Real Estate
Our business Real Estate group provides sophisticated and general business, tax and real property advice relating to alternative methods of owning, financing and operating the various components of a real estate project for corporations, partnerships, limited liability companies, trusts, financial institutions, and individuals. Representation of our client usually continues throughout the project’s life, from acquisition to development equity infusion, construction, construction financing, leasing and management, permanent financing, refinancing and disposition.
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Business Leasing Transactions
The real estate group has extensive experience in commercial leasing transactions, both on behalf of landlords and tenants. Our practice extends to all types of leasing, including ground lease, retail, office, industrial and residential lease transactions.
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Business Real Estate & Tax Planning
The Real Estate group, often in conjunction with the Taxation and Corporate & Transactional groups, counsels clients on the formation of entities for participation in transactions and on other business and tax-related issues. We possess significant experience in partnership, LLC, and corporate issues. Our group works with clients to obtain maximum tax benefits relating to transactions, including planning and closing deferred like-kind exchanges of real property, structuring tenant improvement allowances, and structuring acquisitions and dispositions of real properties.
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Business Real Estate Financing
We have extensive experience representing lenders and borrowers in financing transactions of all types. We act as regular counsel to numerous financial institutions on loans secured by all types of real estate, including office, industrial, retail, and residential. Our representation includes the initial structuring, documenting, and negotiating of transactions, as well as due diligence with respect to underlying real estate issues. The financing transactions include conventional mortgage financing, industrial revenue and development bonds, and sale leasebacks.
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Economic Development Incentives
We provide advice to our clients in obtaining economic development incentives from the local, county, and state authorities in order to purchase, construct, or renovate real estate projects. The economic development incentives have been in the form of tax increment financing, real estate tax abatements, community development incentives, and job creation tax credits.
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Land & Project Acquisitions & Sales
We advise buyers and sellers in transactions involving sales and acquisitions of real estate of every asset class on both a portfolio and individual property basis. We are experienced in the specialized requirements of transactions involving office buildings, shopping centers, hospitals, nursing homes, residential buildings, and air rights and development sites. We have also represented clients in tax-free exchanges and other investment structures.
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Zoning & Land Use
We provide land use advice and counsel to developers and users of commercial, retail, industrial, and residential facilities. Such land use representation includes zoning, environmental, historic preservation, legislative, and litigation services. We have experience in obtaining rezonings, variances, approval of planned unit developments, and transfers of development rights. We also represent governmental authorities in regard to the interpretation and enforcement of local zoning regulations.
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Practice Insights
The March 31st deadline to file property tax challenges with Ohio Boards of Revision (BOR) is rapidly approaching. In recent years, counties have imposed historically large property value increases. Now, many counties have set new tax values for the next... Read More
Ohio law has long relied on court precedents to value Section 8 and Section 42 subsidized housing for property tax purposes. Conflicting precedents and statutory provisions often led county auditors to overvalue these properties, resulting in inflated property tax bills... Read More
The April 1st deadline to file property tax challenges is rapidly approaching. Recent tax years have seen historically large property value increases. So, it is more important than ever to ensure your property is appropriately valued. And, because so many... Read More
The March 31 deadline to file property tax challenges rapidly approaches. This is the first cycle after Ohio enacted fundamental property tax reform. House Bill 126 now restricts the school districts’ ability to challenge property tax values for most taxpayers.... Read More
As President Donald Trump promised, his Tax Cuts and Jobs Act (the “TCJA”) initiated an overhaul intended to simplify an otherwise arduous tax code. Businesses benefited in a number of ways beyond the celebrated reduction in the corporate tax rate.... Read More