Real Estate Development
OUR APPROACH
Balch has been responsible for or significantly involved in many of the major residential and commercial real estate developments, acquisitions, and sale transactions in Alabama and throughout the Southeast. We offer our clients a wealth of experience in a broad range of real estate related matters including development, acquisitions, property management and sales, leasing and land use regulations, and finance. Our attorneys regularly provide support and maintain deep experience in areas of entity selection and formation, structuring, negotiation and documentation of joint ventures, economic development incentives (including New Markets Tax Credits (NMTC), Historic Tax Credits (HTC), and Low-Income Housing Tax Credits (LIHTC)), tax, zoning, environmental issues, eminent domain, conventional and tax-exempt lending, and finance. Our attorneys regularly advise developers on their business strategy, deal structure, transactions, and regulatory issues.
Our work includes development and sales of multi-use developments and Planned Unit Developments (PUDs); the development, operation, leasing and sales of shopping centers, office buildings, marinas, golf courses, single family and multi-family residential, warehouses, hotels, apartments and other commercial properties; large tracts of land for timber cultivation, hydroelectric reservoirs, and commercial and industrial communities; utility easements; casinos; sports facilities; communication towers and a myriad of commercial and industrial owner occupied facilities.
Our expertise involves assisting owners and developers with their contractual relationships between partner developers and owners employing third-party developers. This allows our team to see issues from numerous points of view and to propose solutions for the competing positions. We also study the development issues from the lender side allowing for a thorough vetting of all options to find solutions for all parties.
OUR CLIENTS
Our clients include developers, investors, owners, sellers, brokers, and lenders on commercial and mixed use developments, major industrial projects in the energy and manufacturing industries, residential subdivisions, health care facilities and medical office buildings, timber and mineral projects, multifamily projects and condominiums, and clients whose intensive use of real estate is incidental to their primary business, such as public utilities, banks, and pharmacies.
OUR EXPERIENCE
Development
We have broad experience in the development and financing of residential subdivisions of all sizes, major office buildings, casinos, industrial parks, sports facilities, hotels, major shopping centers and retail development, including several multi-thousand acre mixed-use developments.
Acquisitions & Sales
We have worked with private and industrial investors, financial institutions, utilities, manufacturers, public entities and other entities in acquisitions, development and sales of shopping centers, office buildings and other commercial properties; downtown redevelopment; large tracts of land for timber cultivation, hydroelectric reservoirs, single family and multi-family residential, commercial and industrial communities; utility easements; casinos; communication towers and a myriad of commercial and industrial owner occupied facilities. We have facilitated numerous like-kind exchanges as well.
Interstate Land Sales Full Disclosure Act
We advise developers with respect to compliance and exemptions available under the Interstate Land Sales Full Disclosure Act.
