News & Analysis as of

Conversion

Cole Schotz

City of Yes Proposal Offers Increased Housing Development Opportunities

Cole Schotz on

For over a year now, the City of Yes (“CoY”) zoning update, which aims to bring back more flexibility and density in development across the City, has been a hot topic of conversation in the New York City development sphere....more

Venable LLP

Protecting Your Intellectual Property Rights in Data

Venable LLP on

To protect its data and better compete in the market, an organization must treat its data as an intellectual property. That means understanding the different intellectual property regimes and their accompanying requirements....more

Allen Matkins

Stockholders Fail To Approve Proposal To Reincorporate Nevada Corporation In Delaware

Allen Matkins on

Although much attention of late has been devoted to proposals to reincorporate in Nevada from Delaware, not every corporation is swimming in the same direction.  Last May,  Kintara Therapeutics, Inc., a Nevada corporation,...more

Allen Matkins

New Law Expands Multifamily ADU Opportunities

Allen Matkins on

Attention Multifamily Owners: SB 1211 (Skinner) was just signed into law last Thursday, September 19, 2024, which significantly expands multifamily ADU opportunities, effective January 1, 2025....more

Fox Rothschild LLP

Does a Dissenting Opinion Control the Supreme Court?

Fox Rothschild LLP on

A dissenting opinion in the Court of Appeals has long been a litigant’s Golden Ticket, at least until a recent statutory change. The mere existence of the dissent bestowed an automatic right of appeal to the Supreme Court of...more

Husch Blackwell LLP

Proposed Federal Legislation Aims to Address Underutilized Commercial Real Estate

Husch Blackwell LLP on

Earlier this summer, bipartisan legislation was introduced in the U.S. House of Representatives aimed at spurring the redevelopment of existing underutilized or vacant commercial properties and converting them for residential...more

Allen Matkins

Is Nevada's Corporate Law "One Of The Most Comprehensive And Progressive State Corporate Acts"?

Allen Matkins on

In May, I took note of this Form 8-K filed by P.A.M. Transporation Services, Inc. announcing board approval of a plan to convert the company's state of incorporation from Delaware to Nevada.  The company has now filed...more

Allen Matkins

Nevada's Secretary Of State Urges Delaware Supreme Court To Eschew "Exit Tax"

Allen Matkins on

In a May post, I observed: As a long-time beneficiary of corporations fleeing other jurisdictions, Delaware may be tempted to put the brakes on its own corporations wishing to flee to the sunny uplands of other states. ...more

Allen Matkins

Israel Headquarted Company Approves Move From Delaware To Nevada

Allen Matkins on

As the debate continues regarding DExit, I have been on the lookout for companies making the move from Delaware to Nevada.  Recently, I came across this information statement filed by Viewbix Inc., a digital advertising...more

Foley & Lardner LLP

Key Takeaways from the North Texas Real Estate Summit

Foley & Lardner LLP on

...The premier event was well attended by key players in the North Texas real estate industry and the event served as a unique platform for owners, operators, investors, developers, capital providers, and other industry...more

Holland & Knight LLP

FY 2025 Budget Support Act Funds New Tax Abatement in Central Washington, D.C.

Holland & Knight LLP on

The Council of the District of Columbia held its second vote on the fiscal year (FY) 2025 Budget Support Act (BSA), which was unanimously approved on June 25, 2024. As part of the amended text, the Council funded the Central...more

Allen Matkins

Another Delaware Corporation Makes The Move To Nevada

Allen Matkins on

Earlier this week, I noted that the stockholders of Fidelity Financial Inc. failed to approve a proposal to convert the corporation from a Delaware to a Nevada corporation.  The vote was hardly decisive because more...more

Allen Matkins

Are Recent Delaware Decisions Causing Corporations To Look For The Exit?

