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A Pool and Gym Won't Cut It: Developers Are Upping Their Game on Amenities to Stay Competitive in South Florida “We’ve never seen this influx of need for alcohol licensing," one hospitality attorney said.
New Jersey’s landmark Environmental Justice Law, N.J.S.A. 13:1D-157 (“EJ Law”), signed by Governor Murphy in September 2020, authorizes the NJDEP to deny or condition certain permits based on an assessment of a “facility’s” contribution to environmental and public health impacts in the State’s...
Forest Development, Royal Palm Companies Close $269M Build Loan for Mixed-Use in Lake Park By: Lisa McDuffie Boca Raton, FL-based Forest Development has engaged in a joint venture partnership with Royal Palm Companies for Nautilus 220, a mixed-use development comprised of 330 condominium residences...
A Delaware trial court, applying New Jersey and Delaware law, recently ruled that a general contractor, despite not being a party to either a loan agreement or loan commitment, could successfully recover damages from a construction lender. See BCD Assocs., LLC v. Crown Bank, No. CV N15C-11-062 EMD...
Forest Development Announces Joint Venture Partners And Closing Of $269 Million Construction Loan For 24-Story Nautilus 220 Luis Flores, Anthony Kang, and Rick Carroll of Saul Ewing LLP represented Forest Development in closing this transaction. “This transaction underlines the strength of Peter’s...
Forest Development and RPC Land $270M For Luxury Condo Near West Palm BY JULIA ECHIKSON Forest Development and Dan Kodsi’s Royal Palm Companies scored one of South Florida’s largest construction loans this year, $269 million, for a luxury condo project north of West Palm Beach, Fla. The waterfront...
$269 Million Construction Loan for South Florida Mixed-Use Project Is Among Largest of Its Kind “This transaction underlines the strength of Peter [Baytarian]’s vision and the importance of the Nautilus 220 project to the area,” said Anthony Kang, a partner with Saul Ewing.
Case: Bain v. Airoom, LLC, 2022 IL App (1st) 211001 A recent Illinois appellate decision warns that overbroad form arbitration agreements in construction contracts may be unenforceable.
PMG and Sentral Release Plans for Dual-Tower Multifamily Development in Brickell Saul Ewing attorneys Luis Flores and Sophia Rub represented the venture in closing the property acquisition. “This transaction speaks to the strength of the PMG-Sentral partnership in acquiring prime real estate in one...
This week, the stock market officially turned bear for the first time since March 2020, raising once again the possibility of a brewing recession. By Ashley Fahey – Editor, The National Observer: Real Estate Edition
Gregory Boucher, a Partner in the Firm's Construction Practice, will participate as a speaker during the June New to In-House Legal Update. This session will cover the most important provisions to address when a construction contract comes across your desk. The presenters will identify which...
On June 10, 2022, Governor J.B. Pritzker signed into law two related bills, HB 5412 and HB 4600, sent to him the previous month by the Illinois legislature that will hold a primary contractor (one who has a contract with an owner) liable for the unpaid wages and other amounts owed to employees of...
Public construction in Pennsylvania and elsewhere continues to present substantial challenges to local governmental entities. While some projects have been deferred in the current health and economic climate, at some point, and we hope sooner rather than later, the normal course of public...
On April 1, a team led by Saul Ewing's Barry Katz, Katie Gilligan and Roy Bernstein represented the purchaser in the acquisition of Cityfront Place, a 480-unit apartment building with several commercial tenants located at 400 N. McClurg Court, just off the Magnificent Mile in Chicago’s downtown...
PMG and Greybrook Realty Partners are pleased to announce that they have secured a $161.5 million loan for the 49-story 400 Biscayne project in downtown Miami. The loan will offer financing for the development of the project, which broke ground in June. Financing was provided by Centennial Bank and...
In this article, Bill Warren, a partner in the Firm's Government Contracts Practice, describes the current PA municipal policies applied in assessing building permit fees on public projects undertaken by school districts, counties and other public entities and the recommended approach to challenging...