Categories
Legal news

Bay Area Reopening Tracker (4/15/21)

By Robert C. Herr, Robert G. Howard and Allan Van Vliet

As new instances of COVID-19 declines, each County in the San Francisco Bay Area is invisibly slowly in accord with the California’s coloured tier program. The patchwork of local rules and orders is difficult to follow. Our Bay Area Reopening Tracker is here to help. We’ve included each of the eight Bay Area counties, and their respective present grade, Health Order (and additional important orders), and our brief comments about their standing. Please check back in with us–we aim to upgrade the Bay Area Reopening Tracker per week for the near future.…

Categories
Legal news

Bay Area Reopening Tracker (4/15/21)

As new cases of COVID-19 declines, each County in the San Francisco Bay Area is reopening gradually in line with the California’s colored tier system. The patchwork of local orders and rules is difficult to follow. Our Bay Area Reopening Tracker is here to help. We have included all the eight Bay Area counties, as well as their respective current grade, Health Order (and additional important orders), and also our short comments regarding their status. Please check back in with us–we aim to update the Bay Area Reopening Tracker per week for the foreseeable future.…

Categories
Legal news

Connection Corner: Gensler’s Ryley Poblete

By Pillsbury’s Construction & Real Estate Law Team

The Real Estate and Construction business could possibly be enormous, but as with all businesses, it comes down to the folks who make it all come together. From time to timewe love to profile a few of those individuals.
Ryley Poblete is a Senior Designer with global design and design firm Gensler, having spent the better part of the previous decade working at the organization’s Sciences Practice creating a portfolio of work centered around life sciences. An avid runner, urbanist, photographer, artist and policy enthusiast, Ryley are available, in his spare time,”studying the newest Economist or digging into a job’s context to actually specify a new bit of architecture at the cities” where he operates. Asked how he’d describe his occupation into a layperson, Ryley adds,”I use developers and biotech customers in planning and structuring developments to best match their situation.”
Read’…

Categories
Legal news

Link Corner: Gensler’s Ryley Poblete

The Real Estate and Construction business may be huge, but as with all industries, it comes down to the folks who help make it come together. From time to timewe love to profile a few of those individuals.
Ryley Poblete is currently a Senior Designer with international design and design firm Gensler, having spent the better part of the last decade working in the corporation’s Sciences Practice creating a portfolio of work centered throughout life sciences. An avid runner, urbanist, photographer, artist and coverage enthusiast, Ryley can be found, in his spare time,”studying the newest Economist or digging into a project’s context to really specify a new piece of architecture in the cities” where he functions. Asked how he would describe his occupation into a layperson, Ryley adds,”I use developers and biotech customers in planning and structuring improvements to best match their position.”
Tell us about an interesting project you are working on.
Poblete: Over the past year and a half, I have been focusing on a project referred to as the Fenway Center life science campus. It’s a 22-story, almost one-million-square-foot development within the Massachusetts Turnpike. It’ll be one of the largest fresh air rights projects in the Boston region of the previous 40 years. The project is for our customers IQHQ and Meredith Management. Meredith Management has been working with this project for 20 years, establishing the funds and also the first phase of the project. When the next phase came around, IQHQ brought in the capital to really take the development to another level. The Principals in our Boston office developed a great relationship with our spouses at IQHQ, and that has resulted in a portfolio of projects which are defining this present wave of lifestyle investment throughout the nation. The Fenway Center endeavor will probably have one of the largest automated garage programs in the nation and will likely be paired with a playground which will be named Life Science Park: A Monument to Life Sciences and Public Health. The state-of-the-art lifestyle arts campus will anchor a study, academic and medical district between Kenmore Square and the Longwood Medical and Academic Area, one of our nation’s premier research and treatment centres.

Poblete: My proudest professional moment has to be attaining a permit for our customers for the deck which will support the Fenway Center project in Boston. Being that it’s such a gigantic air rights project and a few of Boston’s largest air rights projects because the Big Dig, it’s an wonderful team win all around. The efforts which have gone into achieving this project from the possession group and our collective design staff have been sport changing. Second to this was attaining approval for your Fenway Center project to move ahead by the BPDA and the BCDC. If you’ve worked in Boston, it’s a fairly amazing day when you get this vote of acceptance.
When outside work, how do you unwind?
Poblete: Running is your greatest kind of”zoning out” for me personally. I will often either begin my afternoon or finish it with jogging. In addition, for the longest period, I played football competitively–I only stopped due to schedules in University–but I still love a wonderful game.
Before we let you go, tell us something you consider key to your project.
Poblete: Obsession is often viewed as a negative, but in regards to incorporating a new bit of architecture to the city, obsession and focus is essential.…

Categories
Legal news

What Do You Need to Know? Non-U.S.-Based Investors Face the Disclosure Regime of this Corporate Transparency Act.

