Features
Fed Holds Rates and Signals Cuts In 2024
The news is good. However, it doesn't look like what some in CRE might want, which is a return to ultra-low interest rates and high leverage.
Features
Second Circuit Likely to Deliver Big Win for Commercial Shopping Center Lessor
The U.S. Court of Appeals for the Second Circuit, on remand from the Supreme Court, further remanded to the district court the key issue of whether the Chapter 11 debtor gave "adequate assurance of future performance of" a commercial real property shopping center lease "as required by the Bankruptcy Code after the debtor's assignment of its lease.
Features
When Is A Real Estate Instrument Filing Fee An Unauthorized Tax?
Litigation pending in the Suffolk County Supreme Court is challenging fees charged for tax map verifications on real estate instruments filed with the county clerk as unauthorized taxes.
Features
Adaptive Reuse of Vacant Office Buildings
While transforming existing buildings for alternative purposes is not a new concept, this article seeks to explore the feasibility of alternative repurposing options with a focus on pre-existing office buildings; namely, converting vacant office space into vertical farms or cannabis growth operations.
Columns & Departments
Real Property Law
Notice of Pendency Improper In Private Nuisance Action Incapacity and Undue Influence Challenge to Deed Fails Authority Entitled to Divert Surface Water Covenant Restricting Landscaping Changes Enforced Failure to Record Does Not Invalidate Deed Against Purchaser Charged With Notice
Features
Is A Real Estate Instrument Filing Fee An Unauthorized Tax?
Local governments have significant leeway to charge fees for services they provide their residents. But fee revenue sources can be attractive options for those local governments needing to fill budget gaps without raising taxes.
Columns & Departments
Eminent Domain Law
Attorney's Fee Awarded On Interest Accruing During Appeal
Columns & Departments
Landlord & Tenant Law
Tenant's Summary Judgment Motion Denied In Rent Overcharge Proceeding
Features
Climate Issues Becoming More Critical for Commercial Real Estate Development
Considerations for severe weather and climate, in general, have real estate developers putting more focus on how they build and operate. But add to that rising insurance rates, which have dealt a big blow to budgets as premiums continue to climb.
Features
PA Court Rules Against Property Owners Alleging Impermissible Spot Zoning
In a recently published opinion, the Pennsylvania Commonwealth Court rejected an appeal brought by neighboring property owners alleging that a local ordinance constituted impermissible spot zoning. In its analysis, the Commonwealth Court emphasized the heavy burden a challenger must meet to overcome the presumptive validity of a zoning ordinance.
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