Landlord–tenant law

Bedrock narrows sites on successful Downtown Detroit reopening with 6-month 'Bedrock Relaunch' tenant support initiative

Thursday, May 28, 2020 - 2:05pm

"Dan Gilbert founded Bedrock 10 years ago on the principle that a landlord should be an invested partner with each tenant as well as a responsible corporate citizen.

Key Points: 
  • "Dan Gilbert founded Bedrock 10 years ago on the principle that a landlord should be an invested partner with each tenant as well as a responsible corporate citizen.
  • Now that businesses are beginning to reopen, Bedrock Relaunch is meant to help them be successful.
  • Bedrock continues to support and encourage tenants work through some of these operational challenges and come up with creative ways to persevere.
  • Click here to view a complete timeline of Bedrock and the Rock Family of Companies' engagement within the Detroit community.

Emerald Health Therapeutics Terminates Land Sub-lease and Outdoor Cultivation Agreements

Thursday, May 28, 2020 - 12:54am

VANCOUVER, British Columbia, May 27, 2020 (GLOBE NEWSWIRE) -- Emerald Health Therapeutics, Inc. (Emerald) (TSXV: EMH; OTCQX: EMHTF) announces that it has terminated certain related party agreements pertaining to its cannabis cultivation operation in Metro Vancouver.

Key Points: 
  • VANCOUVER, British Columbia, May 27, 2020 (GLOBE NEWSWIRE) -- Emerald Health Therapeutics, Inc. (Emerald) (TSXV: EMH; OTCQX: EMHTF) announces that it has terminated certain related party agreements pertaining to its cannabis cultivation operation in Metro Vancouver.
  • As previously announced on October 4, 2019, Emerald entered into a sublease agreement ("Sublease Agreement") and a cultivation agreement ("Cultivation Agreement") with Emerald Health Sciences Inc. ("EHS"), a control person of Emerald.
  • Emerald and EHS have agreed to not pursue the transactions contemplated by such agreements and have agreed to terminate both the Sublease Agreement and the Cultivation Agreement.
  • Emerald confirms that no payments were made to EHS under either the Sublease Agreement or the Cultivation Agreement.

SGD Holdings, Ltd. Announces Issuance of Certificate of Occupancy by the City of Walsenburg Colorado for Retail Cannabis Dispensary

Thursday, May 21, 2020 - 11:30am

Delmar Janovec, CEO, states, On Friday, May 15, 2020, the City Building Inspector conducted the final inspection of the build-to-suit lease property located at 601 Hwy 85/87 in Walsenburg, Colorado.

Key Points: 
  • Delmar Janovec, CEO, states, On Friday, May 15, 2020, the City Building Inspector conducted the final inspection of the build-to-suit lease property located at 601 Hwy 85/87 in Walsenburg, Colorado.
  • The building was approved for occupancy and our sub-lease tenant, C1B True Organics, LLC, can now begin to stock the retail store with Cannabis products, accessories, and C1B merchandise.
  • We could not be more pleased with the end results of this extensive renovation project and once again the property developer has far exceeded our expectations.
  • SGD Holdings, Ltd. undertakes no duty to update these forward-looking statements.

UNANIMOUS: All Elected Rent Board Members Across California Endorse Rental Affordability Act

Wednesday, May 20, 2020 - 7:28pm

Housing justice advocates and backers of the Rental Affordability Act (RAA), a November 2020 state ballot initiative that will allow for expansion of rent control throughout California, are proud to announce that the ballot measure has received the support of every elected rent control board member in California.

Key Points: 
  • Housing justice advocates and backers of the Rental Affordability Act (RAA), a November 2020 state ballot initiative that will allow for expansion of rent control throughout California, are proud to announce that the ballot measure has received the support of every elected rent control board member in California.
  • Rent control boards monitor rent protection laws in many cities in California.
  • The endorsement from the elected rent board members is a sign of confidence that the RAA will help renters across California and complement existing renter legislation, such as the California Tenant Protection Act of 2019 (known as AB 1482) which is designed to prevent the most egregious rent hikes across California.
  • The RAA has now been endorsed by the following elected rent board members:
    The Costa Hawkins Act has been strangling our communities for far too long.

Majority of Companies Continue to Pay Rent on Unoccupied Properties Amid Pandemic, According to Visual Lease Survey on Commercial Real Estate Trends

Wednesday, May 20, 2020 - 2:00pm

Visual Lease, the leader in lease accounting and management software, today released findings from a recent customer survey that probed the impacts Covid-19 is having on the commercial real estate market.

