Author’s Note: On March 1, 2024, a federal district court in Alabama ruled the Corporate Transparency Act is unconstitutional. However, it is a limited ruling, and companies and persons that are not plaintiffs to that case or were members of …
Read Article from Understanding FinCEN’s New Corporate Disclosure Requirements for 2024
Real estate developers across the United States are accustomed to paying fees to municipalities to offset the impacts of a development on the surrounding communities. Developers often take issue with the high cost of these development impact fees. In fact, …
Read Article from US Supreme Court Decision May Reshape the Future of Development Impact Fees
The following is a brief overview of new California laws enacted in 2023 and taking effect in 2024 that impact the real estate industry. As it has in recent years, the California Legislature again focused its efforts in facilitating the …
Read Article from New California Real Estate Laws: What to Expect in 2024
In October 2023, California passed AB 1033, a measure that allows municipalities to permit Californians to subdivide and sell accessory dwelling units (“ADUs”) on residential lots. The purpose of the law is to increase the amount of available housing and …
Read Article from Legal Considerations for ADU Sellers Under California’s New AB 1033 Law
As more companies boost their sustainability initiatives, both landlords and tenants are increasingly looking to advance their environmental goals through special lease provisions. “Green” provisions mandating environmentally friendly practices can benefit both landlords and tenants economically – and seem poised …
Read Article from Green Lease Provisions Can Benefit Both Landlords and Tenants
Commercial landlords are seeing an increase in tenants storing lithium batteries and other types of batteries in their premises and buildings. This is even more prevalent in states – like California – that have lofty ambitions to reduce their dependency …
Read Article from Battery Storage Tenants: Key Considerations for Landlords
For those grappling with high borrowing rates, this strategy presents an intriguing alternative, observe Brandt Hollander and Lee Kaplan of Harvest LLP. With interest rates surging to historic highs and lenders pulling back on issuing new loans, it is no …
Read Article from Assumable Multifamily Loans: What Investors Need to Know
On June 29, 2023, several banking regulators – including the Federal Reserve and the Federal Deposit Insurance Corporation –adopted a new Policy Statement on Prudent Commercial Real Estate Loan Accommodations and Workouts. This policy statement provides lenders guidance regarding commercial real estate loans …
Landlords have a few tools to secure a tenant’s payment under a commercial lease – most notably, personal guarantees, security deposits and letters of credit. Landlords should be aware that irrevocable letters of credit are the preferred method of security …
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 …