On January 7, 2021, the Internal Revenue Service (the “IRS”) and the Department of the Treasury released final regulations (the “Final Regulations”) implementing the provisions of Section 1061 of the U.S. Internal Revenue Code…
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/ Finance & Banking, Real Estate - Commercial, Real Estate - Residential, Taxation
The landscape for foreclosures and evictions in New York State is constantly evolving. With the entire State of New York in Phase 4 of New York Forward, the courts have begun to reopen (at least virtually) and certain…
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/ Finance & Banking, Real Estate - Commercial, Real Estate - Residential
On July 6, 2020, Massachusetts entered Phase 3 of its four-phased approach to reopening. The Administration also updated its Sector Specific Workplace Specific Safety Standards for Office Spaces to Address COVID-19, which were…
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/ Commercial Law & Contracts, Labor & Employment Law, Real Estate - Commercial
On June 11, 2020, the U.S. Treasury Department released highly anticipated proposed Treasury Regulations on like-kind exchanges under Section 1031 (the “Proposed Regulations”). The Proposed Regulations provide much-needed…
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/ Finance & Banking, Real Estate - Residential, Taxation
On Monday New York City entered Phase 1 of re-opening. Phase 1 guidance provides specific guidelines relating to construction, manufacturing, whole trade and select retail (for curbside pickup only), agriculture, forestry and…
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/ Commercial Law & Contracts, Construction Law, Labor & Employment Law, Real Estate - Commercial, Real Estate - Residential
In late May, guidance for Phase 2 of Governor Cuomo’s New York Forward re-opening plan was issued. New York City is expected to enter into Phase 1 on June 8th, and thereafter Phase 2, provided certain thresholds are satisfied…
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/ Commercial Law & Contracts, Real Estate - Commercial, Real Estate - Residential
On May 26, 2020, Mayor de Blasio signed into effect N.Y.C. Council Int. No. 1932-A (2020). The law amends NYC administrative code by rendering unenforceable provisions in commercial leases providing for personal guaranties by…
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/ Commercial Law & Contracts, Finance & Banking, Real Estate - Commercial
Update: On May 20, 2020, Chief Administrative Judge Marks issued Administrative Order 111/2020 announcing that e-filing through the NYSCEF system, including the filing of new non-essential matters, will be restored state-wide as…
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/ Administrative Law, Finance & Banking, Real Estate - Commercial, Real Estate - Residential
On May 18, 2020, the Baker-Polito Administration revealed its four-phased approach to reopening the Massachusetts economy and getting people back into the workplace in a safe manner, all while gradually easing social…
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/ Commercial Law & Contracts, Construction Law, Labor & Employment Law, Real Estate - Commercial, Real Estate - Residential
COVID-19 has flipped the landlord-tenant relationship on its head. Although evictions and recovering possession are off the table for now, landlords are eventually entitled to their full rent payments and are not necessarily…
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/ Finance & Banking, Real Estate - Commercial, Real Estate - Residential
In this two part series we will explore the various state-wide and local regulations in place governing the landlord-tenant relationship in California as well as practical guidance for both parties. In Part One we will begin by…
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/ Finance & Banking, Real Estate - Commercial, Real Estate - Residential
Recent Executive Orders by New York Governor Cuomo and Administrative Orders by the New York State courts effectively have stayed the enforcement of residential and commercial evictions and foreclosures in New York through June…
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/ Finance & Banking, Real Estate - Commercial, Real Estate - Residential
The United States Supreme Court’s April 23 decision in County of Maui v. Hawai’i Wildlife Fund (https://www.supremecourt.gov/opinions/19pdf/18-260_i4dk.pdf) proves that legislating is best done by the Congress, not the Courts…
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/ Environmental Law, Zoning, Planning & Land Use
Today, April 20, 2020, Governor Charles Baker signed into law an act providing for a moratorium on evictions and as well as foreclosures of residential property (the “Act”) during the pendency of Massachusetts’ COVID-19…
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/ Finance & Banking, Real Estate - Commercial
The interruption to business-as-usual in the commercial real estate industry brought about by the COVID-19 pandemic has been unprecedented and, while hopefully only temporary, the full extent of the impact may not be entirely…
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/ Commercial Law & Contracts, Constitutional Law, Insurance, Real Estate - Commercial
