Take a look at a very informative article appearing in the July 2010 Shopping Center Today describing the recent activity of several sovereign wealth funds shopping for distressed real estate to acquire. Perhaps this is the cash we have been hearing about which has been sitting out the downturn ?
Congratulations to Kayla Ashley daughter of Jennette Ashley, one of our real estate paralegals, for the recognition of her work on behalf of the Ronald McDonald House near Cincinnati Children’s Hospital. The local Fox TV affiliate Channel 19 recognized Kayla’s volunteer work during their Pass the Cash spot. Click on the link to watch.
Ulmer & Berne LLP Real Estate Practice Ranked 1st in Ohio; 7th in the Midwest by Midwest Real Estate News Magazine
Ulmer & Berne LLP announced today that Midwest Real Estate News magazine named the Firm seventh on its list of 2010 Best of the Best Midwest Real Estate Law Firms. Ulmer & Berne was
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:
You bought your main home in the United States after 2008 and before May 1, 2010 (before July 1, 2010, if you entered into a written binding contract before May 1, 2010), and
You (and your spouse if married) did not own any other main home during the 3-year period ending on the date of purchase.
No credit is allowed for a home bought after April 30, 2010 (after June 30, 2010, if you entered into a written binding contract before May 1, 2010). However, if you (or your spouse) are on qualified official extended duty outside the United States for at least 90 days after 2008 and before May 1, 2010, you have an extra year to buy a home and claim the credit. In other words, you must buy the home before May 1, 2011 (before July 1, 2011, if you entered into a written binding contract before May 1, 2011)."
According to FEMA the National Flood Insurance Program is no longer in effect. See the post from the FEMA website below and on this link:"The NFIP will not be reauthorized by Congress by midnight of May 31, 2010. Therefore, the Program will experience a hiatus – a period without authority to:
According to Steve Timmel of Grubb & Ellis West Shell 94% of the Cincinnati area office/industrial deals completed in the last 36 months have been to buyers from outside the Greater Cincinnati area. This statistic is astounding ! What is it about the Greater Cincinnati commercial real estate market which is so attractive to
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
Recently, 60 Minutes aired a story about Bloom Energy, a Silicon Valley alternative energy start-up, which has developed fuel cell technology capable of taking us off of the electrical grid. The video speaks for itself so watch it below. As you watch it, think about how technology such as this will transform the real estate
Long before ‘billable hour" accounting became the norm in law firms, lawyers would price projects based upon what was fair to both the client and the lawyer. That is not to say that billings based on time is unfair, only that it can be unpredictable. Billable hour accounting dictates accountability which is and will remain
Our good friend, Abe Schear, Chairman of the Leasing Practice Group at Arnall Golden Gregory in Atlanta, pens a newsletter called Baseball Digest(able). Abe’s January issue is a powerful piece of insightful writing which merits all of our attention. Since many of the deals in the real estate industry occur as a