Commercial real estate legislative and regulatory issues impacting commercial real estate businesses and properties, plus advice on how to navigate the industry's pressing legal topics.
The CEC Entertainment case shows that bankruptcy courts may be willing to grant debtors extraordinary relief in light of the ongoing pandemic, but only if there is some contractual basis to do so.
The pandemic left the house's tenants unemployed and unable to pay rent, Gaber wrote. But landlords repeatedly demanded the tenants pay the rent or move out, according to the complaint, and in July, the situation escalated.
The future majority of the US Senate, which will be determined by run-off elections in Georgia, will ultimately determine some hot button topics for CRE.
The new regulations address several key issues regarding the income averaging option that LIHTC properties use to serve residents making up to 80% of the median area income.