Thoughts on the Psychology of a Workout Reprinted with the permission of Daily Journal Corp. (2010) The psychological interplay between debtor and creditor in a workout of a classified or defaulting loan frequently involves many issues that go beyond the “law” and the language of loan documents. There may well be significantly conflicting emotional pressures […]
May, 2010 Articles
JMBM 2010 Real Estate & Land Use Survey Caution remains the watchword even as bearish sentiment declines JMBM’s 2010 California Real Estate & Land Use Survey gathered data from 98 executives, 49 percent of whom identified themselves as developers and 49 percent as capital providers. Respondents indicating they were “bearish’ about the market declined from […]
UPDATE: Hollywood Hotel Receives L.A. City Council Approval As reported in our last edition of “Development Rights,” JMBM land use attorney Sheri Bonstelle represented client Jeffrey Records, chairman and CEO of Mid First Bank, in gaining approval from the Los Angeles City Planning Commission for a new luxury boutique hotel in the historic Security Pacific […]
Affordable Housing Mandates Must Comply with State Law Two recent court decisions have materially changed the affordable housing game as it’s been played by local governments throughout California. In Palmer/Sixth Street Properties, L.P. et al. v. City of Los Angeles (a case in which JMBM represented the developer at all the administrative hearings), the California […]
Building on Incentives In a column published in the Los Angeles Business Journal on May 24, 2010, JMBM Government and Land Use partner, Benjamin M. Reznik, argues that local government should be looking to state statutes — not mandates — to spur the creation of affordable housing. Click here to read the article.
The Business Divorce A longer version of this article was published in the California State Bar Business Law News Issue 1 2010. Reprinted with permission. One of the most painful events any business owner can experience is a “business divorce,” when partners split up, a key partner dies or leaves on less than cordial terms, […]
Credit Card Accountability Responsibility and Disclosure Act of 2009 (“Credit Card Act”): New Gift Card Legislation More than half (55%) of people asked in a survey requested a gift card as their gift of choice last holiday season. Shoppers, on average, spent $139.91 on gift cards this year and 77.2% of people bought at least […]
Cloud Computing, Part II This article is the second in a series about cloud computing. Read parts one and three to get the full story. In our winter edition of the JMBM Corporate Law Newsletter, we discussed some of the benefits of cloud computing. While there are a number of advantages which make cloud computing […]
Jim Butler’s blog article, "Hotel industry update! The worst may be behind us but whither the future? Industry stats and insights from HVS, PKF, Smith Travel and CBRE" was picked up by ehotelier.com.