From the Spring 2021 issue of AFIRE Summit Journal, Pillsbury New York-based Real Estate partner Andrew Weiner discusses the Organization Transparency Act and disclosure Conditions for non-U.S. based investors.

Summit Journal is the official publication of AFIRE, the federal institution for international real estate investors focused on commercial land in the U.S.
Read Andy’s full take here.…

Categories
Legal news

What Do You Want to Know? Non-U.S.-Based Investors Face the Disclosure Regime of their Corporate Transparency Act.

From Pillsbury’s Construction & Real Estate Law Team

From the Spring 2021 dilemma of AFIRE Summit Journal, Pillsbury New York-based Real Estate partner Andrew Weiner discusses the Corporate Transparency Act and disclosure requirements for non-U.S. based investors. Summit Journal is the official publication of AFIRE, the national institution for international real estate investors focused on commercial land in the U.S.
Read Andy’s full take here.…

Categories
Legal news

What Do You Want to Know? Non-U.S.-Based Investors Face the Disclosure Regime of this Organization Transparency Act.

From the Spring 2021 Dilemma of AFIRE Summit Journal, Pillsbury New York-based Real Estate partner Andrew Weiner discusses the Corporate Transparency Act and Regulation requirements for non-U.S. Established Traders.

Summit Journal is the official book of AFIRE, the federal institution for global property investors focused on commercial property in the U.S.
Read Andy’s full take here.…

Categories
Legal news

Hydrogen Powers Its Way in Proof of Concept to Reality in Real Estate

Hydrogen is the new buzzword in each industry, and real estate is no exception. Hydrogen doesn’t emit carbon dioxide when burnt and might therefore cut the climate impact of structures, which in turn represent one of the largest emitters of greenhouse gases following sector and surface transportation. To the degree that hydrogen is to become an important power source worldwide, it will need to go into the domestic power market. The initial step is apparently the evolution of pilot villages.
In the united kingdom, there are numerous hydrogen samples in uninhabited possessions or within closed private networks. There are a few uninhabited houses on a Royal Air Force base in Cumbria which are heated with hydrogen as well as a personal gas system at Keele University that utilizes 20 percent hydrogen combined together with natural gas. Moreover, there is a small village near Newcastle that’s being used as a test instance: for a span of 10 months beginning in spring 2021up to 20 percent hydrogen will likely be blended into the natural gas system so that over 650 homes may be partly heated by hydrogen. It is expected that a small number of further villages are going to be able to warm their houses with 100 percent hydrogen as soon as 2022, with up a scale to really have a hydrogen town by 2030.
In the United States, communities are investigating ways to integrate hydrogen into their infrastructure. [email protected] at Texas and Beyond is concentrated on designing, constructing and operating the first dedicated renewable hydrogen system, which will integrate all elements of the hydrogen economy to the neighborhood community. In doing so, the job will create zero-carbon hydrogen, and this will then be distributed, stored and ultimately used by quite a few end-users employing the [email protected] system. By way of example, the job will create hydrogen onsite via electrolysis, which will then be distributed within the machine infrastructure to energy cells to the Texas Advanced Computing Center at UT-Austin and to provide hydrogen for a gas station to get a fleet of fuel cell vehicles.
Back in Japan, Toyota has broken ground to a 175-acre”prototype city of the future,” that Toyota states will be a”fully connected ecosystem powered by hydrogen fuel cells.” The project, that Toyota is calling the”Woven City,” will soon be constructed at the site of a former vehicle manufacturing facility. The city will house about 2,000 people, consisting mostly of Toyota workers and their households. Toyota will provide transportation for the town’s residents via the Toyota e-Palette, that can be battery and autonomous. Constructing homes is not new for Toyota–that the company has built homes since 1975 and also a Toyota subsidiary now reportedly constructs approximately 15,000 per year. If Toyota is successful in creating its hydrogen power infrastructure at the Woven City, we might see it apply similar technology in its real estate developments across Asia.
Japan has been at the forefront of the hydrogen revolution and intends to make hydrogen a significant power source in the nation in the near future. Homeowners in Japan are able to buy hydrogen fuel cells to be used in their residences for over a decade. Over 265,000 Ene-Farms are set up, and Japan has the ambitious goal of installing over five million units by 2030. Larger-scale units are set up in multifamily properties, as well. Many Japanese manufacturers have also begun focusing on pure hydrogen fuel cells for both commercial and residential real estate. Panasonic, for example, hopes to begin the sales of its own pure hydrogen fuel cells for residences in 2021. Similarly, Toshiba ESS set up a pure hydrogen fuel cell system at a brand new Tokyo hotel, which is anticipated to fulfill the hotel’s energy requirements and create hot water to be used in its chambers.
With further scaling, within an global basis, these hydrogen fuel cell technology could be set up in homes and offices around the world and provide an alternative to the way buildings now consume power.
For the large part, scaling of hydrogen at the domestic power market still needs engagement of the gas system companies for supply along with a sufficient supply of blue or green hydrogen (i.e., hydrogen produced without emitting carbon dioxide into the atmosphere). Sponsorship of authorities, such as by way of big stimulus packages to infrastructure and industry, alongside private business investment appears to remain the key to ensuring the upstream supply and distribution networks are prepared to distribute hydrogen for large-scale use in the domestic power market. However, the multiplication of test instances, pilot projects and new technologies paint a favorable picture of progress in this business.
RELATED ARTICLES
Hydrogen–A Vital Element in the EU’s Green Planning
The Energy Transition & Hydrogen…

