Experienced Kansas City Construction Law Firm
Call Our Team Today
1-800-523-5786

June 2017 Archives

Loan refinancing becoming more difficult for owners and banks

Commercial property developers in Colorado and around the country generally take short loans of between five and seven years to get their projects started. These loans must then be paid off and refinanced after construction work has been completed. Sources of refinancing capital have been relatively easy to find in recent years as the economy thrived and commercial property values soared, but industry experts say that a confluence of factors is now making things far more difficult for developers in need of cash.

Colorado Supreme Court rules on construction defect case

Builders in Colorado may have been in a celebratory mood on June 5 when the state's Supreme Court ruled on a landmark construction defect dispute. The case involved how the declarations for projects can be changed, and the justices ruled by a 5-2 majority that a homeowners association was wrong to file a lawsuit before first obtaining the builder's consent to change a binding arbitration provision.

Foreign investors still bullish on American CRE

Investors in Missouri and around the country are drawn to commercial properties because they generally offer robust yields and provide a hedge against inflation, and a report from the National Association of Realtors suggests that foreign investors also see American office buildings, warehouses and stores as safe places to put their money. The trade group's Commercial Real Estate International Business Trends survey reveals that one in five of the realtors who closed a commercial property deal in 2016 did so with a foreign investor.

Our condo association was faced with monumental construction issues thanks to the original developer of our complex. We were cash poor and in no position to get legal representation without a contingency fee arrangement. Luckily for us, Scott Long and Burke Robinson were willing to take us on as clients. Their work ethic, professionalism and knowledge of condominium construction served our association very well. Any association would be well served in hiring these gentlemen to represent them.

Board of Directors - Plaza Gardens on the Lake Condominium Owners’ Association Lake of the Ozarks, MO

Read More Testimonials

Let Us Help You

Contact our Kansas City Construction Law Firm by calling 1-800-523-5786 or by completing this contact form.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy