MCLE Self Study Article: Legal and Practical Differences Between Airspace Subdivisions and Condominiums in Vertical Mixed-Use Projects
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Paul N. Dubrasich
Paul Dubrasich is a partner in the San Francisco office of Cox Castle and is co-chair of the firm’s Resort and Residential Team. He has a broad, diverse, 30-year background in real estate transactions and development law. His expertise extends to real property acquisitions and dispositions, common interest developments, mixed-use projects, distressed properties, commercial finance, and joint ventures.
The last two decades in California have seen an increase in the development of urban, transit-oriented residential projects. The demographics of the new millennium favor housing closer or more convenient to business centers. Both aging baby boomers and the "echo boomer" population prefer living in urban cores, or near public transit that can take them there, as opposed to the suburbs where congested highway transportation is the only way to get around.1 While this may change with time, there is undoubtedly a continuing trend toward vertical as opposed to horizontal development.