The construction industry is witness to some fascinating developments, particularly around trophy properties in prime US coastal cities. Within the US –and California particularly- we’re seeing a large number of reputable, experienced contractors banding together to pitch and win construction contracts on trophy properties. Companies that once ferociously competed have joined forces under Joint Venture … Continue Reading
Several types of bonds exist in the development world. So, which type of bond is best for your project? A payment and performance bond is a combination instrument. It’s first a payment bond that guarantees that the contractor will pay the labor and material costs they are obliged to pay. But it’s also a performance … Continue Reading
Welcome to 2017 and the first posting of the New Year on realestatelegalupdate.com. In a Law360.com article published on January 2nd titled “California Real Estate Legislation and Regs to Watch in 2017,” Andrew McIntyre of Law360 addresses the challenges facing the California real estate market in the new year. Simon Adams of Reed Smith is quoted extensively in … Continue Reading
In a Law360.com article published on July 12th titled “4 Ways Brexit Could Shape The US Real Estate Landscape,” Andrew McIntyre of Law360 looks at four ways attorneys say the Brexit could play out in the following US real estate market areas: Office investment increases Lower interest rates Declining US hotel occupancy rates Luxury residential gets a … Continue Reading
In a Law360.com article published on January 4th titled “California Real Estate Legislation and Regulation to Watch in 2016,” Andrew McIntyre of Law360 addresses the challenges facing the California real estate market in the new year. Here are the items on the 2016 legislative agenda: Proposition 13 Bay Area Housing Earthquake retrofitting San Francisco’s Proposition M Overall … Continue Reading
In a Law360.com article published on December 23rd titled “4 Areas of Retail Real Estate to Watch in 2016,” Andrew McIntyre of Law360 writes about the changes we will see in retail in the new year. The four developing areas are: Unlocking Additional Value Moving to Smaller Spaces Opening new categories of restaurants Tinkering with the … Continue Reading
In a Law360.com article published on December 17th titled “4 Common Errors in Year-End Race to Seal Real Estate Deals,” Simon Adams of the San Francisco office of Reed Smith offered his thoughts on the risks that appear when speed becomes a requirement of year end deals. Andrew McIntyre of Law360 identifies the following common … Continue Reading
In a Law360.com article published on August 18th titled “4 Tips For Advising Tech Companies On Real Estate Deals,” Simon Adams of the San Francisco office of Reed Smith offered his thoughts on the property challenges facing technology firms. Andrew McIntyre of Law360 identifies the following tips: Need for expansion drives many deals Simon states … Continue Reading
In a June 9th article on Law360.com, Simon Adams comments on the challenges commercial real estate investors face when seller are requiring prospective buyers to undertake due diligence in ever shortening time frames. Among the four methods is locating pre-existing surveys and documents, which can be substantial time and money savers for prospective buyers. The … Continue Reading
Simon Adams of Reed Smith’s San Francisco office commented on a Law360 article concerning the pitfalls foreign investors face when investing in US based hotels. The article addresses five areas where investors new to the US hotel market should exercise care. A failure in any one area can be the difference in a successful hotel investment. … Continue Reading
In an article published on Law360.com titled “Banks Face Steep Learning Curve In Targeting Senior Housing,” Simon Adams of Reed Smith’s Real Estate Practice Group comments on the complexities banks face with senior housing project lending, a financing area new to major banks. The article addresses issues specific to senior housing, triggered by an announcement … Continue Reading
In an article published on Law360.com titled "Tech Was ‘Not Tethered To Spreadsheets’ For 2014 RE Buys," Simon Adams of Reed Smith’s Real Estate Practice Group comments on the real estate market effects in Northern California caused by a booming tech industry demand for office space. Tech companies are doing massive deals, often demanding lease terms … Continue Reading
In an article published on Law360 titled "History Complicates San Francisco’s Surging Real Estate Development," Simon Adams of Reed Smith’s Real Estate Practice Group comments on the challenges developers face with historic-designated properties in the city. " I think [the need for housing is] a particular challenge to San Francisco right now,” noting the tension between the … Continue Reading
In an article appearing on law360.com, Simon Adams of Reed Smith’s Real Estate Practice Group was interviewed on the impact of changes to California green building laws and mandates. In particular, his comments focused on new real estate investors and developers: "Certainly, in terms of counseling anybody particularly coming in from outside of the state, we’re … Continue Reading
What’s happening in the medical office building market in 2014? Data supplied by Real Capital Analytics Inc reveal a slight downturn in early 2014 for sales of medical office properties. That is somewhat surprising considering the very strong 4th Quarter 2013 results for this market segment. Nationally, we have seen a number of notable sales … Continue Reading
Effective January 1, 2014, owners of nonresidential buildings of 10,000 square feet or more must disclose energy use information to prospective purchasers, lessees and lenders. Owners of nonresidential buildings 5,000 square feet or more can look forward to the same disclosure obligations beginning July 1, 2014. The new law (AB 1103) establishes a benchmarking system … Continue Reading
The first quarter of 2013 showed steady activity of merger and acquisition transactions, and the year continues to excite business and transaction lawyers. Headlines in the business pages announce the latest target takeover on a weekly basis. This year, Berkshire Hathaway announced its desire to spend billions of dollars on large acquisitions, then landed the … Continue Reading
Where Can Risk Be Reallocated by the Contract? As the business cycle grinds forward in a low-growth environment, it is clear that considerably more time is being made available to long-term commitments such as real estate lease contracts. Several areas present opportunities for both Landlord and Tenant representatives to utilize the Lease negotiation to reduce … Continue Reading
