Commercial Real Estate. Legal news and articles for June 29 - 30, 2016

BUSINESS BRIEFS: Duluth's Thomas Andersen named Lawyer of the YearPeople and Practices: July 4What's at stake for Airbnb, N.Y. hotels and city renters if Cuomo signs bill?New ACBA president, officers, assume posts on FridayNew York City enacts commercial tenant harassment reformWHO'S NEWS: Stephen Jacobs joins Herrick Feinstein, William Barrett named CFO at GFI CapitalCornerstone Real Estate to Buy Ares Commercial's Lending UnitWhole Foods slated (again) for Tempe's Mill Avenue area, near ASURental Trends: Understanding The Rent Increase Laws in Washington, DCDesert Troon sells north Scottsdale offices for $122MEnforceability of Electronic Agreements in Real Estate TransactionsAirbnb in talks for funding that value startup at $30BGE Capital Sheds 'Systemically Important' LabelLarge Conn. Firm Announces Addition of 13 LawyersLand use attorney McDermott elected to partnership at Allen Matkins

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Time Warner Cable Fails to Deliver Promised Internet Speeds, Early Probe Results Show
Wall Street JournalJune 8, 2016

The New York Attorney General's office said preliminary results of an investigation revealed “troubling” evidence of Time Warner Cable's “apparent failure” to deliver New York customers the internet speeds it promises. Tim Wu, special advisor to the ...more »

REITs to drive commercial real estate growth in Morocco
Zawya (registration)June 12, 2016

While return on investment (ROI) on real estate averages around 9% in Casablanca - double the 4.5% average in Paris - investors have been slow to invest in Morocco's commercial capital, as the high level of taxation on investment effectively eliminates ...more »

Commercial Real Estate. News and Stories

BUSINESS BRIEFS: Duluth's Thomas Andersen named Lawyer of the Year
Gwinnettdailypost.comJune 30, 2016

Thomas Andersen, founding partner of Andersen, Tate & Carr in Duluth, is listed in The Best Lawyers in America as Lawyer of the Year for real estate law in Atlanta for 2016, the firm announced in a news release. Andersen specializes in banking and real ...more »

People and Practices: July 4
Minnesota LawyerJune 30, 2016

Kevin Schaekel joined McGrann Shea Carnival Straughn & Lamb, Chartered as an Associate Attorney practicing in the areas of commercial real estate and corporate law. His work includes representation of developers, borrowers, buyers, sellers, landlords, ...more »

What's at stake for Airbnb, N.Y. hotels and city renters if Cuomo signs bill?
New York Business JournalJune 30, 2016

In fact, this legislation gives law enforcement officials additional needed tools to help them enforce laws that are already on the books. As such, it is hard to imagine why the Governor would veto this bill. What will happen to the real estate and ...more »

New ACBA president, officers, assume posts on Friday
Pittsburgh Business TimesJune 30, 2016

She has practiced law for 32 years. Other officers for the 2016-2017 term are Hal Coffey, president-elect; Nicola Henry-Taylor, secretary; and James Mall, treasurer. Coffey, a commercial real estate attorney at Blumling & Gusky LLP, will succeed Rothey ...more »

New York City enacts commercial tenant harassment reform
Amsterdam NewsJune 30, 2016

This week, Mayor de Blasio signed proposed Introduction Number 851-B, an amendment to the New York City administrative code that intends to curtail the harassment of small businesses and other non-residential tenants, into law. “[S]mall businesses in ...more »

WHO'S NEWS: Stephen Jacobs joins Herrick Feinstein, William Barrett named CFO at GFI Capital
Real Estate WeeklyJune 29, 2016

Herrick, Feinstein LLP announced that Stephen C. Jacobs, a senior hedge and private equity fund executive, and former corporate lawyer for three Am Law 100 law firms, has joined the firm as partner and co-chair of the firm's Corporate Department ...more »

Cornerstone Real Estate to Buy Ares Commercial's Lending Unit
BloombergJune 29, 2016

Cornerstone agreed to pay $93 million to purchase the Plano, Texas-based lender from Ares Commercial Real Estate Corp., the buyer said Wednesday in a statement. The deal will ... Proskauer Rose was legal counsel for Ares Commercial. Cornerstone used ...more »

Whole Foods slated (again) for Tempe's Mill Avenue area, near ASU
Phoenix Business Journal (blog)June 29, 2016

Mike Sunnucks writes about residential and commercial real estate, government, law, sports business and workplace issues. Get Contact Information for Whole Foods Market Inc.. Whole Foods Market produce. Enlarge. Whole Foods Market produce.more »

Rental Trends: Understanding The Rent Increase Laws in Washington, DC
ARL nowJune 29, 2016

This biweekly sponsored column is written by the experts at Gordon James Realty, a local property management firm that specializes in residential real estate, commercial real estate and home owner associations. Please submit any questions in the ...more »

Desert Troon sells north Scottsdale offices for $122M
Phoenix Business JournalJune 29, 2016

“Desert Troon Companies used this strategic disposition of assets to continue its targeted value add acquisition strategy.” Mike Sunnucks writes about residential and commercial real estate, government, law, sports business and workplace issues.more »

Enforceability of Electronic Agreements in Real Estate Transactions
JD Supra (press release)June 29, 2016

Notwithstanding the general enforceability of electronic contracts, contracting parties must remain cognizant of the general rules of contract law, including the formal rules associated with valid contract formation, the manifestation of assent and the ...more »

Airbnb in talks for funding that value startup at $30B
The Real Deal MagazineJune 29, 2016

The San Francisco-based company plans to use the funds to ramp up growth, specifically targeting international markets. The new funding round also comes on the heels of a $1 billion debt facility, previously reported by Bloomberg. The San Francisco ...more »

GE Capital Sheds 'Systemically Important' Label
Wall Street JournalJune 29, 2016

GE unloaded more than $30 billion in real estate, including office buildings and hunks of debt, to Blackstone Group and Wells Fargo & Co. The company also sold its North American commercial lending business, which had about $30 blliion in assets, to ...more »

Large Conn. Firm Announces Addition of 13 Lawyers
Connecticut Law TribuneJune 29, 2016

The four new Robinson & Cole attorneys in Connecticut focus on data privacy and security, tax law, employee benefits and real estate, among other areas of law. "Robinson & Cole continues ... commercial real property. Previously, he was an associate in ...more »

Land use attorney McDermott elected to partnership at Allen Matkins
Northern California RecordJune 29, 2016

SAN FRANCISCO – Land use attorney Michelle Moore McDermott was elected to a partnership in real estate and business law firm Allen Matkins' San Francisco office. McDermott is a San Francisco Bay area native and has worked in the area of land use for ...more »

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