RT ECP: Commercial Real Estate

September 1, 2010

Downtown hotel evacuated after carbon monoxide scare

Acknowledgement to Ironshore Environmental By Brian R. Ballou, Globe Staff, and Michaela Stanelun, Globe Correspondent The Boston Globe Elevated levels of carbon monoxide forced the evacuation today of the Liberty Hotel, sending hundreds of workers, guests and two monkeys and a pet crow out onto Charles Street. When the owner of the crow named “Shaft” […]

August 31, 2010

Developer Faces Mold Suit

Acknowledgement to Ironshore Environmental BY DOUGLAS HANKS III dhanks@herald.com The developer of Miami’s mammoth Four Seasons tower is facing millions of dollars in lawsuits over a mold outbreak at a similar high-end condominium complex in Washington, D.C. Millennium Partners is wrapping up an extensive clean-up and relocation effort at its new Ritz-Carlton project in Washington, […]

August 31, 2010

Hilton Hawaii to Pay Damages Over Hotel Mold

Acknowledgement to Ironshore Environmental A Hawaii judge approved a $1.8 million class action settlement, which would provide compensation to Hilton Hawaiian Village guests who were exposed to toxic mold in Kalia Tower Guest Rooms in June and July of 2002. According to the class action toxic mold claim, the hotel was aware of the mold’s […]

August 16, 2010

Elevator Explosion Releases PCBs

Acknowledgement to XL Environmental THE CLAIM An XL insured purchased a Pollution and Remediation Legal Liability Policy for a real estate portfolio comprised of commercial sites. At one insured location, there was an incident involving a mechanical failure in the control cabinet of an elevator car. The mechanical failure of the elevator car caused a capacitor […]

August 16, 2010

Trichloroethylene Discovered in Soil and Groundwater

Acknowledgement to XL Environmental THE CLAIM An XL insured entered into a transaction to sell an office building to a developer. The property was previously used as a newspaper/printing operation. As the potential buyer of the property, the developer had environmental studies done on the property. During the studies, trichloroethylene (TCE) was discovered in the soil […]

July 26, 2010

Class Action Lawsuit for TCE Contamination

An XL insured purchased a property formerly used as an independent testing facility for a wide range of aerospace, military and commercial purposes. The insured’s intention was to re-sell the property to a developer for residential housing. Litigation was filed by more than 90 nearby residents claiming bodily injury and property damage as a result […]

July 23, 2010

Insurance Agency Owners on Hook for Old Oil Spill

The owners of a small insurance agency in Odgensburg, New York are being sued for the $374,000 cleanup of their office property, a former gas station. After routine construction excavation revealed oil contamination on the property, several 55-gallon drums were found on the site. The property was remediated in 2006, and per New York state […]

July 22, 2010

Energy Company Fined $175,000 After Spill

A pair of energy companies in New Hampshire are on the hook for over $175,000 in EPA fines after diesel fuel from their gas station leaked into a nearby river earlier this year. Due to a broken leak detection system, the spill was not reported until neighboring businesses noticed a strong fuel smell three days […]

July 22, 2010

Plaintiffs Settle Gas Spill Suit

Some of over 1,000 Pennsylvania plaintiffs recently settled an 8-year old lawsuit after claiming that they became sick following a gasoline spill in Hazleton. The plaintiffs claimed that fuel leaks from a former service station entered the ground resulting in cancer and other diseases among the residents.

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