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HTMLSBA Partners with NCUA and Credit Unions to Expand Access to Loans
Scott A. Chernich, Steven L. Owen; Foster, Swift, Collins & Smith, P.C.;
Legal Alert/Article
April 9, 2015, previously published on March 25, 2015
Credit union members will soon have greater access to capital to start or expand a small business thanks to a joint initiative of the U.S. Small Business Administration ("SBA") and the National Credit Union Administration ("NCUA").

 

HTMLPending Real Estate Legislation in the Ohio Legislature
Kohrman Jackson Krantz PLL;
Legal Alert/Article
April 8, 2015, previously published on March 23, 2015
Spring is finally in the air and that means, among other things that the Ohio Legislature (https://www.legislature.ohio.gov/) is in session. The bills of the 131st General Assembly pending in the Ohio House and Ohio Senate related to real estate are as follows:

 

HTMLWould You Like a Side of Fries With That Banking Services? Permitted Use Provision in Mall Leases
Albert Lin; McCarthy Tétrault LLP;
Legal Alert/Article
April 8, 2015, previously published on January 27, 2015
One critical factor in the success of a multi-tenant retail centre is the ability to entice tenants occupying different niches in the consumer product market to foster an ecosystem of goods and services attractive to the target consumers. The permitted use provision is a critical tool available to...

 

HTMLLegal Warranties: When Selling Real Estate in Québec, Silence Will Be Used Against You in a Court of Law
Sébastien Thomas; McCarthy Tétrault LLP;
Legal Alert/Article
April 8, 2015, previously published on April 6, 2015
One not familiar with the special set of rules outlined in the Civil Code of Québec (the “Civil Code”) will likely be in for a big surprise when selling real estate assets in La Belle Province: if the contractual documentation does not expressly exclude the legal warranties...

 

HTMLToronto’s Development Permit System: Reset TO
Mary Lee; McCarthy Tétrault LLP;
Legal Alert/Article
April 8, 2015, previously published on February 4, 2015
On July 11, 2014, the City of Toronto amended its Official Plan policies to permit development permits to be used to regulate land use throughout the City. Through OPA 258, all of the City is now designated as a development permit area.

 

HTMLRelief From Forfeiture: An Equitable Second Chance for Commercial Tenants
Aidan Cameron, Patrick Williams; McCarthy Tétrault LLP;
Legal Alert/Article
April 8, 2015, previously published on February 17, 2015
Breaching a lease may result in a tenant forfeiting its right to use and occupy the leased premises. Even where that happens, courts have a discretion to grant relief from forfeiture under section 24 of the Law and Equity Act if such relief would be fair and just in the circumstances. The recent BC...

 

Adobe PDFGerman Merger Control: German Federal Cartel Office Provides Detailed Guidance on its Analysis of Residential Real Estate Transactions
Axel Beckmerhagen, Juan Rodriguez; Sullivan & Cromwell LLP;
Legal Alert/Article
April 1, 2015, previously published on March 3, 2015
On 28 January 2015, the German Federal Cartel Office (“FCO”) approved the acquisition of Luxembourglisted Gagfah S.A. (“Gagfah”) by German-listed Deutsche Annington Immobilien SE (“Deutsche Annington”). The FCO’s approval of this transaction paves the way...

 

Adobe PDFBuyer Beware: City of San Diego Requires a Second Historic Review of Fully Entitled Projects
Evelyn F. Heidelberg; Procopio, Cory, Hargreaves & Savitch LLP;
Legal Alert/Article
March 31, 2015, previously published on January 2015
So you’re under contract to purchase a property with a tentative map and other entitlements issued by the City of San Diego in the mid-2000s, the life of which has been extended by state law and City ordinances enacted during the Great Recession. A structure on the property is more than 45...

 

HTMLImportant Alert for Commercial Owners/Landlords and Brokers/Agents: Changes to California Dual Agency Disclosure Laws Effective January 1, 2015
Lydia Lake, Pamela L. Westhoff; Sheppard, Mullin, Richter & Hampton LLP;
Legal Alert/Article
March 30, 2015, previously published on March 2, 2015
Effective January 1, 2015, California law requires real estate brokers and agents to provide their clients and prospective clients with specific new disclosures, including (1) an initial disclosure form regarding the nature of agency relationships, which is typically provided at the time a listing...

 

HTMLSacramento Kings Win Again; Second CEQA Challenge Rejected
Shadi Mahmoudi, Maria Pracher; Sheppard, Mullin, Richter & Hampton LLP;
Legal Alert/Article
March 27, 2015, previously published on March 10, 2015
The Court of Appeal for the Third Appellate District of California has ruled in favor of the City of Sacramento with regard to a series of challenges brought under CEQA to certification of an EIR and approval of a project to build a new arena in downtown Sacramento. The project involves a...

 


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