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August 2019 Archives

Is the debate over impact fees interrupting housing development?

California is one of the states that has a shortage of affordable housing. Accommodating all of the residents who need a place to live could be hindered by the debate over impact fees. Typically these are fees imposed by a local government on a proposed or new development and are meant to cover the cost of all of the public services to be provided to the new development. A development could be delayed or even scrapped because of these fees.

Evicting a commercial tenant is not an easy or fast process

Sometimes, business relationships do not work out as intended. The lease arrangement between a commercial tenant and landlord could degrade to the point where eviction becomes an option. However, a California property owner cannot simply tell a renter to leave. A legal process must be followed first.

Development of hotels rises here in California

The market for hotel rooms here in California appears to be growing at an increasing rate. Investors know this and always look for smart purchases that make good investments. Recently, sources indicate that the development of a new hotel is costing approximately the same as buying one already built.

Seeking financing for an environmentally friendly development

Undertaking a new project anywhere in California can be an expensive prospect. Finding the appropriate funding for a development can present a challenge. Further complicating matters is the fact that in today's society, an environmentally conscious public demands construction projects to include "green" elements, processes and materials. If a developer intends for a new project to this demand as much as possible, the California Pollution Control Financing Authority could provide options for funding and financing not previously considered. 

Should you have a co-tenancy clause in a shopping center lease?

The shopping center property looks like a winner for any incoming tenant. Storefronts are full, foot traffic is promising and there are a couple of well-known anchor tenants that should bring in plenty of customers. But the American retail landscape is changing, sometimes rapidly, leaving store operators and landlords in a potential bind.