Categories
Legal news

Hydrogen Powers Its Far in Proof of Concept to Reality in Real Estate

Hydrogen is the new buzzword in each industry, and real estate is no exception. Hydrogen does not emit carbon dioxide when burnt and may therefore decrease the climate change of buildings, which in aggregate represent one of the largest emitters of greenhouse gases after industry and surface transportation. To the extent that hydrogen is to become a significant power supply globally, it is going to have to go into the domestic power industry. The very first step is apparently the development of pilot villages.
In the united kingdom, there are many hydrogen samples in uninhabited properties or within closed private websites. There are some uninhabited homes on a Royal Air Force base in Cumbria that are heated with hydrogen in addition to a private petrol system in Keele University that utilizes 20 percent hydrogen blended with natural gas. Additionally, there is a little village near Newcastle that is being used as a test case: for a period of 10 months starting from spring 2021, as much as 20 percent hydrogen will be blended into the natural gas system to ensure over 650 houses can be partly heated by hydrogen. It’s expected that a few of further villages are going to be able to warm their houses with 100 percent hydrogen when 2022, with up a scale to really have a hydrogen city by 2030.
In the USA, communities are exploring ways to incorporate hydrogen into their infrastructure. [email protected] in Texas and Beyond is concentrated on designing, constructing and managing the first dedicated renewable hydrogen system, which will incorporate all parts of the hydrogen economy in to the local community. In doing so, the project will likely produce zero-carbon hydrogen, which will then be distributed, stored and finally employed by quite a few end-users employing the [email protected] system. As an instance, the project will produce hydrogen onsite via combustion, which will then be distributed within the machine’s infrastructure to energy cells for your Texas Advanced Computing Center in UT-Austin and also to supply hydrogen for a fuel station for a fleet of vehicles.
In Japan, Toyota has broken ground to a 175-acre”prototype city of the future,” that Toyota says are a”fully connected ecosystem driven by hydrogen fuel cells” The city will house about 2,000 individuals, consisting mainly of Toyota employees and their households. Toyota will provide transportation for the town’s residents via the Toyota e-Palette, that can be battery and autonomous. Toyota, a longtime advocate for hydrogen-powered vehicles, will use the city as a testing ground for the hydrogen-powered infrastructure and vehicles. Constructing homes isn’t new for Toyota–the company has assembled houses since 1975 and a Toyota subsidiary now reportedly constructs approximately 15,000 per year. If Toyota is successful in developing its hydrogen energy infrastructure in the Woven City, we may see it use similar technology in its own real estate improvements around Asia.
Japan has been in the forefront of the hydrogen revolution also intends to make hydrogen a significant energy supply in the country in the not too distant future. Homeowners in Japan have been in a position to buy hydrogen fuel cells for use in their houses for more than ten years. Over 265,000 Ene-Farms have been installed, and Japan has the challenging objective of installing more than five thousand units by 2030. Larger-scale units have been installed in multifamily properties, as well. Some Japanese manufacturers also have started concentrating on hydrogen fuel cells for commercial and residential real estate. Panasonic, for instance, expects to begin the sales of its pure hydrogen gas cells for residences in 2021. Similarly, Toshiba ESS installed a hydrogen fuel cell system in a brand new Tokyo hotel, which will be predicted to satisfy with the hotel’s electricity requirements and produce hot water for use in its own rooms.
With further scaling, in an worldwide basis, such hydrogen fuel cell technology can be installed in homes and offices around the globe and provide an alternate to the way buildings currently consume power.
For the most part, climbing of hydrogen in the national energy market still needs involvement of the gas system companies for distribution along with a sufficient supply of blue or green hydrogen (i.e., hydrogen generated without emitting carbon dioxide to the atmosphere). Sponsorship of authorities, such as by way of large stimulus packages to industry and infrastructure, alongside private business investment seems to remain the best technique for ensuring the upstream distribution and supply systems are prepared to distribute hydrogen for large scale usage from the national power industry. However, the multiplication of test cases, pilot projects and new technologies paint a positive picture of advancement within this business.
RELATED ARTICLES…

