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	<title><![CDATA[Blank Rome  Real Estate]]></title>
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		<title><![CDATA[Landlord Recapture Rights When Tenant Goes Dark]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=3012</link>
		<description><![CDATA[Joseph Finkelstein, partner in Blank Rome&amp;rsquo;s real estate practice group, authored the chapter on &amp;ldquo;Landlord Recapture Rights When Tenant Goes Dark&amp;rdquo; for Shopping Center Landlord &amp;amp; Tenant Legal Issues. The book is published by the International Council of Shopping Centers (ICSC), a trade association of the shopping center industry with approximately 55,000 members.]]></description>
		<pubDate>Mon, 04 Mar 2013 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=3012</guid>
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		<title><![CDATA[&#x201c;Co-Tenancy Issues in Turbulent Time&#x201d; Republished by the International Council of Shopping Centers]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=3016</link>
		<description><![CDATA[Philip Rosenfeldt&amp;rsquo;s article on &amp;ldquo;Co-Tenancy Issues in Turbulent Times&amp;rdquo;&amp;nbsp;was republished in Shopping Center Landlord &amp;amp; Tenant Legal Issues. The book is published by the International Council of Shopping Centers (ICSC), a trade association of the shopping center industry with approximately 55,000 members.]]></description>
		<pubDate>Mon, 04 Mar 2013 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=3016</guid>
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		<title><![CDATA[City of Philadelphia Announces Release of Tax Year 2014 Real Estate Tax Market Values]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=3001</link>
		<description><![CDATA[Today, the City of Philadelphia&amp;#39;s Office of Property Assessment (OPA) is expected to release Tax Year 2014 proposed market values pursuant to the City&amp;rsquo;s &amp;ldquo;Actual Value Initiative.&amp;rdquo; These notices are expected to be posted online on February 15, 2013 at www.phila.gov]]></description>
		<pubDate>Fri, 15 Feb 2013 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=3001</guid>
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		<title><![CDATA[Wind Turbines, Solar Panels, and Rooftop Greenhouses&#x2026;Zoning Resolution Changes Approved in New York City&#x2019;s Zone Green Amendments]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2961</link>
		<description><![CDATA[New York City and its residents spend an estimated $15 billion each year to heat, cool and power their buildings, with about three-quarters of this cost attributable to commercial properties. Furthermore, buildings account for about 80% of New York City&amp;#39;s carbon emissions. Recognizing the need to minimize energy consumption, for both environmental and economic reasons, the New York City Council unanimously approved amendments (the &amp;quot;Zone Green Amendments&amp;quot;) to the City&amp;#39;s Zoning Resolution that promote energy efficient construction and renovations. The Amendments, enacted on April 30, 2012, reduce the need for variances and encourage the use of a variety of energy efficient building techniques and designs.]]></description>
		<pubDate>Wed, 19 Dec 2012 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2961</guid>
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		<title><![CDATA[Must A Real Estate Buyer Be &#x2018;Ready, Willing And Able&#x2019; To Close The Purchase Of Real Estate In Order To Claim Damages From A Seller That Has Repudiated The Contract Of Sale? The New York Court Of Appeals Says Yes.]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2962</link>
		<description><![CDATA[In Pesa v. Yoma Development Group, Inc., No. 3, NYLJ 1202541875877, at *1 (NY Ct. of App., Decided February 9, 2012), New York State's highest court, the New York Court of Appeals, held that a real estate buyer must be 'ready, willing and able' to close on the purchase of real estate in order to claim damages from a seller that has repudiated the contract of sale. In doing so, the Court of Appeals resolved a split in authority among the lower appellate courts.]]></description>
		<pubDate>Wed, 19 Dec 2012 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2962</guid>
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		<title><![CDATA[EPA Determines PCE is a Likely Human Carcinogen; More Stringent Review of PCE-Contaminated Sites Likely to Result]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2963</link>
		<description><![CDATA[In February, 2012, the EPA issued a revised risk assessment for tetrachloroethylene, more commonly known as PERCHLOROETHYLENE or PCE. As a result of this revised assessment, it is likely that cleanup standards for PCE will become more stringent. P...]]></description>
		<pubDate>Wed, 19 Dec 2012 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2963</guid>
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		<title><![CDATA[Proposed Amendments Would Limit the 10-Year Real Estate Tax Abatement in the City of Philadelphia]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2885</link>
		<description><![CDATA[On September 13, 2012, Philadelphia City Councilman W. Wilson Goode, Jr. introduced Bill No. 120651. If enacted, this Bill would significantly revise provisions of the Philadelphia Code relating to the 10-year real estate tax abatement for new dev...]]></description>
