Searching Content indexed under Real Estate and Construction by Blank Rome LLP ordered by Published Date Descending.
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Coast Guard Issues Policy On Keel Laying Date
The U.S. Coast Guard has published new guidance setting forth its interpretation of when a vessel's keel is considered laid and building progression standards to determine what may be accepted in establishing the build date for a vessel.
United States
25 Sep 2019
The Commercial Lease Guarantee: An Overview For Landlords And Tenants
Gone are the days of corporate impunity—in the context of a lease agreement, that is.
United States
10 Dec 2015
New Jersey's Appellate Division Holds State May Be Liable For Cleanup Costs Under New Jersey's Spill Act
Significantly, the state did not prohibit Sea-Land's use of the lead-bearing slag material to construct the seawall. Nor did the state take any action to remove the slag material once the seawall was constructed.
United States
6 Oct 2015
New Jersey Supreme Court Rejects Broad Expansion Of Private Nuisance And Trespass
The facts in Ross are fairly straightforward. Susan Ellman (Ellman) owned residential property in Red Bank, New Jersey that contained a UST storing home heating oil.
United States
13 Aug 2015
Leasing Tips For Commercial Landlords And Tenants: Who Owns The "Fixtures" When The Lease Expires?
Land and buildings are quintessentially "real property" and revert to the landlord when a lease expires or is terminated.
United States
3 Aug 2015
Warranty/Guaranty Provisions In Construction Contracts
The most confusion I have seen in the discussion of construction topics concerns the concepts of "warranty" and "guaranty."
United States
3 Aug 2015
Underwater Cover: The Supreme Court's Protection Of Junior Mortgage Holders
The Eleventh Circuit's decision to uphold the Bankruptcy Court's decisions was obviously not a welcome decision to many junior residential lenders across the country and the cases were appealed to the Supreme Court.
United States
3 Aug 2015
U.S. Supreme Court Holds Disparate Impact Claims Can Be Brought under Fair Housing Act
Lenders, servicers, and developers should continue to consider whether their policies and procedures result in unintended discrimination that may subject them to disparate impact claims under the Fair Housing Act
United States
2 Jul 2015
A Look At The Friendly Foreclosure Option
When a debtor defaults on a loan, a secured lender has several options for repayment. One option is a foreclosure sale under Article 9 of the Uniform Commercial Code ("UCC").
United States
6 May 2015
Preferred Equity Investments And Mortgage Lending: Issues For Lenders And Borrowers
Real estate owners and developers have been increasingly turning toward preferred equity structures and investments in order to raise much needed capital for the purchase, renovation, and development of real property where such capital is unavailable from traditional lending sources.
United States
22 Apr 2015
California Legislative Update
Postponement of Implementation of the Final Phase of the AB 1103 Energy Disclosure Requirements for Nonresidential Buildings of 5,000 to 10,000 Square Feet.
United States
22 Apr 2015
NJ Townships Possess Broad Zoning Powers To Preserve Environmentally Sensitive Land
The plaintiffs, the Griepenburgs, have owned 34 acres of land in the Township since 1985. See id. at 1086-87. Their home is on a two-acre lot, while the balance of their 32 acres consists of undeveloped woodlands.
United States
21 Apr 2015
What's Your Priority? An Open-Ended Examination Of Pennsylvania's Mechanics' Lien Law
On July 9, 2014, then Pennsylvania Governor Tom Corbett approved an amendment to Pennsylvania's Mechanics' Lien Law of 1963 (the "Lien Law") by signing into law Senate Bill 145
United States
21 Apr 2015
Mid-Construction Refinancing: Opportunity Or Plunge Into The Void?
Construction loans typically do not get refinanced before a project is completed.
United States
2 Jan 2015
"Co-Tenancy Issues In Turbulent Time" Republished By The International Council Of Shopping Centers
Philip Rosenfeldt's article on "Co-Tenancy Issues in Turbulent Times" was republished in Shopping Center Landlord & Tenant Legal Issues.
United States
14 Mar 2013
City Of Philadelphia Announces Release Of Tax Year 2014 Real Estate Tax Market Values
Today, the City of Philadelphia's Office of Property Assessment is expected to release Tax Year 2014 proposed market values pursuant to the City’s "Actual Value Initiative."
United States
25 Feb 2013
Must A Real Estate Buyer Be ‘Ready, Willing And Able’ To Close The Purchase Of Real Estate In Order To Claim Damages From A Seller That Has Repudiated The Contract Of Sale? The New York Court Of Appeals Says Yes.
In Pesa v. Yoma Development Group, Inc., No. 3, NYLJ 1202541875877, at *1 (NY Ct. of App., Decided February 9, 2012), New York State's highest court, the New York Court of Appeals, held that a real estate buyer must be 'ready, willing and able' to close on the purchase of real estate in order to claim damages from a seller that has repudiated the contract of sale.
United States
31 Dec 2012
Proposed Amendments Would Limit The 10-Year Real Estate Tax Abatement In The City Of Philadelphia
On September 13, 2012, Philadelphia City Councilman W. Wilson Goode, Jr. introduced Bill No. 120651.
United States
25 Sep 2012
Revisions To Permit Extension Act Extends Life Of Deveopment Permits To 2016
The Commonwealth of Pennsylvania has recently approved an important amendment to the Permit Extension Act of 2010 that will extend the life of development related permits and approvals for an additional three years.
United States
25 Jul 2012
City Of Philadelphia Tax Year 2013 Real Estate Tax Rate Increase; Actual Value Initiative Update; And Homestead Exemption Alert
Following months of speculation and debate, the City of Philadelphia has officially postponed implementation of the Actual Value Initiative ("AVI") until Tax Year 2014.
United States
24 Jul 2012
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