News & Insights
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 the July 4, 2025 enactment of the “One Big Beautiful Bill Act” (OBBBA). This federal legislation, together with the 2025 budget...
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 to adapt leased premises for their operational needs, landlords are equally concerned with preserving the value, structural integrity, and appearance of...
Key Contract Considerations in AIA A101-2017: An Owner’s 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 construction contract framework in the United States. Developed through decades of industry collaboration, these documents provide a comprehensive structure for construction...
Loan Balancing Provisions in Construction Lending
August 22, 2025 | Author: David J. Murphy The loan balancing provision represents one of the most significant and heavily negotiated terms in construction loan agreements. In the current lending environment, characterized by interest rates ranging from 6.5% to 9% and equity requirements of 20-30%,...
Inadvertent Waiver of Implied Deed Covenants in Purchase Agreements
August 21, 2025 | Author: David J. Murphy Commercial real estate purchase agreements routinely contain release provisions that may inadvertently eliminate valuable implied warranties and covenants contained in deeds. This issue, identified by Thomas Coyne, Hope K. Plasha, and Misty M. Sanford in their article...
Commercial Real Estate Refinancing Challenges
August 19, 2025 | Author: David J. Murphy The U.S. commercial real estate sector faces significant refinancing challenges with approximately $2 trillion in mortgage debt maturing between 2024 and 2026, according to the Mortgage Bankers Association. The Refinancing Environment The Federal Reserve maintained the federal...
Identifying Opportunity in the Recovery Cycle
June 7, 2025 | Author: David J. Murphy The recovery is underway, but timing matters The commercial real estate market has entered a decisive inflection point. Analysis by Hines Research found that as of Q3 2024, just over 66% of global markets were in...
Murphy PC Represents Client in Beacon Hill Acquisition
June 6, 2025-Murphy PC represented a Boston-based real estate development company in connection with the acquisition of two residential buildings comprising eight apartment units located in the historic Beacon Hill district of Boston, Massachusetts. The seller was represented by a national commercial real estate brokerage...
Murphy PC Advises on Joint Venture Preferred Equity Investment in a $15M Multifamily Acquisition and Condominium Conversion in Cambridge, Massachusetts
May 30, 2025-Murphy PC represented a Boston-based preferred equity investor who partnered with a sponsor in an acquisition of a 20-unit multifamily property in Cambridge, Massachusetts to convert the property to a $15M condominium project. We negotiated and advised on the joint venture operating agreement...
Murphy PC Advises on Joint Venture Preferred Equity Investment in a $16M Multifamily Acquisition and Condominium Conversion in Raleigh, NC
May 19, 2025-Murphy PC represented a Boston-based preferred equity investor who partnered with a sponsor in an acquisition of a 42-unit multifamily property in Raleigh, NC to convert the property to a $16M condominium project. Murphy PC negotiated and advised on the joint venture operating...