News & Analysis as of

Real Estate Development Relief Measures

DLA Piper

California Suspends Some Permitting and Environmental Review to Expedite Rebuilding After Southern California Fires

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Following the devastating fires in Los Angeles and Ventura Counties, California Governor Gavin Newsom issued Executive Order N-4-25 to expedite recovery and rebuilding efforts. Released on January 12, 2025, the Order suspends...more

Holland & Knight LLP

Florida's State of Emergency for Hurricane Ian Gives Developers, Permit Holders More Time

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Florida Gov. Ron DeSantis issued Executive Orders 22-218 and 22-219 on Sept. 23 and 24, 2022, respectively, declaring a state of emergency due to Tropical Depression Nine (also referred to as Hurricane Ian) across the entire...more

BCLP

Briefcase - Quarterly Real Estate Update - September 2022

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In this September quarter edition, we cover: ..Oceanfill v Nuffield Health and Cannons Group - Restructuring lease liabilities; what’s the plan for guarantors? ..Dell and another v 89 Holland Park (Management) Ltd – ...more

Saiber LLC

Recent Bills Introduced in New Jersey Address COVID-19 Real Estate Evictions and Lawsuits

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New legislation in New Jersey has been introduced that, if enacted, will impact tenants, landlords, and planned real estate developments (most commonly condominiums) in the State; one that seeks to strike a balance between...more

Bricker Graydon LLP

Other people's money: Certain use of federal stimulus cash by land banks “presumed” eligible

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During the past decade, county land banks ramped up operations across Ohio largely employing one-time cash. The Hardest Hit Fund (HHF), sourced from Ohio’s share of mortgage industry settlement payments related to the Great...more

Gray Reed

What’s New in the World of Stimulus Relief: A Discussion of American Rescue Plan Act

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Since arriving in the United States the Coronavirus pandemic has taken a devastating toll on nearly every aspect of our economy. Industries such as construction have faced new hardships and challenges with workplace safety,...more

Winstead PC

Additional Short-Term Relief Granted for Qualified Opportunity Funds and Investments

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As a result of the continuing COVID-19 impact on qualified opportunity funds (“QOFs”) and prospective investors therein, the IRS recently issued Notice 2021-10 (the “Notice”) in order to grant additional relief to QOF and...more

Nutter McClennen & Fish LLP

Massachusetts Enacts Significant Zoning Changes as Part of Economic Stimulus Legislation

On January 14, 2021, Governor Charlie Baker signed into law An Act Enabling Partnerships for Growth (the “Act”). The Act is a comprehensive economic relief and stimulus bill that will affect a multitude of industries across...more

Sullivan & Worcester

Internal Revenue Service Provides Additional COVID-19 Related Relief for Opportunity Zones Investors

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On January 19, 2021, the Internal Revenue Service (“IRS”) issued Notice 2021-10 (the “Notice”), which provides relief for Opportunity Fund investors from certain deadlines and testing requirements. The relief provided by the...more

Jackson Walker

Qualified Opportunity Zones COVID-19 Relief Extended

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On January 20, 2021, the Treasury Department published Notice 2021-10, extending COVID-19 relief for qualified opportunity funds (QOFs) and their investors. The new guidance generally extends the relief already in effect...more

Allen Matkins

Extensions of COVID-19 Relief for Opportunity Zone Funds

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In IRS Notice 2021-10 (the New Notice), the IRS granted relief to Opportunity Zone Funds because of the COVID-19 pandemic. The New Notice generally extends the relief that had previously been granted pursuant to IRS Notice...more

Goulston & Storrs PC

Five Takeaways from the BBA Webinar on the State of Retail and Hospitality During COVID

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On November 13th, the Boston Bar Association hosted Uncharted Territory: Challenges Facing Retail, Hospitality Sectors and their Landlords. The live webinar featured Richard Heller, Senior Vice President and General Counsel...more

Robins Kaplan LLP

Financial Daily Dose 12.7.2020 | Top Story: November Hiring Well Below Expectations as Employment Recovery Stalls

