Caution remains the watchword even as bearish sentiment declines JMBM’s 2010 California Real Estate & Land Use Survey gathered data from 98 executives, 49 percent of whom identified themselves as developers and 49 percent as capital providers. Respondents indicating they were "bearish" about the market declined from 22 percent a year ago to 11 percent […]
On October 8, 2009, the Los Angeles City Planning Commission unanimously approved a luxury 80-room boutique hotel in the historic Security Pacific Bank Building at the corner of Hollywood and Cahuenga. Based on the work of JMBM and the project team, the hotel concept received vast community support ranging from historic preservation associations to neighborhood […]
How many of you have been the victim of a city’s “urgency” moratorium law that stopped your project cold? I’ve had several such cases in the past couple of years and am pleased to report that in one of those cases, where the client had no alternative but to litigate, we prevailed big time! In […]
Kerry Shapiro’s article, “New Opportunities to Protect and Develop Your Mineral Resources: Designation and SB375“, was featured in The Conveyor, a publication of the California Construction and Industrial Materials Association (CalCIMA) in its July 2009 issue.
Ben Reznik’s article, "California Can’t Afford to Let Cities Slide on Housing", was published by the Los Angeles Business Journal. The article discusses SB 1818, and the ongoing issues involving cities and the development of affordable housing.
Signs are on the minds of elected officials, government agencies and neighborhood groups in every community of Los Angeles as the City seeks to overhaul its Citywide and Hollywood sign codes this year in response to multiple lawsuits from sign companies and property owners, and outcry from residents. On May 26, 2009, the Los Angeles […]
In adopting SB1818, the State Legislature thought it had figured out a way to force local jurisdictions to comply with the state mandate of providing more affordable housing long codified in Government Code Section 65915. Despite the fact that this law has been on the books for many years allowing the building of bonus market […]
Developers and investors remain cautious, prepare for the future JMBM’s 2009 California Real Estate & Land Use Survey confirms that real estate developers and investors remain unconvinced that the end of the real estate downturn is imminent. 69% of those surveyed indicated they were cautious, while 22% were bearish about the real estate market. Still, […]
March 1, 2009 Suing the city of Los Angeles is part of lobbyist’s routine Benjamin M. Reznik, JMBM Partner and Chairman of the Firm’s Government, Land Use Environment and Energy (GLUEE) Group, was featured in this Los Angeles Times article. Mr. Reznik has filed more than 150 lawsuits against the City of Los Angeles over […]
On November 14, 2008, federal court Judge A. Howard Matz of the United States District Court, Central District of California, awarded JMBM’s client, CEMEX, the full amount of attorneys’ fees requested for its defense of a California Environmental Quality Act (CEQA) lawsuit. The attorneys’ fees were incurred in the last round of litigation involving actions […]