News & Analysis as of

Conversion Real Estate Development Commercial Property Owners

Goodwin

Top NYC Developer Shares Three Keys to Successful Office Conversions

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The pandemic-driven rise in remote work has created a big opportunity for real estate developers to turn empty offices into apartments, condos, and other types of housing....more

ArentFox Schiff

Money Trees (and Office Greens): Why Real Estate Developers are Transforming Vacant Office Spaces into Trendy Urban Farms

ArentFox Schiff on

Welcome to the trendy revolution of urban farming. Three years ago, Washington, DC, Mayor Muriel Bowser unveiled a plan to transform vacant office buildings in downtown DC into residential properties with hopes of creating a...more

Alston & Bird

Land Use Matters March 2024 – CEQA Appellate Decisions & Other Legal Developments

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City of Los Angeles - Proposed Citywide Adaptive Reuse Ordinance - In 1999, the city council adopted the Adaptive Reuse Ordinance (ARO) that enabled the conversion of commercial buildings constructed in the downtown area in...more

Pullman & Comley - For What It May Be Worth

Connecticut Bill Aims to Incentivize Commercial to Residential Building Conversions

National and local news has been replete with stories discussing the challenges and benefits of converting underutilized commercial properties such as office buildings into needed housing.  A recently introduced bill pending...more

Farella Braun + Martel LLP

[Event] San Francisco’s Downtown: What Does the Future Hold? - February 28th, San Francisco, CA

As work habits continue to transition from office space to work from home, sparsely populated downtown office towers are proving to be a barrier to the City’s goal of repopulating the traditional financial district. Enter the...more

Tonkon Torp LLP

Can Office to Residential Conversions Help Revitalize Downtown?

Tonkon Torp LLP on

Last April, I wrote about office to residential conversions, and the various challenges in making such projects work. On October 11, 2022 the Oregon NAIOP Chapter hosted a panel to discuss how we might make such conversions...more

Tonkon Torp LLP

Can Office to Residential Conversions Help Revitalize Downtown? (Audio)

Tonkon Torp LLP on

Is downtown Portland ready for office to residential conversions? Attorney Kimberlee Stafford gives a progress update on this movement to address the housing shortage and reduce high office vacancy rates....more

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