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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]
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]