New Orleans Short Term Rental Regulations Upheld: What You Need to Know

The ever-changing landscape of short-term rentals (STRs) in New Orleans continues to evolve, however, a landmark decision by U.S. Federal District Judge Ivan Lemelle to uphold the City’s contentious new … More»

Recent Transactions and Cases

Steeg Law attorneys are known for being able to handle unique and difficult real estate issues for virtually any type of property and have been involved in precedent-setting business litigation … More»

Are Your Real Estate Documents Prepared for Hurricane Season?

Hurricane season begins on June 1. With Hurricanes Michael and Katrina etched in our memories, many of us will begin to review steps for hurricane preparedness in our homes and … More»

News Alert: FTC Bans Noncompete Clauses

On April 23 the U.S. Federal Trade Commission (the “FTC”) voted to ban noncompete clauses, which are typically used to block employees from leaving to work for competitors in the … More»

Emerging Trends in Real Estate 2024

The Louisiana Chapter of the Urban Land Institute (ULI) hosted the Emerging Trends in Real Estate Summit 2024 at the Contemporary Arts Center New Orleans on February 23, 2024. Key … More»

Recent Transactions and Cases

Steeg Law attorneys are known for being able to handle unique and difficult real estate issues for virtually any type of property and have been involved in precedent-setting business litigation … More»

Provisions to Protect the Buyer in a Purchase Agreement

Managing Partner Robert M. Steeg is a regular contributing columnist on real estate for Reuters Legal News and Westlaw Today. His article, “Provisions to protect the buyer in a purchase … More»

Title Opinions v. Title Insurance

An article in The Wall Street Journal on January 16, 2024, discussed a plan by Fannie Mae that would allow this major governmental agency to accept attorney title opinions rather … More»

The Miscellaneous Section of a Contract – Ignore at Your Own Risk

Most contracts end with several provisions, sometimes under the generic heading “Miscellaneous,” that many parties consider boilerplate language not worth spending the time to read prior to signing a contract. … More»

New City of New Orleans Registration Program for Rental Properties

The City of New Orleans has implemented the Healthy Homes Program, a new registration program that requires the owner of any parcel of real estate containing residential rental units to … More»

Robert Steeg and Randy Opotowsky Provide Tips on Buying Real Estate in Biz New Orleans Article

Managing Partner Robert M. Steeg and Partner Randy Opotowsky were two of the legal experts that reporter Drew Hawkins interviewed to get some of their best tips for buying property … More»

Establishing Servitudes: The Hard Way and The Easy Way

Servitudes are tricky things. They are even more tricky when they exist between family members. They are even more tricky when they exist between brothers, where the brothers have divided … More»

Some (Quite Strong) Provisions to Protect the Seller in a Purchase Agreement

As the actor Courtney B. Vance, playing the part of Johnnie Cochran, said to the assistant prosecutor in a film drama about the O.J. Simpson trial, “sometimes you just gotta … More»

Steeg Law: Recent Transactions and Cases

Steeg Law attorneys are known for being able to handle unique and difficult real estate issues for virtually any type of property and have been involved in precedent-setting business litigation … More»

Economic & Real Estate Forecast: Adapting to Unpredictability

Henry Opotowsky recently attended the 13th Annual Economic & Real Estate Forecast Symposium presented by Gulf Coast Bank & Trust Company, in partnership with the New Orleans Metropolitan Association of … More»

Louisiana Historic Tax Credits: 2023 Legislative Update

During the 2023 regular session, the Louisiana legislature passed Act 426 making significant changes to Louisiana’s state historic tax credit law, La. R.S. 47:6019, that real estate developers will view … More»

Understand the Title Insurance Commitment Before You Put It In the File

Managing Partner Robert M. Steeg is a regular contributing columnist on real estate for Reuters Legal News and Westlaw Today. His article, “Understand the Title Insurance Commitment Before You Put … More»

Steeg Law a Winner in New Orleans CityBusiness 2023 Reader Rankings for Legal Services: Real Estate

We are pleased to announce that Steeg Law Firm is a winner in New Orleans CityBusiness’ 2023 Reader Rankings for Legal Services: Real Estate. As noted by CityBusiness, “the seventh … More»

Steeg Law Firm, Robert M. Steeg and Lillian E. Eyrich Ranked in Chambers USA 2023 for Real Estate

Steeg Law Firm is proud to announce that Steeg Law Firm achieved the Band 3 ranking under Real Estate Firms in Louisiana in the prestigious peer directory Chambers USA 2023. … More»

Louisiana Historic Tax Credits: What Developers Need to Know

To a real estate developer in Louisiana, state Historic Tax Credits (HTC) often times make the difference between a historic rehabilitation project being economically feasible as opposed to an undevelopable … More»

6 Small Issues With Real Estate Documents That Can Turn Into Big Problems

Managing Partner Robert M. Steeg is a regular contributing columnist on real estate for Reuters Legal News and Westlaw Today. His article, “6 Small Issues With Real Estate Documents That … More»

UNO 2023 Economic Outlook & Real Estate Forecast New Orleans

The University of New Orleans Institute for Economic Development & Real Estate Research hosted the 32nd annual Dr. Ivan Miestchovich Economic Outlook & Real Estate Forecast for New Orleans on … More»

Title Insurance 101

The Preservation Resource Center’s “Buy Right Class,” a two-night course focused on how to purchase a historic home in need of renovation in New Orleans, included a presentation, “Title Insurance … More»

