Landlords and tenants at restaurant properties are increasingly looking to joint ventures to share in both the risks and rewards, while restaurants are also increasingly popping up in mixed-use residential projects, one of Blank Rome's hospitality leaders told Law360 Real Estate Authority in a recent interview.
Open-air shopping centers with big-name brands are driving demand in the retail sector, leading to a dynamic where heavyweight tenants are calling more shots on leasing terms, according to a Saul Ewing LLP real estate partner.
Despite the structural failure at a prominent project, momentum for office-to-residential conversions in New York City is continuing to build, and attorneys say they have not noticed clients shying away from such projects.