On the one-year anniversary of China’s Wuhan lockdown, COVID-19 has become a part of everyday life and as we enter the new year, real estate borrowers and lenders alike will need to understand this new normal and face the reality that is fast approaching. In 2020, as the COVID-19 pandemic…
Anyone who follows Anthony Cavender’s Court-Side Seat column on Gravel2Gavel throughout the year knows he leaves nary a judicial, legislative or agency-related environmental law stone unturned. We’ve gathered all the stones from 2020 into one place, Environmental Law – The Year in Review.
On 19 January, the EC published a strategy setting out wide-ranging ideas for the development of its financial market infrastructure. The strategy includes plans for driving the green transition in line with the European Green Deal through turning the EU financial markets into a “global green finance hub.” The strategy…
Pillsbury partner and Global Co-Head of the Energy & Infrastructure Projects team Mona Dajani discusses energy transition with Jigar Shah, President and Co-Founder of Generate. Join us on February 4, 2021 where Jigar and Mona chat about entrepreneurship, sustainable sectors including hydrogen, food waste and EVs and the role of…
Legislation signed into law on December 27, 2020, fixed the rate for the 30% present value low-income housing tax credit (LIHTC), which had dropped to a historic low of 3.07 in 2020, at 4% (the 4% Floor). Congress hopes that the 4% Floor will increase the supply of affordable rental…
Real Estate partner Andrew Weiner and Tax partner Craig Becker discuss the intersection of transfer tax with enforcement in distressed real estate in New York and California in the latest Swimming Lessons Series presentation.
Here are some significant environmental and regulatory rulings and administrative actions from December 2020. THE U.S. SUPREME COURT Texas v. New Mexico On December 14, 2020, the U.S. Supreme Court decided a water rights controversy involving sharing the water of the Pecos River. The 1949 Pecos River Compact provides for…
A recent Chuck E. Cheese decision denies the debtor’s/tenant’s request to defer paying rent after the 60-day “rent holiday.” The Bankruptcy Court applied the “plain language” rule to hold that section 365(d)(3)’s rent holiday cannot be extended. In “Bankruptcy Court Rules Bankruptcy Code Does Not Permit Extended Rent Holiday for Retail…
The Corporate Transparency Act creates a federal beneficial ownership registry for corporations, LLCs and “other similar entities.” The act creates new and unprecedented reporting obligations relating to entity structures commonly used in private real estate development. Colleagues Christian A. Buerger, David L. Miller, Andrew J. Weiner and Aaron R. Hutman discuss the…
As we say goodbye to 2020, we wanted to share our top five most-read articles of 2020 from Gravel2Gavel. The most-read blog posts covered real estate and construction industry trends ranging from proptech trends like blockchain tokenization to COVID-specific rent carveouts and management disclosures to trends and market updates. Our posts…