2023 Emerging Trends in Real Estate

At the Urban Land Institute’s 2023 Emerging Trends in Real Estate conference presenters from New Orleans and other areas in Louisiana discussed public development projects, environmental resilience and housing affordability. … More»

Steeg Law: Recent Transactions and Cases

Steeg Law attorneys are known for being able to handle unique and difficult real estate issues for virtually any type of property and have been involved in precedent-setting business litigation … More»

Modernizing Real Estate Purchase Agreements for 2023 and Beyond

Managing Partner Robert M. Steeg is the author of an “Attorney Analysis” real estate column for Reuters Legal News. His article, “Modernizing real estate purchase agreements for 2023 and beyond,” was published … More»

Avulsions Can Greatly Impact Property Ownership Claims

Those of us in the New Orleans metropolitan area think of the Mississippi River’s course as static, hemmed in by the federal levee system. The River meandering—or somehow changing course—is … More»

PILOT: What Is It and How Will It Benefit My Real Estate Development Project?

While most real estate developers have heard the acronym PILOT and know that it is an abbreviation for “payment in lieu of taxes,” many are unfamiliar with the mechanics of a … More»

Steeg Law Client Opening New Restaurant in Uptown New Orleans

In March, Francolini’s Italian Deli will open in Uptown. Tara Francolini, who has worked in New Orleans’s restaurant industry for years, is partnering with a local bakery to bring the … More»

Grant Opportunities for Small Businesses in New Orleans

The City of New Orleans Office of Economic Development has compiled a list of grant opportunities for small businesses that are being offered by both nonprofits and corporations. We have … More»

Practical provisions for commercial leases in light of changing times

Managing Partner Robert M. Steeg is the author of an “Attorney Analysis” real estate column for Reuters Legal News. His article, “Practical provisions for commercial leases in light of changing … More»

ICSC Panel on Retail Leasing, Finance and Small Business: Highlights

Following are the highlights from an expert panel on leasing, finance and small business presented by ICSC (formerly the International Council of Shopping Centers). Highlights from the Small Business Panelists Geoffrey … More»

U.S. News-Best Lawyers Ranks Steeg Law a Metropolitan Tier 1 Law Firm in Real Estate, Litigation-Real Estate and Commercial Transactions/UCC Law

Steeg Law Firm has been ranked in the 2023 U.S. News-Best Lawyers “Best Law Firms” list regionally in 9 practice areas. Regional Tier 1 – New Orleans Commercial Transactions / … More»

Real Estate Forecast Symposium: Rising Concern About Rising Rates

The 12th Annual Economic & Real Estate Forecast Symposium was recently held at the Jefferson Parish Performing Arts Center. The presenters focused on rising interest rates, increased insurance prices and … More»

Community Spotlight: YWCA Breaks Ground on New Building

On October 4, the YWCA New Orleans broke ground on a new, $10 million building. The YWCA has been without a home since Hurricane Katrina devastated the organization’s buildings in … More»

Lessons in Title Insurance: Copy-and-Paste Can Save Time, but Is Fraught With Peril

Anyone who remembers using typewriters knows what a time-saver word processing software is, especially if you’re working on multiple documents that have a lot of the same information in them. … More»

Anyone Can Buy a Good Home, But Good Neighbors Are Priceless

As the Chinese Proverb goes, “Anyone can buy a good home, but good neighbors are priceless.” But what if the home is in the French Quarter, famous (infamous?) for its bars, … More»

Preservation Resource Center’s Upcoming Programs for Property Owners

As Head of the Property Advisory Committee of the Preservation Resource Center (PRC), partner Randy Opotowsky keeps Steeg Law’s real estate clients apprised of the many educational programs that the … More»

2022 Louisiana Legislative Update: New Laws That Affect Your Business

The 2022 Louisiana Legislative Session convened on March 14, 2022 and closed on June 6, 2022. Important legislation from the session includes new business incentives, new rules for property owners … More»

Beware the Person Who Uses a Power of Attorney in Their Own Self Interest

A recent case, Richland State Bank v. Benny L. Depingre et al, is a cautionary tale for lenders and anyone else who relies on a power of attorney: powers of attorney … More»

U.S. Fifth Circuit Issues Important Decision Concerning Rights of a Tenant When the Landlord is in Bankruptcy

Bankruptcy court can be a confusing, even disorienting, place for the uninitiated, especially when rights to real property are involved. One situation that arises from time to time concerns the … More»

Pay Attention to the Wording of Contingency Language

Steeg Law attorney Richard Traina recently helped California buyers of New Orleans real estate avoid litigation alleging that the buyers breached the agreement to buy or sell. Transaction Contingent on … More»

UNO’s 2022 Economic Outlook & Real Estate Forecast Seminar

The 2022 Dr. Ivan Miestchovich Economic Outlook & Real Estate Forecast Seminar was recently held. Louis David of New Orleans Business Alliance, Michael Sawaya of the Ernest N. Morial Convention … More»

DDD Micro Grant Façade Program

Property owners and developers in Downtown New Orleans can get a little help with sprucing up the front of their buildings through the Downtown Development District Micro Grant Façade Program. … More»

2022 Emerging Trends in Real Estate

At the Urban Land Institute’s 2022 Emerging Trends in Real Estate Conference, presenters discussed recent trends in the real estate industry, impactful projects in Louisiana, and challenges and opportunities in … More»

I Can Bike, Run, or Walk on the Path Atop the Mississippi River Levee, Can’t I?

