What is the process of developing and financing a mixed used real estate development in an enterprise zone in an urban area?

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Developing and financing a mixed-use real estate development in an urban enterprise zone involves a series of steps, from site acquisition and design to construction, leasing, and property management. An enterprise zone is a designated geographical area where governments provide tax benefits and other incentives to encourage economic development and job creation. Here’s a high-level …Read more

EPA Publishes Final Rule on Conducting Phase I Environmental Site Assessments Under Superfund

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The U.S. Environmental Protection Agency has changed the requirements for conducting environmental site assessments under the Comprehensive Environmental Response, Compensation and Liability Act, which is commonly referred to as CERCLA or Superfund. What You Need to Know CERCLA requires prospective purchasers to conduct an “all appropriate inquiry” into the environmental conditions of a property to …Read more

Negotiating with Your Landlord After Commercial Eviction Moratoriums Expire

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During the pandemic, a spirit of we’re all in this together took some of the edge off the normally tense relationship between landlords and commercial renters. Government relief and emergency regulations helped. But now as commercial eviction moratorium protections run out, the relationship will return to normal, albeit a normal flooded with complexities, scattered in …Read more

Owning a Data Center – an Increasingly Popular Real Estate Asset Class

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Data centers have migrated from being something of an “alternative” real estate asset class to a mainstream asset class in recent years. With the advent of 5G networks, data intensive technologies, and the continued digitization of our professional and personal lives, strong demand for data centers is expected to continue well into the future despite …Read more

The Importance of Real Estate Due Diligence in M&A Transactions

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Real estate typically plays some part – whether ancillary or integral – in nearly every asset purchase, stock purchase, or merger transaction. Therefore, it’s important to understand what due diligence might be required for the real estate assets involved in the transactions you may be considering, and the potential risks of not performing that due …Read more

Strategies to Extract Capital from Commercial Real Estate to Withstand Covid-19

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Commercial real estate owners across the United States continue to struggle with the adverse financial impacts Covid-19 has caused to earnings and liquidity. While the return to something resembling a normal real estate market appears to be months, if not years, away, there are some strategies you can pursue now to extract capital from owned …Read more

How to Manage Your Commercial Lease During the Coronavirus Crisis

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The Coronavirus pandemic is sweeping across the United States and, despite recent signs it may be abating in certain communities, most of the country is under some form of shelter-in-place order that in all likelihood will not be lifted for at least several weeks. The swift and persistent spread of the virus in California is …Read more

New Commercial Real Estate Loan Requirements for Delaware LLC’s

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Commercial real estate borrowers and mortgagors formed as Delaware limited liability companies (“LLCs”) should be aware of new loan requirements after recent amendments to Delaware’s LLC Act. The LLC Act amendment, which became effective in August 2018, allows Delaware LLCs to be divided into one or more newly formed Delaware LLCs and allocate assets and …Read more