Real Estate Advisor Law Blog

Real Estate Advisor Law Blog

Category Archives: Real Estate Tools

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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

New Real Estate Selling Tools

Posted in Real Estate Tools
Unmanned drones have been in the news lately.  First we saw them used in national security situations outside the United States.  Recently, there has been debate relating to the use of unmanned drones as a law enforcement and national security tool within the United States.  What about a less sinister use as a selling tool for … 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

ELIMINATING OFF-BALANCE-SHEET ACCOUNTING OF LEASES

Posted in Finance Issues, Leasing Issues, Real Estate Tools, Retail Industry Issues, Tax Issues
  Remember Enron and off-balance-sheet accounting scandals? The efforts to clean up these accounting practices are still in the works and are about to hit the world of commercial real estate—arguably at the worst possible time. The Financial Accounting Standards Board (FASB) (which is endowed with the power to decide U.S. generally accepted accounting principles) and its … Continue Reading

Necessity for Fair Housing Act Compliance Amplified by Recent Court Rulings

Posted in Construction Related Issues, Legislative Update, Litigation Issues, Real Estate Tools
The Situation: Certain covered dwellings that are not designed or constructed in strict compliance with the Fair Housing Act are increasingly subject to suit, with strict liability befalling developers, designers, and contractors alike.  In fact, contractors are strictly liable for FHA violations even if they correctly follow a designer’s noncompliant drawings.  Further, courts across America are … Continue Reading

Get Informed: Green Building is Here to Stay

Posted in Construction Related Issues, Environmental Issues, Green Energy Issues, Real Estate Tools
Green building is quickly becoming the "norm" across America, and those who are not familiar with it could be missing important opportunities in today’s construction climate.  The United States Green Building Council ("USGBC") is a non-profit community of leaders working to make green buildings available to everyone.   USGBC developed the Leadership in Energy and Environmental … Continue Reading

Cuyahoga County Land Bank Update

Posted in Conveyancing, Finance Issues, Real Estate Tools
In what has become an ongoing series here on the UB REAL Blog, we wanted to issue another update on the now year old Cuyahoga County Land Reutilization Corporation, better known as the land bank.  Over the past six months, the Cuyahoga County Land Bank has obtained more properties and received millions in funding from … Continue Reading

FIRST-TIME HOMEBUYER TEMPORARY FEDERAL TAX CREDIT EXTENDED AND EXPANDED FOR MILITARY FAMILIES

Posted in Finance Issues, Legislative Update, Real Estate Tools
Thank you to our friend Drew Stacey of First Place Bank for reminding us of the extension of the The First-Time Homebuyer Credit for the benefit of Military families for an additional year through May 1, 2011.  According to the IRS: "In general, you can claim this credit if: You bought your main home in the United … Continue Reading

Ladies and Gentlemen Start Your Engines !

Posted in Finance Issues, Legislative Update, Real Estate Tools
On October 30, a coalition of federal regulators issued the Policy Statement on Prudent Commercial Real Estate Loan Workouts. The Statement is designed to give greater flexibility to lenders in renegotiating or restructuring loans secured by commercial real estate, and should aid the flow of financing to credit-worthy borrowers.  The first purpose of the Statement is … Continue Reading

Ohio Creates New Markets Tax Credit and Revises Historic Tax Credit

Posted in Finance Issues, Legislative Update, Real Estate Tools, Tax Credit Issues
Ohio’s Budget Bill, signed by Governor Ted Strickland on July 17, contained provisions authorizing Ohio’s first state-run New Markets Tax Credit, as well as substantially revising the state’s Historic Preservation Tax Credit. Here is a breakdown of each: New Markets Tax Credit   Modeled after the federal New Markets Tax Credit, the state program allows up … Continue Reading

Cuyahoga County Landbank Update

Posted in Development Issues, Finance Issues, Legislative Update, Real Estate Tools
Some time ago in this space I wrote about the prospects for revitalization from the creation of the Cuyahoga County Land Reutilization Corporation, better known as the County Landbank. Since then the Landbank has gotten up and running, or walking perhaps, but has made little progress toward its goal of returning significant amounts of abandoned and … Continue Reading

New Market Means New Legal Issues

Posted in Development Issues, Real Estate Tools
 Thank you to Realtor Magazine: Online   for the wonderful article written by Mariwyn Evans about the new and unique challenges the real estate industry is addressing during the current economic times.  I was fortunate enough to be interviewed by Mariwyn for the article which you can read by following this link.  The article touches on … Continue Reading

Lien on Me: Strategies for Resolving Mechanics’ Lien Claims

Posted in Construction Related Issues, Litigation Issues, Real Estate Tools
A mechanics’ lien claim can give the contractor, subcontractor or material supplier making the claim a significant amount of leverage over a property owner in a payment dispute. This makes sense, of course, because the concept behind mechanics’ lien law is to provide some assurance that people will receive payment for work and materials they provide … Continue Reading

Sunny and Warm in Ohio

Posted in Finance Issues, Real Estate Tools
Monday marked the fourth straight day in Ohio of sunny skies and temperatures in the 80s.  That’s quite remarkable given that we are just five weeks into spring and the summer solstice is almost two months off.   The unusually hot weather was almost nice enough to make one think of being on a Florida spring … Continue Reading

Where Did the Tanks Go ?

Posted in Real Estate Tools
Have you ever asked the question when researching a property: "Where did the tanks go ?" or "What were the prior improvements ?"  Now Google Earth can help you out with the recent release of Google Earth v.5.0(beta).  A new tool will display satellite images for a parcel for as far back as satellite images … Continue Reading
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