A deed in lieu of foreclosure (also known as a deed in lieu) is a deed instrument that conveys title of a property encumbered by a mortgage, to the mortgagee, usually in full satisfaction of the obligation secured by the … Continue reading →
The rise in remote work, the resurgence of air travel, inflation-driven price-consciousness, government funding for infrastructure projects and higher labor costs for full-service hotels have contributed to an increase in demand for extended-stay hotels. In response, many of the major … Continue reading →
George Mason University (“GMU” or “Mason”) has acquired the 26,482sf office building located at 3300 Fairfax Drive in Arlington’s Virginia Square neighborhood. The Fairfax-based public university paid $8,250,000 for the thirty-seven-year-old, three-story property, according to public records. As reported in … Continue reading →
According to a U.S. Department of Justice (DOJ) press release, the DOJ and the Federal Trade Commission (FTC) have released a draft update of the Merger Guidelines (the “Draft Guidelines”), which describe and guide the agencies’ review of mergers and … Continue reading →
The Business of Fashion reports that fashion retailer H&M will launch stores and online trade in Brazil in 2025. H&M will partner with Dorben Group to support its expansion in the South American country, according to the report. The size … Continue reading →
Struggling with dollar scarcity, the Central Bank of Argentina (BCRA) announced on June 29 that it has incorporated the renminbi yuan as an accepted currency for deposit-taking in savings banks and checking accounts, enabling financial entities to open bank accounts … Continue reading →
A new law, which goes into effect on July 1, 2023, instructs the Director of the Department of Housing and Community Development to develop and operate a Virginia Residential Sites and Structures Locator database “to assist localities in marketing any … Continue reading →
According to LegiScan, House Bill 2127 (known as the “Texas Regulatory Consistency Act”) was signed into law by Gov. Greg Abbott on June 14 and will go into effect on September 1. According to the bill text, “[t]he purpose of … Continue reading →
The New York legislature passed the LLC Transparency Act (Bill No.: A03484A) on June 20. According to the Bill Memo, the bill aims to end the practice of anonymous ownership of limited liability companies in New York by defining beneficial … Continue reading →
Minimum Energy Efficiency Standards (MEES) are regulations requiring a minimum energy efficiency standard to be met before properties in England and Wales can be leased or sold. The standards are measured by an energy performance certificate (EPC) rating. According to … Continue reading →