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 secret that deal volume is down significantly in the commercial real estate space. One option …
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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 simple solution to both …
It’s called the “Mansion Tax,” but commercial investors will feel it the most, according to attorney Lee Kaplan of Harvest LLP. 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 …
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