Red Hot Apartment Investment Market Starts to Cool
Office-to-Apartment Conversions – A Good Idea, but Tricky to Pull Off (Audio)
Managing Apartment Turnover: From Launch to $10M Series A, with Rent Ready's Jonathan Kite
Law Brief: Urban Living After COVID-19
Across the United States, empty office buildings have become a common sight. According to Moody’s Analytics, office vacancies are at their highest since the 1990s. The COVID hangover has left us with an abundance of vacant or...more
BOSTON—City’s First Office-to-Residential Conversion Project Begins -Construction has officially begun on Boston’s first office-to-residential apartment conversions. This effort is a part of a City pilot program aimed at...more
As spring begins to give way to summer, legislative activity shows no signs of cooling off. Our May TOPA Alert generated many questions and comments and a further update on the pending TOPA reform legislation is included...more
Owners of buildings designated for long-term rentals are entitled to significant tax benefits that are being granted in order to encourage the construction of buildings that include residential apartments earmarked for...more
As discussed in previous Holland & Knight alerts on Dec. 10 and Dec. 18, 2024, New York City recently made comprehensive changes to its Zoning Resolution, known collectively as City of Yes for Zoning for Housing Opportunity...more
Thanks to the Boston Bar Association (BBA) and Ian Urquhart at Nutter, McClennen & Fish, for recently coordinating a BBA member walkthrough of Stellata, which is the first-completed of 15 proposed new buildings at the Bunker...more
Vacancy rates across the state are showing improvement, particularly in San Francisco, which reflects California’s housing shortage. Demand also remains strong, and supply is growing, suggesting confidence in the sector...more
A roundup of news and multimedia from the Unfamiliar Terrain team: San Francisco - Can downtown be saved? Mayoral candidates’ big ideas to stop the bleeding (SF Standard): The candidates agree that something must be...more
The Victorian State Government (the Government) has announced a temporary expansion of the off-the-plan duty concession for purchasers of residential apartments and certain townhouses. The measure is a part of the...more
In our latest roundup, construction output decreased, office utilization unchanged, September apartment starts fell 15% from a year ago as developers pulled permits, and more!...more
As the multifamily sector continues to navigate turbulent waters, our commercial real estate group works hard to stay informed about both market trends and the legal implications that accompany them. In August, we have been...more
In our latest roundup, nonresidential spending drops, realtor payment structure changes, office vacancy rates soar, and more!...more
In our latest roundup, renters stay in their units longer, GenAI change how commercial real estate operates, and banks continue high exposure due to commercial real estate....more
Governor Maura Healey has called out housing as Massachusetts’ biggest challenge—both increasing the pace of production and lowering the cost of living. Given projections that the Commonwealth will absorb 610,000 new...more
As an incentive to builders to create more rental housing units, the federal government has announced the effective elimination of the goods and services tax (GST) payable on newly constructed rental housing, such as...more
In Part 7 of our build to rent (BTR) Series, we take a look at the current BTR market in Australia and the potential impacts of BTR developments on the residential sector....more
A roundup of news and multimedia from the Unfamiliar Terrain team: San Francisco - S.F. housing production slows to crawl as state goals loom (San Francisco Chronicle): The Planning Department’s annual housing...more
After 12 arduous years, the 315-unit Terraces of Lafayette apartment project is finally clear to be constructed now that the California Supreme Court rejected Save Lafayette’s request for review. The Court also rejected Save...more
A measure known as the “Builder’s Remedy” added to the state’s Housing Accountability Act in 1990 has suddenly become the focus of developers looking to bypass typical zoning rules and build high-rise apartment projects....more
Q. We have a customer that is expanding into Florida with new apartment complexes and told us that we don't need a license (general contractor) if we are just running a few projects. Is this true? A. No. Although...more
Attorney Kimberlee Stafford studies office-to-apartment conversions as a possible response to the housing crisis. Apartments, Commercial Buildings, Conversion, Office Closures, Residential Leases, Single-Family Housing,...more
After years of expectations, the government has approved the legislative amendments needed to promote “Urban Renewal” projects in Israel. While everyone is talking about the amendment lowering the threshold of consent for...more
On September 16, 2021, Governor Newsom signed two bills that take effect on January 1, 2022, and are intended to foster more intensive residential development in existing single-family zoned areas. One of these, Senate Bill...more
In episode #26 of Industry Insights podcast, Steve Hamilton joins host Joel Simon to discuss certain segments of the real estate market and related financing that remained robust in the midst of the pandemic....more
Expanding and preserving affordable housing continues to be a top priority for the District of Columbia Council (D.C. Council) at the beginning of the new year. The impacts of COVID-19, particularly the associated job losses...more