In the riparian land use case, West Baton Rouge Parish Council v. Tullier, the Louisiana First Circuit Court of Appeal ruled on the constitutionality of the statute providing for bicycle … More»

Increased Flood Risk in Southeastern Louisiana: Consequences and Opportunities

A new study by the engineering firm Arup and the non-profit First Street Foundation contains important predictions about flooding that are of particular importance to real estate development in Southeastern … More»

Richard Traina Participates in Significant Trial Related to Property Ownership

In August, Steeg Law attorney Richard Traina participated at the request of the Louisiana Department of Natural Resources in an important trial in Rapides Parish flowing from Crooks v. State … More»

2021 Real Estate Forecast Symposium Focuses on Pandemic Recovery and Climate

The 2021 Economic & Real Estate Symposium was recently held. The theme was “Rethinking Real Estate: Adapting to the Changing Dynamic in New Orleans and Louisiana,” and the presenters focused the … More»

How the Pandemic has Impacted Commercial Real Estate

Richard Traina recently attended the 2021 Economic & Real Estate Symposium. The theme was “Rethinking Real Estate: Adapting to the Changing Dynamic in New Orleans and Louisiana.” One of the … More»

Expanding a Servitude to Create an Expeditious Way to Access Property for Hurricane Protection

Associate Richard Traina clarifies a recent court ruling on a case about expanding a time-honored servitude to create a more expeditious and economical way to access property needed for hurricane protection. … More»

PRC Hurricane Ida Recovery Efforts

For many New Orleans residents, especially those who are already on a fixed income or whose homes were already in need of repair, Hurricane Ida’s damage has wrought tremendous havoc, … More»

SBA Offering Disaster Loans for Individuals and Businesses Affected by Hurricane Ida

The U.S. Small Business Administration (SBA) is offering low-interest disaster loans to non-farm businesses of all sizes, private nonprofits, homeowners and renters in the parishes of Ascension, Assumption, East Baton … More»

2021 Louisiana Legislative Update: New Laws That Affect Your Business

The 2021 Louisiana Legislative Session convened on April 12, 2021 and closed on June 10, 2021. Important legislation from the fiscal session includes a number of bills directed to simplifying … More»

Inclusionary Zoning Requirements Now in Effect in New Orleans

On July 1, 2021, Mayor LaToya Cantrell announced the start of the New Orleans’ Mandatory Inclusionary Zoning Housing Policy, a landmark change to the City’s zoning code that requires developers … More»

Insurance for Condominium Associations

In light of the recent condominium collapse in Surfside, Florida, condominium associations may find themselves questioning whether they are adequately insured for catastrophic casualty events and/or allegations of mismanagement of … More»

Be Careful What You Do in Addition to What You Sign: How Conduct Can Confirm an Agreement in the Absence of a Signature

In the recent case of Harp v. Bryan (consolidated with Wade v. Bryan and Lewis v. Bryan), decided by the Louisiana Court of Appeals for the First Circuit, it seems … More»

Recent Transactions and Cases

Steeg Law attorneys are known for being able to handle unique and difficult real estate issues for virtually any type of property and have been involved in precedent-setting business litigation … More»

Servitudes Need Extra Care, but the Survey is Key

A recent case cited by the Louisiana Court of Appeals for the Fourth Circuit reveals several important things about servitudes. Why are servitudes important at all? They are a very … More»

Title Insurance Endorsements for Projects Under Development

Title insurance is a standard requirement in most real estate transactions and properly underwritten title insurance is needed for both lenders and property owners. When a project is for land … More»

2021 Global Real Estate Trends: Emerging From Pandemic, Responding to Climate Change

The Urban Land Institute and PwC recently released their 2021 Emerging Trends in Real Estate®: Global Outlook report, which explores predictions for the global real estate industry for the coming … More»

Changes and Trends in Real Estate Due to COVID-19

As it has in virtually every aspect of our lives, Covid-19 has drastically accelerated trends in the field of real estate that were emerging slowly before the pandemic, and has … More»

Beat COVID Boredom with PRC’s Free Virtual Program Archive

Over the last year, the Preservation Resource Center (PRC) has produced a large number of  high-quality virtual classes and programs, all provided to the community online at no cost. The … More»

Recent Transactions and Cases

Steeg Law attorneys are known for being able to handle unique and difficult real estate issues for virtually any type of property and have been involved in precedent-setting business litigation … More»

Why You Should Be Glad Your Lawyer Is a Stickler for Details

Lawyers, transactional lawyers in particular, are sometimes criticized for being too picky and for paying too much attention to the little things. In his song, “The End of the Innocence,” … More»

Virtual Closings in Louisiana: Close, but not Quite There

By Randy Opotowsky and David Martinez COVID-19 has likely accelerated the inevitable, closings done remotely and virtually. The days of “table” closings are numbered, although there will always be situations … More»

Recent Transactions and Cases

Steeg Law attorneys are known for being able to handle unique and difficult real estate issues for virtually any type of property and have been involved in precedent-setting business litigation … More»

Real Estate Forecast Symposium Focuses on COVID-19 Impacts

The 10th Annual Economic & Real Estate Forecast Symposium, presented by Gulf Coast Bank, in partnership with New Orleans Metropolitan Association of Realtors (NOMAR) was recently held. The theme was … More»

