Thanks for reading and stopping by. With the launch of my new Compliance Building blog, I have stopped blogging here.
Image by Hashc0de under Creative Commons.
Lights Out
Latest from Real Estate Space
Compliance Building
With my move from Goodwin Procter to be Chief Compliance Officer at a real estate company, I have been using a blog to keep my notes. I have just open up this blog to the public. You can see what
Clash of the Utopias – The Story of Stuyvesant Town
REITs May Pay Dividends in Stock to Save Cash
In a Bloomberg story By Hui-yong Yu, REITs in U.S. Consider Paying Dividends in Stock to Save Cash, many publicly traded REITs may take advantage of a IRS ruling allowing them to pay dividends instead of cash.
On December
Tenant-in-Common Interests are Securities
On January 14, the SEC issued a no-action letter to OMNI Brokerage, Inc., Argus Realty Investors, L.P., and PASSCO Companies, LLC regarding their tenant in common interest program. The SEC said no to the “no action.””Based on the facts presented,
Health Care REIT, Inc. Added to S&P 500
Standard & Poor’s announced that Health Care REIT Inc. (NYSE:HCN) will replace Sovereign Bancorp Inc.(NYSE:SOV) in the S&P 500. Standard & Poor’s Announces Changes to U.S. Indices [.pdf] Sovereign is being acquired by Banco Santander SA, leaving a vacancy
Government Seizes 650 Park Avenue
According to the Wall Street Journal, the United States Attorney for the Southern District of New York has filed a forfeiture proceeding against 650 Fifth Avenue in New York.
In its press release: United States files civil forfeiture action against
Stealing the Empire State Building
The New York Daily News tried to show that it is easy to “steal” property by filing fake deeds. The story is rather foolish, but if you want to read it: It took 90 minutes for Daily News to ‘steal’
Tenant Allowance and Build-Out Obligations When a Tenant Files for Bankruptcy
Sutherland published a timely legal alert on what a landlord can do with a tenant allowance and tenant build-out obligations when a tenant goes bankrupt: Obtaining Relief From Tenant Allowance and Build-Out Obligations When a Tenant Files for Bankruptcy.The
Not Not Creating a Title Insurance Behemoth
The off and on combination of Land America Financial Group with Fidelity National Title Title is back again. LandAmerica press release: LandAmerica Signs Stock Purchase Agreement for Underwriters.The two signed a merger, then Fidelity terminated, now they restructured the