By Sam DeBaltzo and Michael Fletcher – U.S. Bancorp Tower (aka “Big Pink”) located at 111 SW Fifth Avenue, has officially been sold. Of local significance, ownership has transferred from various nationally based real estate...
By Adam Adkin and Sam DeBaltzo – Loan financing is a cornerstone of real estate development. It’s a rare project that has captive capital to finance the entire project, and many investors expect that their...
By Sam DeBaltzo – Almost every subcontract I see includes some type of “pay-if-paid” provision, meaning the general contractor (GC) is not required to pay the subcontractor until and if the GC receives payment from...
By Sam DeBaltzo – What if an owner pays its general contractor (GC), but the funds never make it to the subcontractors who subsequently lien? The owner can go after the GC for defaulting in...
By Sam DeBaltzo – In the course of reviewing construction subcontracts, I’ve recently seen provisions similar to the following (simplified for convenience and confidentiality): “The subcontractor shall reimburse the [Contractor and/or Owner] for any costs...
