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Results: 1-10 of 111

Chicago wins the latest round: in a longstanding battle, court upholds Chicago Landmarks Ordinance against constitutional-vagueness challenge by property owners

  • Reed Smith LLP
  • -
  • USA
  • -
  • May 8 2012

The City of Chicago has prevailed in the latest round of a “no holds barred” battle with local property owners over the constitutionality of The Chicago Landmarks Ordinance

Court grants parent companies standing to sue lender as third-party beneficiaries of loan commitment agreements

  • Reed Smith LLP
  • -
  • USA
  • -
  • June 15 2011

A real estate lender agreed to finance three existing projects by lending money to three separate Single-Asset Bankruptcy Remote Entities (SABREs), owned by certain real estate investments trusts, and to finance $160 million in future ventures of the trusts, with further SABREs to be created as each deal came to fruition

Renewal lease changing terms

  • Reed Smith LLP
  • -
  • United Kingdom
  • -
  • December 17 2012

Most landlords are reasonably familiar with the rules set out in O’May v City of London Real Property Co Limited

Secured lender took sufficient affirmative action to effect the assignment of rents

  • Reed Smith LLP
  • -
  • USA
  • -
  • December 19 2011

The debtor executed a mortgage and assignment of rents in favor of the lender

Ohio 7th district Court of Appeals provides much needed clarity on Dormant Mineral Act

  • Reed Smith LLP
  • -
  • USA
  • -
  • April 16 2014

On April 8, 2014, the Court of Appeals for the Seventh District of the State of Ohio issued its opinion in the matter of Walker v. Noon

New lawsuit may derail fiber-optics installations in Western PA

  • Reed Smith LLP
  • -
  • USA
  • -
  • July 30 2012

A class-action complaint, filed this July in the U.S. District Court for the Western District of Pennsylvania, seeks millions of dollars in damages from four telecom companies, alleging a deliberate failure to obtain the permission of hundreds of Beaver County property owners before burying fiber-optic cables on their lands

Strict compliance with Section 524(c) required to uphold reaffirmation contract

  • Reed Smith LLP
  • -
  • USA
  • -
  • December 19 2011

In April 1998, Sandburg Financial, as successor in interest to a purchaser in a real estate transaction, obtained a judgment in an action arising from that transaction against a related entity of American Rice, Inc

Michigan court denies transfer tax exemption to Fannie Mae & Freddie Mac: a sweet result for Michigan that could cost the feds millions

  • Reed Smith LLP
  • -
  • USA
  • -
  • May 11 2012

While those with a sweet tooth may think of Fannie May as the Chicago-based chocolate company, Fannie Mae has only brought heartburn to Michigan as Fannie and Freddie Mac claimed a federal exemption from the Michigan real estate transfer tax as to the sale of foreclosed properties costing Michigan millions of dollars in lost tax revenues

Ninth Circuit joins Eleventh, holds there is federal common law of receivership

  • Reed Smith LLP
  • -
  • USA
  • -
  • October 15 2009

The U.S. Court of Appeals for the Ninth Circuit has held that there is a federal common law of receivership in the context of real property security interest, joining the Eleventh Circuit

Reaffirmations: a guaranteed good idea

  • Reed Smith LLP
  • -
  • USA
  • -
  • April 10 2014

When landlords negotiate amendments or extensions of leases with existing tenants, it can be easy to overlook a very simple but important part of the