Multiple real estate transactions involving contaminated property
Bullivant Houser Bailey has represented buyers and sellers in many real estate transactions involving contaminated property. Generally, the issues have included quantifying risk to make a sell/buy decision based on economic factors. Properties have included former dry cleaning sites, former gas stations, former auto repair shops, agricultural areas with pesticide/herbicide issues, and other sites with contamination from historical operations. Often our work on these site includes evaluating and/or obtaining regulatory closure, for example thru the Voluntary Cleanup program and NFA determinations.