Represeting the seller, managed the $21,000,000 sale of a suburban Detroit private plane airport and subsequent reuse of all sale proceeds under Section 1031 of the IRC to buy seventeen farms in Missouri

Client was in the process of converting from a C-corp to an S-corp and without doing a Sec. 1031 Exchange the sale would have triggered large negative tax consequences in addition to capital gains; the sale transaction was complicated by a long zoning battle between the buyer and the municipality as well as significant environmental contamination on the sale property