by CGS3 | Jun 25, 2020 | Coronavirus, COVID-19, Distressed Assets, Insight Alert
In Part I of this Loan Modification Insight Alert, the CGS3 Distressed Assets Practice Team described various loan workout strategies and how the type of loan may dictate and affect such strategies. This Client Alert provides an overview of best practices when...
by CGS3 | Jun 24, 2020 | Coronavirus, COVID-19, Distressed Assets, Insight Alert
As COVID-19 ravages the economy, commercial real estate lenders and borrowers find themselves triaging real estate debt. CGS3 continues to work with our clients in negotiating numerous commercial real estate loan modifications, which gives us invaluable insight into...
by CGS3 | May 22, 2020 | Coronavirus, COVID-19, Insight Alert, Tax
On May 6, 2020, California Governor Gavin Newsom issued Executive Order N-61-20, which provides relief from property tax penalties for taxes paid after April 10, 2020. The Order also provides that the 10% penalty and interest will not apply for failure to pay a...
by CGS3 | May 15, 2020 | Commercial Leasing, Coronavirus, COVID-19, Insight Alert, Management
The COVID-19 pandemic has impacted every workplace, shutting down many businesses and transforming the rest. Since the crisis upended daily life, landlords have had to cope with widespread business closures, a drastic reduction in day-to-day workforce occupancy and...
by CGS3 | Apr 27, 2020 | Coronavirus, COVID-19, Insight Alert, Opportunity Zones, Tax
On April 9, 2020, the Internal Revenue Service (IRS) issued Notice 2020-23, extending certain time-sensitive deadlines under the Internal Revenue Code. Like the IRS deadline extensions announced in late March, this new Notice follows President Trump’s March...
by CGS3 | Apr 16, 2020 | Construction & Development, Coronavirus, COVID-19, Insight Alert
The impact of the COVID-19 pandemic on construction projects is being felt by developers, contractors, subcontractors and suppliers up and down the labor and material supply chains. In this age of stay-at-home orders, closure of nonessential businesses and social...
