Blogs

Construction

Critical Contract Terms for Construction in 2024: Legal Strategies for Navigating Uncertain Economic Waters

We have recently discussed the 2024 construction market and economic conditions, the impact of the same locally and resulting risk issues, and examined the second order impacts from the state of the economy. We now will focus on specific critical contract terms and suggestions that developers and contractors should focus on in the current environment.…

May 20, 2024

Construction

Embracing the Future: The Role of Data Centers in Virginia’s Economic and Technological Landscape

Introduction As Virginia continues to establish itself as a central hub in the digital economy, data centers have become critical to supporting our extensive digital needs. These facilities are essential for cloud computing, internet services, and managing the vast amounts of data generated by businesses and consumers. The advent of artificial intelligence (AI) further highlights…

May 1, 2024

Construction

Navigating Second-Order Economic Impacts on Construction: Strategic Legal Insights for 2024

We recently discussed the general construction market in 2024 by sector and the specific economic impacts at play in the construction market. We now turn to discussing some of the second order effects that these economic factors are having in the Washington, DC construction market here in April 2024. We will then raise some specific…

April 30, 2024

Construction

Arlington County’s Strategic Response to Rising Office Vacancy Rates

Arlington County is pursuing measures to address the challenges of increasing office vacancy rates, influenced by changing work patterns and economic conditions. The county has implemented several strategic initiatives aimed at revitalizing its commercial real estate sector. These measures include adaptive reuse of obsolete buildings, enhancements to density allowances in Rosslyn, and updates to parking…

April 29, 2024

Construction

Economic Dynamics and Risk Management in Construction: A Legal Perspective for 2024

In our last article, we discussed the general state of the regional construction economy and how that applies to specific industry vertical markets. We now turn to specific national macro-economic trends and discuss how these trends in turn impact the current regional construction economy. As part of this dialogue, we also discuss how these specific…

April 24, 2024

Construction

Navigating the 2024 Construction Market in Washington, DC – A Sector-by-Sector Analysis

This year has brought about distinct challenges and opportunities in the Washington, DC construction market. These changes reflect the broader economy and specific local dynamics. We will explore the current environment across various construction sectors and identify trends that are shaping the industry. The Decline of Office Space Construction Traditional office building construction, once a…

April 19, 2024

Construction

Safeguarding Your Construction Business Against Third-Party Bankruptcy

The ripple effects of a bankruptcy in the construction sector can be far-reaching, impacting not just the entity filing for bankruptcy but also its partners, including general contractors, subcontractors, suppliers, and owners. The financial stability of your construction business can be severely affected by the bankruptcy of a third party, regardless of its tier in…

April 9, 2024

Construction

The Data Center Boom in Prince William County: Growth, Challenges, and Community Impact

The emergence of Northern Virginia, specifically Prince William County, as a burgeoning data center hub encapsulates a dynamic intersection of technological advancement and community response. This region, on track to surpass Loudoun County as the data center capital of the world, exemplifies the massive infrastructural and economic transformations driven by the digital era. With over…

April 4, 2024

Business and Financial Services

Commercial Foreclosure Alternatives (DC)

This Lexis Practical Guidance practice note by John G. Kelly, discusses alternatives to foreclosure for Washington, DC commercial real estate loans with a focus on the deed in lieu process.

March 18, 2024

Business and Financial Services

Commercial Foreclosure Alternatives (VA)

This Lexis Practical Guidance practice note by John G. Kelly, discusses alternatives to foreclosure for Virginia commercial real estate loans with a focus on the deed in lieu process.

March 18, 2024