Category: Commercial Real Estate

Impact of the Pandemic on Restaurant Leases and Valuations

We thought you’d be interested in this summary put together by Restaurant Trends Seminar partner, the Boston Restaurant Group: In the past a “good” lease was always considered the most valuable asset of a restaurant. Post COVID-19, it has become the restaurant’s greatest liability. I realize how difficult the past few months have been for everyone in the…

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POSTED IN: Commercial Real Estate, COVID-19, Hospitality & Retail Services, News

Client Alert: SBA Issues Revised PPP Loan Forgiveness Applications

On Tuesday, June 16, 2020, the Small Business Administration (the “SBA”) quietly released the revised Paycheck Protection Program Loan Forgiveness Application (the “Long Form Application”) and the new Paycheck Protection Program PPP Loan Forgiveness Application Form 3508EZ (the “EZ Application”). The instructions included as part of the Applications provide borrowers with much needed guidance on…

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POSTED IN: Articles & Quotes, Commercial Real Estate, COVID-19, News

Client Alert: House and Senate Pass Paycheck Protection Program Flexibility Act

On June 3, 2020, the United States Senate passed the Paycheck Protection Program Flexibility Act (the “Act“), as passed by the House on May 27, 2020, amending certain aspects of the Small Business Administration Act and the Paycheck Protection Program (the “PPP“), created by Division A, Title I of the Coronavirus Aid, Relief, and Economic…

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POSTED IN: Articles & Quotes, Commercial Real Estate, COVID-19, News

Client Alert: Governor Baker Details Phased Reopening of Massachusetts

On Monday, May 18, 2020, Massachusetts Governor Charlie Baker announced plans to cautiously reopen Massachusetts businesses in accordance with the previously announced Four-Phase Approach to Reopening Massachusetts.  Pursuant to the plans announced by Governor Baker, created in conjunction with the Reopening Advisory Board, the first phase of reopening Massachusetts is scheduled to go into effect…

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POSTED IN: Articles & Quotes, Commercial Real Estate, COVID-19, News

Client Alert: SBA Issues PPP Loan Forgiveness Application

The Small Business Administration (the “SBA”) quietly released on Friday May 15th, the Paycheck Protection Program Loan Forgiveness Application (the “Application”). The instruction included as part of the Application provides borrowers with much needed guidance on how to calculate loan forgiveness under the Paycheck Protection Program (the “PPP”).  The instructions, in part, advise PPP borrowers…

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POSTED IN: Articles & Quotes, Commercial Real Estate, COVID-19, News

Client Alert: SBA Updates FAQ on Good Faith Certification of Need

Pursuant to Division A, Title I of the Coronavirus Aid, Relief, and Economic Stability (“CARES”) Act, as amended, Congress, among other things, established a framework for the Paycheck Protection Program (the “PPP”). In the weeks and months following the signing of the CARES Act by President Trump, the Small Business Administration (the “SBA”) and the…

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POSTED IN: Articles & Quotes, Commercial Real Estate, COVID-19, News

Client Alert: Governor Baker Signs Act Providing for a Moratorium on Evictions and Foreclosures During the COVID-19 Emergency

On April 20, 2020, Massachusetts Governor Charlie Baker signed into law an act which adopts protections relating to evictions and foreclosures. The Act addresses three main topics: Commercial Evictions, Residential Evictions, and Foreclosures. Key provisions of the Act provide for the following:   Definitions – “Non-essential eviction”, an eviction: (i) for non-payment of rent; (ii) resulting…

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POSTED IN: Articles & Quotes, Commercial Real Estate, COVID-19, News

Client Alert: Governor Signs Bill to Provide Permitting Relief for Communities and Applicants

On April 3, 2020, Governor Charlie Baker signed an emergency bill into law which covers a comprehensive set of topics to address challenges facing municipalities and state agencies. Section 17 of House No. 4617 specifically addresses extending certain deadlines applicable to municipalities as well as applicants with respect to the permitting and approval process. Key…

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POSTED IN: Articles & Quotes, Commercial Real Estate, COVID-19, News

CARES Act: Assistance for Small Businesses

On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Stability (“CARES”) Act (the “Act”), as approved by the Senate on March 26, 2020, and the House on March 27, 2020. This article is intended to focus on those provisions of Phase 3 of the federal COVID-19 stimulus package relative to the…

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POSTED IN: Articles & Quotes, Commercial Real Estate, COVID-19, News

Client Alert: Legislation Would Create National Remote Online Notarization Standards

In an effort to mitigate the significant harm to commerce caused by COVID-19, several organizations including the American Land Title Association (“ALTA”), the Mortgage Bankers Association (“MBA”), and the National Association of Realtors (“NAR”) are rallying around the Securing and Enabling Commerce Using Remote and Electronic Notarization Act of 2020 (the “SECURE Notarization Act”) to…

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POSTED IN: Articles & Quotes, Commercial Real Estate, COVID-19, News