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Cole Schotz

City of Yes Proposal Offers Increased Housing Development Opportunities

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For over a year now, the City of Yes (“CoY”) zoning update, which aims to bring back more flexibility and density in development across the City, has been a hot topic of conversation in the New York City development sphere....more

White & Case LLP

China’s real estate sector shows the beginning signs of recovery

White & Case LLP on

China’s real estate industry, which accounts for about a fifth of the country’s economic activity, according to IMF, has faced numerous headwinds over the past three years. These have ranged from a mismatch in supply and...more

Pullman & Comley, LLC

Forever Chemicals Present Significant Challenges for Commercial Real Estate

Pullman & Comley, LLC on

In recent years, PFAS — or “forever chemicals” — have emerged as a major topic of concern for landowners, business owners and environmental and real estate professionals as regulators focus more attention on the management...more

Lowenstein Sandler LLP

When You Owe More Than It’s Worth: Depressed Valuations in the Real Estate Market

Lowenstein Sandler LLP on

Today on “Terra Firma: Conversations on Commercial Real Estate,” Stacey Tyler and Stephen Tanico speak with Harold Bordwin, principal and co-president of Keen-Summit Capital Partners, about recent depressed values in the real...more

Meyers Nave

AB 98 Enacts Statewide Standards for Logistics Use Warehouses

Meyers Nave on

On September 29, Governor Newsom signed Assembly Bill 98, a bill establishing warehouse design and build standards for new or expanded “logistics uses”, requiring cities and counties to update their circulation elements to...more

Sheppard Mullin Richter & Hampton LLP

A Deep Dive into AB 98’s Restrictions on the Logistics Industry: What the Bill Does and Does Not Do

Despite strenuous opposition from both the state’s real estate and business communities, near the end of the 2024 Legislative cycle, California Governor Gavin Newsom signed into law Assembly Bill 98 (“AB 98”) – a bill that,...more

Best Best & Krieger LLP

AB 98 Establishes Statewide Warehouse Design and Build Standards

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On September 29, 2024 Governor Gavin Newsom signed AB 98 into law, establishing various statewide warehouse design and build standards and requiring local governments to institute truck travel routes that minimize impacts on...more

Hogan Lovells

EXPO REAL 2024: Key Trends in the real estate sector

Hogan Lovells on

Same procedure as every year after Wiesn: it’s Expo REAL time! Project developers, bankers, brokers, investors, owners and operators – and last but not least real estate lawyers, meet at EXPO REAL in Munich, Germany’s most...more

Proskauer - Tax Talks

No Money? No Problem: Recent IRS Favorable Guidance Regarding a REIT’s First Year

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On October 4, 2024, the Internal Revenue Service (the “IRS”) released Private Letter Ruling 202440007, which concluded that the lack of income and assets in the first taxable year of an entity that had elected to be treated...more

Hogan Lovells

UK Building Safety Act: new changes from an unlikely source

Hogan Lovells on

The Leasehold and Freehold Reform Act 2024 (LAFRA) was passed swiftly on the final day of the last Parliament. As well as introducing long promised changes to leasehold enfranchisement and banning new leasehold houses, it...more

Barnea Jaffa Lande & Co.

Tax innovations in Israel during 2024

Barnea Jaffa Lande & Co. on

Over the past year, alongside handling the economic repercussions of the war and issuing financial assistance to war victims and to evacuees, the courts, the legislative authority and the Israel Tax Authority continued their...more

Bowditch & Dewey

Is Your Close Corporation’s Real Estate Safe from Shareholder Claims of Ownership by Adverse Possession?

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In a case of first impression, the Land Court decided that shareholders of Massachusetts close corporations may acquire corporate real estate by adverse possession. In Szawlowski v. Szawlowski Realty, Inc., the Court...more

DarrowEverett LLP

[Webinar] Risk Mitigation Strategies When Drafting Commercial Real Estate Purchase and Sale Agreements - October 30th, 9:00 am PT

DarrowEverett LLP on

Looking to take some of the worry out of commercial real estate transactions? Then we highly recommend that you join us for our upcoming webinar: Risk Mitigation Strategies When Drafting Commercial Real Estate Purchase and...more

Dunlap Bennett & Ludwig PLLC

From Listings To Losses: Understanding Cybersecurity Risks In Real Estate

Your real estate firm is at risk from the growing threat of cybersecurity attacks. The days of retaining hard copies and physical files are increasingly phasing out. In an era where digital transformation is altering the...more

Pillsbury - Policyholder Pulse blog

Hurricanes Helene and Milton: Insurance Implications

Hurricane Helene struck Florida’s Big Bend region as a category 4 hurricane on September 25, 2024, and continued to move northeast. The storm caused widespread power outages and catastrophic damage across Florida, the...more

Nossaman LLP

Developing Areas of Leasing and Environmental Social Governance

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The field of real estate law and commercial leasing is established and well-tested. For this reason, most landlords and tenants that enter into negotiations with their legal team and real estate brokers are very familiar with...more

K&L Gates LLP

Lay of the Land: Has Washington State Resolved the Condo Liability Problem?

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Major residential condominium construction has seen a decade-plus lull, due in part to an onerous warranty statute applicable only to condos. The Washington State Legislature significantly changed that statute in 2019, and...more

Levenfeld Pearlstein, LLC

‘Danger, Will Robinson’: The IRS Increases Scrutiny of Conservation Easements

Sometimes tax motives overwhelm philanthropic motives, which has often been the case with charitable deductions for so-called “conservation easements.” For years now, sponsors have offered up investments in partnerships,...more

Buchalter

Actual Loss Under A Title Insurance Policy Is Calculated Based On The “Highest And Best Use” Of The Insured Real Property

Buchalter on

In a victory for all insureds who have title insurance policies, and possibly a victory for insureds under other real property related insurance policies, the California Court of Appeal in Tait v. Commonwealth Land Title...more

Lippes Mathias LLP

Establishing Site Control is Just the Beginning: Initial Real Estate Diligence of Renewable Energy Projects

Lippes Mathias LLP on

Once site control is established for a renewable energy project, one of the project developer’s next steps is performing its due diligence to determine if the site is a viable option for the contemplated project. A key part...more

Akerman LLP

NYC Department of Finance Accepting FY 2025-2026 ICIP and ICAP Renewals Until January 5, 2025

Akerman LLP on

The New York City Department of Finance requires that properties receiving benefits under the Industrial Commercial Incentive Program (ICIP) and the Industrial Commercial Abatement Program (ICAP) must file a Certificate of...more

Lowndes

Drafting Hunting Leases: Key Considerations for Landlords

Lowndes on

As the fall hunting season approaches, Florida landowners may contemplate leasing their land to an individual or group for hunting purposes. For many owners, drafting such a specialized lease may be daunting, as they have to...more

DLA Piper

REIT Tax News - October 2024

DLA Piper on

Welcome to the October 2024 issue of REIT Tax News. Below, we take a look at five developments to read about in less than five minutes. 1. Loper Bright standard takes hold in Varian Medical case - In the landmark case of...more

Dickinson Wright

Court of Appeal Decides Fate of “Crypto King” $500,000 Deposit

Dickinson Wright on

In 2021, the self-proclaimed “Crypto King,” along with an associate, paid a $500,000 deposit to purchase a commercial real estate property to store their exotic car collection. The “Crypto King,” Aiden Pleterski, had...more

Blake, Cassels & Graydon LLP

ESG Clauses in Commercial Leases

Organizations now consistently include environmental, social and governance (ESG) factors in their policies, and the real estate sector is no exception. For stakeholders in the real estate sector, ESG factors are increasingly...more

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