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Home Buyers, Beware of Environmental Due Diligence

In a recent article appearing in the New Jersey Law Journal, we address the growing obligation for purchasers of residential real estate to conduct reasonable environmental investigations prior to closing on a new home.

Read the Article: Home Buyers Beware

Our attorneys frequently assist homeowners, real estate professionals and trusts that invest in residential and commercial property (REITs) with concerns that arise from environmental impacts, such as those from underground storage tanks containing heating oil or historic contamination from old manufacturing operations. A question presently before the residential real estate industry is whether it will adopt a standard for environmental due diligence.

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In The Media

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    Naples Daily News, September 16, 2015

    Wells Fargo filed a lawsuit Sept. 8 against an affiliate of CBL & Associates, the owners of the decadeold, 1.2 million-square-foot mall in south Fort Myers for a $190.9 million unpaid loan. The center has 94 stores on 204 acres, with such anchors as Super Target, Belk, Best Buy, Dick’s Sporting Goods, Marshalls and Costco...

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