Tag: real property acquisition
Getting It Under Control: Acquiring Property for Redevelopment (Part 2)
In the previous post of this two-part series, we discussed how a purchase agreement with an extended due diligence period could be used to obtain site control of properties with redevelopment potential. We also discussed the specific negotiable terms of assignability, due diligence, earnest money, a … Continued
Getting It Under Control: Acquiring Property for Redevelopment (Part 1)
Local governments in North Carolina that seek to shape or spur downtown development must often gain site control of properties that have strong redevelopment potential. Frequently, a site with strong potential is privately owned, and a savvy local government will first need to obtain site control be … Continued
Acquiring real property for redevelopment—can local governments keep it confidential?
The town of Renewville wants to improve the look of its downtown Main Street, which is pocked with poorly-maintained commercial buildings. The Mayor has had his eye on a few key properties on Main Street, which, if redeveloped, would transform the look and feel of downtown, perhaps spurring addition … Continued