When parties enter a contract involving an appraised value of real estate, they need eventual finality with respect to that appraised value, but they also want fairness in the appraisal process. In Buffalo-Water 1, LLC v. Fidelity Real Estate Company, … Continue reading
Guest Post by Arlon Brown of the Parsons Commercial Group, Framingham, Mass. The commercial office market in the Boroughs (Marlborough, Northborough, Southborough and Westborough) is improving with declining vacancies and rising rental rates. This can be attributed to an expanding … Continue reading
Although many people object to the way cell towers look in the landscape, a cell tower lease can provide a welcome source of additional revenue for the landowner. Most cell towers exist by virtue of a lease between the landowner … Continue reading
In my last blog post, I outlined key issues that a landlord should consider when negotiating a lease with a perspective tenant in a LEED-certified building. In this post, I want to review the same issue but from the tenant’s … Continue reading
As area businesses seek to “go green,” we are seeing an increasing interest in LEED (Leadership in Energy and Environmental Design) certified buildings. This raises important leasing issues for both landlords and tenants. In this post, I’ll outline the key … Continue reading
As we reported previously here, the Massachusetts Appeals Court ruled last year in 275 Washington Street Corp. v. Hudson River International, LLC that, in the absence of specific lease language to the contrary, “the bright-line rule remains that a landlord … Continue reading
The Supreme Judicial Court’s (SJC) recent ruling in DeWolfe v. Hingham Centre, Ltd., is a warning to Massachusetts real estate brokers: What you say can and will be used against you in a court of law. The case is also … Continue reading
Despite the fairly straightforward nature of the issue, before the recent case of Creative Playthings Franchising, Corp. v. James A. Reiser, Jr., the Massachusetts Supreme Judicial Court (SJC) had not categorically ruled whether parties to a contract could agree to … Continue reading
Citing a report from Jones Lang LaSalle, the Boston Business Journal reports that the retail real estate sector continues to stabilize. Although rents nationally continued to decline by 1.7 percent, this was an improvement of .5 percent in the second … Continue reading
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An interesting opinion came down from the Massachusetts Appeals Court last month that merits discussion. In 275 Washington Street Corp. v. Hudson River Int’l, LLC, 81 Mass. App. Ct. 418 (2012), the Court held that the damages owed to a landlord from a … Continue reading
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