By Phillip H. Babich and Sara M. Eddy Less parking and more housing, or just less parking? Figuring out parking configurations for development projects in California will get a little easier for developers starting January 1, 2023. The state legislature has adopted Assembly Bill 2097 (AB 2097), and Governor Gavin Newsom (D) signed it into … Continue Reading
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
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 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 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
