Jump to Navigation
We can handle your closing anywhere in the state.
Subscribe to This Blog's Feed

Rare amphibian delays commercial real estate sale, development

Nature enthusiasts in South Carolina may be familiar with the marbled salamander, a small amphibian that is relatively common in our state. However, the population of this creature isn't as robust in other parts of the country -- a realization that may sink a major commercial development in another state.

When individuals are looking to buy or sell commercial property, the presence of certain wildlife could play a major role in the success of a proposed transaction. This is why it's critical for both parties involved in such land deals should carefully examine all aspects of the acreage in order to take precautions to avoid getting a raw deal.

In this case, the land where the salamander was found has remained a large, open lot for many years. The local municipality that owns the land hoped to sell the land to raise funds for critical city projects. At this point, no offers have been made on the land, but the city has likely invested resources into preparing the land for sale.

The property in question has already been subdivided into multiple sections. One portion of the land has already been nixed for sale in order to safeguard a well, while 18 acres has been split into six- and 12-acre parcels that include several lots slated for development. As the public conversation continues, some hope that a deal can be reached in which all parties (including buyers, sellers and other local interests) can walk away satisfied.

Being involved in a commercial real estate transaction can create opportunity for many people, so it's important to make sure that any land disputes are effectively resolved before they become unmanageable problems.

Source: Boston Globe, "Presence of rare salamander jeopardizes proposed land sale," Michele Morgan Bolton, March 6, 2013

No Comments

Leave a comment
Comment Information
Tell Us About Your Transaction

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close
Visit Weeks & Irvine at One of Our Six Locations

North Charleston office 8086-B Rivers Avenue
North Charleston, SC 29406
Phone: 843-553-9800
Toll Free: 800-553-7449
Fax: 843-553-9804
Maps and Directions

Mt. Pleasant office
1100 Queensborough Blvd, Suite 102
Mt. Pleasant, SC 29464
Phone: 843-856-9800
Toll Free: 800-553-7449
Fax: 843-216-0930
Map and Directions

Mt. Pleasant North office
3040 Highway 17-A North, Suite B
Mt. Pleasant, SC 29466
Phone: 843-388-3250
Toll Free: 800-553-7449
Map and Directions

West Ashley office
873 Orleans Road, Suite 102 1/2
Charleston, SC 29407
Phone: 843-571-2996
Toll Free: 800-553-7449
Fax: 843-571-2998
Map and Directions

Summerville office
106 West 7th North St
Summerville, SC 29483
Phone: 843-875-7111
Toll Free: 800-553-7449
Fax: 843-875-7721
Map and Directions

Goose Creek office
567 Crowfield Blvd.
Goose Creek, SC 29445
Phone: 843-553-9100
Toll Free: 800-553-7449
Fax 843-553-9183
Map and Directions