Legal Issues In Real Estate During Covid-19: A Q&A With Robert Steeg

Covid-19 has brought business changes and legal challenges to the field of real estate. In a Q&A with the editor of the firm’s newsletter, Steeg Law Firm co-managing partner Robert … More»

Recent Transactions and Cases

Steeg Law attorneys are known for being able to handle unique and difficult real estate issues for virtually any type of property and have been involved in precedent-setting business litigation … More»

2020 Louisiana Legislative Update: New Laws That Affect Your Business

The 2020 Louisiana Regular Legislative Session convened on March 9, 2020 and closed on June 1, 2020 after a long suspension due to the Coronavirus. Immediately after that, the Legislature … More»

Louisiana Legislature Passes Three Laws As Shield Against COVID-19 Liability Arising From Business Operations

Governor John Bel Edwards has signed three measures passed during the recently ended sessions of the Louisiana Legislature that shield businesses, individuals, and government bodies from civil liability for COVID-19 … More»

COVID-19 Effects on the Louisiana Economy

The New Orleans Chamber of Commerce recently offered a webinar titled “COVID-19 Effects on the Louisiana Economy” hosted by Peter Ricchiuti, a Tulane Freeman School of Business professor and host … More»

COVID-19: The Impact On Real Estate, Commercial Litigation And Title Insurance

The coronavirus is having an impact on the different legal subject areas that Steeg Law handles. To help keep our clients and friends informed on how COVID-19 could affect you … More»

Force Majeure In Today’s World

The legal concept of “force majeure” has vaulted from near-obscurity to intense scrutiny, all due to the novel coronavirus. Here is a general outline of how it applies to leases, … More»

Emerging Trends in Real Estate 2020

At the Urban Land Institute’s 11th Annual Emerging Trends in Real Estate Conference, presenters discussed recent trends in the real estate industry, impactful local projects and careers in real estate.  Trends … More»

Affordable Housing Perks and Pitfalls

In New Orleans affordable housing is currently a hot-button political issue that impacts many different aspects of the real estate world. Savvy developers and landowners should maintain a working knowledge … More»

Check Out the Orleans Parish Sheriff’s Real Estate Foreclosure Seminars

If you are excited about the prospect of getting a great deal on a property at a sheriff’s sale but intimidated by the process, consider attending one of Sheriff Marlin … More»

Short-Term Rentals: New Regulations

We have previously provided updates on the continuously evolving regulations in New Orleans governing the operation of short-term rentals (see “From Single-Family Homes to Condos, the Regulations For Short-Term Rentals … More»

Written Servitudes Must be Clear

Servitudes are making their way lately into quite a few cases being decided by the appeals courts of Louisiana. I recently wrote an article, “Apparent Servitudes: When Purchasing Property, Take … More»

Investors and Developers: Opportunity Zones and Co-Working Spaces

An article by Tom Acitelli that appeared in The New York Times on August 20, 2019, may be of interest to investors and developers. “How Opportunity Zones and Co-Working Spaces Joined … More»

Recent Transactions and Cases

Steeg Law attorneys are known for being able to handle unique and difficult real estate issues for virtually any type of property and have been involved in precedent-setting business litigation … More»

2019 Louisiana Legislative Update: Bills That Impact Real Estate

The 2019 Louisiana Regular Legislative Session convened on April 8, 2019 and closed on June 6, 2019. Governor John Bel Edwards signed 448 bills into law for this fiscal session, … More»

Emerge Summit Highlights: Young Professionals on Leadership, Business Strategy and Branding

The Emerge Summit, a conference for young professionals on leadership, business strategy, and personal branding, was presented by Greater New Orleans, Inc., in July. Among the dynamic group of speakers … More»

EVERLAB Conference Highlights: Intersection of the Economy and Environment

EVERLAB, a conference on the intersection of the economy and the environment, was presented by Greater New Orleans, Inc., in June. Among the topics that were discussed were the economic … More»

Glimpses of the Future of Real Estate

By Robert Steeg I recently returned from a national conference of title insurance agents. The agenda included traditional, technical topics like underwriting standards and title insurance claims—very helpful, even if … More»

How to Lose a Right-Of-Way (Servitude) or Avoid Doing So

A recent case, Clement v. Menard, illustrates the pitfalls to be avoided so that a person enjoying a right-of-way (servitude) over adjoining property does not inadvertently lose those rights. It … More»

Investors: Opportunity Zones Update

Last year, we published an article outlining the 2017 Opportunity Zone legislation that provides tax incentives to investors who want to reinvest unrealized capital gains on a tax-deferred basis by … More»

An Ever-changing Retail Landscape Finds Another Use: Office Space

If you ask 10 real estate professionals about the future of retail real estate, you’ll get 10 different answers (maybe 12 if some brokers are in that group). The answer … More»

Buying or Renovating Property in a Historic District? Check Out PRC’s “Navigating the HDLC” Course

If you own or plan to purchase real estate in the New Orleans area, there is a good chance it will be located in one of the city’s 17 local … More»

Highlights of UNO’s 2019 Economic Outlook & Real Estate Forecast Seminar

The 2019 Dr. Ivan Miestchovich Economic Outlook & Real Estate Forecast Seminar, presented by the University of New Orleans and Latter & Blum, was recently held. Following are some of … More»

Preservation Resource Center: Historic Preservation in the Face of Climate Change

The Preservation Resource Center (PRC) is hosting a three-part series, “Historic Preservation in the Face of Climate Change,” to address the risks and challenges climate change presents for New Orleans … More»

