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By Pillsbury's Construction & Real Estate Law Team In responding to the COVID-19 pandemic, CIOs across all industries may decide to undertake IT initiatives to enhance business resiliency and capabilities while containing costs. [read post]
By Pillsbury's Construction & Real Estate Law Team On June 15, 2020, the California Legislature passed Governor Newsom’s proposed tax legislation to raise additional income tax revenue to assist in balancing the California budget. [read post]
By Pillsbury's Construction & Real Estate Law Team Historically, “Act of God” was defined to encompass sickness, but the concept has evolved, and it is unclear whether, in the absence of an express reference to epidemics in a force majeure clause, courts will find COVID-19 to be an Act of God. [read post]
By Pillsbury's Construction & Real Estate Law Team A recent Executive Order by President Trump directs agencies to expedite reviews of infrastructure projects based on the emergency provisions of several key federal environmental laws. [read post]
By Pillsbury's Construction & Real Estate Law Team Co-head of Pillsburys Projects team, partner Robert A. [read post]
By Pillsbury's Construction & Real Estate Law Team As we approach the next phase of the COVID-19 pandemic, many states and cities around the country have proposed safety measures for construction projects during the pandemic. [read post]
By Pillsbury's Construction & Real Estate Law Team From mask-wearing to physical separation to staggered schedules and crowding-related transit incentives, implementing the new CDC guidelines may reshape office life. [read post]
By Pillsbury's Construction & Real Estate Law Team The IRS issues anticipated guidance providing relief to developers facing delays related to COVID-19. [read post]
By Pillsbury's Construction & Real Estate Law Team Over the past few months, construction projects in most states have carried on because construction was deemed essential and projects were exempted from government orders that closed businesses. [read post]
By Pillsbury's Construction & Real Estate Law Team A recent court order issued as part of an ongoing litigation involving a Manhattan hotel held that a mezzanine lender may proceed with a UCC foreclosure sale of the mezzanine loan collateral despite N.Y.E.O. 202.8, which prevents creditors from initiating judicial foreclosures. [read post]
By Pillsbury's Construction & Real Estate Law Team Please join our panel of current and former in-house counsel—with experience spanning a number of industries—as they discuss the issues and opportunities they faced in the course of their own professional journeys, and the strategies that helped them along the way. [read post]
By Pillsbury's Construction & Real Estate Law Team On May 13, 2020, proposed California Senate Bill No. 939 was amended to not only prohibit landlords from evicting commercial tenants during the pendency of the COVID-19 state of emergency, but to extend protections to certain qualifying tenants permitting express rent reduction negotiation rights and lease termination rights. [read post]
By Pillsbury's Construction & Real Estate Law Team The Procurement Integrity Act (PIA) governs disclosing or obtaining procurement information, engaging in employment discussions with government officials, and the payment and receipt of compensation to a former government official. [read post]
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 liquidity before certifying… [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]