Key Points: 
  • Visual Lease, the leader in lease accounting and management software, today released findings from a recent customer survey that probed the impacts Covid-19 is having on the commercial real estate market.
  • Almost 30% of respondents reported that 75-100% of their leased real estate properties were unoccupied at the time of the survey as a result of Covid-19.
  • Only 17% of the customers surveyed reported that they were proactively approached by the landlords of unoccupied properties to discuss rent relief options.
  • Visual Lease provides lease accounting and lease administration solutions that help companies manage, analyze and report on their leased assets, including real estate, equipment and vehicles.

Cameron Management Teams with Swivel to Keep Leasing Activity Moving with Virtual 3D Office Tours

Monday, May 18, 2020 - 1:00pm

Cameron Management will launch their virtual touring capabilities with a two-week long scavenger hunt for local tenant brokers.

Key Points: 
  • Cameron Management will launch their virtual touring capabilities with a two-week long scavenger hunt for local tenant brokers.
  • Cameron Management, founded in 1995, is a Houston-based commercial real estate group that owns, manages, and leases office buildings in Houston.
  • Tenants are attracted to the economic value and attentive onsite property management, engineering and leasing provided by Cameron Management.
  • Leasing teams that adopt digital leasing over traditional methods engage prospective tenants and get leases signed faster with less cost to owners and tenants.

Innovative Industrial Properties Acquires California Property and Expands Long-Term Real Estate Partnership with Kings Garden

Tuesday, May 12, 2020 - 11:43pm

Including this property, IIP leases five properties to Kings Garden, which includes the four-property industrial portfolio comprising an aggregate of approximately 102,000 square feet that IIP acquired in April of last year in southern California.

Key Points: 
  • Including this property, IIP leases five properties to Kings Garden, which includes the four-property industrial portfolio comprising an aggregate of approximately 102,000 square feet that IIP acquired in April of last year in southern California.
  • We are thrilled to expand our long-term real estate partnership with a proven operator dedicated to excellence in product quality and operations.
  • Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017.
  • All statements other than historical facts, including, without limitation, statements regarding the lease of the California property, Kings Garden and the California regulated cannabis market, are forward-looking statements.

DGAP-News: publity AG: publity secures full occupancy in Essen property - new tenancy agreement with University Hospital

Thursday, May 7, 2020 - 10:02am

Frankfurt/Main, 7 May 2020 - publity AG (Scale, ISIN DE0006972508) has achieved another leasing success for the approximately 100,000 square metre property in Essen, which is part of its own real estate portfolio.

Key Points: 
  • Frankfurt/Main, 7 May 2020 - publity AG (Scale, ISIN DE0006972508) has achieved another leasing success for the approximately 100,000 square metre property in Essen, which is part of its own real estate portfolio.
  • Another renowned tenant has now been successfully gained with the University Hospital Essen.
  • The University Hospital has leased around 3,000 square metres of office and storage space for five years, which had previously been temporarily used by the Karstadt department store group.
  • By concluding the tenancy agreement with the University Hospital Essen, publity continues to ensure full occupancy of the property.

DGAP-News: PREOS Real Estate AG: Continued full occupancy in Essen property - University Hospital moves into recently vacated space

Thursday, May 7, 2020 - 10:01am

Leipzig, 7 May 2020 - PREOS Real Estate AG ("PREOS", ISIN DE000A2LQ850) has gained another renowned tenant for the approximately 100,000 square meter property in Essen through its asset manager publity.

Key Points: 
  • Leipzig, 7 May 2020 - PREOS Real Estate AG ("PREOS", ISIN DE000A2LQ850) has gained another renowned tenant for the approximately 100,000 square meter property in Essen through its asset manager publity.
  • As a result of the new contract with Essen University Hospital, all space in the property is now let once again.
  • At the same time, by concluding the new tenancy agreement, we are securing full occupancy for our property in Essen.
  • PREOS Real Estate AG ("PREOS") is an active real estate investor focused on office properties.

Qingke Announces Management Change

Wednesday, May 6, 2020 - 3:00am

Q&K International Group Limited (NASDAQ: QK) is a leading technology-driven long-term apartment rental platform in China.

Key Points: 
  • Q&K International Group Limited (NASDAQ: QK) is a leading technology-driven long-term apartment rental platform in China.
  • Qingke signs long-term leases with individual landlords in different locations in relatively inexpensive yet convenient locations and manages them centrally, leveraging its advanced IT and mobile technologies.
  • Technology is the core of Qingkes business and is applied to every step of its operational process from apartment sourcing, renovation, and tenant acquisition, to property management.
  • The focus on technology enables Qingke to operate a large, dispersed, and fast-growing portfolio of apartments with high operational efficiency and deliver a superior user experience.