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Legal insights

Your Non-Recourse Loan Isnt Non-Recourse: Read the Bad-Boy Carveout Before You Sign

You think you have a non-recourse loan. Your lender thinks you don’t. Buried a few dozen pages into nearly every commercial mortgage is a…
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Removal Events in Real Estate Joint Ventures: What Capital Partners Need to Know

January 6, 2026 | Author:  David J. Murphy When a real estate joint venture goes wrong, the removal event provision determines whether the capital…
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Why Capital Partners Need SPE Covenants in the Operating Agreement

November 28, 2025 | Author:  David J. Murphy Special purpose entity covenants occupy an awkward place in real estate joint venture documentation. The covenants…
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Federal Legislation Incentives for CRE in 2025

August 25, 2025 | Author:  David J. Murphy Several sweeping changes have arrived for commercial real estate (CRE) investors, developers, and property owners following…
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Addressing Tenant Alterations in Commercial Lease Negotiations: A Landlord’s Perspective on Silent Lease Issues

August 24, 2025 | Author:  David J. Murphy Alterations are among the most important aspects of commercial lease negotiations. While tenants may seek flexibility…
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Key Contract Considerations in AIA A101-2017: An Owners Perspective

August 23, 2025 | Author:  David J. Murphy The AIA A101-2017 Standard Form of Agreement Between Owner and Contractor represents the most widely adopted…
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