Property Rights Litigation: Challenges, Risks and Financial Settlement in the Case of the Thompson Valley Towne Center

This case provides students with an example of a mixed-use development involving significant property rights litigation, which ultimately forced the developers to offer a financial settlement. The settlement was necessary to ensure that development occurred in a timely fashion and that the anchor te...

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Bibliographic Details
Published in:Journal of real estate practice and education 2002-01, Vol.5 (1), p.77-92
Main Authors: Holsapple, Eric, James, Bruce A., Worzala, Elaine M.
Format: Article
Language:English
Subjects:
Appellate courts
Bankruptcy
Bankruptcy courts
Brokers
Case Study
Cash flow
Commercial centers
Commercial real estate
Community Relations
Court Litigation
Education
Entitlement programs
Exhibits
Federal courts
Financial analysis
Grocery stores
Ground leases
Land development
Legal Problems
Litigation
Mixed use developments
Property ownership
Property rights
Real estate
Shopping centers
Site planning
Site Selection
Studies
Trustees
Zoning
Citations: Items that cite this one
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Description
Summary:This case provides students with an example of a mixed-use development involving significant property rights litigation, which ultimately forced the developers to offer a financial settlement. The settlement was necessary to ensure that development occurred in a timely fashion and that the anchor tenant (a grocery store) would fulfill its lease obligations. The case takes the student through the development process initially focusing on site selection and then litigation with the former property owners prior to and subsequent to closing on the property. The case concludes with a financial analysis to determine the maximum dollar amount the developers could pay to settle the legal disputes while maintaining a profitable development. Additionally, the case highlights the importance of the legal/political attributes of the real estate development process.
ISSN:1521-4842
1930-8914
DOI:10.1080/10835547.2002.12091583