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LIBOR Administrator Signals the Phase-Out of LIBOR to Begin in 2022

Nov 30 2020

The Federal Reserve announced its support for the cessation dates for USD LIBOR proposed by the ICE Benchmark Administration Limited, which would mean the end of all tenors of USD LIBOR by mid-2023.

Morris Ellison Discusses Property Reassessment Appeals with Fox 24 News Now

Oct 06 2020

Homeowners in the Charleston area are receiving notices that their property values have been reassessed. But what if a homeowner doesn’t agree with the value assessed? Womble Bond Dickinson real estate attorney Morris Ellison recently spoke to Fox 24 News Now about the home value reassessment appeal process.

The CDC’s Eviction Moratorium and the Pending Lawsuit to Stop It

Sep 16 2020

On September 2, 2020, the Centers for Disease Control (CDC) relied on little-known statutory powers to issue a temporary moratorium for most residential evictions, with a stated goal of reducing the risk of transmission of COVID-19. We provided an explanation of the CDC’s order in an earlier alert. Last week, a lawsuit was filed in federal court, on behalf of a landlord, seeking to halt or overturn the Order.

Womble Bond Dickinson Expands Capital Markets & Financial Services Sector Teams with Hires of Paul M. Fogleman & Vanessa Morris

Aug 27 2020

Experienced financial services and capital markets attorneys Paul M. Fogleman and Vanessa Morris have joined Womble Bond Dickinson. Fogleman will practice in the firm’s Raleigh office, while Morris will practice in Atlanta.

Major South Carolina Appellate Decision on Property Tax Exemption

Aug 26 2020

Real estate investors acquiring properties in South Carolina have been granted some latitude when they fail to request an available property tax exemption. In a major decision issued on August 26, 2020, the South Carolina Court of Appeals held that a property owner need not claim the 25% property tax exemption when there is an “Assessable Transfer of Interest” (ATI) available to certain commercial properties during the first year of eligibility for the exemption.

10 Key Considerations for Commercial Real Estate Loan Restructurings: A Primer

Jul 20 2020

Since commercial real estate is a “leverage” business, one common challenge that many owners will possibly face is the need to restructure the loans secured by their properties in order to achieve more realistic and achievable economic terms and to avoid loan defaults, foreclosures and the loss of their properties. As a Primer for those lucky few real estate owners and advisors that have not worked through previous real estate cycles (and as a refresher for those who have), here are ten key considerations to guide you generally in pursuing loan restructuring transactions with your lenders.

Morris Ellison in Commercial Property Executive: Expect Increased Property Taxes

Jul 07 2020

Macro impacts of the microscopic COVID-19 virus will subject the property tax system to unprecedented strains, raising the threat that local governments will turn to property tax increases as a panacea for their fiscal woes. Womble Bond Dickinson attorney Morris Ellison explains more in Commercial Property Executive.

Cynthia Spieth Morton to Discuss Commercial Real Estate Issues in COVID-19 Environment at CREW Charleston Webinar

May 19 2020

As with virtually every industry, the COVID-19 crisis has had a tremendous impact on the commercial real estate sector. Womble Bond Dickinson attorney Cynthia Spieth Morton will take part in a CREW (Commercial Real Estate Women) Charleston roundtable on these challenges and what the commercial real estate industry can expect to see in the months to come.

COVID-19 and Commercial Leases: Guidance for Lenders

May 05 2020

Soon after the spread of COVID-19 and the resulting significant impact on brick-and-mortar retail and other commercial activity, real estate lenders began to take a fresh look at their loan documents and key tenant leases to prepare for potential tenant cash flow issues and lease defaults. Commercial tenants have and will continue to request of their landlords concessions like rental deferments, rental abatements, and waivers of certain lease defaults. Lenders must continue to take a proactive approach with their borrowers, not waiting for loan defaults to inevitably occur.

49 Lawyers and 18 Practice Areas Recognized in Chambers USA 2020

Apr 23 2020

Womble Bond Dickinson (US) LLP is pleased to announce that 49 attorneys and 18 state-level practice areas have been ranked in the 2020 edition of Chambers USA: America’s Leading Lawyers for Business. This includes three attorneys who have been recognized in Chambers’ High Net Worth (HNW) Guide. Six practices earned Band 1 rankings, and 11 lawyers received one or more Band 1 rankings.

Related insights: Real Estate Finance

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