Real property law

Kevin Hirzel Recognized As One of Michigan's Condo And Real Estate "Go To Lawyers" by Michigan Lawyers Weekly

Retrieved on: 
Tuesday, July 6, 2021
Real property law, Labor, Legal ethics, Legal professions, Land law, Condominium, Economy, Lawyer, Association law, Hirzel, Homeowner association

DETROIT, July 6, 2021 /PRNewswire/ -- Hirzel Law, PLC is proud to announce that Managing Member, Kevin Hirzel, was selected by Michigan Lawyers Weekly as a "Go To Lawyer" in condo and real estate law.

Key Points: 
  • DETROIT, July 6, 2021 /PRNewswire/ -- Hirzel Law, PLC is proud to announce that Managing Member, Kevin Hirzel, was selected by Michigan Lawyers Weekly as a "Go To Lawyer" in condo and real estate law.
  • Michigan Lawyers Weekly launched this program to honor leading lawyers in a particular field of law.
  • According to Michigan Lawyers Weekly, those selected are:
    Proficient in his or her field, well-versed in the nuances of the case law, statutes and regulations clients will encounter.
  • Mr. Hirzel focuses his practice on condominium law, homeowners association law, litigation, and real estate law.

Florida Probate Law Firm Attends Independent Funeral Directors of Florida Annual Meeting

Retrieved on: 
Tuesday, July 6, 2021
Inheritance, Law, Real property law, Articles, Probate, Administration, Executor

DAYTONA BEACH, Fla., July 6, 2021 /PRNewswire-PRWeb/ --Attorney Michael Bracchi, partner at the Florida Probate Law Firm, PLLC , recently attended the Independent Funeral Directors of Florida (IFDF) annual meeting.

Key Points: 
  • DAYTONA BEACH, Fla., July 6, 2021 /PRNewswire-PRWeb/ --Attorney Michael Bracchi, partner at the Florida Probate Law Firm, PLLC , recently attended the Independent Funeral Directors of Florida (IFDF) annual meeting.
  • To learn more about IFDF, please visit https://www.ifdf.org/
    About Florida Probate Law Firm, PLLC
    Florida Probate Law Firm, PLLC provides formal probate administration, ancillary probate administration, probate litigation, and professional executor services in all 67 counties across the state of Florida.
  • Florida Probate Law Firm, PLLC provides a modern approach to the probate process, ensuring services are provided as efficiently and stress-free as possible.
  • The Florida probate law firm offers:
    SOURCE Florida Probate Law Firm, PLLC

Kay Properties Helps Place Over $130 Million in Delaware Statutory Trust 1031 Exchange Investments for Family-Owned Real Estate Firm

Retrieved on: 
Friday, July 2, 2021
Finance, Money, Economy, Delaware statutory trust, Internal Revenue Code section, Real property law, Real estate agent, Qualified intermediary, Investor, Trust law

In the summer of 2020, the family-owned real estate firm began liquidating their portfolio of six large multifamily properties.

Key Points: 
  • In the summer of 2020, the family-owned real estate firm began liquidating their portfolio of six large multifamily properties.
  • The Kay Properties team worked closely with the clients legal counsel, real estate brokers, qualified intermediary and many Delaware Statutory Trust sponsor companies to execute a smooth and swift series of transactions.
  • This 1031 exchange into Delaware Statutory Trust properties was highly nuanced in its own right, said Steve Haskell.
  • Personalized service is one of the many reasons that thousands of 1031 exchange investors nationwide have opted to purchase Delaware Statutory Trust investments through Kay Properties and the www.kpi1031.com marketplace.

Cap Rates For Net Lease Retail and Industrial Properties Rise - The Boulder Group

Retrieved on: 
Thursday, July 1, 2021
Real estate, Finance, Leasing, Money, Real property law, Commercial real estate, Landlord–tenant law, Capitalization rate, Real estate valuation, Net lease, Lease

In the second quarter cap rates in the single tenant net lease sector rose slightly after hitting historic low levels in the previous quarter.

