Leveraging the New ConsensusDocs Construction Contracts

Lorman

Standard design and construction contracts set the playbook for project success or failure. Case law, technology, and insurance have changed dramatically over the past 10 years. ConsensusDocs, a coalition of 40 leading construction organizations that include leading organizations like AGC, ABC, and COAA, published comprehensive updates to its most used prime and subcontract agreement. Changes to ConsensusDocs address payment, insurance (builder's risk policy), terminations, indemnification, mediation, and arbitration, attorney's fees, and much more. You will learn from the lead staff person, the highlights of the most significant changes and strategize how you can leverage in contract negotiations in using the new editions of ConsensusDocs standard documents for design-bid-build, design-build and CM At-Risk.
Watch Now

Spotlight

Abu Dhabi, 3 August 2014: Aldar Properties PJSC, Abu Dhabi's leading listed property development, investment and management company, today announced a net profit of AED 506 million for the second quarter of 2014, an increase of 12% from Q1 2014 and an increase of 168% from Q2 2013 after adjusting for one time effects booked at the time of the merger with Sorouh1  Revenues for Q2 2014 were AED 2,194 million up 74% from Q2 2013. The net profit for the second quarter was primarily driven by the continued handovers of units at the Gate Towers and strong growth in residential leasing revenues on the back of a successful leasing campaign principally at the Al Rayyana development.

OTHER ON-DEMAND WEBINARS

Environmental Liabilities in Real Estate Transactions

lorman

Know how to handle real estate transactions involving contaminated or potentially-contaminated properties. Many real estate transactions involve properties that have known or potentially unknown environmental contamination. Because of the strict liability imposed by environmental statutes it is important that real estate transactions be proceeded by appropriate due diligence and that the existence of any environmental contamination and associated liability be allocated in the Purchase and Sale Agreement or other applicable transaction documents (i.e., lease or financing documents).
Watch Now

Seniors Housing Investor Outlook 2018

NIC

Our discussion will highlight: - National and local area construction and absorption trends - Labor market observations - NIC/NREI Investor Sentiment Survey results - Transactions volume, pricing and cap rate trends - Comparative commercial real estate investment performance returns - Current trends and near-term outlook for seniors housing market fundamentals
Watch Now

Real Estate Mezzanine Financing: Structuring and Documentation, Due Diligence, Key Provisions

Mezzanine financing allows borrowers to obtain financing in addition to a mortgage loan, but mezzanine loans add complexity, with additional documents, legal opinions, and third-party reports. Mezzanine lenders require separate consent rights for various actions by the borrower, and restructuring a nonperforming loan is especially problematic given the diverging interests of the mezzanine and mortgage lenders. Since the mezzanine lender's security interest is in the borrowing entity rather than the property, it must conduct entity-level diligence, including analyzing potential claims and agreements entered into by the property owner. Existing contracts and licenses might contain restrictions on transfer--the pledge securing the mezzanine loan or any foreclosure of the pledge could violate such limits. The mezzanine loan agreement should track the mortgage loan agreement, with mortgage loan representations recast to refer to the mezzanine borrower and the mortgage borrower. The mezzanine borrower and the mortgage borrower should be required to comply with entity-level covenants and property-related covenants. The mezzanine borrower's obligations are secured by a UCC pledge of equity interests in the property owner. The pledge can be perfected under Article 8 of the UCC. The mezzanine borrower's ownership interest in the mortgage borrower must be certificated so the mezzanine lender can take physical possession of the membership certificates. The operating agreement should also include Article 8 opting-in language. Listen as our authoritative panel discusses the nuances of mezzanine financing.
Watch Now

Realvolve Webinar: Realvolve's Tech Startup Lessons for Real Estate

Realvolve

In this session, Dale Warner, COO of Realvolve, takes you through some of the hallmark SaaS strategies that Real Estate Professionals can apply to their own businesses to drive revenue, increase efficiency, and better manage their relationships with a real estate CRM.
Watch Now

Spotlight

Abu Dhabi, 3 August 2014: Aldar Properties PJSC, Abu Dhabi's leading listed property development, investment and management company, today announced a net profit of AED 506 million for the second quarter of 2014, an increase of 12% from Q1 2014 and an increase of 168% from Q2 2013 after adjusting for one time effects booked at the time of the merger with Sorouh1  Revenues for Q2 2014 were AED 2,194 million up 74% from Q2 2013. The net profit for the second quarter was primarily driven by the continued handovers of units at the Gate Towers and strong growth in residential leasing revenues on the back of a successful leasing campaign principally at the Al Rayyana development.

resources