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Morrison & Foerster LLP

New York Lawmakers Approve Ban on Rent Minimum Clauses in Mortgage Loan Transactions: Bill Not Yet Signed Into Law By Governor

How much chaos might a three-sentence bill that was quietly passed by the New York State legislature sow on the real estate lending industry? Potentially plenty. On June 13, 2025, a bill passed by the New York Assembly (A....more

Roetzel & Andress

Say Goodbye to State Sales Tax on Commercial Rent and License Fees

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New Florida legislation will have a significant impact on the commercial real estate market. Florida House Bill 7031 (“HB 7031”) will become effective October 1, 2025, repealing the state sales tax on commercial rent and...more

Mayer Brown

A Bolt From the Blue: Upwards - Only Rent Reviews to Be Outlawed

Mayer Brown on

INTRODUCTION - Just as we were winding down for the summer, the commercial property industry was shocked by the announcement that the government has unexpectedly decided to seek to ban upwards only rent reviews (“UORR”)....more

K&L Gates LLP

Upwards-Only Rent Reviews to be Banned in New Commercial Leases

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Summary - As part of the English Devolution and Community Empowerment Bill (the Bill), the Government has announced plans to ban upwards-only rent reviews in new commercial leases in England (English Devolution and Community...more

Davies Ward Phillips & Vineberg LLP

Canadian Competition Bureau’s Final Guidance Discourages Property Controls

The Canadian Competition Bureau (Bureau) raised concerns in its 2023 market study of the grocery sector about the use of competitor property controls (i.e., terms in commercial leases or covenants that run with the land) to...more

A&O Shearman

Ban on upwards only rent reviews—a major shake-up for commercial real estate?

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Without prior consultation, the UK government has introduced a significant reform to the commercial property landscape through the English Devolution and Community Empowerment Bill (the Bill), published on July 10, 2025. ...more

Morris, Manning & Martin, LLP

The One Big Beautiful Bill: What Every Commercial Real Estate Investor Needs to Know

The commercial real estate landscape is undergoing one of its most significant policy overhauls in years. The recently enacted “One Big Beautiful Bill” brings sweeping changes to tax incentives, financing rules, and...more

Vorys, Sater, Seymour and Pease LLP

Material Changes Transform the Ohio TMUD Tax Credit

The new Ohio budget signed June 30, 2025 (the Budget Bill or HB 96) enacts substantial changes to Ohio Revised Code Section 122.09, the Transformational Mixed-Use Development Tax Credit (TMUD Tax Credit). The TMUD Tax...more

Fox Rothschild LLP

Sticker Shock at Closing Tables for Dealership Sellers

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Selling an auto dealership in New Jersey just got more expensive — and more complicated. As of July 10, 2025, changes to New Jersey’s so-called “Mansion Tax” have shifted the burden of this transfer tax onto the seller. A...more

DLA Piper

One Big Beautiful Bill Act: Top Points for Real Estate and REITs

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President Donald J. Trump signed the legislation commonly known as the “One Big Beautiful Bill” (Tax Act) into law on July 4, 2025. Below are five key takeaways for sponsors and investors in real estate and real estate...more

Bilzin Sumberg

HB 7031 – Florida Eliminates State Sales Tax on Commercial Rent

Bilzin Sumberg on

HB 7031 was adopted by the Florida legislature and signed into law by Governor DeSantis on June 30, 2025. Among other modifications to Florida tax law, the Bill repeals Section 212.031, Florida Statutes, which provided for...more

McCarter & English, LLP

Mansion and Controlling Interest Transfer Tax Amendments Signed Into Law: Buyers and Sellers Must Move Fast to Avoid Rate Increase

On Tuesday, July 1, Governor Phil Murphy signed into law Senate Bill S4666/Assembly Bill A5804 (collectively, the Bill), which impacts certain transfers of real property. The Bill amends the existing fees imposed on certain...more

Hogan Lovells

UK ESG Real Estate Update - Summer 2025

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In our latest ESG update, Hannah Quarterman and Rosie Shields examine the potential introduction of the Nature Restoration Fund as part of the Planning and Infrastructure Bill, Ben Willis explores the inclusion of green lease...more

