August 14, 2018 | New York Law Journal
A Field Guide to Asset ForfeitureWhile asset forfeiture is commonly thought of as applying to personal property, such as a vehicle used to illegally transport narcotics, in their Transactional Real Estate column, Peter Fisch and Mitchell Berg discuss its application to real property.
By Peter E. Fisch and Mitchell L. Berg
12 minute read
May 08, 2018 | New York Law Journal
Structuring Programmatic Real Estate Joint VenturesIn their Transactional Real Estate column, Peter E. Fisch and Mitchell L. Berg discuss “programmatic” or “platform” joint ventures—a means of structuring a series of commercial real estate investments between sponsors and capital partners.
By Peter E. Fisch and Mitchell L. Berg
10 minute read
February 13, 2018 | New York Law Journal
The Perishable Agricultural Commodities ActIn their Transactional Real Estate column, Peter E. Fisch and Mitchell L. Berg discuss the Perishable Agricultural Commodities Act (PACA) which was enacted to protect the interests of suppliers and sellers of perishable agricultural commodities and write that while it would appear to have little relevance to real estate transactions, it has become a matter of some concern to lenders and title insurance companies who are often concerned that when the borrower is an entity subject to PACA, the PACA trust will effectively create a superpriority lien against real property that could prime a recorded mortgage lien.
By Peter E. Fisch and Mitchell L. Berg
11 minute read
October 18, 2016 | New York Law Journal
Greater Clarity Needed for New HVCRE RegulationsIn their Transactional Real Estate column, Mitchell Berg and Peter Fisch discuss the new high volatility commercial real estate, or "HVCRE" rules and conclude: "The full impact of the new HVCRE regulations on the commercial real estate industry is still unclear, with banks continuing to develop their positions on the issue and borrowers testing alternatives for their financing needs. This lack of clarity should dissipate over time as market practice develops and if regulators issue guidelines and clarifications that provide more direction to lenders and borrowers."
By Mitchell L. Berg and Peter E. Fisch
19 minute read
July 13, 2016 | New York Law Journal
Exceptions in Rights of First Refusal ProvisionsIn their Transactional Real Estate column, Peter E. Fisch and Mitchell L. Berg discuss how certain scenarios, such as foreclosure sales, are typically not intended to trigger a right of first refusal but may inadvertently be captured by such provisions that do not expressly exclude them.
By Peter E. Fisch and Mitchell L. Berg
19 minute read
February 17, 2016 | New York Law Journal
Pre-Emptive Rights in Partnerships and LLCsIn their Transactional Real Estate column, Peter E. Fisch and Mitchell L. Berg write: When representing the sponsor of a real estate partnership or limited liability company, in the absence of an affirmative obligation on the part of the existing investors to provide any additional needed capital, it is important that the documents governing the entity provide for sufficient flexibility for the sponsor to address the entity's future capital needs.
By Peter E. Fisch and Mitchell L. Berg
9 minute read
October 21, 2015 | New York Law Journal
Real Estate Provisions in M&A v. Real Estate TransactionsIn their Transactional Real Estate column, Peter E. Fisch and Mitchell L. Berg write: Real estate practitioners should be aware that conventions governing merger and stock purchase agreements in M&A transactions differ in certain significant respects from those that apply to purchase and sale agreements in real estate transactions.
By Peter E. Fisch and Mitchell L. Berg
11 minute read
July 08, 2015 | New York Law Journal
The Role of Defeasance in Real Estate FinanceIn their Transactional Real Estate column, Peter E. Fisch and Mitchell L. Berg discuss a common feature of real estate finance—defeasance—which allows a borrower to effectively prepay a loan that is not by its terms prepayable.
By Peter E. Fisch and Mitchell L. Berg
10 minute read
July 07, 2015 | New York Law Journal
The Role of Defeasance in Real Estate FinanceIn their Transactional Real Estate column, Peter E. Fisch and Mitchell L. Berg discuss a common feature of real estate finance—defeasance—which allows a borrower to effectively prepay a loan that is not by its terms prepayable.
By Peter E. Fisch and Mitchell L. Berg
10 minute read
February 18, 2015 | New York Law Journal
Sale-Leaseback TransactionsIn their Transactional Real Estate column, Peter E. Fisch and Mitchell L. Berg write: Over the last several years, sale-leasebacks have been implemented with increasing frequency, perhaps driven in part by a proliferation of real estate investment trusts and other institutional buyers seeking the stable returns these transactions provide.
By Peter E. Fisch and Mitchell L. Berg
14 minute read
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