November 26, 2014 | The Legal Intelligencer
Tax Incentives Offered to Encourage Development in PhiladelphiaPhiladelphia's recent demographic surge and economic growth has sparked much conversation regarding the future of the city. Those that are optimistic point to Philadelphia's universities, medical institutions, culture, history and geographical location as reasons for confidence in Philadelphia's continued development. Those that are not so optimistic are quick to note the barriers that have prevented Philadelphia from thriving over the last 40 years, including inequality, inadequate job growth, poverty, the public school system and the municipal tax structure.
By Martin J. Doyle and Igor Pleskov
7 minute read
September 24, 2014 | The Legal Intelligencer
Amendment to Pennsylvania Mechanics' Lien Law EnactedEffective Sept. 7, Pennsylvania's Mechanics' Lien Law was amended pursuant to Act 117, which was approved in July. The purposes of the act were twofold: to clarify and strengthen the provisions intended to subordinate mechanics' liens to open-end mortgages securing construction loans; and to provide residential property owners with certain additional protections against mechanics' liens that may be imposed by subcontractors.
By Martin J. Doyle and Igor Pleskov
6 minute read
July 23, 2014 | The Legal Intelligencer
Court's Ruling in Mortgage Case Poses Threat to MERSOn June 30, the U.S. District Court for the Eastern District of Pennsylvania granted, in part, summary judgment to the Montgomery County recorder of deeds in its action against Merscorp Inc. and Mortgage Electronic Registration Systems Inc. (MERS) for MERS's failure to record mortgage loan assignments.
By Martin J. Doyle and Igor Pleskov
6 minute read
May 28, 2014 | The Legal Intelligencer
Rethinking Shopping Center Leases as Retail Formats EvolveThe retail sector was one of the hardest-hit industries during the recent recession. The downturn, along with transformative technological advances and growing Internet retail, has led to a dramatic shift in the traditional shopping-center business model. Perhaps the new normal, these changes have rendered certain language in older leases as barriers to attracting desirable new tenants.
By Martin J. Doyle and Igor Pleskov
6 minute read
March 26, 2014 | The Legal Intelligencer
Phila. Bill Part of Medical Offices and Zoning TrendOn Dec. 5, 2013, Philadelphia City Council passed Bill No. 130770 prohibiting medical, dental and health practitioners in the Sixth and Tenth councilmanic districts of Northeast Philadelphia.
By Martin J. Doyle and Igor Pleskov
5 minute read
January 22, 2014 | The Legal Intelligencer
Effect of New Common Level Ratio Factors in PhiladelphiaEarlier this month, the Pennsylvania Department of Revenue released updated common level ratio factors to be used in calculating realty transfer tax for certain real estate transactions.
By Martin J. Doyle and Igor Pleskov
5 minute read
December 26, 2013 | The Legal Intelligencer
Checking Out the Bill Establishing a Phila. Land BankOn Dec. 12, Philadelphia City Council approved Bill No. 130156-A to establish a land bank for the city of Philadelphia.
By Martin J. Doyle and Igor Pleskov
5 minute read