It appears real estate brokers in the District will be able to breathe a sigh of relief after the US Court of Appeals for the DC Circuit vacated and remanded a district court’s finding that a brokerage firm failed to properly...more
7/26/2023
/ Appeals ,
Brokers ,
Buyers ,
Disclosure ,
Landlords ,
Real Estate Brokers ,
Real Estate Transactions ,
Remand ,
Sellers ,
Tenants ,
Vacated
Although the emergence of virtual “real” estate in the metaverse presents a unique opportunity for the commercial real estate industry, there are risks associated with virtual real property....more
In the six months since Facebook, Inc. rebranded to Meta Platforms, Inc., the idea of the “metaverse” has catapulted from a little-known science fiction fantasy to the forefront of popular culture. This year, digital real...more
On January 18, 2022, an amendment to Bill 24-612 (legislation that would extend the eviction moratorium in DC until June 30, 2022) (the "Amendment") was introduced to the DC Council that proposed tolling tenant deadlines...more
2/11/2022
/ Amended Legislation ,
Deadlines ,
Eviction ,
Landlords ,
Moratorium ,
Public Health Emergency ,
Real Estate Transactions ,
Rental Property ,
Right of First Refusal ,
State Legislatures ,
Tenant Opportunity to Purchase (TOPA) ,
Tenants ,
Tolling Provisions
On Tuesday, July 13, DC lawmakers unanimously approved emergency legislation known as the Public Emergency Extension and Eviction and Utility Moratorium Phasing Emergency Amendment Act of 2021 (the legislation) that will...more
DC Superior Court Judge Anthony Epstein ruled on December 16, 2020, that the District’s ban on the filing of new eviction cases during the public health emergency is unconstitutional.
The decision does not allow evictions...more
Effective June 20, 2020, the Federal Reserve updated its Term Sheet and Frequently Asked Questions (the “Updated FAQs”) describing the Main Street Lending Program (the “Program”) to expand the number of businesses that may be...more
6/24/2020
/ Assisted Living Facilities (ALFs) ,
Borrowers ,
Economic Injury Disaster Loans ,
Federal Reserve ,
Interest Rates ,
Loan Forgiveness ,
Main Street Expanded Loan Facility ,
Main Street Lending Programs ,
Main Street New Loan Facility ,
Main Street Priority Loan Facility ,
Operators ,
Paycheck Protection Program (PPP) ,
Property Owners ,
Senior Housing
On June 8, 2020, Mayor Bowser signed the Coronavirus Support Congressional Review Emergency Amendment Act of 2020 (the Act), which the Council of the District of Columbia had unanimously approved on May 19, 2020. The Act is...more
6/15/2020
/ Commercial Tenants ,
Coronavirus/COVID-19 ,
Eviction ,
Foreclosure ,
Landlords ,
Lenders ,
Moratorium ,
Mortgages ,
Public Health Emergency ,
Real Estate Market ,
Tenants
On May 19, 2020, the Council of the District of Columbia unanimously approved the Coronavirus Support Emergency Amendment Act of 2020 (the “Act”), which consolidates the four previous emergency acts adopted by the Council,...more
In response to public feedback to the initial terms of the Main Street Lending Program (the “Program”), the Federal Reserve Board announced on April 30, 2020, an expansion of the loan options available to businesses and an...more
Bill Includes Protections for Commercial Retail Tenants and Landlord Requirements -
On May 5, 2020, the Council of the District of Columbia unanimously approved another bill in response to the ongoing COVID-19 crisis, the...more
As we noted previously, on April 7, 2020, the Council of the District of Columbia (the “Council”) unanimously passed the COVID-19 Response Supplemental Emergency Amendment Act of 2020 (the “COVID-19 Supplemental Act”). This...more
Many senior living owners and operators have found that the Payroll Protection Program loan program either provides insufficient support to them or that they are ineligible for PPP loans. PPP loans are sized to only cover...more
Payroll Protection Program loans may not be sufficient to bail out cash-strapped hotel operators. The current limits hold that PPP loans will only fund payroll and other expenses for up to eight weeks (depending on the loan...more
On April 7, 2020, the Council (the “Council”) of the District of Columbia unanimously passed the COVID-19 Response Supplemental Emergency Amendment Act of 2020 (the “COVID-19 Supplemental Act”). Because this is emergency...more
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provides, among other things, immediate eviction relief for certain residential tenants, but does not address relief for commercial tenants.
Other states...more