read more

The Benefits of Building Operator Manuals and Training

For Nova’s Energy Efficiency Division, experience has shown that thorough documentation and staff training on new HVAC equipment is critical to achieving and maintaining savings. We strongly recommend this service to owners of new major equipment systems. A major non-profit owner/operator of affordable multifamily housing commissioned through Nova the installation of 13 new boilers and associated controls and distribution. Following the site investigation and corrective action phase, the owner engaged Nova to create a building operator manual. The manual details critical operational ... Read more

New Freddie Mac PCR Requirements Released

In Nova’s March newsletter, Greg Murphy, Vice President of Nova’s Capital Markets Group, commented on the recent changes at Fannie Mae and Freddie Mac.  Since that time, the new Freddie Mac PCR requirements (Freddie Mac Multifamily Seller/Servicer Guide, Chapter 14) were released on April 30th, 2015.  Of significance are a new repair category, revisions to electrical system requirements, and a new Form 1105. These are further discussed below. New Priority Repair Category A new category of Priority Repair was introduced, PR-90.  Any Priority ... Read more

Nova Announces the Addition of a New Chief Operations Officer

Nova is pleased to announce the addition of Robert Hird to our senior leadership team as the new chief operations officer for the company. Robert has stepped into the role that was until recently held by Tom Warn.  Due to the growth and success of Nova’s equity markets support services, Tom has shifted his focus and leadership skills to the role as senior vice president of our Equity Markets Group.  Tom will be responsible for organizing and growing the equity line ... Read more

Wind Map Download

In order to help our clients determine the design wind load for a particular property, Nova has created a wind load map (see link to wind map). The map is based on the ASCE 7-05 Basic Wind Speed maps of the United States. Currently the ASCE 7-05 wind maps are adopted as part of most current building codes. A newer version of the map, ASCE 7-10, has not yet been adopted as part of the current building codes. The colored areas of ... Read more

Seismic Map Download

In order to help our clients determine if a seismic evaluation is required for a particular property, Nova has created a seismic map (see link to seismic maps).  The map is based on the USGS Seismic Zone Map of the United States.  Typically, properties that fall within the seismic map zones 3 and 4 require a seismic evaluation to determine if seismic insurance is required. Currently the ASTM subcommittee E06.25 WK 41335 is charged with updating the standard.  It has completed its ... Read more
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