		<pubDate>Fri, 21 Sep 2012 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2885</guid>
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		<title><![CDATA[City of Philadelphia Tax Year 2013 Real Estate Tax Rate Increase; 
Actual Value Initiative Update; and Homestead Exemption Alert]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2849</link>
		<description><![CDATA[Following months of speculation and debate, the City of &amp;shy;Philadelphia has officially postponed implementation of the Actual Value Initiative (&amp;quot;AVI&amp;quot;) until Tax Year 2014. However, in the interim, for Tax Year 2013, the City has increased the tax rate by 3.6 percent&amp;mdash;it will be $97.71 per $1,000 of assessed value, an increase over the 2012 rate of $94.32 per $1,000 of assessed value. Read on to learn more about critical issues and timelines for 2013 real estate taxes, the rollout of AVI, the Market Value Appeal process, and Homestead Exemption &amp;shy;Application Deadlines.&amp;nbsp;]]></description>
		<pubDate>Tue, 17 Jul 2012 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2849</guid>
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		<title><![CDATA[Revisions to Permit Extension Act Extends Life of Development Permits to 2016]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2847</link>
		<description><![CDATA[The Commonwealth of Pennsylvania has recently approved an important amendment to the Permit Extension Act of 2010 that will extend the life of development related permits and approvals for an additional three years.]]></description>
		<pubDate>Mon, 16 Jul 2012 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2847</guid>
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		<title><![CDATA[City of Philadelphia Use and Occupancy Tax Rate Increase Effective July 1, 2012]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2845</link>
		<description><![CDATA[The Use and Occupancy Tax Rate for the City of Philadelphia has been increased to five dollars and fifty-one cents ($5.51) per one hundred ($100) dollars of the assessed value of the real estate as returned by the Office of Property Assessment of the City of Philadelphia. The prior rate was four dollars and sixty-two cents ($4.62) per one hundred ($100) dollars. The rate change is found in Bill No. 120173-A, which was passed by the City Council on June 21, 2012, and signed by the Mayor on June 27, 2012.&amp;nbsp;]]></description>
		<pubDate>Wed, 11 Jul 2012 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2845</guid>
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		<title><![CDATA[SEC Registration of Investment Advisers Managing Real Estate-Related Securities]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2746</link>
		<description><![CDATA[On June 22, 2011, the Securities and Exchange Commission (the "SEC") adopted final rules1 which implement certain provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act"). Among other things, the final rules adopted by the SEC focus on the following six issues:]]></description>
		<pubDate>Thu, 08 Mar 2012 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2746</guid>
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		<title><![CDATA[Challenges in Buying Distressed Mortgage Loans]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2747</link>
		<description><![CDATA[The market for non-performing and underperforming mortgage loans has been increasingly active and the level of activity is likely to continue as banks and other institutional holders seek to unload illiquid assets and redeploy their capital.]]></description>
		<pubDate>Thu, 08 Mar 2012 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2747</guid>
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		<title><![CDATA[New York City Tenants: Beware Of The NYC Commercial Rent Tax]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2748</link>
		<description><![CDATA[Too often we hear stories of New York City ("NYC") tenants not realizing they are obligated to pay the NYC Commercial Rent Tax (the "Commercial Rent Tax" or the "Tax"). One crucial reason is that this tax is payable directly by the tenant to NYC (as opposed to the landlord directly as part of rent). In addition to reminding tenants about the Commercial Rent Tax itself, this article will provide a base primer regarding the Tax,&#xa0;including who is required to pay such Tax, how the Tax is calculated and the manner in which the Tax is paid.]]></description>
		<pubDate>Thu, 08 Mar 2012 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2748</guid>
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		<title><![CDATA[NJ LSRPs-Speaking with the Enemy?]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2749</link>
		<description><![CDATA[With limited exceptions, on May 7, 2012, New Jersey's requirement to use Licensed Site Remediation Professionals ("LSRPs") will be expanded to apply to all persons remediating sites in New Jersey. The LSRP program will definitely result in more timely and cost effective remediation of environmental contamination at many of the thousands of contaminated sites in New Jersey. With this expansion of the LSRP program, it is important to recognize that this program is likely to result in the mandatory disclosure of some information to the New Jersey Department of Environmental Protection ("NJDEP" or the "Department") that has previously been considered privileged and confidential.]]></description>
