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Kramer Levin Naftalis & Frankel LLP

Local Law 97 Building Compliance Brings a New Layer of Economic Implications to CRE Transactions and Lease Negotiations

While Local Law 97 passed nearly five years ago, it officially went into effect earlier this year. Part of the broader Climate Mobilization Act designed to significantly decrease New York City’s carbon emissions, Local Law 97...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

Stoel Rives -  Ahead of Schedule

Subleasing: A Real Estate Strategy in a Post-Pandemic Economy

In the ever-evolving landscape of business, flexibility is paramount. The recent widespread adoption of remote work has led companies across the country to shed office space. As companies navigate changes in market dynamics,...more

Miller Nash LLP

Thoughts on Leasing in a Troubled Commercial Real Estate Market

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The COVID-19 pandemic brought changes to all aspects of life, some of which will never revert. In the world of real estate, the most significant change stems from the race to remote work instigated by the pandemic. Many...more

Goodwin

Biometric Data Collection: A Significant Risk for the Real Estate Industry

Goodwin on

Biometric building access controls (i.e., “smart access” technologies) have become increasingly popular among residential and commercial property managers for the enhanced security benefits that these solutions provide. The...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

Burns & Levinson LLP

Is The Rent Acceleration Clause in Your Lease Enforceable?

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The default clause of most leases provides that upon the tenant’s material default, the landlord has the right to retake possession, relet the premises at the tenant’s expense and accelerate the tenant’s rent payment...more

Allen Matkins

If A Lease Is Not "Valid", Is It Void or Voidable?

Allen Matkins on

Justice Ignazio ("Nace") John Ruvolo once observed that the "Illegality of contracts constitutes a vast, confusing and rather mysterious area of the law."  McIntosh v. Mills, 121 Cal. App. 4th 333, 344 (2004).  One confusing...more

Dechert LLP

The ESG Climate Change Evolution of Commercial Real Estate Finance: Turning Over New (Green) Leaves

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The Intergovernmental Panel on Climate Change’s Sixth Assessment report, released most recently in spring 2022, sounded the alarm on the current state of the Earth’s climate. Today, with just 1.1 degrees Celsius in warming,...more

Allen Matkins

5 Trends in Office Space Utilization

Allen Matkins on

At the Allen Matkins 14th Annual View From the Top real estate summit, one of the panels discussed landlord and tenant space utilization trends and issues in the wake of the COVID-19 pandemic. The conversation, moderated by...more

Morrison & Foerster LLP

COVID-19 Commercial Property Arrears 18 Months On

As you may have read in our previous bulletins (UK Government Provides Extra Protection for Businesses with Ban on Evictions for Commercial Tenants Who Miss Rent Payments, COVID-19: Key Considerations for UK Commercial...more

Nossaman LLP

Podcast: Market Rent Adjustment Provisions in Long-Term Ground Leases

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In this episode of Digging Into Land Use Law, Nossaman Real Estate Group Co-Chair David Graeler and associate Maya Hamouie discuss myriad problems that may arise when a market rent adjustment provision in a long-term ground...more

Goodwin

Navigating the New Normal: Adaptive Reuse of Space

Goodwin on

When you think of adaptive reuse, you likely associate it with turning a rustic barn, an old-time firehouse or former chapel into a cottage, modern loft or chic house. More broadly, however, adaptive reuse is any redesign,...more

Womble Bond Dickinson

What Should I Be Doing About My Leased Space?

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Within weeks after COVID-19 resulted in many corporate offices sending workers home to work remotely, many of whom had never done so on such a scale, people started talking about whether working from home was becoming a “new...more

Brownstein Hyatt Farber Schreck

Opportunities and Obstacles When Converting a Building from Hotel or Office Use to Multifamily

Among many challenges brought about by COVID-19, changing community needs have illuminated growing underutilization and vacancy among commercial buildings. With the recent drop in hotel occupancy and office tenants...more

Sands Anderson PC

Commercial Real Estate—Planning for the Office of the Future

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Last time, I wrote about the post-pandemic future of commercial real estate. With more and more folks getting vaccinated or otherwise immunized, it seems we’re finally in the ‘red zone’ (to use more football parlance). Even...more

Holland & Knight LLP

Look for More Landlord Protections in Retail Deferral Agreements and Extensions

Holland & Knight LLP on

In April and May of 2020, the unprecedented challenges resulting from the COVID-19 pandemic and the related mandatory closures and restrictions on operations began to be felt by retail tenants across the United States. As a...more

Morris James LLP

Current Impact of Covid-19 on the Delaware Commercial Real Estate Market

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The real estate industry in Delaware experienced dramatic changes over the past eight months resulting from the COVID-19 pandemic. Social distancing mandated by Governor Carney’s March 12, 2020 Declaration of a State of...more

Faegre Drinker Biddle & Reath LLP

COVID-19 Commercial Real Estate Update: Quarter Day Analysis and Room for Optimism

The September quarter day saw the steepest shortfall in retail rents paid since the pandemic. However, this was the only sector to see rent collection down on the previous quarter. Faegre Drinker’s Rajan Shori, Sloan Kelly...more

Maynard Nexsen

COVID-19 Checklist: Issues to Consider for Commercial Real Estate Purchase Contracts and Closings

Maynard Nexsen on

What we’ve learned so far in 2020 is to expect the unexpected. Prior to February of 2020, who would have predicted the impact of a pandemic in general, let alone COVID-19 in particular, when drafting commercial real estate...more

Allen Matkins

Continued Housing Demand Minimizes Multi-Family Market Downturn

Allen Matkins on

Though the pessimism that has come with the recession has hit each of the multi-family markets in California equally, the view that rental and occupancy rates will not be as good as they are at present has not affected the...more

Allen Matkins

Work-From-Home Environment Fuels Demand Uncertainty in Office Space Market

Allen Matkins on

Given the continuing pandemic, there is much uncertainty about how the experience of working from home will affect today’s office space market. The panelists' of the latest Allen Matkins/UCLA Anderson Forecast California...more

Blake, Cassels & Graydon LLP

Aide pour le loyer commercial dans le contexte de la COVID-19 : directives supplémentaires à l’inten

Le gouvernement fédéral a récemment annoncé le lancement du programme d’Aide d’urgence du Canada pour le loyer commercial (l’« AUCLC »), lequel procure une réduction des loyers des petites et moyennes entreprises touchées par...more

Mintz - Real Estate, Construction &...

New York Forward Phase 2: Guidance for Commercial Landlords and Office Tenants in New York City

In late May, guidance for Phase 2 of Governor Cuomo’s New York Forward re-opening plan was issued. New York City is expected to enter into Phase 1 on June 8th, and thereafter Phase 2, provided certain thresholds are...more

Blake, Cassels & Graydon LLP

Commercial Rent Relief Update: Additional Guidance for Landlords, Tenants During COVID-19

The federal government recently announced the introduction of the Canada Emergency Commercial Rent Assistance (CECRA) program, which provides rent relief for small and medium-sized businesses that have been impacted by the...more

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