CREW Forum on Pay Parity in Commercial Real Estate

The Commercial Real Estate Women’s (CREW) recently held a Cocktails & Conversation forum focused on pursuing pay equity (paying employees fairly despite gender, race or other protected categories) and pay … More»

Recent Transactions and Cases

Steeg Law attorneys are known for being able to handle unique and difficult real estate issues for virtually any type of property and have been involved in precedent-setting business litigation … More»

Tulane to Offer MBA, Master’s Degree in Sustainable Real Estate

Real estate development today is about a whole lot more than location, location, location. Perhaps Millennials started it, but everyone is now on board. Commercial and residential tenants alike want … More»

Residential Real Estate: How Property Disclosure Document Changes Affect Sellers and Buyers

For those of you who dwell in the residential real estate world, YES, NO, or NO KNOWLEDGE (abbreviated as “NK”) were familiar indicators on the Louisiana Real Estate Commission’s Property … More»

Report: ULI’s 2019 Emerging Trends in Real Estate Conference

Partner Robert Steeg attended the Urban Land Institute’s 10th Annual Emerging Trends in Real Estate conference, presented by IberiaBank, in January. Andy Warren of PricewaterhouseCoopers presented the 2019 Emerging Trends in … More»

Lease or Own Property? Ensure You Have Legal Access to Public Roads

If you are purchasing or leasing property, or you are a lender making a loan to anyone who owns, is buying, or leases property, it is very important to make … More»

Getting into the Zone: New Guidance on Opportunity Zones

When the Tax Cuts and Jobs Act was signed in late 2017, real estate developers and investors were thrilled to discover that it added new provisions to the Internal Revenue … More»

Steeg Law Recent Transactions and Cases

Steeg Law attorneys are known for being able to handle unique and difficult real estate issues for virtually any type of property and have been involved in precedent-setting business litigation … More»

Apparent Servitudes: When Purchasing Property, Take Note Of What You See

A recent case, Naramore v. Aikman, decided by the Louisiana Court of Appeal for the First Circuit demonstrates some established but little known principles of Louisiana law that every person … More»

In the News: Robert Steeg, Chair of City Planning Commission

In his capacity as Chair of the New Orleans City Planning Commission, managing partner, Robert Steeg, has been quoted in several articles by The Times-Picayune, Gambit and The Lens, regarding … More»

Creepin’ it Real: Haunted Neighborhoods and Their Home Values

Just in time for Halloween, the real estate company, Trulia, has released a new study about how the proximity of a home to a cemetery increases or decreases it value, … More»

2018 Louisiana Legislative Update

The 2018 Louisiana Legislative Session convened on March 4, 2018 and closed on June 24, 2018 with the adjournment of the Third Extraordinary Session. During the Regular Session and the … More»

Belts and Suspenders for Landlords, but the Tenant Can Still Cause the Pants to Fall

In a recent case decided by the Louisiana Court of Appeals for the Fifth Circuit, which has jurisdiction over Jefferson Parish, Louisiana, a landlord put into its lease all of … More»

Robert M. Steeg Quoted in a New Orleans Advocate Article on a Stalled Condo Project

Managing Partner, Robert M. Steeg, was quoted in The New Orleans Advocate in the article, “Lake Vista condo project in New Orleans, once seen as a boon for neighbors, stalls … More»

Update on the Regulation of Short Term Rentals

As previously discussed here and here, short-term rentals (“STR”) are generally allowed in New Orleans (other than in the French Quarter), but are subject to regulation and certain restrictions. As part … More»

Recent Transactions and Cases

Steeg Law attorneys are known for being able to handle unique and difficult real estate issues for virtually any type of property and have been involved in precedent-setting business litigation … More»

Steeg Law Handles a Hague Convention Case

Steeg Law recently represented a mother from Thailand in a case under the Hague Convention on International Child Abduction brought against the father who illegally detained his children in Louisiana. … More»

Two Websites Where You Can Access Real Estate Data

By Robert Steeg   I recently ran across an article in Forbes, “Urban America Just Got A Trove Of New Real Estate Data,” that may be of interest to homebuilders, … More»

First Time Homebuyer Class Offered by Preservation Resource Center

Do you know someone who is considering buying a house for the first time? If so, the Preservation Resource Center’s (PRC) Operation Comeback and Education and Outreach will be offering … More»

New Orleans CityBusiness Publishes Robert Steeg’s Article on Hurricane Preparedness for Commercial Real Estate Agreements

Managing partner, Robert M. Steeg, recently had an article, “Hurricane Preparedness for Commercial Real Estate Agreements,” published in New Orleans CityBusiness. As he covers in his piece, hurricane season begins … More»

Case Alert: A Recent Decision by the Louisiana Supreme Court Will Interest Owners of Low Income Housing Developments

By Lillian E. Eyrich Williams v. Opportunity Homes, L.P.* is a recent decision by the Louisiana Supreme Court that will be of interest to people who own low-income housing developments, … More»

Pssst! Wanna See the Future of Real Estate? Here’s a Peek…

By Robert M. Steeg I just returned from the 2018 Advanced Commercial Leasing Institute at Georgetown Law School. This two-day intensive seminar is an invitation-only program for 140 attorneys from … More»

Small Case, Important Principles For Written Agreements

A relatively small case, recently decided by the Louisiana state Court of Appeal for the Fifth Circuit illustrates two important principles: First, a court will often find a way to … More»

