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|What is the Impact of Operating as a REIT?|
David H. Godenswager; McDonald Hopkins LLC;
November 9, 2015, previously published on November 3, 2015Recently, Forest City Enterprises, Inc. (“Forest City”) announced that their shareholders approved five measures required for the company’s planned conversion to a Real Estate Investment Trust (“REIT”). Shareholder approval sets the stage for Forest City to elect REIT...
|California Court Upholds a Reduction of Attorneys’ Fees but Reverses a Reduction of Costs|
Jill V. Cartwright; Ogletree, Deakins, Nash, Smoak & Stewart, P.C.;
November 5, 2015, previously published on October 30, 2015In a recent, unpublished opinion Myres v. San Francisco Housing Authority, a California Court of Appeal reversed a trial court’s order reducing the amount of costs a plaintiff had claimed as a result of limited success at trial.
|Efforts to Clarify “Waters of the United States” Halted by Nationwide Stay|
Theodore J. Esborn; McDonald Hopkins LLC;
November 2, 2015, previously published on October 23, 2015Efforts to clarify the definition of “Waters of the United States” by new rules promulgated by the United States EPA (USEPA) and Army Corps of Engineers (ACOE) were dealt a severe blow when United States Sixth Circuit Court of Appeals issued a nationwide stay on the enforcement of those...
|The Heavy Cost of Condominiums Failing to Follow their Governing Documents|
Jeremy M. Colvin; McDonald Hopkins LLC;
November 2, 2015, previously published on August 3, 2015Community associations such as homeowners and condominium associations are endowed with various powers under their by-laws, declarations, and Florida Statutes to compel compliance by the unit owners with their governing rules and regulations. However, the reverse is also true. Under Chapter 718 of...
|Seller Beware! Selling Commercial Real Estate and the Hidden Phase I PSA Trap|
Patrick A. Karbowski; McDonald Hopkins LLC;
November 2, 2015, previously published on October 12, 2015I’m surprised when sellers of commercial real estate say they don’t care whether a potential buyer conducts a Phase I Environmental Assessment (“Phase I”) on their property as part of the buyer’s due diligence, or that they don’t want to “waste any...
|Intermodal Industrial Properties are an Exciting Development and Investment Opportunity|
David H. Gunning; McDonald Hopkins LLC;
November 2, 2015, previously published on October 16, 2015An area of strong real estate investment has been the increasing popularity of intermodal industrial properties. Investors are now collecting premium rents for intermodal properties located near large container-stacking facilities.
|Update on Mandatory Board Training for Montgomery County Community Association Board
Jason Eric Fisher; Lerch, Early & Brewer, Chartered;
October 29, 2015, previously published on October 8, 2015Effective January 1, 2016, all Montgomery County community association board members elected after that date will be required to take basic training in community association management and law from the Montgomery County Commission on Common Ownership Communities (CCOC).
|Potential Landmines for Restaurateurs: Location, Liquor & Loans|
Rosemarie Salguero; Lerch Early Brewer Chartered;
October 22, 2015, previously published on ober 9, 2015There is no better time to be a restaurateur in the Washington, DC metropolitan area. Millennials constantly seek inventive cuisine, whether served at one of the city’s fast-growing, fast-casual hot spots or at an award-winning destination restaurant. Up-and-coming neighborhoods present...
|Update to Illinois Grace Period Notice Needed for Residential Foreclosures|
Casey Hicks; Weltman, Weinberg & Reis Co., L.P.A.;
October 22, 2015, previously published on October 6, 2015Illinois law requires a Grace Period Notice (GPN) be sent to the mortgagor(s) prior to commencing an action to foreclose a mortgage secured by residential real estate.1 The GPN must include the date the notice was mailed, be headed in bold 14-point type, "GRACE PERIOD NOTICE", and include...
|CZMP 2016 Begins in Baltimore County|
Dino C. La Fiandra; Pessin Katz Law, P.A.;
October 22, 2015, previously published on October 12, 2015As this article goes to press, only a few days remain (October 13, 2015) to request a zoning change “online” in the Comprehensive Zoning Map Process (“CZMP”)(For the online application go to:...