Members of Congress are already seizing on the moment of rebuilding to re-enter a bipartisan bill to stimulate infrastructure development through public-private partnerships....By: Bilzin Sumberg
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Ask ten people in the industry to define a public-private partnership (P3), and you’ll probably get twice as many definitions. The World Bank’s PPP Knowledge Lab defines a P3 as "a long-term contract between a private party and a government entity, for providing a public asset or service, in which the private party bears significant risk and management responsibility, and remuneration is linked to performance."...By: Bilzin Sumberg
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A recent decision by the Third District Court of Appeals has engendered uncertainty about the manner of creating mixed used developments containing a residential condominium component in Florida....By: Bilzin Sumberg
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We have previously written about how public-private partnerships ("P3s") are on the rise in the United States. While we have noted that the P3 delivery model is utilized for a variety of government assets and services, historically, the transportation sector wears the crown when it comes to P3-delivery success....By: Bilzin Sumberg
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Long before the COVID-19 pandemic, the construction industry was "going global" using available technology and cloud-based data storage and file sharing on all phases of projects. For example, a project owner might hire a London-based architect to design a transportation hub in the United States. The London-based architect might delegate its building information modeling work to a company in New Zealand....By: Bilzin Sumberg
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On the heels of record deal volume in 2018 and 2019, 2020 was supposed to be another banner year for M&A activity in the U.S. and worldwide. Then COVID-19 crashed the party, and the M&A loco- motive came to a screeching halt. Deal volume in 2020 has dropped to a seven- year low, with deal value in the U.S. down 83% in the second quarter of 2020 from 2019. Originally Published in the Association of Corporate Counsel - September 2020....By: Bilzin Sumberg
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Earlier this summer, Plenary Properties Merced completed construction on the well-known UC Merced 2020 campus-expansion project—a $1.2-billion, 1.2-million-square-foot social-infrastructure P3 that has been called the largest social infrastructure completed in the United States to date....By: Bilzin Sumberg
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As discussed in our previous client alert, on July 31, 2020, through Executive Order 20-181, Governor DeSantis declared a state of emergency in the following counties due to the threat of Hurricane Isaias: Brevard, Broward, Clay, Duval, Flagler, Indian River, Martin, Miami-Dade, Monroe, Nassau, Okeechobee, Orange, Osceola, Palm Beach, Putnam, Seminole, St. Johns, St. Lucie, and Volusia....By: Bilzin Sumberg
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The pressing need for affordable housing in our region is not new, but it has undoubtedly become more palpable. Those of us involved in developing these housing options expect the demand to continue growing, regardless of the current economic conditions or the unfolding of the COVID-19 pandemic....By: Bilzin Sumberg
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On July 31, 2020, through Executive Order 20-181, Governor DeSantis declared a state of emergency in the following counties due to the threat of Hurricane Isaias: Brevard, Broward, Clay, Duval, Flagler, Indian River, Martin, Miami-Dade, Monroe, Nassau, Okeechobee, Orange, Osceola, Palm Beach, Putnam, Seminole, St. Johns, St. Lucie, and Volusia. Although Florida was fortunate to avoid most of the effects of Hurricane Isaias, there is an opportunity to extend certain development orders and...By: B...
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