On July 12, 2024, a bipartisan bill was introduced in the U.S. House of Representatives titled the “Revitalizing Downtowns and Main Streets Act” (H.R. 9002) (the “Bill”), which, if enacted, will provide an investment tax...more
8/6/2024
/ Bipartisan Budget ,
Construction Project ,
Housing Developers ,
Housing Market ,
Investment Tax Credits ,
Proposed Legislation ,
Real Estate Development ,
Regulatory Agenda ,
Residential Property Owners ,
State and Local Government ,
Tax Credits ,
Urban Planning & Development
The District of Columbia’s office market, particularly Class B and C properties, is facing a calamity of epic proportions with occupancy, revenues, and valuations plummeting. Like other municipalities facing similar office...more
Seyfarth Synopsis: Montgomery and Anne Arundel Counties in Maryland are increasing their recordation and transfer taxes, while 2019 increases to recordation and transfer taxes in the District of Columbia are set to expire....more
This week saw a plethora of activity to support federally related loan programs affecting commercial real estate. Below is a summary of the applicable guidance, announcements and proposed laws....more
3/27/2020
/ CARES Act ,
Compliance ,
Coronavirus/COVID-19 ,
Eviction ,
Fannie Mae ,
Financial Reporting ,
Financial Statements ,
Forbearance Agreements ,
Foreclosure ,
Freddie Mac ,
Lenders ,
Liquidity ,
Loan Servicing ,
Moratorium ,
Mortgages ,
Proposed Rules ,
Relief Measures ,
State and Local Government ,
Student Loans ,
Tenants
As has been announced, the cost of real estate transactions involving commercial property located in the District of Columbia will increase significantly as of October 1, 2019, but not necessarily for multifamily properties....more
New regulations proposed by the District of Columbia affect the recordation tax exemptions for purchase money deeds of trust not recorded simultaneously with the deed, deeds of trust recorded to refinance construction loans...more