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Boon for Affordable Housing 

A recent U.S. Supreme Court decision not to review a ruling from the California Supreme Court in Building Industry Association v. City of San Jose gives cities across the country a road map to use zoning to impose affordable housing requirements on new housing developments. 

This U.S. Supreme Court decision has opened the door for a new way of requiring more private developers to subsidize affordable housing.  It is only a matter of time until local governments use this inclusionary zoning tool as a way to help fund the high demand for lower cost housing.

Tug of War 

The year is coming to a close. Now is the time to consider charitable donations for today and tomorrow.

Individuals may think about what charities have made a difference in their lives. Or ask themselves what legacy they want to create. Now Alfred Nobel is not remembered as a cannon manufacturer but for funding the prestigious Nobel Prizes.

Series LLCs 

Utilizing this structure partitions risk. A series limited liability company is an entity structure that allows for the formation of multiple segregated LLCs, known as “series,” under the umbrella of a single “master” or traditional LLC. In 1996, Delaware became the first state to enact a series LLC statute.

Taking Charge 

Owners can avoid pitfalls in tenant leasing. Landlords and property owners of commercial and industrial property often underestimate the importance of analyzing their property tax assessments for leased buildings. The rationale for skipping this review is simple. The property taxes are paid by tenants through

Chasing Value 

Change in tax law for REIT spin-off deals sparks creative solutions. Recent changes to the Internal Revenue Code have ended the tax-free benefits of real estate investment trust spin-off transactions. Characterized by some as a Wall Street loophole, the beneficial structure enabled operating companies to dist

Watch Your Language 

Avoid 5 common mistakes in contract environmental clauses. For decades, I've advised financial and strategic commercial real estate buyers and sellers in connection with the environmental aspects of their transactions. I review scores of acquisition agreements each year. Objectives of the parties are oftenti