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By Pillsbury's Construction & Real Estate Law Team On Friday, May 15, New York began reopening businesses after widespread closures in response to the coronavirus pandemic. [read post]
By Pillsbury's Construction & Real Estate Law Team Building on existing New York State protections, the New York City Council has passed a bill providing protections for individuals who have guaranteed leases for premises affected by COVID-19. [read post]
By Pillsbury's Construction & Real Estate Law Team On May 13, 2020, one day before the expiration of the relevant “safe harbor” deadline, the Small Business Administration (SBA) issued new guidance to borrowers who have been considering whether to return their CARES Act Paycheck Protection Program (PPP) loans in the event that the borrowers failed to consider their access to alternative sources of… [read post]
By Pillsbury's Construction & Real Estate Law Team On Thursday, May 7, California rolled out a modified stay-home order and issued guidance to move into “Stage 2” of reopening certain sectors of the economy. [read post]
By Pillsbury's Construction & Real Estate Law Team Please join us on May 6, 2020, for a conversation with Rachel Horsch and Nancy Fischer of Pillsbury as well as Jonathan Schaefler, Managing Director of real estate company Newmark Knight Frank, regarding foreign direct investment, CFIUS, changes in regulation and what the market holds. [read post]
By Pillsbury's Construction & Real Estate Law Team For America’s economic recovery to move forward with relatively few hitches, liability limits are essential. [read post]
By Pillsbury's Construction & Real Estate Law Team In the wake of COVID-19, default rates for commercial real estate loans, including those supported by personal guaranties, will likely accelerate. [read post]
By Pillsbury's Construction & Real Estate Law Team With many struggling to make housing payments due to COVID-19, dues owed to multifamily condominium associations are likely to go unpaid—especially if homeowners feel deprived of the use of common areas, such as pools, gyms and playgrounds. [read post]
By Pillsbury's Construction & Real Estate Law Team In the wake of government-ordered moratoriums on commercial tenant evictions, how does a California commercial tenant’s security deposit come into play as an available landlord remedy for a lease default? [read post]
By Pillsbury's Construction & Real Estate Law Team The COVID-19 pandemic and the resulting economic turmoil have the potential to shake up the U.S. real estate market due to an anticipated influx of real estate investors looking to purchase heavily discounted, distressed assets and an expected increase in real estate foreclosures. [read post]
By Pillsbury's Construction & Real Estate Law Team Bisnow recently sat in on a conversation with MRP Managing Principal Bob Murphy as well as MRP Managing Director Allison DiGiovanni. [read post]
By Pillsbury's Construction & Real Estate Law Team Restaurant companies have been devastated by the COVID-19 pandemic. [read post]
By Pillsbury's Construction & Real Estate Law Team With an unprecedented number of commercial real estate tenants not paying rent and potentially defaulting under their leases, many landlords and tenants may soon be entering into forbearance agreements that defer payment of rent and other financial obligations. [read post]
By Pillsbury's Construction & Real Estate Law Team The coronavirus pandemic has been credited with improved air and water quality as America shelters in place, reducing its emission and discharge footprint. [read post]
By Pillsbury's Construction & Real Estate Law Team In the wake of the COVID-19 pandemic, the Supreme Court of Texas along with many Texas counties have issued moratoriums on evictions and foreclosures, the applicability of which remains varied and depends on local orders. [read post]
By Pillsbury's Construction & Real Estate Law Team The Federal government issued an advisory list of essential critical workers, including workers doing certain types of construction, but deferred to states and local governments to implement any orders. [read post]
By Pillsbury's Construction & Real Estate Law Team In the wake of the COVID-19 pandemic, governments across the U.S. have issued moratoriums on evictions and foreclosures for residential and commercial properties and other restrictions on available remedies. [read post]
By Pillsbury's Construction & Real Estate Law Team The insurance industry responded to the emergency of the COVID-19 pandemic with preemptive press statements that property insurance policies would provide no coverage—even before policyholders submitted any claims. [read post]
By Pillsbury's Construction & Real Estate Law Team The Department of Homeland Security has outlined 16 critical infrastructure sectors which represent the types of businesses that can remain operational during the COVID-19 pandemic. [read post]