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About the Teleseminar
This program will cover the most important elements of purchase and sale agreements for commercial real estate transactions and important steps in the process. Letters of intent, including the practical level of detail they should or should not contain, will be discussed in relationship to preparing for and conducting due diligence. Multi-faceted elements of diligence will be discussed, including title and survey reviews, financial diligence on the buyer, and physical inspections. Finance will be discussed from the perspective of contingencies, special sale structures, and the unique elements of buying bank-owned or financially distressed properties. The program will also provide a detailed discussion of drafting various categories of reps and warranties and closing conditions. This program will provide you a real-world guide to drafting the most important components of commercial real estate purchase and sale agreements and managing the most important steps in the process.
Day 1 – June 25, 2014:
- Drafting most important elements of commercial real estate purchase and sale agreements and managing the process
- Letter of intents – components, level detail v. legal effect, implicit duties of good faith and fair dealing, relationship to diligence period
- Due diligence – title and survey review, environmental and physical diligence of property, financial review, and timeframes
- Finance considerations – types of financing, contingencies, and seller financing issues
About the Speakers
Richard R. Goldberg is a retired partner, resident in the Philadelphia office of Ballard Spahr, LLP, where he established an extensive real estate practice, including development, financing, leasing, and acquisition. Earlier in his career, he served as vice president and associate general counsel of The Rouse Company for 23 years. He is past president of the American College of Real Estate Lawyers, past chair of the Anglo-American Real Property Institute, and past chair of the International Council of Shopping Centers Law Conference. Mr. Goldberg is currently a Fellow of the American College of Mortgage Attorneys and is a member of the American Law Institute. Mr. Goldberg received his B.A. from Pennsylvania State University and his LL.B. from the University of Maryland School of Law.
John S. Hollyfield is of counsel and a former partner in the Houston office Norton Rose Fulbright, LLP. He has more than 40 years’ experience in real estate law practice. He formerly served as chair of the ABA Real Property, Probate and Trust Law Section, president of the American College of Real Estate Lawyers, and chair of the Anglo-American Real Property Institute. He has been named a "Texas Super Lawyer" in Real Estate Law by Texas Monthly magazine and is listed in Who’s Who in American Law. He is co-editor of Modern Banking and Lending Forms (4th Edition), published by Warren, Gorham & Lamont. He received his B.B.A. from the University of Texas and his LL.B. from the University of Texas School of Law.
Mandatory MCLE Credit Hours
This seminar qualifies for 1.0 MCLE Credit Hour