Legislative Update Event Recap: Key Insights on Commercial Real Estate Law
On June 26, 2024, we had the pleasure of attending a highly informative Legislative Update event hosted by Sikora Law LLC in downtown Cleveland. This event, brought to us by the SIOR and CCIM chapters, provided invaluable insights into the latest developments in commercial real estate law.
The agenda was packed with critical topics that are shaping the commercial real estate landscape:
Agency Agreements & HB 466 A comprehensive discussion on Ohio’s new requirement for written agency agreements for all real estate transactions, aimed at improving transparency and professionalism in the industry.
Ohio Joint Property Tax Study Committee An exploration of current property tax issues and potential reforms, highlighting efforts to create a fairer system for property owners.
Entity Transfers & SB 245 A review of recent changes in entity transfer regulations and their implications for commercial real estate transactions.
Permitting & Senate Bill 41 An analysis of proposed amendments to streamline the permitting process, aiming to make it faster and more efficient for property owners and developers.
Wholesaling & Senate Bill 192 A look at new legislation affecting wholesaling practices, with a focus on regulating and standardizing the process to protect consumers and professionals alike.
Economic Development Incentives An overview of the latest economic development incentives designed to spur growth and investment in the commercial real estate sector.
The event featured expert speakers, including Mike Sikora and Greg Hrabcak, who shared their deep knowledge and perspectives on these legislative issues. The discussions underscored significant changes poised to enhance transparency, streamline processes, and promote adaptive reuse in real estate.
The event concluded with a vibrant networking session, providing attendees the opportunity to connect with peers and industry leaders. A special thanks to Sikora Law LLC for hosting us in their beautiful downtown Cleveland office and to all the participants for making this event a success.
We look forward to applying these insights to our commercial real estate practices and continuing to stay at the forefront of industry developments.