The Ohio Department of Development has announced the availability of $8,000,000 in grant funding for qualifying energy efficiency projects undertaken at existing multi-family, commercial, and institutional buildings. The goal of the program is to encourage the installation of energy efficiency equipment that will measurably improve the energy efficiency of existing multi-family, commercial, and institutional buildings. The program
March 2010
Mixed Use Centers – How Do You Allocate CAM?
Almost all new build shopping centers are mixed use – they include some combination of office and residential in addition to the retail space. Elizabeth Hamilton, in house Real Estate Counsel at Office Depot, recently reminded me of the special problem this presents in allocating CAM, taxes and insurance. Some portion of each must be…
Location, Location, Location !
Recently, Crain’s Chicago Business published an article about Vienna Beef’s Hot Dog University. Given the continued state of the commercial real estate industry many of our colleagues have had to "look" for new opportunities. Hot Dog U struck me as just about the most entrepreneurial idea I have seen in a long time. All…
AFA Does Not Mean Discounting Fees
Everyone is talking about Alternative Fee Arrangements (AFAs). Some clients are demanding it; some firms market themselves as special because they will consider it; some attorneys are frankly scared of it because they think all it means is that they will be required to discount their fees.
In reality, an AFA is nothing more…
MORE SNDA THOUGHTS….
An interesting situation has come up several times just recently (these issues come in droves – after never confronting the issue for a really long time, all of a sudden you get the same issue coming up again and again):
- Tenant relocates to new space in the same center;
- Landlord and Tenant amend existing lease
…