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Commercial Buildings

Bennett Jones LLP

(Real) Estate Earnouts: The Risks and Rewards of Density Bonuses

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Valuing a commercial asset is a tricky business.Often, in the eyes of a purchaser, an asset's value is tied in part to the likelihood of future events—a significant customer order, a change in purchasing patterns, a...more

McGuireWoods LLP

Fairfax County Considers Updates to Commercial Building Repurposing Policy

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As part of a strategy to combat rising commercial office vacancy rates, Fairfax County, Virginia, has announced a series of strategy recommendations that include potential updates to its building repurposing policy, providing...more

Bricker Graydon LLP

Primer on Inflation Reduction Act Incentives for Hospitals

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The following is a primary on some of the key IRA incentives that hospitals should explore before undertaking any clean energy or energy efficiency projects....more

ArentFox Schiff

Money Trees (and Office Greens): Why Real Estate Developers are Transforming Vacant Office Spaces into Trendy Urban Farms

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Welcome to the trendy revolution of urban farming. Three years ago, Washington, DC, Mayor Muriel Bowser unveiled a plan to transform vacant office buildings in downtown DC into residential properties with hopes of creating a...more

Bennett Jones LLP

Restricted Zoning: The BCCA Confirms Powers to Enact Rental-Only Bylaws Under the Local Government Act

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Last year, in V.I.T. Estates Ltd. v New Westminster (City), 2023 BCCA 183, the British Columbia Court of Appeal (BCCA) dismissed a challenge to a municipal bylaw that restricted zoning to residential rentals. The court found...more

Katten Muchin Rosenman LLP

Is Your Property Affected by the Building Safety Act?

It's now been more than four months since the Building Safety Act 2022 (BSA) introduced new requirements that sought to improve the overall safety of high-rise buildings that have some element of residential use. Incepted to...more

Ankura

Utilization of Drones for Observation of Commercial Buildings and the Law

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Do you live in a building? Work in a building? Or own a building? Do you admire from afar not only how those buildings look aesthetically, but also how they keep you dry and comfortable when the weather is inclement?....more

Mitchell, Williams, Selig, Gates & Woodyard,...

National Definition of a Zero Emissions Building: U.S. Department of Energy Request for Information

The United States Department of Energy’s Office of Energy Efficiency & Renewable Energy Building Technologies Office (“BTO”) released a Request for Information (“RFI”) to solicit feedback on a draft document titled: ...more

Williams Mullen

Four Revamped Tax Incentives with Real (Estate) Implications

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The Inflation Reduction Act of 2022 (the “IRA”) will disburse approximately $370 billion to spur private sector building decarbonization. As it relates to commercial real estate, there are at least four (4) key tax incentives...more

Partridge Snow & Hahn LLP

Massive Development Potential Unlocked with New “Adaptive Reuse” Amendments to RI Zoning Statutes

Following up on recent PSH Land Use Client Alerts on June 26, 2023 and August 22, 2023, an important collection of bills were passed through both houses of the Rhode Island state legislature in June and signed into law. ...more

ArentFox Schiff

White House Incentivizes Commercial Conversions to Affordable Housing in More Ways Than One

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On October 27, the Biden-Harris Administration announced new initiatives across various governmental agencies to support and encourage the conversion of high-vacancy commercial buildings in downtown urban environments to...more

Partridge Snow & Hahn LLP

Downtown Office Conversion

“Your success in life isn’t based on your ability to simply change. It is based on your ability to change faster than your competition, customers and business.” — Mark Sanborn. This past July, Boston Mayor Michelle Wu,...more

Bennett Jones LLP

But It’s "Just" An Option! Option Risks And The Tale Of Horn v. Xylem

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We all take real property purchase agreements seriously. We read only the title and we know that a transaction is likely to occur, perhaps a significant one. We can also reasonably expect that there will be a property, a...more

Bennett Jones LLP

Industrial Property in Alberta: Considerations for Purchase and Lease

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The industrial real estate sectors in Calgary and specifically, Rocky View County, and Edmonton, have experienced a consistent demand for both purchase and lease transactions over the past several years. This is driven by a...more

Allen Matkins

Critical State Housing Laws Approved by Governor Newsom

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Governor Newsom recently approved multiple state housing bills passed by the State Assembly and Senate. The following is a summary of a few of the key bills that are expected to benefit multi-family, mixed-income housing...more

K&L Gates LLP

Lay of the Land: Global Office Trends

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In our second episode of Lay of the Land, hosts Heather Horowitz, Jen McCosker, Christian Major, Tobias Gries, and Anna Amprimo discuss office asset market trends in the United States, Australia, the UK, Germany, and Italy....more

BCLP

Briefcase Quarterly Real Estate Disputes Update - September 2023

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Vodafone Ltd V Potting Shed Bar & Gardens Ltd (Formerly Gencomp (No. 7) Ltd) & Ap Wireless Ii (Uk) Ltd - A freeholder granted a lease to Vodafone allowing it to erect telecoms apparatus on the tower of its building. A few...more

Allen Matkins

Life Sciences Real Estate Update 8.24.23

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The average vacancy rate for laboratory and research and development space across the top 13 U.S. life sciences markets stood at 9% in the second quarter, up more than four percentage points from a year earlier and more than...more

Genova Burns LLC

Cleaning House: New Jersey Enacts Building Service Worker Retention Law

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On July 24, 2023, Governor Phil Murphy signed into law Assembly Bill 4682/Senate Bill 2389 protecting non-managerial and non-professional service workers, who work at eligible locations, from sudden and unexpected loss of...more

Allen Matkins

Life Sciences Real Estate Update - 7.18.23

Allen Matkins on

California was, by January 1, 2023, home to nearly 470,000 jobs that generated $413.7 billion in total business output in 2022, according to Biocom California’s 2023 Economic Impact Report. This represents a nearly 8 percent...more

Spilman Thomas & Battle, PLLC

The Site Report - Construction Law Insights - Issue 6, June 2023

World’s Largest 3D Printed Building Erected in Florida - “With a total floor area of more than 10,100 sq ft or about 940 m2, the structure is apparently nearly 50% larger than the previous record-holder in the Middle East,...more

Bennett Jones LLP

What's Next in Office Financing in Canada?

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Bennett Jones was pleased to host an oversubscribed NAIOP panel discussion on current issues in office financing, and I am happy to share my key impressions from what was a compelling and thoughtful dialogue....more

J.S. Held

Fire Strategy in St. James’s Oncology v Lendlease and the Building Safety Act – An Architect’s Perspective

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Since the major fire event at Grenfell Tower in June 2017, a significant period of cultural and professional change has occurred within the construction industry in regard to fire safety. During this period, we have seen the...more

K&L Gates LLP

Manhattan Commercial Revitalization Program (M-CORE) Launched to Transform Aging Office Buildings

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As many companies settle into hybrid work models, office occupancy rates in the United States have flatlined during the first half of 2023. In the Borough of Manhattan (the Borough) in New York City, upwards of 255 million...more

Bennett Jones LLP

Proptech and Decarbonization in Commercial Real Estate

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Decarbonization in the commercial real estate sector is top of mind for building developers, owners and operators, as it has garnered increased policy momentum at all levels of government in Canada. Stakeholders must ensure...more

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