Report on “Emerging Trends in Real Estate 2018”

By Robert Steeg I recently attended the “9th Annual What’s Really Going On & Emerging Trends in Real Estate”  conference sponsored by PWC and the Urban Land Institute. PWC annually conducts … More»

Historic Tax Credits: The Benefits, Process and Economic Impact

To a real estate developer, Federal Historic Tax Credits (HTC) are analogous to the exceptional bread Casamento’s or Domilise’s uses for their oyster po-boys and roast beef sandwiches. It is … More»

The Measure of Compensable Loss Under a Standard Title Insurance Policy

By Charles L. Stern, Jr. Title insurance is ubiquitous in the American real estate market. Lenders generally require mortgagee’s title insurance as a condition before closing on a loan secured … More»

Commercial Real Estate Lessons from Near Miss Hurricanes

By Robert Steeg Those of us in southeast Louisiana are well able to empathize and understand what Houston is going through after Hurricane Harvey. Our own near miss with Hurricane … More»

The Continuous Re-Invention of Retail Real Estate

By Robert M. Steeg Every week, we are bombarded with stories about the death – or at least the deterioration and restriction – of retail real estate. Shoppers are staying … More»

In a Purchase Agreement, Words Matter—A Lot

By Robert M. Steeg When your attorney is poring over every word of a purchase agreement that you are about to enter into, and you are getting frustrated with the … More»

The Current State of License Fees for Air Rights in New Orleans

This article breaks down the current state of license fees for air rights in New Orleans. In many of New Orleans’ oldest (and densest) neighborhoods—particularly the French Quarter—buildings were built to … More»

Charles Stern to Participate in “Title Insurance: What Lies Ahead” Webinar: Register Now

Partner Charles L. Stern, Jr. will be participating in a live CLE/CPE Webinar, “Title Insurance: What Lies Ahead in 2017 and Beyond,” on Friday, September 22, 2017 from 3:00 pm … More»

The Short-Term Rental Saga in New Orleans Continues to Unfold

As Steeg Law has previously covered, the New Orleans City Council approved a new and comprehensive set of short-term rental regulations back in October 2016. Those new regulations went into effect … More»

The Difficult Matter of Batture in Residential and Commercial Land Titles

By David Martinez One of the many benefits of owning land in the State of Louisiana, both for residential and commercial purposes, is the proximity to major rivers and their … More»

Robert Steeg Reports on Timely Issues in Commercial Leasing Today

Managing partner Robert Steeg recently attended the invitation-only Advanced Commercial Leasing Institute (ACLI) at Georgetown Law School. The annual ACLI program, which was held April 19-21, 2017, brings together 150 … More»

Expropriation: What a Landowner Should Consider to Mitigate the Risk of Future Liability

By Zak Rosenberg Government entities generally have the right to take property from private citizens if that taking is for a public use or benefit. In exchange for the property, … More»

Robert Steeg in the News: City Planning Commission Takes No Action on Ferry Terminal

In his capacity as Chair of the New Orleans City Planning Commission, managing partner, Robert Steeg, was recently quoted in articles by the New Orleans Times-Picayune/NOLA.com and The New Orleans … More»

Some Tips on Section 1031 Exchanges

By Robert Steeg Many property owners are generally familiar with the idea of deferring the taxable gain on the sale of real estate by applying the proceeds of the sale … More»

Steeg Law Handles Condominium Conversion for 731 St. Charles

Steeg Law is pleased to announce that the firm is handling the condominium conversion for the new 731 St. Charles Condominiums. The project, which is currently under construction, is located … More»

From Single-Family Homes to Condos, the Regulations for Short-Term Rentals in New Orleans

Lately, short-term rentals have been a hot-button issue not just in New Orleans, but worldwide. Recently, the government of Singapore ruled that short-term rentals of less than six months were … More»

Highlights of the Annual Economic and Real Estate Forecast Symposium

The 6th Annual Economic & Real Estate Forecast Symposium sponsored by New Orleans Metropolitan Association of REALTORS (NOMAR), the Commercial Investment Division (CID) of NOMAR, and the Louisiana Chapter of … More»

Who’s Really in Charge Here? Making Sure Your LLC Has the Proper Management Structure

By Zak Rosenberg Over the past few years, we’ve seen the following scenario play out with more and more frequency. You and several business associates want to create an LLC. … More»

Case Alert: Can You Sue (Or Be Sued By) Someone You Didn’t Have a Direct Contract With?

By Robert M. Steeg When a business transaction goes bad, can the person who has suffered a loss sue other persons involved in the transaction even though the injured person … More»

Property Owners, Managers and Landlords: Are You Exposed to Premises Liability for Third-Party Acts?

