OCC report cites concerns over real estate loans
7/22/2016 | Real Estate Blog
Commercial property prices plunged in Pennsylvania and around the country in the wake of the 2008 financial crisis, and federal regulators and watchdogs have kept a close eye on the U.S. financial sector in the years since to prevent another debt-fueled economic emergency. The Office of the Comptroller of the Currency, which is an independent bureau within the Department of the Treasury, releases two reports each year about the state of American banks, and the first 2016 report indicates that […]
Community support can aid zoning variance requests
7/21/2016 | Real Estate Blog
When a commercial real estate investor considers purchasing a building in Pennsylvania, the zoning of the property will be very important. If the property is not zoned for commercial use, an investor may not be able to develop the structure in the way that they would like to. A property’s zoning shouldn’t be an absolute deal-breaker, however, because it can often be changed.
Unlawful landlord retaliation takes many forms
7/20/2016 | Real Estate Blog
Pennsylvania law outlines what is expected of landlords, and at least one thing is exceptionally clear — retaliating against tenants is expressly prohibited. Business owners sometimes struggle to identify this type of behavior, especially as they focus on the ongoing success of their commercial ventures. Landlord retaliation can even force business owners to take desperate measures in attempts to retain their commercial space.
Legal loopholes exist in zoning and land use laws
7/18/2016 | Real Estate Blog
As waterfront properties and neighborhoods continue to develop across the country, there are commercial and other concerns about concessions that have been made to developers. Notably, developers have asked for special considerations in return for creating affordable-housing units. A frustrating factor occurs when developers who abide by the agreed-upon zoning and land use laws have to witness others reneging on their agreements.
As CRE loans get ready to mature, refinancing may be difficult
7/17/2016 | Real Estate Blog
Many Pennsylvania developers are preparing for their commercial real estate loans to mature. When that occurs, most will need to refinance their mortgages. They may find it difficult to find financing when they need it, however, especially if they own multi-family properties or strip malls.
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