Perspectives on Real Estate

Arent Fox is pleased to announce that Real Estate and Corporate Partner Kelli Scheid Smith has been named among the 2021 “Top Women Lawyers” in California by the Daily Journal as a result of her impressive track record of success on behalf of clients as well as her efforts in the pro bono arena.

Chambers USA: America’s Leading Lawyers for Business has recognized 42 Arent Fox LLP attorneys as leaders in their field.

The goal of a real estate transaction is generally to achieve a transfer of real property mutually sought by buyer and seller. But as a recent arbitration win secured by Arent Fox illustrates, a go-to litigator is sometimes required to address disputes involving real estate deals.

Universities looking to enter into P3 transactions with private partners to monetize existing facilities or as part of a strategy to finance capital improvement plans may be surprised to learn, on occasion, that their proposals don’t qualify as infrastructure from their investors’ perspectives.

On April 15, Congressional Bancshares, Inc. announced the successful closing of a $345 million private placement of its common stock.

Arent Fox Partner Kirsten Hart and Associate Shahiedah Shabazz will speak at The Seminar Group’s, “Cannabis and Hemp – Business Considerations” Seminar

In an eagerly anticipated action, the Biden Administration announced yesterday the $2.25 trillion dollar “American Jobs Plan,” the first part of the Administration’s Build Back Better Plan. 

The Government Finance Officers Association’s (GFOA) Executive Board approved several best practices and advisories this month, including GFOA’s Best Practice on Issuing Taxable Debt.

Effective as of February 23, 2021, the American Land Title Association (ALTA) and the National Society of Professional Surveyors (NSPS) have, once again, updated the Minimum Standard Detail Requirements for ALTA/NSPS Land Title Surveys.

The Biden Administration’s initial efforts include actions and goals designed to benefit the construction industry, either through Executive Orders or proposed legislative relief packages. Here is a summary of key announcements.

Schiff Hardin represented its long-standing client Tuthill Corporation, in the sale of its Tuthill Vacuum and Blower Systems division to Ingersoll Rand Inc. for $184 million dollars, completed January 31, 2021.

DC Superior Court Judge Anthony Epstein ruled on December 16, 2020, that the District’s ban on the filing of new eviction cases during the public health emergency is unconstitutional.

AFC Gamma’s SEC filing illustrates the importance of proper risk assessment and adequate risk factor disclosures to investors in the rapidly-shifting regulatory landscape of cannabis production, sales, and lending.

On November 25, 2020, a New York federal court ruled in Melendez v. The City of New York, No. 20-CV-5301 (S.D.N.Y.) denying an injunction and declaring constitutional NYC Council’s newly enacted anti-harassment and guaranty laws that protect commercial and residential tenants.

Arent Fox is pleased to announce that Real Estate and Corporate Partner Kelli Scheid Smith has been named among the 2020 “Top Women Lawyers” in California by the Daily Journal.

Twenty-four Arent Fox LLP practices have been recognized in the 2021 “Best Law Firms” rankings that are published annually by US News & World Report and Best Lawyers.

Effective October 30, 2020, the Federal Reserve updated its Term Sheets and Frequently Asked Questions (the “Updated FAQs”) describing the Main Street Lending Program (the “Program”) to expand the number of businesses that may be eligible to borrow under the Program.

Schiff Hardin LLP is pleased to announce that seven lawyers have been recognized on the 2020 New York Metro Super Lawyers and Rising Stars lists.

With precautions still in place to combat the COVID-19 pandemic that limit access to government buildings and promote social distancing, on September 23, 2020, Governor Gavin Newsom issued Executive Order N-80-20.

Schiff Hardin LLP is pleased to announce that 59 attorneys have been listed in the 2021 edition of The Best Lawyers in America, with six attorneys also being named a “Lawyer of the Year” in their respective areas of practice and location.

Since the COVID-19 pandemic began, real estate owners and tenants have faced unprecedented day-to-day operational challenges from the loss of business and income. Two new real estate lawsuits seek to address these issues.

Real Estate Partner Bryson Filbert, Counsel Jeff Mitchell, and Associate Angela Fuccillo represented FCP in a joint venture to acquire the Tides at South Tempe, a 422-unit apartment complex in Tempe, Arizona. The $71.5 million acquisition is the company’s first investment in the Arizona market.

Effective June 20, 2020, the Federal Reserve updated its Term Sheet and Frequently Asked Questions (the “Updated FAQs”) describing the Main Street Lending Program (the “Program”) to expand the number of businesses that may be eligible to borrow under the Program.

The 2020 edition of Legal 500 US has rated 43 Arent Fox LLP attorneys as national leaders in their field. In addition, 14 of the firm’s practice areas were ranked among the best in the country.

On June 8, 2020, Mayor Bowser signed the Coronavirus Support Congressional Review Emergency Amendment Act of 2020 (the Act), which the Council of the District of Columbia had unanimously approved on May 19, 2020. The Act is now in effect for 90 days (i.e., until September 6, 2020).