Categories
Legal news

Hydrogen Powers Its Far from Proof of Concept to Reality in Real Estate

By Victoria Judd, Sidney L. Fowler and Robert Howard

Hydrogen is the new buzzword in every business, and property is no exception. Hydrogen does not emit carbon dioxide when burnt and may therefore decrease the climate change of structures, which in turn represent among the biggest emitters of greenhouse gases after industry and surface transport. To the extent that hydrogen would be to become an important power source worldwide, it is going to need to go into the national power market. The very first step appears to be the evolution of pilot villages.
Read on →…

Categories
Legal news

Hydrogen Powers Its Way from Proof of Concept to Reality in Real Estate

Hydrogen is the newest buzzword in every business, and real estate is no exception. Hydrogen doesn’t emit carbon dioxide when burned off and could therefore lower the climate change of structures, which in turn represent one of the biggest emitters of greenhouse gases after sector and surface transport. To the degree that hydrogen would be to become an important power supply worldwide, it is going to need to go into the national power industry. The very first step appears to be the evolution of pilot villages.
In the UK, there are several hydrogen samples in uninhabited properties or at closed private websites. There are a few uninhabited homes on a Royal Air Force base in Cumbria that are exclusively heated with hydrogen in addition to a private gas network at Keele University that utilizes 20 percent hydrogen blended with natural gas. Additionally, there’s a small village near Newcastle that’s used as a test instance: for a span of 10 months beginning in spring 2021, up to 20 percent hydrogen will be mixed into the natural gas network to ensure more than 650 homes can be partly heated by hydrogen. It is expected that a few further villages are going to be able to heat their homes by 100 percent hydrogen when 2022, with a scale up to really have a hydrogen town by 2030.
In the USA, communities are investigating ways to integrate hydrogen into their infrastructure. One project being funded by the Department of Energy’s [email protected] initiative, [email protected] in Texas and Beyond, is a collaborative effort between Frontier Energy and the University of Texas. [email protected] in Texas and Beyond is focused on designing, constructing and managing the first dedicated renewable hydrogen network, which will integrate all elements of the hydrogen economy in to the local community. In doing so, the job will produce zero-carbon hydrogen, which is then going to be distributed, stored and ultimately employed by numerous end-users employing the [email protected] system. As an instance, the job will produce hydrogen onsite via electrolysis, which is then going to be distributed over the machine’s infrastructure to power fuel cells for your Texas Advanced Computing Center in UT-Austin and also to supply hydrogen for a fuel station for a fleet of vehicles.
Back in Japan, Toyota has broken ground on a 175-acre”prototype city of the near future,” that Toyota says will be a”fully connected ecosystem driven by hydrogen fuel cells.” The project, that Toyota is calling the”Woven City,” will be built at the website of a former automobile manufacturing center. The city will house roughly 2,000 individuals, consisting mostly of Toyota employees and their families. Toyota will provide transportation for the town’s residents via the Toyota e-Palette, that will be cordless and autonomous. Toyota, a longtime advocate for hydrogen-powered vehicles, will utilize the city as a testing ground for the hydrogen-powered infrastructure and vehicles. Constructing homes isn’t new for Toyota–the firm has assembled houses since 1975 and also a Toyota subsidiary now reportedly constructs roughly 15,000 per year. If Toyota is successful in developing its hydrogen energy infrastructure in the Woven City, we might see it apply similar technology in its own real estate improvements around Asia.
Japan has been in the forefront of the hydrogen revolution and plans to make hydrogen a major energy supply in the country in the near future. Homeowners in Japan are in a position to purchase hydrogen fuel cells to be used in their residences for over a decade. Over 265,000 Ene-Farms are set up, and Japan has the ambitious goal of installing over five thousand units by 2030. Larger-scale units are set up in multifamily properties, as well. Many Japanese manufacturers also have begun focusing on hydrogen fuel cells for commercial and residential real estate. Panasonic, for instance, expects to begin the earnings of its own pure hydrogen gas cells for residences in 2021. In the same way, Toshiba ESS set up a hydrogen fuel cell system in a new Tokyo resort, which will be predicted to fit with the hotel’s energy requirements and produce hot water to be used in its own rooms.
With further scaling, within an worldwide basis, such hydrogen fuel cell technology could be set up in homes and offices around the world and supply an alternative to how buildings consume electricity.
For the most part, scaling of hydrogen in the national energy market still needs engagement of the gas network companies for distribution and a sufficient source of blue or green hydrogen (i.e., hydrogen generated without emitting carbon dioxide to the atmosphere). Sponsorship of authorities, such as by way of large stimulus packages to industry and infrastructure, along with private business investment appears to stay the best technique for ensuring that the upstream supply and distribution components are ready to distribute hydrogen for large-scale usage in the domestic electricity industry. On the other hand, the multiplication of test cases, pilot projects and new technologies paint a favorable image of advancement in this industry.
RELATED ARTICLES…

