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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]
By Pillsbury's Construction & Real Estate Law Team In many cases, borrowers and lenders are working together to weather this crisis. [read post]
By Pillsbury's Construction & Real Estate Law Team Real Assets are supposed to generate cash, yet in many sectors this is no longer the case. [read post]
By Pillsbury's Construction & Real Estate Law Team New Small Business Administration (SBA) guidance implementing the Paycheck Protection Program (PPP) confirms that a somewhat narrower set of affiliation principles now applies to SBA loan programs, including the PPP. [read post]
By Pillsbury's Construction & Real Estate Law Team By executive order, Georgia Governor Kemp issued a statewide 10-day shelter-in-place order, from April 3, 2020, to April 13, 2020. [read post]
By Pillsbury's Construction & Real Estate Law Team Please join us today, April 8, 2020, for an Industry Insights webinar series designed to help clients spot issues, mitigate risk and navigate challenges specific to their industry. [read post]
By Pillsbury's Construction & Real Estate Law Team Although the majority of states across the country have issued statewide Shelter-in-Place or Stay-Home orders, Texas has demurred, initially altogether, deferring to counties and cities to use their own executive authorities as they deemed necessary, and then coming along in substance while eschewing the “stay-home order” characterization. [read post]