Coblentz Patch Duffy & Bass

What We're Reading, Watching, and Listening To: June 2025

A roundup of news and multimedia from the Unfamiliar Terrain team: San Francisco - Mayor Lurie names new S.F. planning director (SF Chronicle): Sarah Dennis Phillips has been named the City’s planning director,...more

Saul Ewing LLP

Philadelphia Increases Realty Transfer Tax Rate to 3.578% Starting July 1, 2025

Saul Ewing LLP on

Effective July 1, 2025, the realty transfer tax rate for properties or acquired real estate companies sold in the City and County of Philadelphia will increase to 3.578%, in addition to the Commonwealth of Pennsylvania realty...more

Allen Matkins

What impacts are you seeing from California Assembly Bill 98 on the financing and development of industrial projects? How are...

Allen Matkins on

“We have represented several clients who are looking to acquire and reposition warehouse properties. Today, these properties are not being used for ‘logistics uses,’ the term used in AB 98. For example, one of our clients has...more

Sullivan & Worcester

How REITs are Impacted by the “One Big Beautiful Bill Act”

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The U.S. House of Representatives, by a one-vote margin, passed the “One Big Beautiful Bill Act” (the “House Bill”) early in the morning on May 22, 2025. The House Bill has yet to be considered by the U.S. Senate and will...more

Holland & Knight LLP

New Laws and Executive Orders: A Rapidly Changing Legal Landscape for Federal Real Estate Leasing

Holland & Knight LLP on

The past few weeks have seen a flurry of new rules that have upended the federal real estate leasing landscape, with substantial impacts to landlords and the government. From changes to government policies on diversity,...more

Weintraub Tobin

Commercial Property Owners, Brokers and Property Managers Beware: California’s Commercial Tenant Protection Act Goes Into Effect...

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California law has long treated commercial and residential tenancies differently. Consumer protection-focused regulations enacted to protect residential tenants were legally considered inapplicable to business tenants which...more

Bowditch & Dewey

The Mass Leads Act Gains Momentum: Extending Permits and Offering Protections for Developers

Bowditch & Dewey on

In February 2024, the Healey-Driscoll Administration introduced its economic development bill, Mass Leads: An Act Relative to Strengthening Massachusetts’ Economic Leadership. After months of delay, the Massachusetts...more

Rosenberg Martin Greenberg LLP

The Renters’ Rights and Stabilization Act of 2024: Key Changes and Implications for Maryland Landlords and Developers

On April 25, 2024, Governor Wes Moore signed into law House Bill 693, known as the Renters’ Rights Stabilization Act of 2024, to protect Maryland renters who are experiencing housing instability. While the Act aims to...more

Goodwin

Far Beyond Real Estate: The Real Impact of Florida’s SB 264

Goodwin on

On May 8, 2023, Florida Gov. Ron DeSantis signed into law Senate Bill 264: Interests of Foreign Countries (SB 264), effective July 1, 2023. The law may affect not only traditional real property owners and investors but also...more

Shutts & Bowen LLP

The Live Local Act Part 2 - Affordable Housing Incentives

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The shortage of affordable housing in Florida has been building for many years. Within a time span of 2 years, median rental prices in Florida increased over 30 percent and now the shortage of affordable housing has reached...more

DarrowEverett LLP

Livin’ La Vida Loca: Florida’s Radical Overhaul of Commercial Zoning Incentivizes Developers

DarrowEverett LLP on

The “Live Local Act," recently signed into law by Florida Gov. Ron DeSantis, provides unprecedented incentives for developers to build affordable housing. With access to low-interest loans and tax credits, the ability to...more

Katten Muchin Rosenman LLP

Measure ULA – An Additional Transfer Tax on Real Estate Transfers

Measure ULA, also known as the Homelessness and Housing Solutions Tax (HHS Tax), and usually referred to as a "mansion tax," has been approved by voters. The measure creates a new tax on certain property transfers in the city...more

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