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SB 375 - implementation update

Manatt Phelps & Phillips LLP
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USA
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June 7 2010

Let's start with a little background

Broker has duty to disclose to buyer that proceeds of sale may not be sufficient to pay off encumbrances

Manatt Phelps & Phillips LLP
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USA
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October 18 2010

On October 6, 2010, the California Court of Appeal for the Fourth Appellate District, reversed the Superior Court of Orange County’s judgment in Holmes v. Summer

Steiner v. Thexton: the California Supreme Court considers the consideration

Manatt Phelps & Phillips LLP
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USA
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April 7 2010

On March 18, 2010, the California Supreme Court reversed the Court of Appeal's judgment in Steiner v. Thexton, an opinion issued in May 2008

First statewide mandatory green building code published; effective January 1, 2011

Manatt Phelps & Phillips LLP
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USA
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August 19 2010

The International Code Council recently published the 2010 California Green Building Standards Code, Title 24, Part 11 -- otherwise known as CALGreen, the nation's first mandatory statewide green building code which was adopted January 12, 2010 by the California Building Standards Commission

New California self-reporting rules for certain Proposition 13 changes in control and ownership of legal entities

Manatt Phelps & Phillips LLP
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USA
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April 23 2010

Effective January 1, 2010, California Senate Bill No 816 requires the completion and filing of a statement on Form BOE-100-B with the State of California Board of Equalization ("BOE") within 45 days after closing of a "change in control" or "change in ownership" of a legal entity if, as of that date, that legal entity also owned or (under certain circumstances) leased an interest in California real property

Private equity real estate capital a good marriage for banks

Manatt Phelps & Phillips LLP
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USA
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May 18 2010

Over the past two years the banking industry has struggled with increasing levels of capital inadequacy as a result of write-downs of bad loans

Historic resources and CEQA: new hurdles for development projects

Manatt Phelps & Phillips LLP
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USA
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February 28 2011

Over the past few years, an inordinate number of CEQA cases have addressed impacts on historic resources

Marketing and selling condo hotel units

Manatt Phelps & Phillips LLP
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USA
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May 9 2011

On March 22, 2011, the United States District Court for the Southern District of California dismissed the plaintiffs’ complaint in the matter of Salameh et al. v. Tarsadia Hotels, et al., finding that the complaint did not sufficiently allege facts to support claims that condo hotel units in the Hard Rock Hotel San Diego development (“Hard Rock Hotel”) constituted securities under federal and state securities laws

Governor signed trailer bills today to eliminate redevelopment agencies

Manatt Phelps & Phillips LLP
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USA
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June 29 2011

In connection with the 2011-2012 budget adopted by the legislature last night and signed into law today, Gov. Jerry Brown signed two trailer bills, ABX1 26 and ABX1 27 that would eliminate California’s redevelopment agencies (RDAs) by October 1, 2011 unless the counties or cities that established the RDAs agree to reduced funding

Governor vetoes economic impact report requirement for superstores

Manatt Phelps & Phillips LLP
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USA
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October 10 2011

One of this year’s most controversial bills was vetoed by Governor Brown in the final minutes of October 9, 2011, his last day to act on the bill

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