L. Penn Clarke RALEIGH, N.C. (August 5, 2019) – Penn Clarke has been named partner at the commercial real estate law firm, Longleaf Law Partners, which he joined in 2018 after practicing at a large international law firm. Clarke routinely advises clients in transactions involving the acquisition, financing, development and sale of multi-family (traditional and student housing), retail, office, warehouse and mixed-use matters. A substantial portion of his practice focuses on representing landlords and tenants
Even when the commercial real estate market is hot, wise investors keep an eye on local and global market shifts, vacancy rates in their communities, and other dynamics that impact the value and marketability of their existing properties. For example, retail space is particularly susceptible to obsolesce, as evidenced by the traditional enclosed shopping malls of the past. Across the country, malls are sitting vacant as consumers show preference for open-air and mixed-use retail spaces,
Big congratulations to our colleagues at Longleaf Law Partners for being recognized by Business North Carolina among the state’s Legal Elite. These top attorneys are chosen by their peers, with this award serving as a model for other awards and lists. The North Carolina Legal Elite is the only award that gives every active lawyer in the state the opportunity to participate. Ben Worley was awarded in the Litigation category, and Jamie McCaskill, David Miller and
Just like all of business and industry, the construction sector is embracing technology to improve quality, communication and worker safety. Here’s a look ahead at the technologies you might see on the commercial construction site in 2019: https://geniebelt.com/blog/top-10-construction-technology-trends-for-2019
Investors are eyeing the tax advantages of investing in Target Opportunity Zones, a new vehicle established under the Tax Cuts and Jobs Act of 2017. The law allows taxpayers to defer capital gains taxes on profits from the sale of any property until 2026 and reduce that tax payment by up to 15%, among other provisions. Opportunity Zones have the potential to open up a sizable new sector within the real estate investment market. The program encourages investment