By Robert Steeg The following article “Are Your Clients Exposed to Premises Liability for Third-Party Criminal Acts? A Top-10 List to Reduce Risks” by Norman W. Gutmacher appeared in Probate & Property … More»

New Laws That Affect Your Business: 2016 Louisiana Legislative Update

The 2016 Louisiana Legislative Session, which began on March 14, 2016 and closed on June 6, 2016, resulted in the House filing 1,167 bills and the Senate filing 477. We … More»

Louisiana Dominates the Southeast in Historic Rehabilitation Tax Credit Projects

By Robert M. Steeg If you are tired of hearing about how Louisiana ranks at or near the bottom of various categories of social and financial programs, you will be … More»

New Orleans Ranks 9 in Top Towns for Residential Real Estate Investors

As reported by Diana Olick of CNBC in her article, “The top towns for real estate investors,” residential real estate markets across the U.S., including New Orleans, which ranked #9, … More»

Demystifying Tax Sales for Investors

By Robert M. Steeg For investors, depending upon your point of view, tax sales are a) a cheap way to acquire good real estate, b) a good way to get … More»

Landlords: Making Special Allowances for Tenants May Affect Your Right to Evict

Especially in cases where a relationship has developed between the landlord and tenant over a number of years, landlords often make allowances when it comes to accepting late payment of … More»

Steeg Law and Orleans Title Insurance Agency Have Been Certified for ALTA Best Practices

Steeg Law Firm, LLC and its affiliated title insurance agency, Orleans Title Insurance Agency, LLC (OTIA), are proud to announce that we have been certified to be using the American … More»

“What’s REALly Going On” in New Orleans Real Estate

Associate Zachary I. Rosenberg, an Associate with the transactional department, recently attended the Urban Land Institute’s 7th Annual “What’s ‘REAL’ly Going On” Conference at Purloo Restaurant in Central City, New … More»

News You Need to Know: New Disclosure Rules for Mortgages

By Robert M. Steeg Residential real estate closings will never be the same. The following article from The New York Times, “New Disclosure Rules for Mortgages,” only begins to touch … More»

Real Estate Markets and the Recovery: 10 Years Later and Beyond

Associate Zachary Rosenberg recently attended the 5th Annual Economic & Real Estate Forecast Symposium sponsored by Commercial Investment Division (CID), New Orleans Metropolitan Association of Realtors (NOMAR), and the Louisiana … More»

New Orleans Condo Market Provides Opportunities for Sellers and Developers

As reported in NOLA.com | The Times-Picayune article, “Will more real estate developers pick condos in New Orleans?” (see below), New Orleans is experiencing a boom in the condominium market … More»

Case Alert: A Shift in the Law May Have Significant Consequence for the Development of Property

By David Martinez In this article Senior Associate David A. Martinez clarifies a recent case, Boudreaux v. Cummings, which may signal a meaningful shift and restriction on the ability of … More»

Reflections on the 10-year Anniversary of Hurricane Katrina

By Robert M. Steeg As a firm devoted exclusively to real estate and business law, our work is intricately tied to the direction and future of New Orleans. When New … More»

New Laws That Impact Your Business: 2015 Louisiana Legislative Update

By Elise Henry The 2015 Louisiana Legislative Session, which began on April 13, 2015 and closed on June 11, 2015, resulted in the House filing 847 bills and the Senate … More»

Case Alert: Good News for Real Estate Agents, but Caution for Buyers

By Robert M. Steeg In this article, Managing Partner, Robert M. Steeg, clarifies Rabalais v. Gray, a new case that was decided by the Louisiana Appellate Court having jurisdiction over … More»

Corporate Realty Publishes Third Annual Greater New Orleans Office Market Report

Corporate Realty, Inc. has just published their third annual Greater New Orleans Office Market Report, which lists basic occupancy and rental rate information for every non-medical office building greater than … More»

ULI Chooses New Orleans as the Site of the 13th Annual ULI Hines Competition

The Urban Land Institute (ULI), an international nonprofit focusing on research and education to “provide leadership in the responsible use of land in creating sustaining thriving communities worldwide,” has identified … More»

Important Changes to Louisiana’s Business Corporation Law Are Now In Effect

This article provides an overview of Act 328, the overhaul of the Louisiana Business Corporation Law, and information how the changes will impact your business. Act 328 – The Law … More»

Economic Innovation in the “New” New Orleans: Stronger Than Ever

As reported in a recent article, “Economic Development in the “New” New Orleans,” posted on Area Development Site and Facility Planning online magazine, 10 years after Hurricane Katrina the economy … More»

Community-oriented Real Estate Development: A Complex But Growing Niche

The following article from NOLA.com, Times-Picayune, “How ReFresh Project, a post-Katrina milestone, built a healthy food hub, including Whole Foods,” highlights the complex but growing niche of community-oriented real estate … More»

New Court Ruling Alert: Owner of an LLC May Be Found Personally Liable for Company Obligations

By Robert M. Steeg Managing Partner, Robert M. Steeg, clarifies a new court ruling by the Louisiana Fourth Circuit Court of Appeals that establishes the owner of an LLC may … More»

Court Ruling Update: Owner of an LLC May Be Found Personally Liable for Company Obligations

As partner Robert M. Steeg notes below, his article, “New Court Ruling Alert: Owner of an LLC May Be Found Personally Liable for Company Obligations,” is even more relevant today … More»

“Big on the Big Easy” – New Orleans Luxury Real Estate Market is Bouncing Back

As reported in The Wall Street Journal article, “Big on the Big Easy,” (see below) “In New Orleans, the luxury real-estate market is bouncing back, boosted by homeowners who want … More»

New Title Endorsements – Because One Size Does Not Fit All

By Lillian E. Eyrich Title insurance is a standard requirement in most real estate transactions and the importance to both lenders and property owners of properly underwritten title insurance is … More»

Robert Steeg Weighs in on ULI Green Space Recommendations for Downtown Development District

The Downtown Development District (DDD) recently asked for input on green space from the Urban Land Institute Louisiana (ULI). In response, ULI met for two days in May to study … More»

