broker liability

Seller Allows Broker To Draft Environmental Condition and Then Loses Breach of Contract Case

Corporate and Real Estate Transactions, oil spills, Underground Storage Tanks /

Hager’s of Cohasset, Inc. v. Nelson, 2011Minn. App. Unpub. LEXIS 156 (Minn.Ct. App. Feb. 15, 2011) is yet another lesson from a long line of cases that illustrate the risks of not using counsel for commercial property transactions especially those have problematic environmental issues. In this case, the plaintiff operated a fuel-oil business. In October 2007, […]

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State Court Reduces Damages of Condo Purchaser Because It Failed To Conduct Environmental Investigation

Brownfields, Disclosure of Environmental Liabilities, Environmental Due Diligence /

In the wake of the Great Recession, many foreign investors are buying bulk quantities of condominium units at what they perceive to be distressed prices for projects located in certain gateway cities such as Miami and New York. Frequently, these condominium projects are developed on brownfield sites. In phased transactions where multiple buildings are constructed

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