Doug Cornelius .com
Real Estate Space Blog Posts
Imported Posts from Real Estate Space
I turned the “lights out” on Real Estate Space, my blog on commercial real estate finance law. I decided I want to better own and control that content so I have imported nearly all the blog posts from Real Estate Space into DougCornelius.com. All of the imported Real Estate Space posts are under the Real [...]
Compliance Building
With my move from Goodwin Procter to be Chief Compliance Officer at a real estate company, I have been using a blog to keep my notes. I have just open up this blog to the public. You can see what I have been up to at Compliance Building. Disclaimers
Clash of the Utopias – The Story of Stuyvesant Town
New York magazine has a lengthy story on the largest real estate deal deal in US history: The $5.4 Billion sale of MetLife’s interest in the Stuyvesant Town and Peter Cooper Village residential complex. The complex is enormous: 80 acres of land on Manhattan’s East Side, 25,000 residents, 110 buildings, over 11,000 units, 2,260 enclosed [...]
REITs May Pay Dividends in Stock to Save Cash
In a Bloomberg story By Hui-yong Yu, REITs in U.S. Consider Paying Dividends in Stock to Save Cash, many publicly traded REITs may take advantage of a IRS ruling allowing them to pay dividends instead of cash. On December 10, 2008 the Internal Revenue Service issued Revenue Procedure 2008-68 announcing that the IRS will treat [...]
Tenant-in-Common Interests are Securities
On January 14, the SEC issued a no-action letter to OMNI Brokerage, Inc., Argus Realty Investors, L.P., and PASSCO Companies, LLC regarding their tenant in common interest program. The SEC said no to the “no action.” “Based on the facts presented, the Division disagrees with your view that the proposed offer and sale of undivided [...]
Health Care REIT, Inc. Added to S&P 500
Standard & Poor’s announced that Health Care REIT Inc. (NYSE:HCN) will replace Sovereign Bancorp Inc.(NYSE:SOV) in the S&P 500. Standard & Poor’s Announces Changes to U.S. Indices [.pdf] Sovereign is being acquired by Banco Santander SA, leaving a vacancy in the index. Health Care REIT, Inc. is an equity real estate investment trust that invests [...]
Government Seizes 650 Park Avenue
According to the Wall Street Journal, the United States Attorney for the Southern District of New York has filed a forfeiture proceeding against 650 Fifth Avenue in New York. In its press release: United States files civil forfeiture action against ASSA corporation’s interest in Manhattan office tower (.pdf), the DOJ claims that a 40% interest [...]
Stealing the Empire State Building
The New York Daily News tried to show that it is easy to “steal” property by filing fake deeds. The story is rather foolish, but if you want to read it: It took 90 minutes for Daily News to ‘steal’ the Empire State Building. The reporters think that by filing a forged deed, they somehow [...]
Tenant Allowance and Build-Out Obligations When a Tenant Files for Bankruptcy
Sutherland published a timely legal alert on what a landlord can do with a tenant allowance and tenant build-out obligations when a tenant goes bankrupt: Obtaining Relief From Tenant Allowance and Build-Out Obligations When a Tenant Files for Bankruptcy. The alert points out that lease provisions that allow the landlord to stop completion or funding [...]
Not Not Creating a Title Insurance Behemoth
The off and on combination of Land America Financial Group with Fidelity National Title Title is back again. LandAmerica press release: LandAmerica Signs Stock Purchase Agreement for Underwriters. The two signed a merger, then Fidelity terminated, now they restructured the transaction again. This time, Fidelity is purchasing the Lawyers Title and Commonwealth Land Title subsidiaries. [...]
Recent Posts
The personal side of Doug Cornelius by Doug Cornelius is licensed under a Creative Commons Attribution-Noncommercial 3.0 United States License.
Based on a work at dougcornelius.com.
Permissions beyond the scope of this license may be available at http://dougcornelius.com/about/contact.
Powered by Wordpress. Designed by 