Notes from Lake Minnetonka
For those of you who are Seinfeld fans, I say to you, “The sea was angry that day, my friends….”
I started to write this as a humorous account of Nova’s very own three-hour-tour on Lake Minnetonka on June 11, 2018, but as I kept thinking about it, it morphed into something else. First a bit about me, which you may or may not know: I was a yacht master for seven years, with over 100,000 nautical miles to ...
Improper Handling of Asbestos can be a Costly Mistake for Owners
Asbestos, once a common substance used in American construction because of its versatility and affordability, becomes toxic when it ages or is disturbed. Inhalation or ingestion of the fibers is a known cause of mesothelioma and lung cancer. In 1971, asbestos was declared a hazardous pollutant by the Environmental Protection Agency (EPA), and federal safety regulations and the Clean Air Act contain rules and specific regulations for removal of asbestos-containing materials ...
EPA's 2015 Underground Storage Tank Regulations Compliance Deadline Is October 2018
New Underground Storage Tank (UST) regulations may soon apply to USTs in your state. In some states, new regulations impacting the way USTs are installed and managed are already in effect.
On July 15, 2015, the EPA published new 2015 UST regulations that strengthened existing 1988 UST regulations. The new regulations increased emphasis on properly operating and maintaining UST equipment to prevent and detect UST releases—a leading source of groundwater contamination in ...
Introducing Our New Partnership With Quire
As we move into the new year, Nova remains committed to continually improving our services to our clients. We recognize that the global real estate industry is evolving and that we must learn to utilize today's technology for higher quality reports on the faster delivery schedules with which we are often faced. After extensive research, Nova has decided to team with Quire, a state-of-the-art report authoring software platform. This partnership will enhance Nova's report writing and ...
It's A Good Time To Be Green
Green Financing for Multifamily Housing
For just over a year, the Fannie Mae Green Rewards and Freddie Mac Green Advantage programs have been running at full speed. Both programs offer attractive benefits, in the form of pricing discounts and underwriting of cost savings, to borrowers looking to purchase or refinance a multifamily property. Borrowers are incentivized to make energy- and water-saving improvements to their properties, and the benefit is multifaceted. Borrowers both save money over the ...
A Look Into A Vapor Mitigation Project
Nova Consulting Group, Inc., provided a potential property buyer in Boise, Idaho, with Phase I environmental due diligence services in August 2017. This led to a discovery that the property had used a Perchloroethylene (Perc) machine for spot-cleaning rugs for the past 40 years. The machine was still on site.
The owner of the property (with the original client’s permission) then hired Nova to do a Phase II investigation that measured sub-slab vapor and indoor air ...
Construction Services Group Case Study: Arrivé Tower
Nova Consulting’s Veteran Construction Services Group Streamlines Management Of 41-Story, $225 Million Skyscraper Project
Nova’s Construction Services Group performed an upfront Construction Document Review before assuming responsibility of both construction loan monitoring and servicer reporting. This dual role has provided the clients a more holistic view of hard and soft costs associated with the construction of Arrivé Tower in Seattle.
Nova has drawn on its deep experience to provide a comprehensive view of project expenses by reporting ...
Recent Employee Promotions
New To The Nova Team