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
August 17, 2009 | The Legal Intelligencer
Court Requires Occupancy of Property by Nonprofit to Justify Tax ExemptionOn July 17, the Commonwealth Court issued an opinion in Appeal of the City of Pittsburgh, which ruled that a purely public charity that acquired vacant lands in what it viewed as a furtherance of its mission, but without an intention to physically use or occupy the properties in either the short- or long-term, was not entitled to exemption from real estate taxes on those properties.
By Martin J. Doyle
9 minute read
March 13, 2012 | The Legal Intelligencer
Case on Judgment Liens Instructive on Many LevelsIn an opinion filed on Feb. 13, the Pennsylvania Superior Court strictly upheld the general commonwealth rule that a purchaser of real property is not bound to look for judgments beyond the local judgment index. The decision is also noteworthy because it is the first appellate decision to apply Rule 3023 of the Pennsylvania Rules of Civil Procedure to determine the priority of liens arising from confession of judgment.
By Martin J. Doyle and Ross E. Bruch
11 minute read
October 19, 2009 | The Legal Intelligencer
Case Illustrates Twists and Turns in Dealing with Rights of First RefusalThe New Jersey Superior Court case of St. George's Dragons L.P. v. Newport Real Estate Group illustrates a number of interesting and important points about the drafting and interpretation of right-of-first-refusal provisions.
By Martin J. Doyle
12 minute read
August 01, 2011 | The Legal Intelligencer
9th Circuit Holds Letter of Intent EnforceableClients like letters of intent. Letters of intent can be developed easily and shipped out quickly to get a deal rolling. They can lay out basic terms of a deal in laymen's language, and in just a few pages, so the parties can decide if they are generally on the same page. They can even be used to create certain obligations, say a no-shop provision, giving a buyer some comfort that it will not have the rug pulled out from under it before it can cut a deal.
By Martin J. Doyle and Bruce P. Bowen
12 minute read
February 25, 2008 | Law.com
Jurisdictions Vary on Implied Covenant to OperateLet's say that you represent the owner of a strip shopping center in Northeast Philadelphia. The largest tenant in the center, a chain drug store, has shut down its operations at the center and opened a new store at a more prominent location nearby.
By David M. Felder and Martin J. Doyle
11 minute read