News & Analysis as of

Real Estate Transfers Commercial Real Estate Market

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

Bennett Jones LLP

The Double Default Rule in Real Estate Transactions

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"We're ready, willing and able to close. Are you?" These are familiar words to those who buy and sell real estate. They embody the notion that, on the time appointed for the closing of the transaction, a party is ready to...more

Perkins Coie

San Francisco Adopts Ordinance To Facilitate the Conversion of Office Buildings to Housing

Perkins Coie on

In downtown San Francisco, office vacancy has skyrocketed as hybrid work has transformed the way in which employers and employees use office space. This, in turn, has decreased activity downtown, negatively impacting the...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

International Lawyers Network

Buying and Selling Real Estate in Hungary (Updated)

KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER HUNGARIAN LAW - 1. Types of real estate transactions - In the Hungarian market, the typical types of real estate transactions can be differentiated as follows. 1.1...more

International Lawyers Network

Buying And Selling Real Estate In Hungary (Updated)

KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER HUNGARIAN LAW - 1 Types of real estate transactions - In the Hungarian market, the typical types of real estate transactions can be differentiated as follows. 1.1...more

Miller Starr Regalia

No Limitations And No Escape: The Long Tail Of Real Property Tax Liability Resulting From Entity Interest Transfers In California

Miller Starr Regalia on

The general limitations on reassessment of real property without a “change of ownership” under the 1978 voter initiative known as “Proposition 13” deserve renewed attention after the failed effort to enact Proposition 15 in...more

International Lawyers Network

Buying And Selling Real Estate In Hungary

KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER HUNGARIAN LAW - 1 Types of real estate transactions - In the Hungarian market, the typical types of real estate transactions can be differentiated as follows. 1.1 Transfer...more

Clark Hill PLC

2017 Arizona Legislative Amendments Affecting Commerical Real Estate and Lending

Clark Hill PLC on

The following information accompanies a presentation Mike gave to members of the Arizona Commercial Mortgage Lenders Association (ACMLA) on September 12, 2017. HB 2213 – GPLET Leases - Arizona’s GPLET statute (enacted...more

Buchalter

Warning: Warranties Can Survive Close of Escrow Even When You Think They Won’t

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As the seller of real property, you might have heard: “Don’t worry, that warranty won’t survive the closing.” Or, you may have assumed that because the purchase agreement stated that certain representations and warranties did...more

Baker Donelson

Commercial Real Estate Sellers - Ten Additions to a Buyer's Contract

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When a seller and a buyer agree upon the terms for the sale of a commercial property the next step is often for the buyer to prepare the first draft of a Contract, which embodies those terms, as well as other customary...more

Miller Starr Regalia

Legal Update: New Transfer Tax Disclosure Requirement

Miller Starr Regalia on

After January 1, 2015, documentary transfer tax will no longer be a private affair. It is common practice in commercial real estate purchase and sale transactions to provide the amount of documentary transfer tax on the...more

Porter Hedges LLP

Environmental Alert: "Clearly Allocate Risk of Change Interpretations in Transactions"

Porter Hedges LLP on

When buyers request that sellers warrant compliance with environmental law, sellers need to appreciate that agency interpretation or agency enforcement discretion may have played a role in the seller’s apparent ongoing...more

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