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Mandelbaum Barrett PC

Essential Guide to Buying a Pet Care Facility: Key Steps for a Successful Purchase

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Purchasing a pet care facility, whether it’s a boarding kennel, grooming salon, or daycare, can be an exciting venture for animal lovers and entrepreneurs alike. However, buying this type of business requires careful planning...more

Mandelbaum Barrett PC

Navigating Lease Agreements in Veterinary Practice Transactions: Key Considerations for a Successful Transition

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When purchasing a veterinary practice, one of the key considerations is the real estate where the practice operates. If the buyer does not intend to purchase the property itself, they will need to either assume the existing...more

Holland & Knight LLP

IRS Issues Private Ruling That Entity with Zero Gross Income or Assets Can Qualify as a REIT

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In private letter ruling (PLR) 202440007, the taxpayer (Taxpayer REIT) elected to be treated as a real estate investment trust (REIT) for its initial tax year. The Taxpayer REIT was formed as a vehicle to invest indirectly...more

Holland & Knight LLP

California's 2025 Housing Laws: What You Need to Know

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As in previous years, California saw a significant volume of new housing legislation emerge from Sacramento in 2024. (See Holland & Knight's previous annual recaps of California Housing Laws in the final section below.) This...more

McDermott Will & Emery

Post Expo Real and the UK Budget – UK Real Estate to Survive or Thrive in 2025?

McDermott Will & Emery on

Having taken time to reflect on the mood and sentiment at Expo Real 2024 among clients, contacts, and European real estate partners at McDermott, the general outlook within the Messe could be best described as one of cautious...more

Benesch

Warehouses Watching Their Backs in California: Legislative and Regulatory Developments

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California legislators and regulators continue to create various challenges for warehouse owners and operators throughout the Golden State. Two recent developments in particular serve as stark reminders to owners and...more

Levenfeld Pearlstein, LLC

Practical 1031: What is an Internal Revenue Code Section 1031 Like-Kind Exchange?

Question: What is an Internal Revenue Code Section 1031 Like-Kind Exchange? Answer: Section 1031 of the Internal Revenue Code allows a taxpayer who owns business or investment real estate to “exchange” the real estate the...more

Moore & Van Allen PLLC

OCC Issues Guidance Reminding Banks of Risks Associated with Refinancing Commercial Loans

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With the amount of commercial real estate loans scheduled for maturity over the next several years expected to increase significantly, there is accompanying heightened risk that some borrowers may be unable to replace their...more

White and Williams LLP

A Funny Thing Happened to My Ground Lease in Bankruptcy Court

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Ground leases are an important – if somewhat unusual – part of the real estate finance industry. Because they typically cover large expensive properties like Rockefeller Center and The Empire State Building, to name two, and...more

Best Best & Krieger LLP

Commercial Leasing Changes You NEED to Know Starting January 1, 2025

In 2019, the California State Legislature enacted the Tenant Protection Act, aimed at protecting long-term residential tenants by limiting rent increases and restricting evictions. To date, statewide tenant protections have...more

Stark & Stark

TGI Friday’s Files for Chapter 11 Bankruptcy Protection

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​​​​​​​Dallas-based TGI Friday’s, which started in Manhattan in 1965 and was one of the first chains to capitalize on the “happy hour” concept, filed for Chapter 11 bankruptcy protection on Saturday in the Northern District...more

Coblentz Patch Duffy & Bass

What We're Reading, Watching, and Listening To: October 2024

A roundup of news and multimedia from the Unfamiliar Terrain team: San Francisco - Can downtown be saved? Mayoral candidates’ big ideas to stop the bleeding (SF Standard): The candidates agree that something must be...more

Poyner Spruill LLP

Preserving a Lender's Ability to Enforce Remedies Following a Default

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It is no secret that many commercial real estate (CRE) properties are struggling. The dramatic increase in interest rates over the past few years and employers’ evolving mindsets regarding the use of office space are creating...more

Dunlap Bennett & Ludwig PLLC

How A Commercial Loan Officer Can Save Their Borrowers Recordation Tax On Maryland Loans Under $12.5 Million.

In Maryland the use of Indemnity Deeds of Trust are a simple path to save your borrowers $5 to $7 per thousand on their closing costs for commercial loans, but proper structuring of the transaction is essential to meet the...more

Sands Anderson PC

Private Real Estate Syndications: A Q&A with Kinloch Capital's Peter Walls

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Sands Anderson’s Brian Pitney recently interviewed Founding Parter and Chief Investment Officer Peter Walls of Kinloch Capital about private real estate syndications. They discussed how Kinloch Capital identifies commercial...more

Walkers

Appointment of receivers over English property held by Jersey, Guernsey and British Virgin Islands entities

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We are seeing an increasing number of enquiries from lenders and their advisors in respect of the practicalities of enforcement by receivers of English security granted by overseas entities. Real estate property transactions...more

Allen Matkins

Sustainable Development and Land Use Update October 2024 #3

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A bid to bolster eviction protections for San Francisco’s oldest neighborhood businesses won key approval last Tuesday as city leaders contemplate a sweeping rezoning plan that stands to boost building height limits along...more

Epstein Becker & Green

Importance of Negotiating Exclusivity, Expansion and Relocation Provisions in Health Care Leases

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In our ongoing series of blog posts, we have examined key negotiating points for tenants in triple net health care leases....more

K2 Integrity

Webinar ¦ Benefits of Using AI in Construction

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In this one-hour session our panel of experts discuss how artificial intelligence is reshaping the construction industry and explore the pros, cons, challenges, and benefits of AI in construction—including how it could...more

BCLP

Autumn Budget 2024 - What’s the Tax Impact on the Real Estate Sector?

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The real estate sector was not ignored by Budget announcements today. There were no seismic changes – the changes announced were less impactful than the speculation in the weeks preceding the Budget....more

Morgan Lewis

Federal Reserve Bank Publishes Paper on ‘Extend-and-Pretend’ Workouts

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The Federal Reserve Bank of New York released a paper last week analyzing the effects of “extend-and-pretend” mortgage modifications on the broader financial system. Since the first quarter of 2022, banks have extended the...more

Williams Mullen

[Event] 2024 Fall Tax Forum - November 20th, Richmond, VA

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Join Williams Mullen attorneys for our Fall Tax Forum on Wednesday, November 20th, where our speakers will present on certain federal income tax issues with respect to real property transactions including 1031 exchanges, drop...more

Goulston & Storrs PC

Mitigate Risks of Lender Liability Claims When Reworking Troubled CRE Loans

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I recently had the opportunity to present during a Strafford CLE webinar on strategies for mitigating the risks of lender liability claims when reworking troubled commercial real estate loans. A central theme throughout the...more

Lowndes

Update on Orange County’s Proposed Ordinance to Halt Certain Development Projects

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On October 29, 2024, the Orange County Board of County Commissioners approved a new ordinance that will temporarily suspend all comprehensive plan text and map amendments, rezonings, and special exceptions, but provides a...more

Stoel Rives LLP

California Expands Residential Tenant Protections to Certain Small Commercial Tenants

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On September 30, 2024, Governor Newsom approved California Senate Bill No. 1103, which extends certain rights previously reserved for residential tenants to “qualified commercial tenants,” which includes any tenant that is...more

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