ROAD AND ACCESS PITFALLS WHEN HANDLING REAL ESTATE TRANSACTIONS By Reginald A. Long, Esq. Partner, Love and Long, L.L.P. Newark, New Jersey, New York, New York and Philadelphia, Pennsylvania When representing developers and other clients in the purchase and development of vacant or under improved land, road and access issues must be properly identified and […]
Easements in road and access
EASEMENTS IN THE INS AND OUTS OF PRIVATE ROAD CREATION AND USE By Reginald A. Long, Esq. Partner, Love and Long, L.L.P. EASEMENTS IN GENERAL An easement is an interest or a right in land which benefits a tract of land or tenement, without regard as to who owns or possesses it. For example, in […]
COMMERCIAL REAL ESTATE JOINT VENTURES...
STRUCTURING COMMERCIAL REAL ESTATE JOINT VENTURES DURING COVID-19 By: Reginald A. Long, Sr., Esq. April 2021 As a result of the COVID-19 pandemic, real estate investors are experiencing several challenges which serve to adversely affect real estate projects including reduced liquidity, increased cost, and decision bottlenecks during an unavoidable and unforeseen environment.Therefore, real estate investors […]
THE PHASE-OUT OF LIBOR AND IMPACT ON ...
By: Lisa D. Love For nearly fifty years, the London Interbank Offered Rate (LIBOR) has been used by banks and other financial institutions as a global floating reference rate (benchmark). It is the primary benchmark for short-term interest rates around the world and underpins more than $350 trillion in mortgages, commercial loans, bonds and derivatives. […]
THE TITLE INSURANCE COMMITMENT and cl...
By: Reginald A. Long, Esq. Pursuant to the New Jersey Title Act, title insurance companies are required to make a determination as to insurability prior to issuing an insurance policy. In order to determine the insurability of property, the title company will examine title to the property … Full Article
Selective Disclosure In Securities
On September 13, 2017, the Municipal Securities Rulemaking Board (the “MSRB”) published a market advisory (the “Market Advisory”) regarding “Selective Disclosure” by municipal security issuers, which occurs when certain classes of investors (such as investment banking firms, investment advisers and institutional investors) are given access to information but other investors are not. Selective disclosure may […]
Make Whole Provisions Triggered Upon ...
In Delaware Trust Co. v. Energy Future Intermediate Holding Co., 842 F.3d 247 (3d Cir. 2016),the Third Circuit stated that (i) New York and federal courts deem the term “redemption” to include both pre- and post-maturity repayments of debt, (ii) refinancings of debt by Energy Futures Intermediate Holding Co. (“EFIH”) with debtor-in-possession financing were optional […]
Enforceability of Tail Fee Provision ...
In a recent breach of contract action involving the failure to pay an investment banking tail fee, the New York Supreme Court Appellate Division unanimously affirmed the order of the lower court granting a motion for summary judgment in favor of StormHarbour Securities LP (“StormHarbour”) against IIG Trade Opportunities Fund N.V. (the “Fund”) requiring the […]
Grant of Interest in Real Property by...
In a motion brought in a mortgage foreclosure action by Plaintiff JPMorgan Chase Bank, N.A for an order dismissing an affirmative defense and the counterclaim of Defendant Bank of New York, the Supreme Court of Rockland County, New York in a recent unreported opinion… Full Article
Structuring Real Estate Development A...
Reginald A. Long, partner of Love and Long, LLP, co-presented the Stafford CLE “Structuring Real Estate Development Agreements with Municipalities (Leveraging Agreements for Long-Term Development Projects and Addressing Land Use and Infrastructure Issues). For more information relating to the CLE, please follow link to program outline. Full Article
