How Long is Forever? PFAS Chemicals in Commercial Real Estate

How Long is Forever? PFAS Chemicals in Commercial Real Estate

In this episode of "Terra Firma: Conversations on Commercial Real Estate," Kegan A. Brown [https://www.lowenstein.com/people/attorneys/kegan-brown], partner in Lowenstein's Environmental Law & Litigation [https://www.lowenstein.com/practices/environmental-law-litigation] group, joins Real Estate [https://www.lowenstein.com/practices/real-estate] partner Kimberly E. Lomot [https://www.lowenstein.com/people/attorneys/kimberly-lomot] for a discussion on PFAS, and how changing standards for the remediation and cleanup of these "forever chemicals" are impacting commercial real estate transactions. Brown explains the importance in understanding the definition being used for PFAS, which can affect due diligence, reps and warranties, indemnity coverage, and price deductions; he also addresses the evolving litigation landscape surrounding PFAS, including a growing trend towards medical monitoring. Speakers: Kimberly E. Lomot [https://www.lowenstein.com/people/attorneys/kimberly-lomot], Partner, Real EstateKegan A. Brown [https://www.lowenstein.com/people/attorneys/kegan-brown], Partner, Environmental Law & Litigation

Excuse the Interruption: Is Business Interruption Insurance Worth It?

In this special crossover episode of "Terra Firma: Conversations on Commercial Real Estate" and "Don't Take No for an Answer," Lowenstein's Stacey C. Tyler [https://url.us.m.mimecastprotect.com/s/QTiSCgJ2lwULJv3MC2iAF44smv?domain=lowenstein.com] and Heather Weaver [https://www.lowenstein.com/people/attorneys/heather-weaver] speak with Brad Dubler, Managing Partner and Executive Vice President of SterlingRisk Insurance, about the latest developments in business interruption insurance, which continues to become increasingly important for businesses, landlords, and tenants alike. The conversation covers the scope and limitations of traditional business interruption insurance, new legislation that allows insurance companies to issue standalone business interruption insurance policies without a physical loss or damage requirement, and the types of policyholders that have the most to gain from this expanded form of authorized coverage. Speakers: Stacey C. Tyler [https://url.us.m.mimecastprotect.com/s/QTiSCgJ2lwULJv3MC2iAF44smv?domain=lowenstein.com], Senior Counsel, Real Estate Heather Weaver [https://www.lowenstein.com/people/attorneys/heather-weaver], Counsel, Insurance Recovery Brad Dubler [https://www.sterlingrisk.com/leadership-team/], Managing Partner and Executive Vice President, SterlingRisk

Going and Staying Green: Sustainability in Real Estate

Today on "Terra Firma: Conversations on Commercial Real Estate," Stacey C. Tyler [https://url.us.m.mimecastprotect.com/s/QTiSCgJ2lwULJv3MC2iAF44smv?domain=lowenstein.com] and Zachary L. Berliner [https://www.lowenstein.com/people/attorneys/zachary-berliner] talk with Alex Lassiter [https://greenplaces.com/about/], the CEO and founder of Greenplaces, which helps businesses navigate the complexities of carbon reporting, reduce greenhouse gas emissions, and foster a sustainable business model. Alex emphasizes how important it is for businesses to prioritize sustainability, especially now that resources are available to measure carbon footprints. Stacey, Zach, and Alex discuss how sustainability practices are increasingly affecting the landlord-tenant relationship, the connection between sustainability and resilience, and how sustainability sheds insight on a business's ability to be forward-thinking. Speakers: Stacey C. Tyler [https://url.us.m.mimecastprotect.com/s/QTiSCgJ2lwULJv3MC2iAF44smv?domain=lowenstein.com], Senior Counsel, Real Estate; Deputy Chair, Cannabis PracticeZachary L. Berliner [https://www.lowenstein.com/people/attorneys/zachary-berliner], Counsel, Environmental Law & Litigation, ESG PracticeAlex Lassiter [https://greenplaces.com/about/], CEO & Founder, Greenplaces

The Ins-and-Outs of PACE Financing

Today on "Terra Firma: Conversations on Commercial Real Estate," Stacey Tyler [https://url.us.m.mimecastprotect.com/s/QTiSCgJ2lwULJv3MC2iAF44smv?domain=lowenstein.com] invites PACE Loan Group COO Bali Kumar [https://paceloangroup.com/bios/all-plg-staff/bali-kumar] to discuss a specialized loan product known as Property Assessed Clean Energy, or PACE financing, a program available in about 40 states where property owners take a voluntary special assessment on their property taxes in order to finance clean energy or capital expenditures projects. Often used for multifamily, hospitality, and senior living projects, property owners can avoid incurring double digit interest in debt financing by using as much PACE as possible to blend down the cost of capital. Stacey and Bali also delve into qualifications, conditions, and state-by-state laws regarding PACE, as well as its specific challenges in New York City. Speakers: Stacey C. Tyler [https://url.us.m.mimecastprotect.com/s/QTiSCgJ2lwULJv3MC2iAF44smv?domain=lowenstein.com], Counsel, Real Estate; Deputy Chair, Cannabis PracticeBali Kumar [https://paceloangroup.com/bios/all-plg-staff/bali-kumar], COO, PACE Loan Group

Real Estate Investing: The Tax Perspective

Today on "Terra Firma: Conversations on Commercial Real Estate," hosts Stacey Tyler [https://www.lowenstein.com/people/attorneys/stacey-tyler] and Stephen Tanico [https://www.lowenstein.com/people/attorneys/stephen-tanico] talk with tax attorneys and Lowenstein colleagues Sophia Mokotoff [https://www.lowenstein.com/people/attorneys/sophia-mokotoff] and Matthew F. Cammarata [https://www.lowenstein.com/people/attorneys/matthew-cammarata] about important tax issues to keep in mind in the real estate world, such as long-term capital gains versus ordinary income, and holding property for investment versus holding property as part of your active trade or business. They also address how items such as transfer tax differ amongst states, the benefits of setting up an LLC or a pass-through entity, depreciation, and deductions; and they provide strategies for how real estate investors and developers can be more proactive from a tax perspective. Speakers: Sophia Mokotoff [https://www.lowenstein.com/people/attorneys/sophia-mokotoff], Partner, TaxMatthew F. Cammarata [https://www.lowenstein.com/people/attorneys/matthew-cammarata], Counsel, TaxStacey C. Tyler [https://url.us.m.mimecastprotect.com/s/QTiSCgJ2lwULJv3MC2iAF44smv?domain=lowenstein.com], Counsel, Real Estate; Deputy Chair, Cannabis PracticeStephen Tanico [https://url.us.m.mimecastprotect.com/s/fdXYCjR8ozf70zrWC7sWFmYiPS?domain=lowenstein.com], Counsel, Real Estate