By Brandt Hollander, Partner Across the country, office occupancy has remained stubbornly low following the Covid-19 pandemic, while at the same time, apartment rents have exploded to record highs. This dual crisis has led to calls for the redevelopment of vacant office buildings for apartment use. While at first blush this appears to be a …
Category: Articles
How and When to Provide Notice of an Insurance Claim
By Ryan Kirby, General Counsel of Insurance Office of America (Guest Contributor) The early stages of an insurance claim are often the most critical. Your phone rings – there was an accident at one of your properties, a bad environmental report came in, some worrisome information from an employee is reported. Make no mistake: potential …
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Preparing Your Property Portfolio for a Possible Recession
By Fernando Landa, Partner, and Lee Kaplan, Associate While economists and pundits may disagree about the likelihood of a recession in 2023, it is important for real estate investors to take steps now to prepare their portfolios for a potential economic slowdown given the stark rise in interest rates over the last ten months. From …
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Los Angeles Eviction Moratorium Lifted: What Landlords Need to Know
By Fernando Landa, Partner, and Jamie Altman Buggy, Partner In response to the COVID-19 crisis, the City of Los Angeles implemented a temporary eviction moratorium to protect residential and commercial tenants during a time of widespread economic hardship. The moratorium went into effect on March 4, 2020 and did not expire until February 1, 2023, …
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The Future of Transfer Taxes Approved by LA Voters in Question
By Lee Kaplan, Associate (Editor’s Note: This article was originally published here by Multi-Housing News.) The future of new real estate transfer taxes scheduled to take effect in April 2023—which have been worrying investors and other owners of valuable property in the City of Los Angeles—has been called into question due to a legal challenge …
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Time Kills All Deals
By Christopher Rizza, Partner Most clients are familiar with the old adage “time kills all deals”. Given current market conditions and the fact that a number of pundits believe that we are potentially entering into an economic slowdown, it is increasingly critical to complete real estate transactions – and commercial leases and purchase/sale agreements in particular …