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Almost every company is rethinking workplace strategy in the wake of the pandemic — and commercial real estate companies, which are office users in their own right, are no exception. The COVID-health crisis changed the way that people work and think about office space, and CRE wasn’t exempt from the changes. Despite being an office-centric industry, CRE has had to adapt and adopt new office environments and strategies to reflect the needs and demands of employees — which now include everything from health and safety to flexible work schedules and a better work-life balance.
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Options for Commercial Property Owners With Distressed Assets
By William (Bill) Lobel
Cyclical challenges in the economy are nothing new, and 2022 is shaping up to be that kind of year for business owners nationwide. This is likely to result in a greater need for the services of bankruptcy attorneys as business owners face a mounting wave of distressed financial assets.
Effects of Inflation on Commercial Real Estate
By Steven J. Reed
While growth of the job market and the economy are the most important factors affecting commercial real estate, the emergence of historic rising inflation has its effects as well.
Questions of Fact About Liability for Broker Commission After Expiration of Brokerage Agreement
By Stewart E. Sterk
In an action to recover a brokerage commission, the Appellate Division affirmed a broker's appeal of denial of its summary judgment motion, holding that questions of fact remained about seller’s liability for a commission after expiration of the brokerage agreement.
7 Post-Pandemic Commercial Property Tax Tips
By Cris K. O’Neall
As post-pandemic market values fluctuate due to higher prices, property owners need to adopt strategies to keep their assessed property values down. As we emerge from COVID-19 here are seven key considerations to minimize property tax assessments even as prices increase.
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