On October 23, 2020, CRE Worldwide filed a lawsuit against Thai Tanic (now Ammathar) et al. and the owners of 1326 14th NW (Michael Askarinam and Vahid (“Tony”) Askarinam). The matter concerns the alleged breach of a brokerage representation agreement … Continue reading →
RentPath Holdings, the owner of Rent.com and ApartmentGuide.com, has terminated its $588M deal to be acquired by CoStar, according to Bisnow. The Federal Trade Commission (FTC) filed a complaint in November to block the move on antitrust grounds, One could … Continue reading →
In recent years, company voluntary arrangements (CVAs) have been used to restructure the leases of struggling retailers and restaurants. Under United Kingdom insolvency law, a CVA is a legally binding agreement between a company that is either insolvent or has … Continue reading →
A material adverse event clause in a contract addresses the possibility of the occurrence of an unexpected change in circumstances (sometimes termed an “act of God”) that could significantly reduce the value of a company or cause a decline in … Continue reading →
The Tax Cuts and Jobs Act of 2017 (TCJA) abolished three nonresidential real property categories (qualified leasehold improvement property, qualified restaurant property and qualified retail improvement property) and replaced these categories with a broader category known as qualified improvement property … Continue reading →
J.C. Penney Company Inc. is in discussions Wells Fargo & Co., Bank of America Corp. and JPMorgan Chase & Co. This surgical process keeps generic vs viagra check out for info the organ firm but bendable that it can react … Continue reading →
Industrial conglomerate 3M has filed a lawsuit in the Southern District of New York against N95 respirator distributor Performance Supply, LLC alleging trademark infringement. According to the complaint, Performance Supply (which is not an authorized distributor of any 3M products … Continue reading →
Internal Revenue Code Section 1031 allows an investor to defer the capital gains tax from the sale of real estate when similar parcels are swapped and no gain or loss is realized. The investor must identify the replacement property(ies) (using … Continue reading →
On April 7, four small business clients of Bank of America filed a lawsuit in the U.S. District Court for the District of Maryland challenging Bank of America’s gating policy that restricts customers’ eligibility to apply with the bank for … Continue reading →
A stock buyback occurs when a company buys back its shares in the open market. The move causes the repurchased shares to be absorbed by the company thus reducing the number of shares that trade publicly and increasing the relative … Continue reading →