Covid 19 – Residential Real Estate; The Impact Of Covid-19 On Residential Mortage Rates, The Residential Mortgage Market, And The Residential Real Estate Market Generally
The COVID-19 pandemic has broadly impacted the residential real estate industry in both the context of overall market conditions and in the context of the structure and logistics of individual transactions. In February and March of 2020, many state and local governments initially responded to the pandemic by instituting shutdowns that severely limited economic activity…
Read MoreClient Update – The Reopening of the Economy.
Employers across the country are looking towards a time when business operations can return to pre COVID-19 operations. While there is no clear guidance as to when this will occur, many states are beginning to formulate plans to relax workplace restrictions. The following is an update as to the status of economy reopening in Massachusetts, Connecticut,…
Read MoreClient Update – Hotels, Motels & Lodging During and After Covid- 19.
While the Coronavirus has struck all aspects of the economy, hotels and motels are in a unique situation; they are considered an essential service and can stay open but more and more, the economics of staying open are simply not viable. Before widespread implementation of ‘Stay at Home’ orders due to the COVID-19 pandemic, average…
Read MoreClient Update – Wha’s New For Restaurants and Bars in a Post Covid-19 Marketplace.
As various states (and local governments) begin (and continue) lifting or loosing up the stay-at-home restrictions, restaurants and other food and beverage retailers throughout the United States are now dealing with new legal challenges, regulatory compliance and operational impediments. Nearly all restaurants and other food and beverage retailers have taken a substantial hit as a result…
Read MoreClient Update – Warn Act Implications for Covid – 19 Related Layoffs.
With the rapid pace within which the COVID-19 situation unfolded during the prior 6 weeks, employers were caught off guard and not afforded the luxury of careful planning typically associated with layoffs. Now that things have begun to normalize, employers should take care to evaluate which actions may have triggered obligations under the Federal Worker Adjustment…
Read MoreClient Update – Opportunity Zones During the Covid – 19 Pandemic.
The Tax Cuts and Jobs Act, enacted in December 2017, created a national Opportunity Zone program to provide significant Federal tax incentives, including foregoing capital gains taxes, for investors who invest long term in 8,700 historically distressed neighborhoods throughout the United States that have been designated as Opportunity Zones by the Governor of each State…
Read MoreClient Update – Real Estate in the Wake of Covid – 19. Vol. 4 – Construction Projects
Many industries have been upended by the Coronavirus epidemic and the local, state and national government response. Because of the fundamental role real estate plays in our economy and the broad umbrella of activity that falls under the category of “real estate development”, developers, property owners and tenants have been particularly impacted. Landlords, tenants, contractors,…
Read MoreClient Update – What Employers Need to Know About Managing Covid – 19 Infections in the Workplace
In the past month many employers have been forced to learn to manage the COVID-19 threat while continuing operations. Employers that shut down operations are going to be confronted with the same challenges, as they prepare to reopen once government ordered lockdowns are lifted. This alert addresses some recent guidance and regulations issued under federal law. While…
Read MoreClient Update – Adjusting and Adapting Investment Priorities Against The Backdrop of Covid – 19
Apart from the profound human toll COVID-19 has taken, many elements of the economy have, as a result of the pandemic and lockdown, been temporarily “closed for business”. Global supply chains have been disrupted, mergers and acquisitions activity chilled, financing commitments evaporated and investment valuations dropped. While many investors have been anticipating – and amassing…
Read MoreClient Update – Potential Tenant Bankruptcies Looming Large for Commercial Landlords
The retail industry was already hurting badly in 2019 (it was often referred to as a “retailpocalypse”), leading to bankruptcy filings by Model Sporting Goods, Pier 1 Imports, Barneys New York, and Payless ShoeSource, just to name a few… and that was before the COVID-19 pandemic. No industry is immune from the impact of the…
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