Insuring Real Estate Transactions: When RWI Pays Off
Lowenstein Sandler's Terra Firma: Conversations on Commercial Real Estate
Release Date: 01/18/2024
Excuse the Interruption: Is Business Interruption Insurance Worth It?
Lowenstein Sandler's Terra Firma: Conversations on Commercial Real Estate
In this special crossover episode of “Terra Firma: Conversations on Commercial Real Estate” and “Don't Take No for an Answer,” Lowenstein’s and speak with Brad Dubler, Managing Partner and Executive Vice President of SterlingRisk Insurance, about the latest developments in business interruption insurance, which continues to become increasingly important for businesses, landlords, and tenants alike. The conversation covers the scope and limitations of traditional business interruption insurance, new legislation that allows insurance companies to issue standalone business...
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Going and Staying Green: Sustainability in Real Estate
Lowenstein Sandler's Terra Firma: Conversations on Commercial Real Estate
Today on “Terra Firma: Conversations on Commercial Real Estate,” and talk with , the CEO and founder of Greenplaces, which helps businesses navigate the complexities of carbon reporting, reduce greenhouse gas emissions, and foster a sustainable business model. Alex emphasizes how important it is for businesses to prioritize sustainability, especially now that resources are available to measure carbon footprints. Stacey, Zach, and Alex discuss how sustainability practices are increasingly affecting the landlord-tenant relationship, the connection between sustainability and...
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The Ins-and-Outs of PACE Financing
Lowenstein Sandler's Terra Firma: Conversations on Commercial Real Estate
Today on “Terra Firma: Conversations on Commercial Real Estate,” invites PACE Loan Group COO to discuss a specialized loan product known as Property Assessed Clean Energy, or PACE financing, a program available in about 40 states where property owners take a voluntary special assessment on their property taxes in order to finance clean energy or capital expenditures projects. Often used for multifamily, hospitality, and senior living projects, property owners can avoid incurring double digit interest in debt financing by using as much PACE as possible to blend down the cost of...
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Real Estate Investing: The Tax Perspective
Lowenstein Sandler's Terra Firma: Conversations on Commercial Real Estate
Today on “Terra Firma: Conversations on Commercial Real Estate,” hosts and talk with tax attorneys and Lowenstein colleagues and about important tax issues to keep in mind in the real estate world, such as long-term capital gains versus ordinary income, and holding property for investment versus holding property as part of your active trade or business. They also address how items such as transfer tax differ amongst states, the benefits of setting up an LLC or a pass-through entity, depreciation, and deductions; and they provide strategies for how real estate investors and developers...
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When You Owe More Than It’s Worth: Depressed Valuations in the Real Estate Market
Lowenstein Sandler's Terra Firma: Conversations on Commercial Real Estate
Today on “Terra Firma: Conversations on Commercial Real Estate,” Stacey Tyler and Stephen Tanico speak with Harold Bordwin, principal and co-president of Keen-Summit Capital Partners, about recent depressed values in the real estate market, and the inverse relationship between cap rates and value. They discuss how property owners and lenders are dealing with the new landscape, whether converting office space to residential is viable in a post-Covid world, changing criteria for real property loans, and the lingering impact of the Silicon Valley Bank failure. Speakers: ,...
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Bankruptcy in Real Estate: What to Do When Faced with Foreclosure?
Lowenstein Sandler's Terra Firma: Conversations on Commercial Real Estate
This episode of “Terra Firma: Conversations on Commercial Real Estate” features hosts and talking with , partner in Lowenstein’s , about office market bankruptcies, and what to do when a building is going into foreclosure. Eric explains that, because creditors are required to stop a foreclosure proceeding when a single asset real estate company files for bankruptcy, they are seeking the benefit of an automatic stay and the related breathing room to try to work out their affairs and maximize value—often through recapitalization or a sale. The discussion covers such topics as the...
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Getting Creative with Real Estate Investing: A Discussion with Entrepreneur-Attorney Naheem Harris
Lowenstein Sandler's Terra Firma: Conversations on Commercial Real Estate
Today on “Terra Firma: Conversations on Commercial Real Estate,” hosts and chat with Naheem Harris, investor and real estate lawyer, about what he is seeing in the current real estate market, particularly through the lens of finance. Harris describes what he sees as a movement away from typical mortgage lending towards more creative sources of funding, such as preferred equity, mezzanine and SPAC lending. Harris also discusses his own entrepreneurship and how his investing experience in the restaurant industry informs how he counsels clients. Speakers: , Counsel, Real Estate; Deputy...
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Financing Term Sheets: Bring in Counsel Early, Avoid Headaches Later
Lowenstein Sandler's Terra Firma: Conversations on Commercial Real Estate
In this episode of Terra Firma, Conversations on Commercial Real Estate, and are joined by Lowenstein partner for a discussion on financing term sheets. They review key components of loan commitment letters relevant to mortgage deals, construction loans, and alternative financing structures, and give tips on how to maximize the negotiation of the initial terms to save time and money during the loan documentation process. Lomot gives an overview of a range of issues including lender selection, collateral terms, and environmental provisions. Speakers: , Partner, Real Estate, Counsel,...
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Lease Term Sheets: Why Investing in a Thorough Review Now Will Prevent Losses Later
Lowenstein Sandler's Terra Firma: Conversations on Commercial Real Estate
On this episode of “Terra Firma: Conversations on Commercial Real Estate,” and continue their term sheet series, this time focusing on lease deals and the value of attorney review prior to signing a term sheet in order to save time, money, and—potentially—risk. The lawyers describe where they often find term sheets lacking, such as with terms of guarantee, renewals, and the right to terminate early; they emphasize the importance of long-term planning for the future, as properties age and require expensive maintenance and repair; and they reiterate the importance of having both a...
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Reclassifying Cannabis, and Its Possible Impacts on Real Estate Transactions
Lowenstein Sandler's Terra Firma: Conversations on Commercial Real Estate
Today the hosts of “Terra Firma: Conversations on Commercial Real Estate,” discuss how the proposed reclassification (or “rescheduling”) of cannabis may impact cannabis businesses and their real estate holdings, especially with respect to financing and leasing. Real estate attorneys Stacey Tyler (who also serves as deputy chair of Lowenstein’s Cannabis Practice) and Stephen Tanico discuss how the current classification of cannabis as a Schedule I drug under the Controlled Substances Act has led to a patchwork of laws across the country governing cannabis, and how the recent proposal...
info_outlineIn this episode of Terra Firma: Conversations on Commercial Real Estate, hosts Stacey Tyler and Stephen Tanico of Lowenstein Sandler’s Real Estate practice are joined by Eric Jesse, a partner in the firm’s Insurance Recovery practice, to discuss representations and warranties insurance, or RWI, within the context of real estate transactions. The hosts and guest discuss the benefits of having RWI, who pays, and how premiums are formulated, plus the impact of market conditions on these arrangements.
Speakers:
Eric Jesse, Partner, Insurance Recovery
Stacey C. Tyler, Counsel, Real Estate; Deputy Chair, Cannabis Practice
Stephen Tanico, Counsel, Real Estate