Perspectives on Real Estate
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Arent Fox Associate Shahiedah Palmer will speak at The Seminar Group’s, “Cannabis and Hemp – Business Considerations” Seminar
Cannabis REIT Securities Filing Demonstrates How to Disclose the Regulatory Risks of Funding Cannabis Ventures to Investors
AFC Gamma’s SEC filing illustrates the importance of proper risk assessment and adequate risk factor disclosures to investors in the rapidly-shifting regulatory landscape of cannabis production, sales, and lending.
On November 25, 2020, a New York federal court ruled in Melendez v. The City of New York, No. 20-CV-5301 (S.D.N.Y.) denying an injunction and declaring constitutional NYC Council’s newly enacted anti-harassment and guaranty laws that protect commercial and residential tenants.
Arent Fox is pleased to announce that Real Estate and Corporate Partner Kelli Scheid Smith has been named among the 2020 “Top Women Lawyers” in California by the Daily Journal.
Twenty-four Arent Fox LLP practices have been recognized in the 2021 “Best Law Firms” rankings that are published annually by US News & World Report and Best Lawyers.
With precautions still in place to combat the COVID-19 pandemic that limit access to government buildings and promote social distancing, on September 23, 2020, Governor Gavin Newsom issued Executive Order N-80-20.
The Daily Journal has named Arent Fox Partner Frank Petrilli a “Top 40 Under 40” lawyer. Frank is one of 40 lawyers in California under the age of 40 to be recognized with this prestigious award in 2020.
Since the COVID-19 pandemic began, real estate owners and tenants have faced unprecedented day-to-day operational challenges from the loss of business and income. Two new real estate lawsuits seek to address these issues.
Real Estate Partner Bryson Filbert, Counsel Jeff Mitchell, and Associate Angela Fuccillo represented FCP in a joint venture to acquire the Tides at South Tempe, a 422-unit apartment complex in Tempe, Arizona. The $71.5 million acquisition is the company’s first investment in the Arizona market.
There are many types of swaps: commodity swaps, foreign exchange swaps, but of primary interest to real estate lawyers are interest rate swaps. Interest rate swaps are colloquially thought of as contracts by which a naturally floating rate interest rate contract (a loan agreement or promissory note)
The 2020 edition of Legal 500 US has rated 43 Arent Fox LLP attorneys as national leaders in their field. In addition, 14 of the firm’s practice areas were ranked among the best in the country.
On June 8, 2020, Mayor Bowser signed the Coronavirus Support Congressional Review Emergency Amendment Act of 2020 (the Act), which the Council of the District of Columbia had unanimously approved on May 19, 2020. The Act is now in effect for 90 days (i.e., until September 6, 2020).
REITs Accruing Rent Without Receiving Corresponding Cash Payments Need to Start Considering Their Options Now
Because COVID-19 has caused many tenants to experience significant financial hardship and cash shortfalls, their landlords that are real estate investment trusts (REITs) may experience challenges satisfying tax requirements to maintain REIT status in 2020.
On May 19, 2020, the Council of the District of Columbia unanimously approved the Coronavirus Support Emergency Amendment Act of 2020 (the “Act”), which consolidates the four previous emergency acts adopted by the Council, and includes notable additions and modifications.
On May 5, 2020, the Council of the District of Columbia unanimously approved another bill in response to the ongoing COVID-19 crisis, the Coronavirus Omnibus Emergency Amendment Act of 2020.
Revised term sheets and FAQs issued by the Federal Reserve Board expand the program and provide additional guidance for borrowers affected by the COVID-19 crisis. A chart outlining the updated term sheets can be found in the link below.
As we noted previously, on April 7, 2020, the Council of the District of Columbia (the “Council”) unanimously passed the COVID-19 Response Supplemental Emergency Amendment Act of 2020 (the “COVID-19 Supplemental Act”). This emergency legislation, which was officially enacted on April 10, 2020, will
On April 23, 2020, the Massachusetts Legislature passed an act providing for remote notarization to address challenges related to the 2019 novel coronavirus (COVID-19). The act has been sent to Governor Baker for his review and signing.
On April 14, 2020, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency issued an interim final rule to temporarily defer the requirement for real estate-related appraisals and evaluations.
The Main Street Lending Program (the Program) is separated into two distinct facilities – the Main Street New Loan Facility (MSNLF) and the Main Street Expanded Loan Facility (MSELF). The points below outline why the Program could be attractive to hotel owners, hotel operators, and their lenders.
On April 7, 2020, the Council of the District of Columbia unanimously passed the COVID-19 Response Supplemental Emergency Amendment Act of 2020.
California’s Property Tax Deadline: San Francisco and San Mateo Counties Extend Deadline While Other Counties Maintain Deadline with Penalty Relief
While the April 15 deadline for filing federal and state tax returns has been extended, the April 10 deadline to pay California property taxes without penalty will stand for most California counties.
CARES Act Section 4024 - Temporary Prohibition of Eviction on Properties Financed by Federally Backed Mortgage Loans
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provides, among other things, immediate eviction relief for certain residential tenants, but does not address relief for commercial tenants.
For the development community, the disruptions caused by the pandemic will add more uncertainty to an already uncertain entitlement landscape.