Key Points: 
  • In the second quarter cap rates in the single tenant net lease sector rose slightly after hitting historic low levels in the previous quarter.
  • Single tenant retail cap rates increased by 11 basis points to 6.02% while industrial increased by 18 basis points to 6.89%.
  • "Following a quarter of historic pricing for the net lease sector, owners of lower quality assets brought properties to the market in attempt to take advantage of current cap rate levels," says Randy Blankstein, President, The Boulder Group.
  • To view the full report: https://bouldergroup.com/media/pdf/2021-Q2-Net-Lease-Research-Report.pdf
    The Boulder Group is a boutique investment real estate service firm specializing in single tenant net lease properties.

Condo Law Experts Urge Governor to Empanel Special Task Force for Statewide Reforms in Wake of Surfside Building Tragedy

Retrieved on: 
Wednesday, June 30, 2021
Geography, Florida, Articles, Real property law, Ron DeSantis, Boca Raton, Florida, Condominium, Building inspection, Sax, Sachs

BOCA RATON, Fla., June 30, 2021 /PRNewswire/ -- Governor Ron DeSantis should immediately empanel a special task force of experts to examine the tragic Surfside condominium building collapse and recommend reforms intended to ensure that nothing like it ever happens again.

Key Points: 
  • BOCA RATON, Fla., June 30, 2021 /PRNewswire/ -- Governor Ron DeSantis should immediately empanel a special task force of experts to examine the tragic Surfside condominium building collapse and recommend reforms intended to ensure that nothing like it ever happens again.
  • That is the recommendation of Sachs Sax Caplan, one of the nation's most experienced and respected law firms in the area of condominium law.
  • The special task force would include engineers, architects, building contractors, and other industry experts to make recommendations to the Governor, Florida Legislature, and state regulatory agencies in advance of the January 2022 session of the Legislature.
  • The focus should be to develop policy changes that help establish a uniform statewide standard for building inspections and re-inspections, with the overarching goal of protecting life and safety.

Madison Realty Capital Originates $160 Million Upsized Loan for Harlem Luxury Condominium Nearing Completion

Retrieved on: 
Wednesday, June 30, 2021
Articles, Condominium, Real property law, Law, Lease, Private law

The loan represents a $22.4 million increase in the principal amount of Madisons existing loan, for the completion and sellout of a luxury mixed-use condominium at 300 West 122nd Street in Manhattan that is over 50% sold, with all contracts signed post-COVID.

Key Points: 
  • The loan represents a $22.4 million increase in the principal amount of Madisons existing loan, for the completion and sellout of a luxury mixed-use condominium at 300 West 122nd Street in Manhattan that is over 50% sold, with all contracts signed post-COVID.
  • The new upsized loan follows substantial sales and leasing of the highly amenitized luxury residential units to date.
  • The 13-story project is approximately 80% complete and has fully executed a ground floor retail lease to a grocery tenant.
  • Madison Realty Capital initially provided a $138 million acquisition and construction loan to Bespoke Living to acquire the West Harlem property in 2019.

REZI Launches in Miami Market

Retrieved on: 
Wednesday, June 30, 2021
Articles, Real property law, Law, Business law, Contract law, Landlord–tenant law, Lease, Property law, Rezi, Landlord, Private law

NEW YORK, June 30, 2021 /PRNewswire/ -- REZI , the pioneer of the iRenter industry, has kicked off their US expansion with the launch into the Miami market, it was announced today by Sean Mitchell, co-founder and CEO of REZI.

Key Points: 
  • NEW YORK, June 30, 2021 /PRNewswire/ -- REZI , the pioneer of the iRenter industry, has kicked off their US expansion with the launch into the Miami market, it was announced today by Sean Mitchell, co-founder and CEO of REZI.
  • Operating successfully in New York since 2018, REZI is now bringing its game-changing leasing product to Miami -a proprietary AI-powered service that enables landlords to lease their residential properties directly to REZI at higher-than-average net effective rent prices.
  • "REZI is committed to investing $75 million in master leases before the end of the year and this Miami launch is a key step towards that goal."
  • With REZI, renters are able to:
    Schedule tours online 24/7 for a time that fits their schedule.

