We represented Landis Construction, one of the largest design-build firms in New Orleans, who had outgrown their leased space and wanted to purchase space for their corporate headquarters. We helped the client develop criteria for the purchase, starting September 9, 2007 and closing on a property July 31, 2008.
During the search process, the client's goals changed from purchasing land to buying an existing structure, and we adapted our activity accordingly and guided the client through each decision. After reviewing all listed properties the client decided none met their criteria, so we looked for properties not currently on the market. We researched databases of property owners and cross-referenced the names with the Secretary of State database to locate property owners, make contact and negotiate a purchase.
We helped the client through the pricing decision by using Net Present Value to calculate an offer price for the property, which included some rental income. We helped the buyer work through the building's historical tax credits by bringing onto our team a knowledgeable tax attorney.