Commercial real estate transactions are not limited to drafting a purchase agreement and signing a sales contract with sellers and purchasers. Profitable and legal use of real estate includes numerous players in several venues. Any of these actors may stop progress on a commercial venture or even stop it from beginning.
The mere consideration of a real estate purchase necessitates financing. Besides commercial lenders, numerous government agencies provide grants, low interest loans, mortgages and tax abatements when certain requirements are met. Lenders, government officials, accountants and community officials may be players in this aspect of the transaction.
Use and renovation of property relates to zoning laws, building codes and historical preservation requirements. Actors include building code officials, zoning boards, contractors, boards of appeals and historical preservation activists.
In addition to dealing with government and community officials, numerous private businesses are involved in a successful commercial venture. Negotiations may often be confrontational or complex, with real estate agents and construction contractors to help assure that a deal or project is successfully completed. Adjoining property owners or even a former owner can limit the use of the real estate in certain circumstances.
For over 75 years, Dunlap & Seeger has represented businesses relocating or growing in Rochester, Minnesota. From drafting documents to litigating a case, we do our best to help a project grow and succeed. We are familiar with the players in commercial real estate and the numerous laws involved in this field. Please visit our Commercial real estate and development webpage to learn about the services that we can provide to our clients.