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Defining “Distressed” or “Suspended” Real Estate Projects – And How Owners Can Save Them

Three Critical Steps to Reviving Stalled Projects Innumerable real estate projects become “distressed” or “suspended” for a multitude of reasons. A “distressed” situation can be defined as a construction project that has exceeded (or is projected to exceed) its project budget and\or its project schedule by more than 25 percent. A “suspended” project is one …

Major Arena Megaprojects on Their Way up in the United States

Super Bowl LIV, the 54th Super Bowl, is now in the books – did your favorite take home the Vince Lombardi Trophy or hang their heads in defeat? This year’s Super Bowl was played at Hard Rock Stadium in Miami, Florida (home of the Dolphins). The facility opened in 1987 as “Joe Robbie Stadium” and …

Large-Scale Construction Projects: To Arbitrate or Not to Arbitrate – That is the Question

Owners and contractors involved in large-scale construction projects face unique challenges, including drafting a contract that places the parties in a fair position if problems arise. In contracts for construction projects, multiple areas can be vitally important, such as intellectual property, change order rights, limitations of liability, liquidated damages, and insurance. Somewhat overlooked, however, …

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