Allen Matkins on

Delaware's website boldly asserts "The DGCL [Delaware General Corporation Law] offers predictability and stability."  I have somewhat waggishly observed, however, that you can read the DGCL cover to cover and still no very...more

Gray Reed

Update on Pennsylvania Subsurface Trespass

Gray Reed on

Briggs v. Southwestern Energy Production Company, LLC is good news for Pennsylvania mineral owners bringing claims for subsurface trespass by fracking. In 2018 in “Briggs 1”, the Briggs family sued SWN for subsurface...more

Allen Matkins

Recently Effective & Pending State Housing Laws - 2024 Land Use, Environmental & Natural Resources Update

Allen Matkins on

Various state housing bills are currently making their way through the State Legislature that are expected to benefit mixed-income multifamily housing developers. The following summaries reflect the status of the legislation...more

Allen Matkins

Sustainable Development and Land Use Update - 5.16.24

Allen Matkins on

Assembly Bill (AB) 3068 (Haney, Quirk-Silva, and Wicks) would provide for the streamlined ministerial (i.e., no CEQA) approval of qualifying adaptive reuse projects involving the conversion of an existing building to...more

Cole Schotz

Navigating the NYS 2024/2025 Executive Budget and Its Impact on NYC Multifamily Housing (Part 2 of 4)

Cole Schotz on

New York recently adopted the Affordable Neighborhoods for New Yorkers (ANNY) Tax Incentive and the Affordable Housing from Commercial Conversions (AHCC) Tax Incentive programs, as well as a host of other new and modified...more

Goodwin

Top NYC Developer Shares Three Keys to Successful Office Conversions

Goodwin on

The pandemic-driven rise in remote work has created a big opportunity for real estate developers to turn empty offices into apartments, condos, and other types of housing....more

Latham & Watkins LLP

Demystifying Modern Convertible Notes - April 2024 - Revised Edition

Latham & Watkins LLP on

Issuing convertible notes has long been an attractive capital-raising option for public companies. At its most basic essence, a convertible note is a debt instrument that pays interest and principal, but also carries the...more

ArentFox Schiff

Money Trees (and Office Greens): Why Real Estate Developers are Transforming Vacant Office Spaces into Trendy Urban Farms

ArentFox Schiff on

Welcome to the trendy revolution of urban farming. Three years ago, Washington, DC, Mayor Muriel Bowser unveiled a plan to transform vacant office buildings in downtown DC into residential properties with hopes of creating a...more

Morris, Manning & Martin, LLP

Coming Back Around on Adaptive Reuse

As MMM's construction group discussed back in August of 2023,  converting an office building into a multifamily residence is an intriguing concept but "not quite the silver bullet that will solve all the issues with both the...more

Alston & Bird

Land Use Matters March 2024 – CEQA Appellate Decisions & Other Legal Developments

Alston & Bird on

City of Los Angeles - Proposed Citywide Adaptive Reuse Ordinance - In 1999, the city council adopted the Adaptive Reuse Ordinance (ARO) that enabled the conversion of commercial buildings constructed in the downtown area in...more

Epiq

Commercial Real Estate Market: Observations and Opportunities

Epiq on

The commercial real estate market is in a fragile state. The remote working trend is not reversing anytime soon, if ever. Some analysts believed that once the pandemic ended, people would naturally revert to the “old way” of...more

Allen Matkins

Vice Chancellor Laster Proposes Recusal, But Is He Correct?

Allen Matkins on

Several recent posts have addressed themselves to the litigation challenging the proposed redomestications of TripAdvisor, Inc. and  Liberty TripAdvisor Holdings, Inc. from Delaware into Nevada.  Palkon v. Maffei, 2024 WL...more

Allen Matkins

Can A Derivative Suit Survive Conversion?

Allen Matkins on

In Palkon v. Maffei, 2024 WL 678204 (Del. Ch. Feb. 20, 2024), the plaintiffs sought to enjoin the proposed conversions of TripAdvisor, Inc. and  Liberty TripAdvisor Holdings, Inc. into Nevada.  As noted in this post, Vice...more

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