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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
Please join us for this informative webinar today. If you can not participate you can access the webinar through our sponsor. The link is the title to the webinar.The hotel industry is in an upswing as this cyclical industry continues to heat up and is one of the most active real estate segments in today’s economy. How can counsel pave the way for hotel clients to identify and negotiate financing deals?
While financing from traditional lenders is relatively scarce, savvy industry insiders are finding additional sources of financing and are driving a new era of innovation in real estate finance. Preferred equity investments, tax credit funds and EB-5 financingare common.
Commercial mortgaged-back-securities loans, historically an important hotel financing source, came back into play in recent years. New CMBS loans are more complex and difficult to navigate than before, but can be a critical source of financing for certain deals.
Listen as our authoritative panel of real estate finance attorneys guides you through the various financing tools and sources of money available for hotel financing, including CMBS financing, tax credit funds, EB-5 financing and preferred equity investments. The panel will also address legal issues that can present financing challenges in this post-recession environment.
Mr. Kaplan assists owners, operators and receivers of hotel, office and industrial properties with their real estate, finance, leasing, construction and organizational challenges; specifically, negotiating and drafting hospitality, purchase, sale, financing, leasing, construction, franchise and management agreements. He serves as general counsel and national real estate counsel to several domestic and internationally based public and privately held companies.
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
Recently, I had the opportunity to visit our firm’s new Columbus, Ohio offices. The office design and space use is so refreshing and sharp. What caught my attention most was the creative re-design/re-purposing of the office kitchen (picture above). No longer a galley room with a microwave, refrigerator and a toaster; today’s office kitchen is
If you do not know what "RevPar" is keep reading. "RevPar" is defined as Revenue per Available Room or the total guest revenue divided by the total number of available rooms. ( STR Global maintains a useful glossery of hospitality industry terms.) RevPar is an important metric in the hospitality industry because it measures
Fortune Magazine recently published an article relating to a conversation with the CEO of Kimco Realty, Dave Henry. Henry makes some very compelling arguments as to why strip malls and brick and mortar retail in general is here to stay for a while and why the population demographics will continue to provide ample
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
Back when this Blog was in its infancy our partner, Kristin Boose, reported on the then legislative environment relating to the Interstate Land Sales Full Disclosure Act of 1968. As many of you already know the Act is broad in its application and can be dangerous to a developer if not complied with to
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Watch the above video of the Flix Brewhouse concept. Flix Brewhouse solves the age old date night dinner and a movie dilemma ! It is the one stop entertainment solution for an evening of theater, drinks and dinner. The concept is simple: first run movies, fresh craft beers brewed on the premises and
Amendments to FIRPTA through H.R. 2870 (also known as the Foreign Investment in Real Property Tax Act of 2013) are being proposed in Congress and if approved by the President should increase foreign capital invested in U.S. Reits. H.R.2870 will permit the foreign ownership threshold of REITs subject to FIRPTA to increase from 5% to 10%.