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|Site Selection in a Build-to-Suit Project: Should the Land and Developer Be Selected Separately or Together?|
Wesley N. Becker; Foley Lardner LLP;
November 14, 2014, previously published on November 5, 2014Site selection is a critical issue in build-to-suit (BTS) projects. There may be nothing more important to the success of a build-to-suit project than its location. Factors such as the strength of local labor markets, the quality of transportation infrastructure, and the proximity to suppliers,...
|No Actionable Nuisance from Lights Shining On Drive-In Movie|
Edward J. Levin; Gordon Feinblatt LLC;
November 14, 2014, previously published on November 2014In Blue Ink, Ltd. v. Two Farms, Inc. d/b/a Royal Farms, Inc., 218 Md. App. 77, 96 A.3d 810 (2014), the Court of Special Appeals affirmed the order of the Circuit Court for Baltimore County which had set aside a jury verdict finding that the lights at a Royal Farms store in Essex constituted a...
|No Recordation or Transfer Taxes Are Due On the Final Step of a Reverse 1031|
Steven M. Gevarter, Y. Jeffrey Spatz; Gordon Feinblatt LLC;
November 14, 2014, previously published on November 2014Under Section 1031 of the Internal Revenue Code, a taxpayer may exchange one real estate property for another and defer capital gains on the transaction. This is called a “1031 exchange.” A “reverse like-kind exchange” or a “reverse 1031” is where the taxpayer...
|Italian Government Introduces Measures to Stimulate Real Estate Market|
Alessandro Corno, Luca Ferrari, Marco Lombardi, Francesca Tresoldi, Matteo Troni; Jones Day;
November 12, 2014, previously published on October 2014On September 12, 2014, the Italian Council of Ministries enacted Law Decree no. 133 ("Sblocca Italia" (the "Law Decree")). The Law Decree entered into force on September 13, 2014, the day immediately following its publication in the Italian Official Gazette.
|Real Estate, Haunted Houses and Ohio.|
Kohrman Jackson Krantz PLL;
November 12, 2014, previously published on October 31, 2014It seems appropriate on “All Hallows Eve” to see what Ohio real estate law and haunted houses have in common.
|Real Estate Apps For Foreclosure Properties|
Kohrman Jackson Krantz PLL;
November 12, 2014, previously published on October 27, 2014Below is a summary of some of the apps for Apple and Android devices that allow someone to search for homes in foreclosure.
|An Unappealing Proposal: An Obligation to Negotiate in Good Faith?|
Aaron Kempf; Weirfoulds LLP;
November 10, 2014, previously published on October 2014Suppose for a moment that in negotiating a lease, the landlord was required to tell a prospective tenant that it had received no offers in the last six months and that the last one it did receive offered rent of $10 per square foot while the landlord was asking $30 per square foot. Such a...
|Preservation, Patience and Persistence: The Dilemmas of a Litigator in Estates|
Caroline E. Abela; Weirfoulds LLP;
November 10, 2014, previously published on October 2014In Re Estate of Ireni Traitses, Justice David Brown raised the issue of a cost-effective procedure when dealing with a “one house will fight”. Quite often, the estate assets that are the subject matter of litigation relate to just that - some de minimis personal property, small bank...
BSJP Brockhuis Jurczak Prusak Sp.k.;
November 5, 2014It happens in banking practice that a loan is granted in a foreign currency, whereas it follows from the contents of the loan agreement concluded by the parties that both payment of the loan to the borrower and then subsequently its repayment to the lender (bank) are to be effected in the Polish...
|REAL ESTATE TIP - Confusing Precision with Accuracy|
Richard W. Smith; Bernstein Shur;
November 5, 2014, previously published on October 23, 2014In a recent EPA case, Natural Resources Defense Council, v. United States Environmental Protection Agency, a federal circuit court found against the agency’s decision to allow a product’s registration because of a rounding error in numbers with five decimal place precision. Though the...