Categories
Legal news

Evaluating Smart Home Technology: It’s About More Than the Most Important Thing

Outfitting a commercial real estate space with intelligent technology can be a substantial cost. While the long-term advantages and tactical improvements we’ve discussed above might make that investment worthwhile, the appraisal period is crucial to guarantee an impactful ROI. Property developers, owners, and managers must undertake a rigorous examination process to make sure the technology procurement complies with the project total financial plan. And this is not only about obtaining the cost right. If the technology does not satisfy the requirements of this space, then all the smart technology on the planet will not stop the job from being a sunk cost.
Do the Research Which You Know…
The Tech. Though the RFP is a key step of the procurement process, a more informal research phase should be undertaken . Smart engineering is a rapidly evolving field, and before reaching out to sellers, the company must ensure that it knows what is available–both in regard to the sorts of technology that may be executed, and the various businesses that provide solutions. Gathering this information early can yield results that align more closely with a particular building’s demands.
The Metrics. Cost is an important factor in any transaction, but a corporation shouldn’t drop sight of other crucial factors that can determine if it’s the smart technology strategy is powerful. Given the array of intelligent technologies, these extra considerations might vary from project to project. Think about what aspects of a specific technology are most important for a successful implementation (e.g., security, interoperability, etc.), and ensure that the inner stakeholders are now taking these variables into account when preparing for the RFP process.
RFP and Vendor Selection
Competition. It’s intuitive that seller competition is a key tool for negotiating favorable terms within a transaction. What might not be intuitive is that beginning contract negotiations with a couple sellers may ultimately lead to faster resolution with the eventual down-selected seller. A competing seller is more inclined to make concessions, and do so fast, because it’s still attempting to”make the purchase .” A seller that understands it has won the company is significantly more likely to become entrenched because of its own positions and less inclined to offer accommodations favorable to the client. We always advise customers to not end a competitive environment too early!
Strategic communication in this phase is also key. It’s completely okay to”guide” the competing sellers as to if their positions, prices and solutions are aggressive in the RFP. Nevertheless, the client has to be cautious to not show a competing seller’s confidential details. Customers have to be aware of confidentiality and non-disclosure requirements when deciding how to use this information that’s gathered.
Timeline. Installation and setup of smart technologies takes time. Work backwards from a quote of when the technology has to be in production and fully operational (is there an approaching marketing push or spacious house, where the technology should already be on display?) , to provide the inner stakeholders enough time to develop an RFP, elicit responses and assess the options. A compressed timeline generates pressure to select a seller, undercutting a number of the advantages that have competition.
Keep in mind that negotiating the deal requires time, especially after seller down option. Factor contract discussions into the timeline. While there is an understandable urge to”get smart” when you can, hurrying the process is only going to increase the leverage sellers have. Once sellers know the clock is moving, they can utilize the clock from the client, and their best offers might not materialize when they think an eagerness to concur is trumping the dedication for locating the maximum quality offering.
The RFP method is that the opportunity to ask questions, seek clarifications, and find out what kind of spouse the seller will be. Deploying sound discussion strategies at this point is going to end in a more successful procurement process.
When Metrics Meet Commitments–Be Wary of Buzzwords
In analyzing RFP answers, it can be easy to drop sight of this”why.” The metrics that were researched during the test period and highlighted throughout the RFP process shouldn’t be lost. The glossy, glistening RFP answers could be full of buzzwords and irrelevant optional solutions, conjuring exciting dreams of a digitization overhaul. But remember that the seller is hoping to generate a sale, and buzzwords don’t always align with reality.
The buzzword trap aside, there could possibly be vendors that offer an impressive service, but the fit might not be right. The technology might have compatibility or aesthetic issues, regardless of the guarantee of exceptional performance.
Mapping the metrics driving the job to the offerings explained by the sellers is the most essential thing to consider. Cost is one metric, but remember about other variables (like security, interoperability, range of use, etc.) that will determine whether the smart technology approach is a triumph.
Looking Ahead
Once the RFP process is full along with a vendor is selected, the contracting process starts. Consider stakeholder continuity, where a few members of the group involved in the RFP carry over and are consulted throughout the contracting process. Insight into sooner business talks will result in a more successful negotiation. Stay tuned for in depth advice on the contracting process.
RELATED ARTICLES
Smart Technology in Commercial Real Estate…

