How to Sell Environmentally Impaired Distressed Properties in a Declining Economy
Bloomberg Law Reports–Environmental Law
November 14, 2008
The article discusses legal and practical issues involved with the sale of an environmentally contaminated property and how real estate sellers can effectively manage transactional risks while staying competitive amid the current state of the economy. It addressed marketing strategies such as the "carve out" approach and the "as-is, where-is" offer. The article also examined due diligence reviews, "brownfield" incentives and allocating environmental risks.