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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,...
|Deed Was Not Effective When Husband Put It in a Cabinet|
Richard H. Topaz; Gordon Feinblatt LLC;
November 14, 2014, previously published on November 2014In Daniels v. Daniels, 217 Md. App. 406, 94 A.3d 121 (2014), the Court of Special Appeals held that constructive delivery of a deed did not occur where the grantor kept the executed deed in a filing cabinet, and therefore maintained control over the deed such that he could revoke or destroy it.
|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...
|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...
|Fannie Mae Releases IDOT Recordation Tax Escrows|
Edward J. Levin, Seth M. Rotenberg; Gordon Feinblatt LLC;
November 14, 2014, previously published on November 2014Fannie Mae has recently authorized the release of funds held in escrow to pay the recordation taxes on indemnity deeds of trust (“IDOTs”) because of the determination that such taxes will never be due from the lenders under the circumstances for which the escrows were established.
|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.
|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.
|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...