Features
Tax Assessment Often Minimizes Property Owners Costs of Getting and Retaining Tenants
The vast majority of commercial real property is valued for tax assessment purposes primarily based on the income approach to valuation. However, it is common to find that the assessor has entirely omitted or overly minimized the costs associated with getting the tenant in the first place.
Columns & Departments
Co-ops and Condominiums
Board Lacked Authority to Mandate Replacement of In-Unit WindowsLiquidated Damages Provision for Construction Delay Did Not Constitute Unenforceable Penalty
Features
Tariffs Bring Largest Decline In CRE Confidence Since COVID
Some of the biggest guns in commercial real estate have spoken in the wake of President Trump’s tariff announcements, and their views of the impacts on CRE financing and the economy are bleak.
Columns & Departments
Landlord & Tenant Law
State and City Prohibitions on Housing Discrimination Do Not Permit Suit Against a City
Features
Constitutionality of Tax Sale Practices Questioned By NY’s Second Department
When a village or other taxing authority conducts a tax lien sale, and the purchaser of the tax lien subsequently acquires a tax deed, what rights does the tax-delinquent former owner of the property enjoy?
Constitutionality of Tax Sale Practices Questioned
When a village or other taxing authority conducts a tax lien sale, and the purchaser of the tax lien subsequently acquires a tax deed, what rights does the tax-delinquent former owner of the property enjoy?
Landlord & Tenant Law
Owners Vicariously Liable for Discrimination By Real Estate AgentResidential Loft Tenant Entitled to Yellowstone InjunctionIndicia of Fraud Justify Examination of Rental History Beyond Base Date
Features
CA Supreme Court Upholds Co-Tenancy Clause
The Supreme Court of California determined that the landlord held the requisite control under the associated lease agreement with the co-tenant because that co-tenant was located on property owned by that landlord. The court made a clear distinction between that scenario and the situation where a co-tenant is located on property owned by an unrelated third party.
Development
Use Variance Mandated Under Relaxed Standard for Public UtilitiesAppeal of Variance Grant Moot Because Residence Was Completed
Features
Feds Downsizing Raises Concerns for CRE
The commercial real estate market, particularly the office sector, faces a significant and imminent challenge: substantial reductions in federal government leasing. It's not a question of if but how much Uncle Sam will downsize its office footprint.
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