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Real Estate & Land Use

Nov 16, 2015

Confessions of judgment clauses serve as a powerful tool in favor of lenders and commercial landlords in Pennsylvania

If you are a lender or commercial landlord and are involved in a transaction in Pennsylvania, confessions of judgment are an effective remedy in the event of a default of either a borrower or a tenant.  If properly drafted, confessions of judgment may allow for the immediate entry of judgment as opposed to filing a civil suit for damages.   » Read More

Feb 27, 2015

Pennsylvania’s “Super” Laws for HOAs

With the growth of organized housing communities, particularly condominiums, we have also seen an increase in the number of Homeowner Associations – or HOAs as they are widely referred.  HOAs generally own or control the common areas of a housing community and are charged with specific obligations under the HOA’s by-laws; such as, mowing the lawns, removing snow and ice, maintaining a club house or pool (if one exists) and enforcing the rules of the community.  » Read More

Feb 26, 2015

Pennsylvania Deficiency Judgment Act Amended

The Deficiency Judgment Act establishes a procedure for a judgment creditor to petition a court to fix the fair market value of real property sold at a sheriff’s sale. Whenever any real property is sold, directly or indirectly, to a judgment creditor in execution proceedings and the price for which the property sold is not sufficient to satisfy the amount of the judgment, and the judgment creditor seeks to collect the balance due on the judgment, the judgment creditor must petition the Court of Common Pleas in the county where the real property is located to fix the fair market value of the real property sold. » Read More

Oct 21, 2013

Rich Somach to Speak at CREW Presentation

I will be a presenter at Allentown’s Retail Revival, with Allison Lisiecki, City Center Retail Specialist, on Tuesday, October 29, at the Hamilton Financial Center in Allentown.  This program, hosted by CREW (Commercial Real Estate Women) Lehigh Valley, will take a journey into the past to explore the history of downtown Allentown’s retail landscape in the 60’s, 70’s and 80’s, and will delve into the plans being implemented today and the vision of the future to attract the best retail mix to support the new arena, office, hotel and apartment development taking place in Allentown’s Neighborhood Improvement Zone. » Read More

Oct 04, 2013

Brownfields to gold mines? Possible – but be careful

On September 25, my colleague, Jeff Casaletto, Esq., and I presented Don’t Cry Over Spilled Oil- Understanding Risks Can Create Opportunities. Betsy Schamberger, President of Moonstone Environmental, and Tracy Oscavich, Director of Lehigh Valley Land Recycling joined us to discuss how common “deal killers” can actually create additional business opportunities. » Read More

Aug 22, 2013

Youell’s Oyster House – Coming Back Soon

One of Allentown’s treasures, Youell’s Oyster House, suffered a fire earlier this year. After a lengthy hearing before the Allentown Zoning Hearing Board with objectors, we were successful in obtaining the approval to rebuild with additional seating. We have received many inquiries as to when construction will start and we are pleased to report shovels will be in the ground by the end of the month. » Read More