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Real Estate Blog Posts

City Looks to Increase Tax Revenue with Commercial Property Tax Reassessments

April 4, 2017

Business, Real Estate

According to the Philadelphia Inquirer’s April 1st article, Philly to rake in $118 million in new taxes after reassessing commercial properties, approximately 60,000 owners of commercial, industrial and hotel real estate will receive their assessment…More

2017 Real Estate Transfer Tax Changes in Philadelphia

January 10, 2017

Real Estate, Tax

The New Year brings significant changes to real estate transfer taxes on properties in the City of Philadelphia. They will change standard practices for how major real estate transactions in Philadelphia are structured, and they…More

Let’s Make a Deal – What You Should Know About Letters of Intent

August 2, 2016

Business, Deals, Real Estate

Whether you are leasing real estate or buying or selling a business or real estate, the letter of intent (LOI) is the usual and practical initial step. An LOI or term sheet is how you…More

Should Your Business Own Or Lease Its Real Estate?

April 20, 2016

Business, Real Estate

Whether your business should own or lease its real estate is a simple question with a more complicated answer.  There are multiple factors to consider including your business cycles, the long term growth potential of…More

Understanding Holdover Language in a Lease

October 29, 2015

Compliance, Real Estate

What happens when a tenant does not vacate a space after the expiration of its lease? Not infrequently, tenants do overstay their lease expiration, sometimes intentionally. For that reason, the holdover clause is an important…More