Real Estate Advisor Law Blog

Real Estate Advisor Law Blog

Category Archives: Development Issues

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Return of the New Shopping Center

Posted in Development Issues, Mixed Use Development Issues, New Urbanism, Retail Industry Issues
For quite a while there has been very few new shopping centers being developed. Many people may have even questioned whether there would ever be any new significant shopping centers. Apparently, times have changed. In rapid succession, I have been engaged to do the lease up of two brand new, big time, large scale shopping … Continue Reading

Golf Courses Changing their Swings !

Posted in Development Issues, Retail Industry Issues
While the rest of the real estate industry recovers from the downturn of the last several years, the golf course industry is struggling to emerge; it remains a buyer’s market.  Some golf courses are converting to multi-use/multi-generational activities to attract more members and activity to their properties.  Others are converting from "member-owned equity" clubs to … Continue Reading

Re-Purposing for the Hospitality Industry

Posted in Development Issues, Hospitality Industry Issues, New Urbanism, Real Estate Tools, Tax Credit Issues
It seems that old is new again !  In cities throughout the U.S. buildings originally built for a specific purpose: banks, office buildings, schools and warehouses are being converted or "re-purposed" into other uses, but in particular into restaurants and hotels.  In Cincinnati alone there are three projects undergoing renovation for their new life as … Continue Reading

Top 10 Things You Should Know About Historic Tax Credits

Posted in Development Issues, Legislative Update, New Urbanism, Tax Credit Issues, Tax Issues
Earlier this fall, the National Park Service celebrated the 35th anniversary of the popular Federal Preservation Tax Incentives Program, which has helped in the preservation of historic structures across the U.S. and particularly in Ohio with its wealth of historic buildings. Because of the program’s numerous possible benefits and its important role in fueling economic … Continue Reading

Ulmer Berne 13th Annual Commercial Real Estate Deal Maker Forum

Posted in Development Issues, New Urbanism, Retail Industry Issues
The End of the Suburbs – Where the American Dream is Moving. That’s the title of the newest book by Leigh Gallagher, Assistant Managing Editor of FORTUNE Magazine, and the topic of much interest at the 13th Annual Commercial Real Estate Deal Maker Forum held this morning in Cleveland. The event was co-sponsored by Ulmer & Berne … Continue Reading

Just Add Water

Posted in Development Issues, Mixed Use Development Issues
Recently, at a conference in Santiago, Chile, I had the opportunity to meet Fernado Fishmann, founder of Crystal Lagoons, and to learn about how Crystal Lagoons is transforming real estate projects around the globe.  The concept came to Mr. Fishmann, a biologist turned real estate developer,  when trying to come up with a solution to turn around a … Continue Reading

Cincinnati Central Business District

Posted in Development Issues, Mixed Use Development Issues, New Urbanism
There has been much written of late about how Central Business Districts (CBDs) are the key to regional economic health, growth and sustainability.   We have written in the past about new urbanism concepts and concerns such as walkability and density. We have also written about the benefits of practical public transportation.   As I walk through the … Continue Reading

“Pocket Neighborhoods”: A Concept Worth Consideration

Posted in Development Issues, New Urbanism
Architect Ross Chapin, who has spent his career championing the "pocket neighborhood" concept has proven that "walkability" and "new urbanism" concepts which are successful in the Northwestcan be successful in the Midwest. TheInglenook community development in Carmel, Indiana is proof that "pocket neighborhoods" can be successful anywhere. We particularly like the concept for in-fill parcels and … Continue Reading

Modular Construction

Posted in Construction Related Issues, Development Issues, Real Estate Tools
Has modular construction finally come of age ?  The Modular Building Institute thinks so.  Modular construction is no longer just for preparation of walls and roof joists.  Today, contractors are using prefabrication and preassembly in construction of steel framed structures, multi-story structures, health care and education facilities.  The benefits of modular construction positively affects:   … Continue Reading

Risk Appetite: One Perspective from Chicago

Posted in Condominiums, Development Issues
YoChicago.com recently interviewed Alan Lev, CEO of Belgravia Group.  Alan discusses his company’s recent performance and strategies in this challenging market and his thoughts on the future of the Chicago residential real estate market and its ability to absorb the current inventories. What struck me as insightful and telling are Alan’s insights (at the video … Continue Reading

Value of Walkability

Posted in Commuting, Development Issues, Environmental Issues, New Urbanism
According to walkscore.com a walkable neighborhood has: 1)  A center: Walkable neighborhoods have a center, whether it’s a main street or a public space. 2)  People:  Enough people for businesses to flourish and for public transit to run frequently 3)  Mixed income, mixed use:  Affordable housing located near businesses. 4)  Parks and public space:  Plenty of … Continue Reading

Co-Working Office Space

Posted in Development Issues, General Business Issues, Leasing Issues, Office/Industrial Issues
As more workers and entrepreneurs are requiring space to hold meetings and appointments outside the company office, there is a growing need for locations away from homes in which to "plug in", make phone calls without the background music and noise of a Starbucks or other such cafe. The industry which addresses this need is referred … Continue Reading

Is There a Walmart in Your Future ?

Posted in Development Issues, Leasing Issues, Retail Industry Issues
 Walmart has opened its supercenters in many if not most urban and rural communities.  Where do they go next ?  With the over abundance of strip store space just about everywhere Walmart has many options.  Walmart is embracing the concept of ‘in-flll" with three concept store formats with which they are experimenting:   Walmart Express: … Continue Reading

Are We There Yet?

Posted in Development Issues, Leasing Issues
            The ubiquitous refrain at any gathering of commercial real estate professionals in the past 24 months can be summed up in a few short questions: Are you busy? Who is lending? No, seriously, who is lending? And — of course — when will this end?             As 2011 kicks into gear the refrain is the same but our … Continue Reading

Contractors, Landlords, and Property Managers Must Take Care to Comply with New Lead Paint Regulations

Posted in Development Issues, Environmental Issues
Pursuant to a new rule passed by the Environmental Protection Agency, all contractors, landlords, and property managers performing or hiring for painting projects that disturb lead-based paint must now become "lead-safe" certified before performing work on houses built before 1978.  The new requirement also applies to weatherization projects, and to schools, day care facilities, or other commercial properties occupied by children.  … Continue Reading
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