Environmental Liability in Commercial Real Estate Transactions



  • Available Until 11/19/2023
  • Next Class Time 11:00 AM MT
  • Duration 60 min.
  • Format MP3 Download
  • Program Code 11162021
  • MCLE Credits 1 hour(s)

Course Price: $89.00


Environmental liability is one the biggest risks in acquiring and/or developing commercial real estate. When environmental risk is not accurately assessed, allocated and/or hedged, the parties to the deal are exposed to very substantial financial liability and the fundamental economics of the deal are jeopardized.  This program will provide you a practical guide to developments in environmental diligence in real estate deals, allocating or hedging the risk, and post-closing concerns. 


  • Sources of environmental liability under federal law
  • Assessing risk: Estimating liabilities and incorporating findings into deal documents
  • Developments in affirmative defenses
  • Contractual allocation of liability
  • Uses of environmental insurance
  • Post-closing concerns




Anthony Licata is a partner in the Chicago office of Taft Stettinius & Hollister LLP, where he formerly chaired the firm’s real estate practice.  He has an extensive practice focusing on major commercial real estate transactions, including finance, development, leasing, and land use.  He formerly served as an adjunct professor at the Kellogg Graduate School of Management at Northwestern University and at the Illinois Institute of Technology.  Mr. Licata received his B.S., summa cum laude, from MacMurray College and his J.D., cum laude, from Harvard Law School.