Categories
Legal news

Evaluating Smart Home Technology: It’s About More Than the Bottom Line

Outfitting a commercial property area with smart technology can be a substantial cost. While the long-term advantages and strategic improvements we’ve discussed before can make that investment worthwhile, the appraisal period is critical to ensure an impactful ROI. Home developers, owners, and managers must undertake a rigorous evaluation process to be sure the technology procurement complies with the project total financial plan. And this is not only about obtaining the cost right. If the technology does not meet the requirements of this space, then all the smart technology on the planet will not stop the project from being a reduced cost.
Continue reading →…

Categories
Legal news

Assessing Smart Home Technology: It’s About More Than the Bottom Line

Outfitting a commercial real estate space with smart technology can be a substantial cost. While the long-term benefits and strategic improvements we’ve discussed above can make that investment worthwhile, the test period is important to ensure an impactful ROI. Property developers, owners, and managers should undertake a rigorous appraisal procedure to be sure the tech procurement complies with the project’s overall financial plan. And this isn’t just about obtaining the cost right. If the tech does not meet the requirements of this space, then all the wise technology on the planet won’t prevent the job from becoming a reduced cost.
Do the Research Which You Know…
The Tech. While the RFP is a key measure of the procurement procedure, a more casual research period should be undertaken . Smart technology is a rapidly evolving field, also earlier reaching out to vendors, the business should make sure that it knows what is available–both in regard to the kinds of technology that may be implemented, and the various companies that offer solutions. Gathering this information early will yield outcomes that align more closely with a specific building’s requirements.
The Metrics. Cost is a significant element in any trade, but a firm shouldn’t drop sight of other vital considerations that will determine if it’s the smart tech strategy is powerful. Given the array of smart technologies, these additional considerations might differ from project to project. Consider what aspects of a certain technology are important for a successful implementation (e.g., safety, interoperability, etc.), and also make sure that the inner stakeholders are still taking these factors into consideration when preparing for the RFP procedure.

