DD nailed to a tee. Thanks for posting.
As someone that works in the Real Estate industry (admittedly residential, and not commercial), I can tell you it's common practice for a need to extend escrow. An amendment is typically signed by both parties when an extension is needed, regardless if it's 1 day over or 1 month. I'm not concerned with either of these deals falling through. Any real estate transaction is dependent on many conditions...ie: buyer financing, inspections, appraisals, tons and tons of paperwork/waivers/disclosures to be signed by both parties. Take the fact this is a multi-million dollar transaction and involves uncommon practices such as need for a zoning change and I'm sure a lot of other federal regulation hoopla, you can expect this to take more time than your typical slam dunk R.E. deal. A lack of news IMO tells me that the Company is busy completing the deal. A cancellation at this point would most likely have been communicated already with many fluff PR's that would have already taken place to raise SP. We're all good folks, IMO. Trust the company that they are taking care of business.
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