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Showing posts from December, 2015

Hochfelder: How to avoid costly delays when preparing for a real estate acquisition

If your next public project requires the acquisition of private property, keep reading as Adam Hochfelder thorough understanding of state regulations can help you navigate this complex process, while saving you time and money.


Although municipalities have the right to declare property, still guaranteeing the rights of private property owners is required. The initial goal is to obtain a negotiated settlement, and condemnation is the ultimate last resort, when there is nothing else left to do. When state or federal funds are involved, municipalities must follow legal procedures

According to Adam Hochfelder, real estate acquisition brings many challenges. For example, if municipalities somehow run out of time for real estate acquisition, they face losing grant funds, which mean they’ll have to wait for the next cycle to reapply. However, the largest threat whatsoever is probably the need to delay a project until the next construction season.

Some officials underestimate the challenges that …