Maryland taxes on refinancings to increase – the end of (new) "IDOTS" by Saul Ewing LLP on 5/23/2012 On May 22, 2012, Maryland's Governor O'Malley signed legislation mandating that indemnity mortgages and indemnity deeds of trust will be subject to recordation taxes. Property owners now have just over a month to refinance...more
In Florida Real Estate, The Question is Where to Invest - Not If, or When: Toll Brothers, NuWire Give Their Views on Top Florida... by Rosa Eckstein Schechter on 5/23/2012 Looks like Florida is getting popular in real estate investment circles again. Builders are building, planning to build, looking for places to build. It's an amazing thing to consider, given the past few years of dire...more
Commercial Real Estate Bounced Back in 2011 According to New Study by NAIOP Research Foundation: News Release of the Week by Rosa Eckstein Schechter on 5/22/2012 Last week, we highlighted news from Florida Realtors that its research projections were optimistic for the future of both the housing industry and the banking industry. This week, we find even more good news reported by the...more
Whalen: Too Much Regulation Caused JP Morgan $2 Billion Loss [Video] by Bloomberg Law on 5/17/2012 May 17 (Bloomberg Law) -- Last week JP Morgan Chase acknowledged a trading loss of at least $2 billion, fueling calls by some observers for more regulation of financial institutions. Chris Whalen, a Senior Managing Director...more
Innovations and Opportunities in Energy Efficiency Finance by Wilson Sonsini Goodrich & Rosati on 5/16/2012 The purpose of this white paper is to discuss key concepts in energy efficiency finance, with a focus on emerging solutions to long-standing barriers to financing projects in the United States, as well as the specific...more
Florida Housing Industry: What Will the Future Hold? Experts Are Forecasting Growth in Rental Properties and Downsizing Lifestyles by Rosa Eckstein Schechter on 5/16/2012 Florida's housing industry has been one of the hardest hit in the country, and what happens to Florida housing markets impacts both residential and commercial real estate developments as well as many other sectors of the...more
Final 2011 Cook County Equalization Factor Released by Franczek Radelet P.C. on 5/14/2012 The Illinois Department of Revenue has released the final 2011 Cook County equalization factor. The factor for 2011 is 2.9706. The press release from the Department of Revenue is available here. The preliminary...more
Innovation In Securitization Is Here: And It's About Time! by Dechert LLP on 5/8/2012 Rialto Capital – Series 2012-LT1 is a done deal. It represents a huge innovation in commercial real estate structured finance. This is the first liquidating trust vehicle successfully securitized in the United States since...more
Voluntary Payments in Lieu of Taxes a Growing Trend Nationwide by Franczek Radelet P.C. on 5/8/2012 As local governments continue to search for additional sources of revenue in times of fiscal uncertainty, a little known but long-standing mechanism is getting renewed attention. The concept of payments in lieu of taxes,...more
Iraq Perspectives - May 2012 by Pillsbury Winthrop Shaw Pittman LLP on 5/4/2012 In This Issue: - Introduction to Iraq Perspectives - Project Finance in Iraq, Part 1: Project Ownership - Iraq’s National Investment Commission Excerpt from Project Finance in Iraq, Part 1... Iraq is...more
Ten things to know when acquiring a serviced apartment hotel portfolio in Australia by Baker & McKenzie Australia on 5/2/2012 In this newsletter, we highlight 10 issues relevant to the potential acquisition of a portfolio of serviced apartment management businesses in Australia. We have concentrated on issues that will have relatively universal...more
Title Companies Limit Ability to Use Deed-in-Lieu as a Remedy by Kilpatrick Townsend on 4/17/2012 It has come to our attention that Fidelity National Title Insurance Company, First American Title Insurance Company, Stewart Title Insurance Company and Old Republic Title Insurance Company will no longer issue title...more
Miami Real Estate Attorney Rosa Schechter Gives Evidence of Rebounding Florida Real Estate Market by Rosa Eckstein Schechter on 4/17/2012 Florida real estate development lawyer Rosa Eckstein Schechter says growing media excitement over Florida’s economic future can be supported with concrete examples of blossoming growth in several markets and a variety of...more
Budget 2012 – Stamp Duty Land Tax Reform by McDermott Will & Emery on 4/13/2012 The UK Government Budget announced by Chancellor George Osborne on 21 March 2012 (the Budget) makes substantial changes in relation to the structure of stamp duty land tax (SDLT). The UK Government Budget announced by...more
Real Estate Law Alert: You Don't Have to be a 'Bad Boy' to be Liable Under a 'Bad Boy' Guaranty by Ruskin Moscou Faltischek on 4/12/2012 "Bad boy" guaranties in commercial real estate loans have been commonplace for many years. However, neither guarantors, nor lenders expect guarantors to incur liability unless a "bad boy" act is actually committed. Two recent...more