Posted

“With little to no revenue at many locations, retail debtors have found it difficult during the COVID-19 pandemic to comply with Bankruptcy Code Section 365(d)(3)’s requirement that a debtor timely perform post-petition lease obligations while it decides whether to assume or reject a lease. However, given the pandemic’s lasting impact, and related governmental orders that have affected operations, revenues, and the ability to pay rent, retail debtors have considered legal strategies for obtaining, over the objections of landlords, extensions of the initial 60-day rent suspension already afforded by Section 365(d)(3). While a few retail debtors have been successful, one was not in In re CEC Entertainment.”

To read the full article written by colleagues Patrick J. PotterPatrick E. FitzmauriceBrian L. Beckerman, and Kwame O. Akuffo click here.

Source: Journal of Bankruptcy Law

Posted

graphic, light blue scales on darker blue

This is a brief review of some of the significant environmental (and administrative law decisions) released the past few weeks.

THE U.S. SUPREME COURT

On April 22, 2021, the Court decided two important administrative law cases: Carr, et al. v. Saul and AMG Capital Management v. Federal Trade Commission.

Continue Reading ›

Posted

Late last week a federal district court judge for the District of Columbia held that the nationwide eviction moratorium issued by the Centers for Disease Control and Prevention (CDC) went beyond the agency’s statutory authority and vacated it nationwide. This decision effectively expanded a similar decision by a Texas federal court last month that found the CDC’s moratorium was an improper use of federal power but limited its decision to the litigants to that case and declined to vacate the CDC order.

Continue Reading ›

Posted

In episode # 30 of Industry Insights podcast, Christian Salaman returns to join host Joel Simon to provide insights on the current recovery of the hospitality industry, the latest trends for owners and managers and the impact across other asset classes like senior residences and student housing.Industry_Podcast_cover-update-final-bottom Continue Reading ›

Posted

The Real Estate and Construction industry may be huge, but ultimately, as with all industries, it comes down to the people who help make it all come together. From time to time, we like to profile some of those people.

Nik-Bandak-RT-900-225x300Nik Bandak is the president of Bandak Project Management, a company he started in June of 2020 after a good deal of external pressure from friends, clients and his network. Nik’s career path began not long after graduating from Saint Mary’s College of California in 2008 with a degree in financial services. Nik worked in the Bay Area as a laborer, carpenter, project manager and then estimator with a concrete subcontractor. Realizing he wanted international experience, Nik moved to the United Arab Emirates to work for Bechtel on the Khalifa Port and Industrial Zone. After getting engaged, Nik and his future wife, Kelly, decided to move back to Southern California where he was hired in the Construction Management division of a small San Diego-based commercial real estate firm. Nik, Kelly and their twin sons currently live in Southern California.

Continue Reading ›

Posted

In “Uniwest And Virginia’s Anti-Indemnification Statute: The Trap For The Unwary Should Be Closed” in the pages of Virginia Lawyer, colleague Jamie Bobotek recently examined why it is time for Virginia’s General Assembly to correct the uncertainty created by its anti-indemnification statute’s ambiguous language.

Posted

Industry_Podcast_cover-update-final-bottom

In episode #29 of Industry Insights podcast, Andrew Weiner joins host Joel Simon for the second episode of our two-part examination of the Corporate Transparency Act (CTA). In this episode, Weiner turns his attention to the unanswered questions and ambiguity underlying phrases like “beneficial owner” and “substantial control.”

Continue Reading ›

Posted

The Real Estate and Construction industry may be huge, but ultimately, as with all industries, it comes down to the people who help make it all come together. From time to time, we like to profile some of those people.

R-Poblete-300x171Ryley Poblete is a Senior Designer with global design and architecture firm Gensler, having spent the better part of the last decade working in the company’s Sciences Practice developing a portfolio of work centered around life sciences. An avid runner, urbanist, photographer, artist and policy enthusiast, Ryley can be found, in his spare time, “reading the newest Economist or digging into a project’s context to really define a new piece of architecture in the cities” in which he works. Asked how he’d describe his job to a layperson, Ryley adds, “I work with developers and biotech clients in planning and structuring developments to best suit their situation.”

Continue Reading ›

Posted

In the Spring 2021 issue of AFIRE Summit Journal, Pillsbury New York-based Real Estate partner Andrew Weiner discusses the Corporate Transparency Act and disclosure requirements for non-U.S. based investors. Summit Journal is the official publication of AFIRE, the national association for international real estate investors focused on commercial property in the U.S.

Read Andy’s full take here.