Real Estate/Development
Apr. 28, 2011
Protect Your Development Approvals During Market Cycles
Among the many lessons to be learned from the recent real estate downturn, probably the most important one is the simplest: It will happen again. By Michael Patrick Durkee and Thomas P. Tunny of Allen Matkins Leck Gamble Mallory & Natsis LLP.
Among the many lessons to be learned from the recent real estate downturn, probably the most important one is the simplest: It will happen again. The real estate market is by nature cyclical, and history, as they say, tends to repeat itself. The ups and downs of the market and the passage of time inevitably result in unexpected changes in the law that can be very expensive or can even kill a project.
Develop...
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