Competition. It is intuitive that seller competition is a key instrument for negotiating favorable terms within a trade. What might not be intuitive is that starting contract negotiations with a few vendors may finally lead to faster resolution with the eventual down-selected seller. A competing seller is more inclined to make concessions, and do so quickly, because it’s still attempting to”make the purchase .” A seller that understands that it has won the business is a lot more likely to become entrenched in its positions and not as inclined to provide accommodations favorable to the customer. We always advise clients not to end a competitive environment too early!
Strategic communication at this phase is also key. It is perfectly okay to”guide” the competing vendors as to if their rankings, prices and solutions are competitive at the RFP. That said, the customer must be cautious to not reveal a competing seller’s confidential info. Clients must be aware of confidentiality and non-disclosure requirements when determining how to use this information that is gathered.
Timeline. Installation and installation of smart technology requires time. Work backward in a quote of when the tech needs to be in production and fully operational (will there be an approaching marketing push or open home, in which the tech should be on screen?) , to provide the inner stakeholders enough time to develop an RFP, evoke responses and assess the choices. A compressed deadline generates pressure to choose a seller, undercutting many of the benefits that have competition.
Bear in mind that negotiating the contract necessitates time, especially after seller down option. Factor contract negotiations into the deadline. Though there is an understandable impulse to”get smart” when possible, hurrying the procedure is only going to increase the leverage vendors have. Once vendors understand that the clock is ticking, they may use the clock against the consumer, and their very best offers might not materialize if they think an eagerness to agree is trumping the dedication to locating the highest quality offering.
The RFP method is that the opportunity to ask questions, seek clarifications, and also find out what kind of partner the seller will be. Deploying sound discussion approaches at this point is going to end in a more successful procurement procedure.
When Metrics Meet Commitments–Be Wary of Buzzwords
In assessing RFP answers, it can be simple to drop sight of this”why.” The metrics that were researched throughout the test period and highlighted throughout the RFP process shouldn’t be lost. The glossy, glistening RFP answers could possibly be filled with buzzwords and insignificant optional solutions, conjuring exciting dreams of a digitization overhaul. But bear in mind that the seller is trying to generate a sale, also buzzwords don’t always align with truth.
The buzzword trap apart, there might be vendors that offer an impressive company, but the fit might not be appropriate. The tech might have compatibility or aesthetic issues, regardless of the guarantee of exceptional performance.
Mapping the metrics driving the job to the offerings described by the vendors have become the most essential step to take. Cost is certainly one metric, but do not forget about other factors (like safety, interoperability, range of use, etc.) that will decide whether the smart tech approach is a triumph.
Looking Ahead
when the RFP process is complete along with a vendor is selected, the contracting procedure begins. Consider stakeholder continuity, where a few members of the team involved in the RFP take over and so are consulted throughout the contracting procedure. Insight into sooner business discussions will make for a more successful negotiation. Stay tuned for in depth information on the contracting procedure.
RELATED ARTICLES
Smart Technology at Commercial Real Estate…

Categories
Legal news

How Can the Office Market Recover?

Colleague Noa Clark recently joined other Business experts for a discussion of San Francisco office Property in the panel, The Future of Office at San Francisco: The Way Will the Office Market Recover?

Topics included how workplace spaces have been evolving to adapt for changing workforce requirements, tenant perspective on short-term and longterm leasing, powerful changes to leasing strategy and major modifications to design, development and construction to keep offices secure. Click here to view the recording.…

Categories
Legal news

How Will the Office Market Recover?

From Pillsbury’s Construction & Real Estate Law Team

Colleague Noa Clark recently joined other business experts for a discussion of San Francisco office real estate in the panel, The Future of Office in San Francisco: How Will the Office Market Recover? Topics included how workplace spaces are evolving to adapt for changing workforce needs, tenant perspective on short-term and longterm leasing, efficient modifications to leasing strategy and major changes to design, structure and development to continue to keep offices secure. Click here to view the recording.…

Categories
Legal news

How Can the Office Market Recover?

Colleague Noa Clark Newly joined other Business experts for a discussion of San Francisco office real estate at the Board, ” The Future of Office at San Francisco: How Can the Office Market Recover?

Topics included the way office spaces are evolving to adapt for changing workforce needs, tenant perspective on short-term and longterm leasing, effective changes to leasing strategy and major changes to design, construction and development to continue to keep offices secure. Click here to see the recording.…

Categories
Legal news

Pandemic Does Not Satisfy Lease’s Casualty Clause Court Finds

One year into the pandemic, courts have almost uniformly discovered that COVID-19 doesn’t permit commercial tenants to avoid their lease payment obligations. In cases like this, the court continued this trend, judgment that the pandemic was not a”casualty” that permits a tenant to abate its lease payments or cancel its rent. Authors Patrick J. Potter, Christian A. Buerger, Hugh M. McDonald, Patrick E. Fitzmaurice, and Jonathan Doolittle talk about a new case from the Southern District of New York that expands the trend of courts enforcing rentals against tenants forced to close because of the impact of the COVID-19 outbreak in”Court Finds Pandemic Does Not violate Lease’s Casualty Clause.”…

