Die Immobilienbranche steht aktuell vor großen Herausforderungen: Explodierende Baustoffpreise, hohe Inflation, etc. vergrößern die wirtschaftlichen Risiken.
Die Immobilienbranche gilt als eine der akuten Krisenbranchen in Deutschland. Die Corona-Pandemie, der Ukraine-Krieg, die Inflation und die Zinswende haben zu einem Einbruch der Bauaufträge, der Flächennachfrage und der Immobilienpreise geführt. Die Baukosten sind enorm gestiegen, während die Investoren* zurückhaltender geworden sind.
Immobilienkrise in Zahlen
Interest rates remain high, and for many markets and asset classes, prices have yet to fall. However, there’s at least one way real estate investors can buy a property at the right price in this cycle: Distressed sales.
“It’s a main mechanism for price correction,” said Matthew Scoville, a New York-based attorney and partner at Hunton Andrews Kurth who has represented both lenders and real estate developers. In many cases, distressed sales allow investors to acquire properties that would otherwise not be available. “Opportunities are the name of the game,” he said.
Good afternoon. Following are this week’s summaries of the Court of Appeal for Ontario for the week of August 28, 2023.
I hope everyone is enjoying the last long weekend of the summer.
Chippewas of Nawash Unceded First Nation v. Canada (Attorney General) is a 125-page decision dealing with the claim of the Saugeen Ojibway Nation to submerged lands in Lake Huron and Georgian Bay. The claim was mostly unsuccessful.
Economic headwinds continue to make life difficult for retail and leisure operators. Wilko, of course, is the latest high profile retailer to enter administration, following on the heels of retailers such as Paperchase, Hotter Shoes and AMT Coffee. Cineworld's route out of Chapter 11 bankruptcy has involved the administration of its UK parent, although the operating companies have remained unaffected.
BGH bestätigt die Pfändbarkeit des schuldnerischen Wohnungsrechtes am eigenen Grundstück – Was bedeutet das für die Insolvenzverwaltung und den Schuldner?
Als beschränkt persönliche Dienstbarkeit kann auch das Recht bestellt werden, ein Gebäude oder einen Teil eines Gebäudes unter Ausschluss des Eigentümers* als Wohnung zu benutzen, sog. Wohnungsrecht (§ 1093 BGB).
Das Wohnungsrecht im Vergleich zum Wohnrecht
Excluded from Subchapter V eligibility is a “single asset real estate” debtor.
We have a recent opinion on a Subchapter V debtor who beats that exclusion: In re Evergreen Site Holdings, Inc., [Fn. 1]
What follows is a summary of that opinion.
Eligibility Issue & Standards
The Evergreen issue is this:
Several relics of the 2008-2010 financial crisis have returned to the commercial real estate sector as distress in the market picks up and lenders and borrowers look for solutions to loans that are in or near default.
While media attention of the COVID-19 pandemic has focused on commercial tenants, many commercial landlords are also experiencing distress as a result of missed rent payments. There are a few general concepts that are helpful to understand as a tenant in the event your landlord files bankruptcy.
In a challenging economic climate, we usually see an increase in leases ending prematurely, either by agreement or by landlords irritating (forfeiting) the lease when they are faced with an insolvent tenant or bad payers. Tenants in these circumstances will often leave behind goods and equipment. The temptation for landlords is just to throw the stuff away so they can re-let but there are restrictions on what a landlord can and can't do with abandoned goods in Scotland.
What should you do if a tenant leaves goods behind at the premises (tenant not insolvent)?
KEY POINTS