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11/7/2015 | Construction Blog, Real Estate Blog
It has long been the custom in Philadelphia that individual City Council members have the final say on land development and zoning issues within the bounds of the districts they represent. Even projects that are good for the City as a whole and supported by a majority of City Council members can be stopped by a single member of council when this unwritten rule is invoked.
11/5/2015 | Real Estate Blog
According to a recent analysis of office space in the city of Philadelphia, it is attracting many out-of-town investors. Based on information from commercial real estate services firm Colliers International, more out-of-town entities haven secured office-floor space in the city than since 2007. More specifically, according to CBRE Global Investors, 74 percent of the office square footage located between Schuylkill and the Delaware River that has been sold since the start of 2015, has been purchased by investors not located […]
11/4/2015 | Real Estate Blog
We are talking about condominium association special assessments, the assessments that pay for unusual common area expenses. These are different from the regular payments (also called assessments in Pennsylvania statute) condo owners make to cover common area maintenance and shared expenses, like insurance or utilities.
11/3/2015 | Real Estate Blog
In our series With condos and co-ops, ‘common’ may not mean ‘shared’ last May, we discussed the differences between condominiums and cooperatives at some length. The fundamental difference, of course, is that you buy into a cooperative, but you do not own your apartment outright. In a condo, you buy the apartment; everything from the paint in is your responsibility. Your monthly or annual dues go toward common expenses, including maintenance of common areas, property insurance and, in some cases, […]
10/29/2015 | Construction Blog, Real Estate Blog
The United States’ Sixth Circuit Court of Appeals in Cincinnati, Ohio, has placed a nationwide stay on the Obama Administration’s Waters of the United States rule. The final rule went into effect in August of this year and was being put into effect before the appeals court stayed its implementation. According the Court, the stay was put in place to temporarily clear up the confusion being created by both the implementation of the law and the legal challenges to it.
