If the days of “extend and pretend” actually come to an end for commercial real estate loans this year, there will be a greater focus on investors’ rights to information regarding troubled properties.
New York’s recreational cannabis industry has the potential to be a multibillion-dollar industry.Yet, in the first year of legality, New York cannabis is struggling to generate the expected tax revenues for the state government, with a meager $70 million in
The FTX bankruptcy proceeding has become tangled with the criminal trial of Sam Bankman-Fried, following a path forged by some of the largest bankruptcies and frauds of the past such as Enron, Adelphia, and Madoff. Joseph Cioffi, Insolvency +
Adverse market conditions and lower valuations are creating litigation risks for commercial real estate (CRE) deal parties, particularly in the office sector. At the same time, opportunities exist for refinancing and a rebound in value where regulations can be eased
Though cannabis’ status as a Schedule 1 controlled substance has hampered the industry’s ability to fully integrate into the digitally dominated payment world, with credit card issuers refusing to process cannabis transactions, cannabis businesses have historically been able to enjoy
“The market is resilient” was the mantra throughout the pandemic. Now that the Federal Reserve is at an inflection point on interest rate hikes and the pause on student loan payments is set to end after three years of relief,
Rising interest rates and post-pandemic trends have put pressure on valuations in the commercial real estate market in the United States, potentially triggering defaults and a rise in litigation over control rights in CMBS. Joseph Cioffi was quoted throughout the
An inescapable result of high interest rates and post-pandemic trends is downward pressure on commercial real estate valuations, especially in the office sector. Given commercial mortgage-backed securities and other deal structures in which control of the loan rests with the
Joseph Cioffi was interviewed for an Auto Remarketing podcast episode, “Talking Compliance and Risk with Davis+Gilbert Partner Joseph Cioffi.“
