“‘… [W]hen the court adopts the standards of the market place in making valuations there is no reason why it should close its eyes to how the market place arrives at and applies the standards. …‘, ‘It is difficult to perceive why testimony, which...

Two friends identify an attractive commercial real estate investment. They’ll form a limited liability company (LLC) for the investment and both invest. They’ll also raise more capital from friends and family, a great opportunity for all concerned....

Many books and articles have been written about the various elements and stages of a real estate development project. Most of those works are written from the perspective of the real estate developer, so they are heavily weighted toward the stages...

One of the most difficult challenges facing those who advise owners of family businesses is to get them to take the first step in the planning process. Too many advisors present many alternative (and sometimes conflicting) strategies, leading the...

A lot has changed in this world since this article was first written. The pandemic has had an enormous effect on commercial real estate, but its longterm impact may not be known for years. Although the pandemic has accelerated change, it has not...

Property owners, tenants, and their attorneys and other advisers have lately spent a lot of time negotiating lease amendments and waivers to give tenants breathing room in today’s COVID-19-driven shutdowns. These negotiations typically deal with...

Loan applications are an important, but sometimes overlooked, component of the mortgage financing process. A properly drafted loan application, among other things: • Identifies the correct borrower and guarantor (if any) and describes the proposed...

In theory, turning over control of a community association from the developer to the homeowners should be relatively easy. The governing documents advise when transition occurs, the date arrives, and then the developer delivers a bunch of documents...

1. Notify your client if property being sold could qualify for section 1031 treatment Section 1031 applies to real property held for use in a trade or business or for investment. If the real estate deal that you are working on involves business-use...