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Office Space Real Estate Development

Pillsbury - Gravel2Gavel Construction & Real...

Real Estate & Construction News Roundup (8/14/24) – Commercial Real Estate AI, Hotel Pipeline Growth, and Housing Market...

In our latest roundup, nonresidential spending drops, realtor payment structure changes, office vacancy rates soar, and more!...more

Goulston & Storrs PC

City of Boston Office to Residential Conversion Program Extension

Goulston & Storrs PC on

In June, Mayor Wu announced the extension of the City of Boston's Office to Residential Conversion Program with $15 million in additional funding from the state. The program, which formally launched in October of 2023, aims...more

Tonkon Torp LLP

Has the Commercial Real Estate Market Hit Bottom Yet?

Tonkon Torp LLP on

On July 17, 2024 I attended a webinar hosted by First American Title about the commercial real estate (CRE) market in transition. Here are some important takeaways. In the overall economy, inflation peaked in the summer of...more

Coblentz Patch Duffy & Bass

What We're Reading, Watching, and Listening To: July 2024

A roundup of news and multimedia from the Unfamiliar Terrain team: San Francisco - S.F.’s Stonestown to become west side’s largest residential development in 50 years (SF Chronicle): The plan to convert the Stonestown...more

Pillsbury - Gravel2Gavel Construction & Real...

Real Estate & Construction News Roundup (7/2/24) – Increase in Commercial Property Vacancy Rates, Trouble for the Real Estate...

In our latest roundup, the evolution of stadium construction, an increase in legal and legislative action affecting the multifamily sector, and growing concerns for owners of office space....more

Venable LLP

District of Columbia Establishes New Tax Incentives for Office Repositioning in Downtown

Venable LLP on

On June 25, 2024, the D.C. Council passed the Downtown Activation Conversion Program Amendment Act of 2024, in a strategic effort to revitalize the downtown area—including portions of Dupont Circle, West End, Foggy Bottom,...more

Allen Matkins

Recently Effective & Pending State Housing Laws - 2024 Land Use, Environmental & Natural Resources Update

Allen Matkins on

Various state housing bills are currently making their way through the State Legislature that are expected to benefit mixed-income multifamily housing developers. The following summaries reflect the status of the legislation...more

Pillsbury - Gravel2Gavel Construction & Real...

Real Estate & Construction News Roundup (5/22/24) – Federal Infrastructure Money, Hotel Development Pipelines, and Lab Space...

In our latest roundup, Virginia’s governor signs two bills into law, $929 billion in outstanding commercial mortgages come due, banks prepare for delinquencies related to office space, and more!...more

ArentFox Schiff

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

ArentFox Schiff on

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

Allen Matkins

Sustainable Development and Land Use Update 4.04.24

Allen Matkins on

Two bills proposed to modify the Builder’s Remedy are currently making their way through the State Legislature. As currently proposed, AB 1893 (Wicks) would (i) reduce the required percentage of (lower income) affordable...more

Allen Matkins

Pending AB 2011 Amendments Hold Promise For Housing Developers

Allen Matkins on

On March 19, 2024, Assemblymember Buffy Wicks introduced new amendments to pending Assembly Bill (AB) 2243, which would amend AB 2011 (operative as of July 1, 2023). As explained in our prior legal alert, AB 2011 provides for...more

Jones Day

Repositioning UK Office Assets—Risks and Opportunities: Best-in-Class vs. Out-of-Date

Jones Day on

Over recent years, we have seen an office sector where occupiers are taking less space and using it in a different way in the United Kingdom, even when compared to five years ago. That trend, which was accelerated by the...more

Seyfarth Shaw LLP

White House Implements Plans to Facilitate Office-to-Residential Conversions

Seyfarth Shaw LLP on

Seyfarth Synopsis: With the cooperation of federal agencies such as the Department of Housing and Urban Development (HUD) and the Department of Transportation (DOT), the White House has established plans to use grants and...more

Allen Matkins

Sustainable Development and Land Use Update 10.27.23

Allen Matkins on

After more than two years of resistance, the city of Coronado, a wealthy island city in San Diego County, has agreed to follow state housing law by setting aside more land for development, Governor Gavin Newsom and Attorney...more

Davies Ward Phillips & Vineberg LLP

New GST Rebate for Purpose-Built Rental Property

As an incentive to builders to create more rental housing units, the federal government has announced the effective elimination of the goods and services tax (GST) payable on newly constructed rental housing, such as...more

Pillsbury - Gravel2Gavel Construction & Real...

Real Estate & Construction News Roundup (09/06/23) – Nonprofit Helping Marginalized Groups, Life Sciences Taking over Office...

In our latest roundup, Walmart adds their own generative AI, major airlines reduce their capacity at regional airports, autoworkers prepare for a strike as negotiations continue, and more!...more

Pillsbury - Gravel2Gavel Construction & Real...

Real Estate & Construction News Roundup (08/08/23) – Buy and Sell With AI, Urban Real Estate Demand and Increasing Energy Costs

In our latest roundup, we look at AI’s ability to buy and sell real estate, good news from the Labor Department for federally contracted construction workers, the continued promise of proptech, and more!...more

Coblentz Patch Duffy & Bass

What We’re Reading, Watching, and Listening to: June 2023

A roundup of news and multimedia from the Unfamiliar Terrain team: San Francisco - The Luxury Shopping Oasis Emerging in San Francisco’s Struggling Downtown (Wall Street Journal): Although local foot traffic may be down,...more

Coblentz Patch Duffy & Bass

What We're Reading, Watching, and Listening to: April 2023

A roundup of news and multimedia from the Unfamiliar Terrain team: San Francisco - S.F. housing production slows to crawl as state goals loom (San Francisco Chronicle): The Planning Department’s annual housing...more

Pillsbury - Gravel2Gavel Construction & Real...

Adaptive Reuse: Creative Reimagining of Former Office Space to Address Differing Demands

Empty office buildings downtown. A housing shortage in almost every major market. Is there a way to address both issues at once by converting historic but underutilized office buildings into apartments and condos in city...more

Pillsbury - Gravel2Gavel Construction & Real...

Real Estate & Construction News Round-Up (02/15/23) – Proptech Solutions, Supply Chain Pivots, and the Inflation Reduction Act

This week’s round-up explores how proptech could alleviate the financial burden of property owners’ vacant office space, manufacturing firms are bolstering the industrial real estate sector, a 200-MW Texas project is first to...more

Farella Braun + Martel LLP

[Event] San Francisco’s Downtown: What Does the Future Hold? - February 28th, San Francisco, CA

As work habits continue to transition from office space to work from home, sparsely populated downtown office towers are proving to be a barrier to the City’s goal of repopulating the traditional financial district. Enter the...more

Carlton Fields

Creative Reuse: The Opportunities and Challenges of Converting Office Space to Residential

Carlton Fields on

Commercial owners are faced with new financial realities in 2022. Tenants’ desire for less space and the shortage of housing provide new opportunities for landlords by converting their office space and other hard assets to...more

Kohrman Jackson & Krantz LLP

Downtown vs. Suburban Offices: Commercial Office Space Leasing In A Post-Covid Market

Twenty-seven months ago, we couldn’t begin to comprehend the length or severity of the pandemic, nor its long-term effect on commercial office space. Today it is still not possible to make an accurate prediction, but a few...more

Pillsbury - Gravel2Gavel Construction & Real...

Real Estate & Construction News Round-Up (05/18/22)

Businesses renovate office spaces at a historic pace, China plans to build a 3D-printed hydropower dam without human workers, the U.S. infrastructure package has thousands of projects underway, and more....more

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