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Contractors Commercial Real Estate Market

Pillsbury - Gravel2Gavel Construction & Real...

Real Estate & Construction News Roundup (3/20/24) – Construction Backlog Falls, National Association of Realtors Settle...

In our latest roundup, bad loans outweigh loss reserves at top six U.S. banks, the FCC announces a proposed rule aimed at “bulk billing,” office-to-multifamily conversion projects grow in major metro cities, and more!...more

Cole Schotz

Material Misstatements of the “Net Sum Available”

Cole Schotz on

When a Section 22 Affidavit, discussed in earlier installments of this series, materially misstates a building loan’s “net sum available” to pay contractors for cost of improvement work, that can have substantial adverse...more

Cole Schotz

New York’s Building Loan Contract: The Section 22 Affidavit

Cole Schotz on

In addition to the mutual exchange of promises – the borrower’s promise to build in exchange for the lender’s promise to advance loan proceeds discussed in part 3 of this series – there’s another crucial aspect to a building...more

Clark Hill PLC

2019 Arizona Case Law Affecting Commercial Real Estate and Lending

Clark Hill PLC on

The following information accompanies a presentation Mike gave to members of the Arizona Commercial Mortgage Lenders Association (ACMLA) on March 12, 2019. Arizona Case Law – Property Tax Exemptions - R.O.I. Properties LLC...more

Farrell Fritz, P.C.

Oyster Bay’s Code Provision Linking Building Permits To Qualified Apprenticeship Programs Enjoined

Farrell Fritz, P.C. on

Several Long Island municipalities have local laws that peg the issuance of certain building permits to a requirement that contractors and subcontractors be participants in a “qualified apprenticeship program” that is...more

Troutman Pepper

Federal Court in New York Applies Scope of Duty Analysis in Deciding Claim for Architectural Malpractice

Troutman Pepper on

Wax NJ-2, LLC v. JFB Constr. & Dev., 13-cv-4537, 2015 U.S. Dist. LEXIS 74508 (S.D.N.Y. June 9, 2015) - Wax NJ-2, LLC (“Wax”) hired the architectural firm GF55 Partners (“GF55”) to design and then inspect construction of...more

Foley & Lardner LLP

Documenting Your Build-to-Suit Transaction: The Importance of the Request for Proposal

Foley & Lardner LLP on

The Request for Proposal (RFP) is a critical document in a build-to-suit (BTS) transaction, but often does not get the attention it deserves. In addition to laying out the project scope, the RFP is the tenant’s opportunity to...more

Bilzin Sumberg

Green Homes: A Hot Trend Among Homebuilders

Bilzin Sumberg on

Following the increase of green buildings in the commercial real estate sector, green homes have become a hot trend among homebuilders. According to the “Green Multifamily & Single Family Homes: Growth in a Recovering Market”...more

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