Real Estate Ownership: Rhode Island

The Providence Zoning Board of Review’s decision to approve master and preliminary plans for an extended-stay hotel was not arbitrary, capricious or clearly erroneous, a Superior Court judge has ruled. Neighbors of the proposed redevelopment in Providence objected to the project, arguing that it was incorrectly zoned as an extended-stay hotel when it more accurately...

As seen in the New England Real Estate Journal , June 17 – 23, 2016 edition. For those who negotiate construc­tion contracts, we know some terms are much harder to negotiate than others (e.g., indemnity clauses, no damage for delay, warranties, assignment rights, etc.). Invariably, however, one of the toughest terms is the liquidated dam­age clause. In...

As it appeared on May 26, 2016 on the ABA website, Section of Litigation Commercial & Business  Practice Points. One question faced by creditors of a consumer debtor in bankruptcy is how to reach what is often their most valuable asset, their home. The Bankruptcy Code and state laws provide exemptions for property—or for up...

As seen in the March 25, 2016 edition of the New England Real Estate Journal. China’s volatile stock market has only increased the desire for foreign capital inflow from China to U.S. Chinese foreign investment in U.S. commercial real estate has increased steadily from $3 billion in 2013 to $6.6 billion in 2014 to $8.6 billion...

As seen in the March 14, 2016 edition of the Providence Business News. Much has been written about crowdfunding commercial real estate since the passage of the Jumpstart Our Business Start-ups Act of 2012 (“JOBS Act”).  Websites such as Selequity, Fundrise, and Realty Mogul have sprung up to provide what Selequity calls “the leading edge CRE investment...