Gray•Duffy, LLP successfully negotiates and handles closing of $30 million real estate transfer involving contaminated real estate.

April 2016

Overview

Attorney Erin K. Tenner represented the seller in the transfer of contaminated real property in downtown Los Angeles.

Discussion

Clients of Gray•Duffy, represented by Partner, Erin K. Tenner, completed the sale of heavily contaminated real estate in downtown Los Angeles, California. The source of the contamination was unknown. The purchaser agreed to clean up all contamination, and to be fully responsible for all obligations and liability arising out of the contamination, whether occurring prior to or after the sale. The clean-up is being conducted with the oversight of the Regional Water Quality Control Board.

Please Note: This article is necessarily general in nature and is not a substitute for legal advice with respect to any particular case. Readers should consult with an attorney before taking any action affecting their interests.