Real Estate Law

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27 12, 2015

GRESB is Huge with $2.3 Trillion in Real Estate so Follow the Money

December 27th, 2015|Real Estate Law|

Representing a huge share of the market capitalization of real estate across the globe, this year, 707 real estate companies and funds, with over 61,000 properties, having an aggregate value of $2.3 Trillion reported their environmental, social and governance information to Global Real Estate Sustainability Benchmark (GRESB).

20 12, 2015

Congress Breathes New Life into 179D Tax Deduction

December 20th, 2015|Real Estate Law|

Last week the 114th Congress passed the Consolidated Appropriations Act, 2016 and the Protecting Americans from Tax Hikes Act of 2015.

7 07, 2015

Federal Court Rules Legal Medical Marijuana Dispensary Cannot Deduct Business Expenses

July 7th, 2015|Real Estate Law|

Last week the U.S. Court of Appeals for the Ninth Circuit affirmed the Tax Court’s decision precluding a tax payer from deducting ordinary and necessary business expenses associated with a medical marijuana dispensary in San Francisco. This decision and the underlying position taken by the IRS is problematic for the entire cannabis industry, including in [...]

30 06, 2015

Maryland Medical Marijuana Producing Real Estate Opportunities

June 30th, 2015|Real Estate Law|

The Maryland Medical Cannabis Commission published the long awaited draft regulations last Friday, June 26, 2015, and it is anticipated that applications for growers, processors and dispensaries will be accepted beginning in September. Noting the lesson that those who benefitted most from the California Gold Rush of 1849 were not the gold miners but the [...]

20 04, 2015

Carroll County, Maryland Statutory Requirements for Real Estate Contracts

April 20th, 2015|Real Estate Law|

This compilation of the requirements for Carroll County, is one in a series of articles that identify issues that must be addressed in agreements of sale for real estate located within particular subdivisions in Maryland. Accepting that real estate is one of the most heavily regulated industries, there are federal, state, and local government requirements [...]

27 11, 2007

New Recordation and Transfer Taxes on Transfer of Controlling Interest in Real Estate

November 27th, 2007|Real Estate Law|

The Maryland General Assembly overhauled the State’s tax structure in the recent 2007 Special Session enacted six bills and increasing State revenues by $77.1 million in fiscal 2008 and by $412.2 million beginning in fiscal 2009. State revenues from new recordation and transfer taxes on a transfer of a controlling interest in a real property [...]

1 05, 2007

Real Estate in the 2007 Maryland General Assembly

May 1st, 2007|Real Estate Law|

The 423rd session of the General Assembly of Maryland came to a close at midnight on April 9, 2007. During the 90 day session, a total of 798 bills gained final approval, along with two joint resolutions. The Senate of Maryland passed 346 bills and one joint resolution. The House of Delegates passed 452 bills [...]

1 02, 2007

Emergency Bill Prohibits Creation of Most Residential Ground Rent Leases

February 1st, 2007|Real Estate Law|

Yesterday the House and Senate of Maryland General Assembly each unanimously passed identical bills and following upcoming votes in the other chamber, the Governor has announced his intention to sign SB 106/ HB 172, emergency Administration bills that retroactively prohibit the creation of most new residential ground rent leases. Effective January 22, 2007, “the owner [...]

10 01, 2007

42% of Real Estate Contracts did Not Comply with Law

January 10th, 2007|Real Estate Law|

In a recent review of contracts for the sale of real estate in Maryland, 42% of the contracts were found not to comply with law. In the majority of instances, the defect in the contract made it voidable by the purchaser, but in nearly half of the defective contracts, the seller may have been “guilty [...]

10 11, 2006

Court Rules that a Burrito is Not a Sandwich

November 10th, 2006|Real Estate Law|

A Massachusetts court settled a ‘food fight’ between Panera Bread Co. and Qdoba Mexican Grill determining that a burrito is not a sandwich. This dispute arose from a 2001 lease, between Panera Bread Co. and the owners of the White City Shopping Center in Shrewsbury, Massachusetts, that restricted the shopping center from renting to another [...]