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Real Estate Legal Alert
August 1, 2011              
Borkenhagen Lynn

Lynn A. Borkenhagen
Partner
Construction | Real Estate
San Diego
(619) 235-1553
(619) 233-1158 (fax)
E-mail me

Ransom Sonia J

Sonia J. Ransom
Partner
Land Use | Real Estate | Environmental & Natural Resources
San Francisco
(415) 273-8413
(415) 837-1516 (fax)
E-mail me




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About Allen Matkins

Allen Matkins, founded in 1977, is a California-based law firm with approximately 220 attorneys in four major metropolitan areas of California: Los Angeles, Orange County, San Francisco and San Diego. The firm's core specialties include real estate, real estate and commercial finance, bankruptcy and creditors' rights, construction, land use, natural resources, environmental, corporate and securities, intellectual property, joint ventures, taxation, employment and labor law, and dispute resolution and litigation in all these matters. More...


 

     

Protecting and Perfecting Condominium Entitlements in a Down Economy

  Protecting and Perfecting Condominium Entitlements in a Down Economy

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After a long period of stagnation when sellers and buyers could not come to a meeting of the minds regarding values, developers (and lenders who have taken back property) now find that broken condominium projects have become a popular target for investors seeking to acquire distressed assets. In many cases, the investor intends to rent the condominium rather than sell them.

The scenario is the opposite of the trend a few years ago when apartments were converted to condominiums at mind-boggling rates. At that time, developers' concerns centered on numerous legal provisions regarding conversion and noticing as well as local conversion (or anti-conversion) ordinances. Now the situation is reversed. Many of the projects purchased are already entitled as condominiums, but the investor plans to rent them out. More...

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