Real Estate Advisor Law Blog

Real Estate Advisor Law Blog

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Cincinnati Commercial Real Estate Summit

Posted in Retail Industry Issues, Uncategorized
I just attended the Midwest Real Estate News Magazine Cincinnati Commercial Real Estate Summit. I heard a very interesting discussion about the Cincinnati real estate market, addressing retail, office, industrial, healthcare and investment properties. Norm Khoury of Colliers International was the moderator. John Thompson of Newmark Grubb Knight Frank discussed retail issues. John commented that… Continue Reading

What’s Hot – What’s Not

Posted in Uncategorized
As 2015 comes to a close, it’s time to make resolutions and to consider what is trending. My resolution is to eat better – more of a plant based diet with less processed foods. It’s either that or buy a new wardrobe. I just need someone to invent a plant based donut (that still tastes… Continue Reading

Leases R Us

Posted in Uncategorized
In anticipation of the October Grand Opening of Liberty Center, we recorded a video recognizing the creative genius and forward thinking of Yaromir Steiner and Steiner + Associates. It is posted at our website – Ulmer.com. They have already announced a great roster of tenants who have signed leases: Dillard’s, Dick’s Sporting Goods, Kona Grill,… Continue Reading

Interest Rate Hike?

Posted in Uncategorized
We have been hearing a lot for a long time that interest rates are going to be on the rise.  In fact, in early summer, we did see a jump in the prime rate.  However, the Federal Reserve has not moved yet to increase the rate that it charges to banks.  It is anticipated that… Continue Reading

Try It, You’ll Like It.

Posted in Real Estate Tools, Uncategorized
A beta version of Cuyahoga County’s property information website called MyPlace is now up and running. There is no need to separately search the webpages of the county recorder and county auditor (two divisions of the County Fiscal Office) in order to obtain property information in Cuyahoga County.  Now, all information is available in one… Continue Reading

A Mortgage Loan Bloodline

Posted in Uncategorized
It is a parking lot.  In fact, it has been a parking lot for 25 years now. In 1990, the building located at 33 Public Square, then officially yet non-descriptively known as the “Public Square Building,” was demolished to make way for what was to be the new, high rise headquarters for Ameritrust, successor to… Continue Reading

Eat to Live – Live to Eat

Posted in Uncategorized
I eat out a lot, and I enjoy it. In fact I prefer it. Being able to enjoy different ambiences and different tastes, and having someone else wait on me and clean up after me, makes eating out fun. Apparently, I am not alone. Even when the economy suffers, the restaurant industry remains strong. I… Continue Reading

Supreme Court Of Ohio Rules That Municipal Ordinances Related To Oil And Gas Are Preempted By State Law

Posted in Uncategorized
On February 17, 2015, the Supreme Court of Ohio ruled that certain oil and gas-related ordinances of the city of Munroe Falls are preempted by state law. State ex rel. Morrison v. Beck Energy Corp., 2015-Ohio-485 (Read the opinion here). In this case, Beck Energy obtained a permit from the Ohio Department of Natural Resources… Continue Reading

Not Just My Kids Who Need (Want) Larger Allowance

Posted in Leasing Issues, Uncategorized
The new IRS repair regulations can impact how tenant allowances are structured. Traditionally, landlord and tenants have relied on the Section 110 safe harbor so that provided the allowance is spent on leasehold improvements, the allowance is not taxable to the tenant and the landlord depreciates the leasehold improvements over 39 years. Under the repair… Continue Reading

Hot or Not?

Posted in Uncategorized
 The future of Radio Shack appears to be in jeopardy. The news got me thinking about the hot retailers to target as replacements, or just to target as draws for your center. Apple store.  No duh. Every Apple store is incredibly successful. They generate large sales because they have great products and provide a great retail… Continue Reading

O-H-I-O

Posted in Uncategorized
Now that The Ohio State Buckeyes have won the National Championship and proven that we in Ohio ARE the best in college football, it made me think about what else we do great in Ohio: We are the Mother of Presidents. More of our country’s presidents come from Ohio than any other state. William Henry Harrison,… Continue Reading

Posted in Uncategorized
Kaplanhttps://www.youtube.com/watch?v=ze-2r0zchGc In January 2009 we launched the RealEstateAdvisorLaw Blog. Our approach was to bring trends and legal developments related to the real estate industry in a fresh hit and run format. From the re-purposing of under used real estate assets to leasing trends, hospitality industry updates and from fast track construction to environmental regulations, the… Continue Reading

Skylight POV

Posted in Uncategorized
My office in the southwest corner of the top floor of the  Skylight Office Tower in downtown Cleveland provides a great view point for the comings and goings on the Cuyahoga River below.  My last blog post dealt with the development of the Towpath reclamation project along the River south of Collision Bend. Today, I am… Continue Reading

Ohio Foreclosures Decline 4% in 2010

Posted in Uncategorized
After 15 years of annual increases, the overall number of residential and commercial foreclosures in Ohio actually decreased by 4% in 2010 compared to 2009, according to a report by the Supreme Court of Ohio. Of course, not every county was so fortunate with   30 out of 88 counties experiencing an increase in foreclosures. Cuyahoga County, home… Continue Reading

Another Sign of the Apocalypse

Posted in Uncategorized
No one in the real estate business – – whether a broker, attorney, developer or contractor – – can engage in any conversation with someone in or out of the business without being asked “when will the recovery begin?” And, as everyone knows, there is no assuredly correct answer.   Predictions and prognosticators, however, are bountiful. They… Continue Reading

Ohio Court Applies Mootness Doctrine upon Distribution of Foreclosure Proceeds

Posted in Uncategorized
Ohio’s Ninth District Court of Appeals dismissed an appeal from a foreclosure judgment in March after ruling that the disbursement of sheriff sale proceeds rendered the appeal moot. In Bankers Trust Company of California v. Tutin, 2009 Ohio 1333 (9th Dist. Ct. App. 2009), Bankers Trust filed a complaint for foreclosure against Barry Tutin, alleging Tutin… Continue Reading
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