Development of Industrial Real Estate and Distribution Centers

Permitting and Zoning, Supply Chain and Force Majeure, Rights of First Refusal

Recording of a 90-minute premium CLE video webinar with Q&A

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Conducted on Thursday, September 22, 2022

Recorded event now available

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Course Materials

This CLE course will advise real estate counsel on the current legal issues in industrial properties. The panel will discuss trends in this surging area of real estate related to the expansion of e-commerce, warehousing, and logistics facilities. The panel will address the concerns with zoning and permitting, material shortages, supply chain issues related to force majeure in contracts, negotiating rights of first refusal, economic development incentives and community push back.

Description

Industrial real estate is a portion of the market that continues to expand with the growth of e-commerce, warehousing, and logistics facilities--the recent economic crisis further impacted COVID-19 pandemic issues. The current buildout of industrial facilities should create more inventory over the next year, but the market remains tight due to supply chain disruptions.

Real estate developers looking to enter the industrial market must consider the issues with zoning and permitting, particularly as prime locations are acquired for other development.

Industrial development is also subject to the current economic woes related to material and labor shortages. Due to the supply chain problems, real estate attorneys working on industrial development should review force majeure provisions to ensure clients have the most robust protection possible. Clients interested in accessing economic incentives must comply with municipal regulations and be prepared for community push back.

When negotiating for industrial development properties, clients should negotiate the right of first refusal, as developers have increasingly wanted to realize near-term gains on developments.

Listen as our expert panel discusses current industrial real estate development trends and what attorneys negotiating deals to acquire and develop such properties must consider.

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Outline

  1. Industrial real estate development
    1. Warehouses, e-commerce, and logistics facility needs
      1. COVID-19
      2. Supply chain issues
    2. Zoning and permitting
    3. Force majeure provisions
    4. Right of first refusal
    5. Other best practices

Benefits

The panel will discuss these and other relevant topics:

  • How has COVID-19 and the economic crisis affected industrial real estate development?
  • What do industrial real estate developers need to consider regarding permitting and zoning?
  • What should a force majeure provision in an industrial real estate deal include?

Faculty

Curry, Peter
Peter L. Curry

Partner
Farrell Fritz

Mr. Curry’s broadly based transactional practice concentrates on commercial real estate sales, acquisitions,...  |  Read More

Dishell, Bobby
Bobby W. Dishell

Attorney
Moye White

As a member of the firm's real estate team, Mr. Dishell focuses on transactional matters including industrial...  |  Read More

John-Basta, Lisa
Lisa A. John-Basta

Member
Chiesa Shahinian & Giantomasi

Ms. John-Basta is a member in the firm’s Real Estate, Development & Land Use Group. She has over 15 years of...  |  Read More

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