News & Publications

The Federal Reserve Board, the Office of the Comptroller of the Currency, and the FDIC adopted a final rule that will exempt residential real estate transactions of $400,000 or less from appraisal requirements. In addition to raising the appraisal threshold from $250,000 to $400,000, the final rule will: require institutions whose transactions are exempted from the appraisal requirement to get an evaluation of the real property collateral that contains "sufficient information and analysis to support the decision [...]

On September 24, 2019, the US Department of the Treasury published proposed rules that, if adopted, would implement major changes to the process by which the Committee on Foreign Investment in the United States (CFIUS or the Committee) conducts its reviews. The proposed changes were mandated by the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA). The proposed rules would revise and reissue Part 800 of Title 31 of the Code of Federal Regulations—the current [...]

Fieldstone Capital (landlord) filled a summary (non-payment) proceeding against Ryan & Conlon (tenant). And Ryan & Conlon asserted that it did not owe rent because the firm had been partially evicted, actually or constructively, from its 7th floor office as a result of common area renovation work done by Fieldstone. Paragraph 4 of the governing commercial lease agreement authorized Fieldstone to make “repairs, alterations, additions or improvements” in or to any portion of the building or [...]