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Credits

Sponsored by Lorman Education
Product ID: 402117EAU
 
Credit & Course Provided by:

Property Redevelopment Due Diligence

OnDemand Webinar (89 minutes)

Understand how to navigate the due diligence process and avoid the pitfalls of property redevelopment.Conducting appropriate due diligence is essential in any land acquisition. Developers must comply with a myriad of Federal, State and local regulations, including zoning, wetlands and other environmental requirements. It is important to be aware of deed restrictions, conditions to prior approvals, or other factors limiting development potential. A buyer should be mindful of and sensitive to the expectations and desires of municipal officials and surrounding neighbors. It is also critical to identify up front what physical limitations exist on a parcel, such as subsurface environmental contamination, to avoid or minimize unexpected delays and cost overruns during construction. Assembling the right Development Team is key for conducting an effective review of a site's history and future development capability during due diligence - and prior to acquisition. The land acquisition contract ordinarily should be structured to allow for a meaningful due diligence review. This topic will address these and other issues, and provide practical and insightful suggestions to help all parties navigate the due diligence process.

Authors

Brad K. Schwartz, Esq., Zarin & Steinmetz David S. Steinmetz, Esq., Zarin & Steinmetz

Agenda

Land Acquisition Contract

  • Due Diligence Period
  • Approvals Contingency
  • Role of Seller and Purchaser

Review Records

  • Title Review
  • Surveys and Subdivision Plats
  • Zoning and Comprehensive Plan
  • Prior Approvals and Building Department Records

Walk the Land

  • Phase I/II Environmental Site Assessment
  • Other Field Investigations
  • Federal and State Data Bases

Pre-Application Considerations

  • Assembling the Development Team
  • Informal Meetings With Municipal Officials
  • Identify and Engage Neighbors/Opposition Groups

Case Illustrations

  • Regional Shopping Center
  • Mid-Size and Large Residential Subdivisions

Additional Formats

Audio & Reference ManualMore Info
MP3 DownloadMore Info