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 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.
Practice Group
Practice Insights
Taxpayers whose property tax valuation was affected by the COVID-19 pandemic have a unique but limited opportunity to challenge their valuation. Senate Bill 57 was signed into law on April 27 by Governor DeWine and will take effect on July... Read More
Estate plans should be all-encompassing. This can include cars, homes, stocks and even digital assets. But another thing estate owners should consider is their beneficiaries, especially if they are minors. According to Dan Goldfarb, a financial adviser at Resource Strategies... Read More
For the first time in several decades, Congress has enacted substantial changes to retirement plans. The "Setting Every Community Up for Retirement Enhancement" or "SECURE" Act was signed by President Trump on December 20 and was effective January 1, 2020... Read More
This article is based on a presentation by the author at the 2019 meeting of the Ohio fellows of The American College of Trust and Estate Counsel. Read More Read More
On April 19, 2017, the Ohio Supreme Court, in Wilson v. Lawrence, imposed strict requirements on creditors attempting to be paid from a decedent’s estate. Now, all claims must be in writing and presented directly to the executor or administrator within six months... Read More