| On March 27, 2009, Partner Engineering and Science
closed on an Asset Purchase Agreement with LandAmerica Assessment
Corporation ("LAC") to purchase the assets of LAC. Partner
announced the acquisition in a press release issued on March 30. For new orders, on-going reports or completed reports call Partner at 800-419-4923.
In addition to digital assets, existing environmental reports and
LAC's "best-in-industry" software systems, Partner purchased
outstanding LAC accounts receivable. Customers should direct
payments to LandAmerica Assessment Corporation, c/o Partner Engineering
and Science, 2101 Rosecrans Avenue, Suite 4270, El Segundo, California
90245, Phone: 800-419-4923. |
Understanding the condition of a structure, as well as the major
building systems and components, can be critical to determining the
economic viability of a commercial real estate transaction. LandAmerica
Assessment Corporation (LAC) has extensive resources including licensed
engineers, registered architects, construction experts, and cost
analysts to accurately assess the condition of a property and its
systems. Our services include:
Property Acquisition Assessment
Due to the
complexity and/or age of some properties, a more comprehensive
assessment of some or all building systems may be in order. LAC can
mobilize a team of construction professionals and other
specialists to inspect a building. The assessment will identify,
locate, and quantify significant defects, deferred maintenance,
required upgrades, and obvious code violations at the property.
LAC provides experts in the following areas:
- Structural and building envelope integrity
- HVAC and other mechanical and electrical systems
- Fire and life safety provisions
- Architectural features and systems
- Zoning and building code compliance
- ADA Audit
- Site work, paving, landscaping, and utilities
Property Condition Assessment
LAC’s Property
Condition Assessments are based on a site visit where external and
internal building components, department records, and drawings are
evaluated. The assessment also includes interviews with property
managers and engineers. Replacement repair cost estimates are
based on the physical condition of the components, their ages, expected
useful life, significant defects, and deficiencies.
Seismic Analysis (Probable Maximum Loss)
LAC
specializes in conducting probabilistic studies of the expected loss to
buildings from damage associated with earthquakes and are used to
characterize the earthquake vulnerability of buildings. The reports
assess the probable and scenario loss potential. They are intended to
allow the user to satisfy a critical part of the transactional due
diligence requirements with respect to assessing a properties’
potential for building losses associated with earthquakes.