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Friday’s jobs report was not only 200,000 jobs below projections for November, but it marked the fifth straight month of a diminished pace of hiring in the United States and brought urgency to facing the reality that there...more

Hogan Lovells

Coronavirus: The Hill and the Headlines, October 2020 #11

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In Washington: House Speaker Nancy Pelosi (D-CA) set a Tuesday deadline for her and Treasury Secretary Steven Mnuchin to reconcile significant policy disputes if they want to pass a coronavirus relief bill before Election...more

Sheppard Mullin Richter & Hampton LLP

California Housing Legislation 2020

Governor Gavin Newsom just signed a number of housing bills into law that were passed by the Legislature this session ending on August 31, 2020. Due to the severe scheduling constraints placed on lawmakers by the COVID-19...more

Hogan Lovells

Coronavirus: The Hill and the Headlines – COVID-19 D.C. Update – September 2020 # 8

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In Washington - The White House Wednesday signaled it is open to supporting the Problem Solvers’ coronavirus relief bill released yesterday. The President encouraged Senate Republicans to support the deal that would...more

Holland & Knight LLP

Florida's State of Emergency for Hurricane Isaias Gives Developers, Permit Holders More Time

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Florida Gov. Ron DeSantis issued Executive Order 20-181 on July 31, 2020, declaring a state of emergency due to Hurricane Isaias for the following counties: The declaration of a state of emergency concerning a natural...more

Ballard Spahr LLP

DC Metro COVID-19 Legislation/Regulations Impacting Landlords, Judicial Actions, and Government Operations

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As we enter the fourth month of the COVID-19 pandemic, legislators and regulators are continuing to adapt by enacting rules for the “new normal.” Jurisdictions in the Washington, D.C., region are in various stages of...more

Morgan Lewis

IRS Provides COVID-19 Pandemic Relief for Qualified Opportunity Zone Investments

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With the issuance of Notice 2020-39 (the Notice), the Internal Revenue Service (IRS) has provided relief for Qualified Opportunity Zone Funds (QOFs) and for investors in QOFs. While the relief provided in the Notice does not...more

Holland & Knight LLP

IRS Provides Pandemic-Related Relief for Certain Opportunity Zone Deadlines

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The IRS issued Notice 2020-39 on June 5, 2020, to provide relief from certain deadlines under Section 1400Z-2 of the Internal Revenue Code of 1986 and the U.S. Department of the Treasury regulations thereunder (the...more

Greenberg Glusker LLP

IRS Grants Additional Relief for Qualified Opportunity Funds

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On June 4, 2020, the IRS issued Notice 2020-39, which provides important relief to qualified opportunity zone investors (“QOZ Investors”), qualified opportunity funds (“QOFs”) and qualified opportunity zone businesses...more

Sullivan & Worcester

IRS Provides Relief to Opportunity Funds and OZ Investors

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As part of its continuing response to the COVID-19 pandemic, on June 4, 2020, the Internal Revenue Service issued Notice 2020–39 (the “Notice”). The Notice provides welcome relief to Qualified Opportunity Funds (“QOFs”) and...more

Williams Mullen

IRS Provides Much-Needed Relief for OZ Investors, QOFs and OZ Businesses

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In Notice 2020-39, which was released on Thursday, June 4, 2020, the IRS provided critical relief to qualified opportunity zone (OZ) investors, qualified opportunity funds (QOF) and OZ businesses due to the COVID-19...more

Lowndes

IRS Provides Much-Needed Opportunity Zone Relief

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On June 4, the IRS provided some much-needed relief to opportunity zone investors and qualified opportunity funds (QOFs) in response to the ongoing COVID-19 pandemic. Specifically, the IRS published Notice 2020-39, which...more

Troutman Pepper Locke

NJ Emergency Rule Modifies Site Remediation Timeframes In Response To COVID-19

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On April 24, the New Jersey Department of Environmental Protection (DEP) adopted a temporary rule modification that grants extensions to certain site remediation timeframes under the Administrative Requirements for the...more

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