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
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 …
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 …