Battery Road Capital Corp. Announces Changes in Accordance with CPC Policy

Retrieved on: 
Wednesday, June 30, 2021
Economy of Toronto, Escrow, Personal finance, Real property law, Toronto Stock Exchange

Halifax, Nova Scotia--(Newsfile Corp. - June 30, 2021) - Battery Road Capital Corp., (TSXV: BTRY.P) ("Battery Road"), a capital pool company pursuant to Policy 2.4 of the TSX Venture Exchange (the "TSXV"), is pleased to announce that due to changes recently announced by the TSXV to its Capital Pool Company program and changes to the TSXV's Policy 2.4 - Capital Pool Companies, which became effective as at January 1, 2021 (the "New CPC Policy"), the Corporation has received shareholder approval to implement certain amendments to further align its policies with the New CPC Policy.

Key Points: 
  • Halifax, Nova Scotia--(Newsfile Corp. - June 30, 2021) - Battery Road Capital Corp., (TSXV: BTRY.P) ("Battery Road"), a capital pool company pursuant to Policy 2.4 of the TSX Venture Exchange (the "TSXV"), is pleased to announce that due to changes recently announced by the TSXV to its Capital Pool Company program and changes to the TSXV's Policy 2.4 - Capital Pool Companies, which became effective as at January 1, 2021 (the "New CPC Policy"), the Corporation has received shareholder approval to implement certain amendments to further align its policies with the New CPC Policy.
  • Disinterested shareholders at the Meeting also approved amendment of the escrow release conditions and certain other provisions of Battery Road's Escrow Agreement (the "Escrow Agreement").
  • Battery Road is a Capital Pool Company listed on the TSXV.
  • Battery Road has not commenced commercial operations and has no assets other than cash.

Matergenics Issues Preliminary Report on Surfside Condo Collapse

Retrieved on: 
Wednesday, June 30, 2021
Physical sciences, Engineering, Metallurgy, Academic disciplines, Real property law, Corrosion, Corrosion engineering, Corrosion prevention, Condominium, Structural integrity and failure

Zee), one of the foremost corrosion engineering experts in North America, today issued their preliminary report on the potential causes of the catastrophic failure that led to the collapse of the Surfside Condominium.

Key Points: 
  • Zee), one of the foremost corrosion engineering experts in North America, today issued their preliminary report on the potential causes of the catastrophic failure that led to the collapse of the Surfside Condominium.
  • Additionally, leading South Florida law firm Clayton Trial Lawyers, PLLC, identifies several possible legal and regulatory issues stemming from this catastrophic failure.
  • Dr. Zee is currently a Technical Director and Principal Investigator on projects related to buildings and the utility industry at Matergenics.
  • "Condo associations are also now on notice that they need to take immediate action with respect to corrosion assessment."

Eco-Friendly Cleaning Equipment That Eliminates Up To 100% Of Bacteria And Viruses And 99.99% Of COVID-19 Now Available In Brazil

Retrieved on: 
Wednesday, June 30, 2021
Films, Cinema of the United States, Real property law, University of Campinas, Creative works, Disinfectant, Condominium

The DownTown Condominium has confirmed that they are impressed with R-Water's device for both its performance and decreased cleaning costs.

Key Points: 
  • The DownTown Condominium has confirmed that they are impressed with R-Water's device for both its performance and decreased cleaning costs.
  • For over a year The DownTown Condominium has served as the Brazil pilot site of R-Water's eco-friendly device.
  • The device is installed within The DownTown Condominium and produces both TK60, a powerful disinfectant and FC+, an exceptional multi-surface cleaner.
  • TK60 has been tested by two prominent institutes in Brazil, Falco Bauer and UNICAMP and both have certified TK60's effectiveness.