On Thursday, July 17, 2014, in the matter of Robinson Township, et. al. v. Commonwealth of Pennsylvania, the Commonwealth Court of Pennsylvania issued the latest decision in the state judicial system’s ongoing review of amendments to Pennsylvania’s Oil and Gas Act (“Act 13”). Under a prior decision issued on July 26, 2012, the Commonwealth Court … Continue Reading
There is no question that Chinese investors have played an important role in maintaining deal flow over the past several years, especially for trophy properties in gateway cities like London and New York. However, until recently, these investors have been at a competitive disadvantage due to a lengthy government review and approval process. Under prior … Continue Reading
Sustainable development practices started as a push, with building owners and occupants pushing the industry to create superior product. Slowly, governmental entities have begun to pull developers in the same direction by offering incentives, such as increased floor area ratios or maximum density. It is inevitable that these entities will ultimately move toward mandates, without … Continue Reading
Last week, the U.S. House of Representatives voted unanimously to approve H.R. 2600, which, if ultimately passed, would expressly exempt condominium developments from the Interstate Land Sales Full Disclosure Act (“ILSA”). If a developer fails to satisfy ILSA requirements, a contract purchaser may have revocation rights; so an exemption from ILSA would be a welcome … Continue Reading
