The value of water has risen in the U.S. especially in areas where droughts have become more prevalent. Though water rights can be transferred between entities, there are restrictions, limitations, and federal approval required. Read this article regarding a lawsuit...
Cities impacted by commercial real estate vacancies are seeing more commercial buildings converted to residential units. Such conversions may be promising, with lucrative returns for developers and owners, but going through the conversion process presents its challenges...
Manufactured housing communities (MHCs), also commonly referred to as mobile home parks, continue to increase in popularity, while state and local regulations governing them also continue to expand. Read this practice note to learn about MHCs in California, where...
Capital gains tax obligations arising out of an investment property sale may be deferred. Section 1031 of the Internal Revenue Code provides that no gain or loss is recognized when real property held for productive use in trade or business, or for investment (Relinquished...
New York State recently enacted the “Good Cause” Eviction Law limiting evictions and rent increases in New York City and potentially other municipalities within the state. Read this article to familiarize yourself with the definition of “Good...
Environmental, social, and governance (ESG) is a hot topic, often considered part of the conscience or character of a business. It is a framework used to evaluate a business's practices and performance or assets on sustainability and ethical issues such as...
The U.S. Supreme Court’s recent decision striking down the Chevron Doctrine may impact interpretation of ambiguous legislation, potentially including real estate-related laws such as the Fair Housing Act (FHA), National Environmental Policy Act (NEPA) reviews...
While landlords initiate many evictions for rent payment defaults, they also evict tenants for other lease breaches and violations of federal, state, or local laws. Both landlords and tenants should familiarize themselves with potential tenant eviction grounds...
Perfluorinated and Polyfluorinated Substances (PFAS) are found in many consumer products such as cookware, food packaging, cosmetics, and stain repellants, and can be released into the air, soil, and water, including drinking water sources. With the Environmental...
With the expansion of the short-term rental market, many jurisdictions are addressing concerns caused by the influx of transient occupants, including safety and liability issues. Learn about New York City’s Short-Term Rental Registration Law, also known as...
Many local governments charge development impact fees, which are typically used to fund local infrastructure. However, the U.S. Supreme Court’s recent Sheetz v. County of El Dorado decision, clarifying that the Takings Clause applies to municipal development...
A preferred equity investment is a structured real estate investment financing where capital is invested for a fixed term in exchange for an agreed return. While such capital is subordinate to debt, it takes priority over common equity. Preferred equity may be...
As more marijuana businesses seek locations to grow and sell their product, an increasing number of landlords are looking into meeting this need. Before renting property to a cannabis business, property owners should be aware of logistical issues concerning zoning...
Expand your knowledge of due diligence for commercial real estate financings--covering topics such as evaluating borrowers, guarantors, and commercial properties that will serve as collateral. Our Commercial Real Estate Financing Due Diligence Resource Kit contains...