The problem is:
My Quarter or my Billion?
My Co-op or my Consortium?
My plan or my conspiracy?
If you abut your neighbour's nose then it behooves you to move with care.
But you should still have an expectation of holding that property and doing with it as you will so long as the neighbour's nose is not out of joint.
The neighbour's ultimate remedy is to buy you out.
Which is, some might say, how expropriation
squares the private property vs public good circle.
Also, one of the primary goals in the whole notion of the corporation was to facilitate some risk taking by creating a "legal person" that could assume both
risks and rights while shielding the shareholders from full responsibility. It never was, and still is not, a perfect solution, but, in most Western jurisdictions, especially in common law ones, the balance seems to be about right. Just as with people, some corporations are going to be good, responsible citizens and others are going to be less so ...
... it seems to me that the public's right to expropriate private property for a bone fide
public good is a sufficient remedy for corporate or personal property that is not managed in an appropriate manner.