Legal & Regulatory

Understandably, businesses are looking at ways to stem the tide of mounting losses and are looking to their all-risk insurance policies for help. Most of these claims, however, have been or likely will be denied and, as a result, hundreds of businesses all over the country are filing lawsuits against their insurance carriers.

New York City Mayor Bill de Blasio delivered another striking blow to property owners when he signed into law N.Y.C. Council Int. No. 1932-A (2020) on May 26, 2020. The new legislation prohibits landlords from enforcing personal guaranties on certain commercial leases for defaults occurring between March 7, 2020 and Sept. 30, 2020.

Compared to malls, open-air shopping centers are better positioned to survive the pandemic because they have fewer restrictions.

Private office owners make up a larger proportion of total ownership in California and are unique exposed to Prop 15.

A three-judge panel said two city council members are not allowed to vote at a new hearing on Azure Development's oceanfront duplex proposal.

Property investment generally performs well under both Democratic and Republican presidencies.

There are several important topics for both tenants and landlords to consider from a bankruptcy perspective while negotiating lease amendments.

The split roll tax initiative on the November ballot is the largest proposed tax increase in California history.