Execution of Legal Documents in Louisiana—Formalities Matter

By Charles L. Stern, Jr. Louisiana has strict requirements governing the form of certain types of legal documents, such as donations and wills. Failure to comply with those formalities, while … More»

Condo Association Guide to Managing Requests for Reasonable Accommodations for Assistance Animals

Condominium associations often implement rules which prohibit pets on the condominium property or limit the number, size or breed of pets permitted on the property. What many condo associations may … More»

How to Police Utility Use When Your HOA is Paying the Bill

Partner Randy Opotowsky, who has represented developers of a number of the major condominium projects in the New Orleans area, was recently interviewed for a series of articles by HOALeader.com, … More»

New Orleans “Food Deserts” Present Development Opportunities and Financing Options

By Robert M. Steeg Some developers are taking advantage of a unique opportunity in New Orleans to develop fresh-food retailers in “food deserts,” areas that have little or no options … More»

What Are the Limits on Employing Your HOA’s Reserve Funds?

Partner Randy Opotowsky, who has represented developers of a number of the major condominium projects in the New Orleans area, was recently interviewed for a series of articles by HOALeader.com, … More»

The Top Seven Reasons an HOA Gets Sued

Partner Randy Opotowsky, who has represented developers of a number of the major condominium projects in the New Orleans area, was recently interviewed for a series of articles by HOALeader.com, … More»

Recognize and Cure Title Defects Before They Become Title Insurance Claims

Title insurers have a unique advantage over other types of insurers because they can assess and limit their exposure to claims before they ever issue a title insurance policy. Specifically, … More»

Historic and New Markets Tax Credits – The Basics

By Robert Steeg With an abundance of historic properties throughout the city and dilapidated properties and parcels of land in low-income neighborhoods ripe for rehabilitation, many developers in New Orleans … More»

Financing with Interest Rate Swap Agreements

By Lillian Eyrich Interest rate swap agreements are becoming more popular with lenders and borrowers. They are valuable to borrowers who want to make sure their interest rates do not … More»

Robert M. Steeg Interviewed for article, “Tips to Negotiate a Favorable Lease for Your Business”

Managing Partner, Robert M. Steeg, was recently interviewed for an article, “Tips to Negotiate a Favorable Lease for Your Business, that was published on LowesForPros,” Lowes’ website that provides the … More»

Property Owners, Insurance Companies and “Bad Faith”

This article explains why understanding Louisiana’s laws governing “bad faith” in property and title insurance policies is important to property owners and insurance companies alike. Why Understanding “Bad Faith” in Property … More»

Property Owners and Their Contracts with Contractors

As an owner of real property, who wants to construct, improve, repair, or extend improvements on that real property, before entering into a contract with your contractor it is important … More»

The Good, the Bad and the Ugly: Condo Associations, Unit Owners and their Insurers

By Randy Opotowsky, Partner Hurricane Isaac rained down on the Greater New Orleans area almost seven years to the day of Hurricane Katrina. Will there now be another tidal wave … More»

Unanimous Consent of All Unit Owners Required to Re-designate Common Elements

In Louisiana, a recent case highlights the unique challenges in operating condominium regimes, which often require participation and cooperation from the individual unit owners. Cusimano v. Port Esplanade Condominium Ass’n., … More»

Preparing for the Potential Pitfalls of Co-ownership of Property

Along with the co-ownership of property by two or more unmarried persons comes special rules that affect how the co-owned property is managed and, in particular, what is done when … More»

The Unexpected Consequences of Memorandum of Lease for Landlords and Tenants

By Robert M. Steeg According to Managing Partner, Robert M. Steeg, whether you are a landlord or a tenant, the recordation of a Memorandum of Lease has very significant consequences … More»

In Louisiana, Getting a Court Order to Evict a Tenant is Essential

By Charles L. Stern, Jr. In Louisiana, No Court Order, No Eviction In many states, a landlord is allowed to use self-help—changing the locks, for example—to evict a tenant that … More»

Louisiana First Circuit Court of Appeal Decision Affects Corporations

This article clarifies a new court ruling by the Louisiana First Circuit Court of Appeal that a corporate president has no duty to disclose his corporation’s financial problems to other companies … More»

Collection Tools for Condominium Homeowners Associations

By Randy Opotowsky Partner, Randy Opotowsky, a highly experienced commercial and residential real estate attorney, who has represented developers of a number of the major condominium projects in the New Orleans … More»

Louisiana Third Circuit Court of Appeal Decision Affects Property Owners

By Charles L. Stern, Jr. Partner, Charles L. Stern, Jr. clarifies a new court ruling by the Louisiana Third Circuit Court of Appeal that upholds that property owners and developers … More»

Two Federal Court Decisions Affect Property Owner Rights

New Court Ruling Alert: For Commercial and Residential Property Owners, Two Federal Property Insurance Cases Worth Attention By Charles L. Stern, Jr. In the aftermath of the 2005 hurricanes, Katrina … More»

Tenants and Bankruptcy – Steps a Commercial Landlord Should Take

With Tenants Increasingly Filing for Bankruptcy, There are Steps a Commercial Landlord Can and Should Take Under the current economic conditions, commercial landlords are finding with increasing regularity that tenants … More»

Owner of an LLC May Be Found Personally Liable for Company Obligations

By Robert M. Steeg Managing Partner, Robert M. Steeg, clarifies a new court ruling by the Louisiana Fourth Circuit Court of Appeals that establishes the owner of an LLC may … More»

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