Understanding Real Estate Finance: In a Down Market, Investors May Find Surprising Opportunities
The COVID-19 pandemic has created significant uncertainty for commercial and residential real estate investors. In June alone, commercial mortgage-backed securities saw their largest-ever one-month surge in delinquencies, according to Fitch...
For the Alternative Investment Industry, Uncertainties and Opportunities Arise in COVID’s Wake
As with the public markets, the alternative investment industry has been buffeted by uncertainty since the onset of the COVID-19 pandemic and the economic turmoil that has accompanied it. With the first half of the year now past, a clearer picture...
New Limitations on Restrictive Covenants in Virginia
A new Virginia Code section—40.1-28.7:7, which goes into effect on July 1, 2020—greatly reduces the scope of non-competes and even non-solicitation agreements in Virginia. For any proposed employment agreements effective July 1 or later, an...
Opportunity Zones May Change in Wake of COVID-19
The COVID-19 outbreak is prompting proposed changes to Opportunity Zones, which allow investors to defer and lower capital gains taxes through 2026 by investing their profits in areas coping with unemployment, lower wages and community blight. In...
SEC Proposes Changes to Exempt Offerings to Promote Capital Formation
The Securities and Exchange Commission has proposed a series of amendments designed to simplify, harmonize, and improve the exempt offerings framework for issuers and investors, and to promote the capital creation opportunities offered via...
How Property Owners Can Build a Strong Construction Contract
For property owners and developers, the most important first step on any construction project may be hammering out a contract with their builders or contractors. Even for owners and developers who engage an owner’s representative on a project, it...