On June 14th, the world watched in horror as Grenfell Tower, a public housing apartment tower in London's Kensington neighborhood, lit up the early morning skies in a frightening inferno. The 24-story building burned for over 60 hours. The fire was responsible for at least...
Many real estate and lease transactions begin with a letter of intent (LOI). An LOI is supposed to be a non-binding expression of interest between a buyer and seller of real estate or a landlord and tenant. In a perfect world, the LOI should outline,...
Tenants shopping for new space should understand how the cost of Landlord funded Tenant Improvement affects rent. When negotiating for space, one of the first questions a Tenant should ask is whether the advertised rent includes any TI allowance because after negotiating a comfortable rent,...
South Florida is in the peak of King Tide Season. This is the time of year when high tides are abnormally high because the moon is at its closest point to earth. We experience these tides at full moon from September to November and again...
Most real estate investors agree with the strategy that it is best to use other people's money when promoting a deal. I'm not talking about financing that involves debt supported by rising asset values. Rather, I'm speaking of sophisticated developers who put together capital stacks...
Hollywood City Commissioners recently gave preliminary approval for the development of 654 new homes on Hillcrest’s iconic golf course (my favorite golf course). The development would be built in 2 phases. Phase 1 would consist of 256 townhomes and 238 detached single family homes in...
As the parents of two Millennials, my wife and I worry whether our children will ever be able to save enough to buy their first houses. Our children are both gainfully employed, one living in Philadelphia and one living in Washington. Both rent nice apartments...
There are many costs to be paid at a real estate closing. I am often asked, "what is the "custom" as to payment of closing costs in Florida?" Frankly, this is a loaded question. There is not a single answer. In commercial transactions, everything is...