This course builds on principles from Real Estate Transactions and Finance. It examines legal issues related to the initial development of real estate from the ground up and complex issues related to the financing, ownership, and operation of commercial properties. Topics may include: commercial mortgage commitments; permanent financing; construction lending and mechanics’ liens; subordinated financing; lender liability related to construction; ground lease financing; commercial leases; shopping center development and operation; condominium and cooperative development and operation; distressed properties; the effect of environmental regulation on real estate transactions; green leases and sustainable development; and globalization of American real estate transactions.

This upper-level course focuses on the legal and business issues of sophisticated real estate transactions, i.e., transactions beyond the sale of an existing residence or an existing, basic commercial property. It represents a final step for students in the area of real estate transactions and finance. The course provides substantive learning through cases, statutes, and scholarly and professional articles. It also develops skills by having the students address, critique, and alter sample transaction documents in light of lessons learned and through the use of problems. The course focuses on developing a transactional approach to issues, applicable to real estate, corporate, business, and other related practices.

Recommended for the Following Professional Pathways: Real Estate and Land Use; Corporate Transactions and Governance; General Practice – Transactional

Prerequisite: Real Estate Transactions and Finance

2 Credits