Categories
Legal news

Pandemic Does Not Satisfy Lease’s Casualty Clause Court Finds

From Pillsbury’s Construction & Real Estate Law Team

One year into the pandemic, courts have almost uniformly discovered that COVID-19 doesn’t allow commercial tenants to prevent their lease payment duties. In this case, the court continued that fashion, judgment that the pandemic wasn’t a”casualty” that permits a landlord to abate its lease payments or cancel its rental. Authors Patrick J. Potter, Christian A. Buerger, Hugh M. McDonald, Patrick E. Fitzmaurice, along with Jonathan Doolittle talk a new case from the Southern District of New York that expands the tendency of judges enforcing rentals against tenants forced to close due to the impact of the COVID-19 pandemic in”Court Finds Pandemic Does Not violate Lease’s Casualty Clause.”…

Categories
Legal news

Pandemic Does Not Waste Lease’s Casualty Clause Court Finds

One year to the pandemic, courts have almost uniformly found that COVID-19 does not allow commercial tenants to prevent their lease payment duties. In this case, the court continued that trend, judgment that the pandemic was not a”casualty” that allows a tenant to abate its lease payments or cancel its lease. Authors Patrick J. Potter, Christian A. Buerger, Hugh M. McDonald, Patrick E. Fitzmaurice, and Jonathan Doolittle talk a new instance from the Southern District of New York that expands the trend of judges enforcing rentals against renters forced to close because of the impact of the COVID-19 outbreak in”Court Finds Pandemic Does Not Satisfy Lease’s Casualty Clause.”…

Categories
Legal news

Oregon Tax Court Rejects Department’s Attempt to Ignore Measure 50 Limitation

Zachary T. Atkins and Caroline Koo on Tesoro Logistics Northwest Pipeline LLC v. Department of Revenue, the Oregon Tax Court, Regular Section, held that although a unit of property acquired by a single centrally assessed firm from the other qualified as”new property” for purposes of . Const. Art. XI, § 11 (“Measure 50”), the unit of house’s present maximum assessed value (“MAV”) was kept in the hands of the owner.   Tesoro Logistics Nw. Pipeline LLC v. Dep’t of Revenue, No. TC 5252, 2021 WL 6700471 (Or. Tax Ct., Reg. Div., Feb. 19, 2021).  Consequently, the Oregon Department of Revenue was not entitled to redetermine that the MAV due to their acquisition. Keep on reading about the SeeSALT website.…

Categories
Legal news

Oregon Tax Court Rejects Department’s Attempt to Ignore Measure 50 Limitation

By Pillsbury’s Construction & Real Estate Law Team

Zachary T. Atkins along with Caroline Koo on Tesoro Logistics Northwest Pipeline LLC v. Department of Revenue, the Oregon Tax Court, Frequent Division, held that even though a unit of land acquired by a single centrally assessed company from the other characterized as”new land” for purposes of . Const. Art. XI, § 11 (“Measure 50”), the device of house’s present maximum assessed value (“MAV”) was kept at the hands of the new owner.   Pipeline LLC v. Dep’t of Revenue, No. TC 5252, 2021 WL 6700471 (Or. Tax Ct., Reg. Div., Feb. 19, 2021).  Consequently, the Oregon Department of Revenue was not entitled to redetermine the MAV due to this acquisition. Keep on reading on the SeeSALT website.…

Categories
Legal news

Oregon Tax Court Rejects Department’s Attempt to Discount Measure 50 Limitation

Zachary T. Atkins and Caroline Koo on Tesoro Logistics Northwest Pipeline LLC v. Department of Revenue, the Oregon Tax Court, Regular Section, held that even though a component of property acquired by one centrally assessed company from another characterized as”new home” for purposes of . Const. Art. XI, § 11 (“Step 50”), the unit of property’s present maximum assessed value (“MAV”) has been preserved in the hands of their owner.   Pipeline LLC v. Dep’t of Revenue, No. Tax Ct., Reg. Div., Feb. 19, 2021).  Because of this, the Oregon Department of Revenue was not eligible to redetermine the MAV due to their acquisition. Keep on reading on the SeeSALT blog.…