		<pubDate>Thu, 08 Mar 2012 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2749</guid>
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		<title><![CDATA[Going-Out-of-Business Sales: Digging Into the Details]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2752</link>
		<description><![CDATA[Samuel Walker and Michael Doughtery authored an article about the complexities of going-out-of-business sales, including legal and administrative issues, for the Spring 2012 edition of Retail Law Strategist.]]></description>
		<pubDate>Wed, 07 Mar 2012 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2752</guid>
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		<title><![CDATA[City of Philadelphia Announces Stormwater Management Grant Program]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2709</link>
		<description><![CDATA[The Philadelphia Water Department and the Philadelphia Industrial Development Corporation have announced a new Stormwater Management Incentives Program (SMIP) Grant, which complements the existing SMIP Loan Program. The Stormwater Management Incentives Program was designed to provide low-cost financing for commercial property owners to design, construct, and implement stormwater management systems that prevent runoff from overloading the City's sewer system and waterways.]]></description>
		<pubDate>Mon, 23 Jan 2012 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2709</guid>
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		<title><![CDATA[Philadelphia City Council Adopts a New Zoning Code]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2678</link>
		<description><![CDATA[After four years of city-wide public meetings, discussion and debate, the Philadelphia City Council followed the recommendations of the Zoning Code Commission and approved legislation which adopted a new Zoning Code for the City. Mayor Nutter has announced that he will sign the legislation into law on December 22nd. The new Code will be Philadelphia&amp;#39;s first completely new Zoning Code since 1962. It incorporates significant revisions in how new development and use of property will proceed in the City of Philadelphia. Nearly every aspect of the present Code has been changed, even down to the level of the characterizations of the various residential, commercial, industrial and special use districts.]]></description>
		<pubDate>Fri, 16 Dec 2011 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2678</guid>
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		<title><![CDATA[Can a Usury Savings Clause Save the Lender?]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2560</link>
		<description><![CDATA[Usury savings clauses are commonly found in loan agreements. These clauses attempt to negate the effect of interest payable under a financing arrangement that may result in the imposition of usurious charges. The usury savings clause basically recharacterizes as principal interest payments made by a borrower, should such payments exceed the permissible rate set by state law. Lenders often assume that the use of such a clause "saves" the lender from liability arising from the imposition of interest charges ultimately determined to exceed the maximum allowed under applicable law. However, courts have varied in their interpretation of the validity and enforceability of the usury savings clauses, with many unwilling to uphold them.]]></description>
		<pubDate>Fri, 19 Aug 2011 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2560</guid>
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		<title><![CDATA[CMBS 2.0 Update: The Expanded &#x201c;Non-Interference&#x201d; Carve-Out]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2561</link>
		<description><![CDATA[One of the most significant changes in the most recent set of CMBS loan documents has been the expansion of the recourse carve-out provisions (a-k-a the bad boy provisions) to include a "non-interference" carve-out. One of the main selling points ...]]></description>
		<pubDate>Fri, 19 Aug 2011 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2561</guid>
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		<title><![CDATA[Bad Boys Get Spanked: New York Courts Uphold Recourse Guaranties]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2562</link>
		<description><![CDATA[Introduction
Two recent New York cases have provided additional clarity with regard to the enforceability of "recourse carve-out" (or "bad boy") guaranties in commercial mortgage transactions. The two cases-Bank of America, N....]]></description>
		<pubDate>Fri, 19 Aug 2011 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2562</guid>
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		<title><![CDATA[&#x201c;Bad Boy&#x201d; Guaranties and Protecting Yourself from Acts of Others]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2450</link>
		<description><![CDATA[In this article, the authors describe bad boy guaranties, which provide for personal liability against borrowers and principals of borrowers upon the occurrence of certain enumerated bad acts committed by the borrower or its principals.]]></description>
		<pubDate>Fri, 15 Apr 2011 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2450</guid>
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		<title><![CDATA[A Primer of the Elements and Risks of Filing a Notice of Pendency in New York]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2414</link>
		<description><![CDATA[New York&amp;#39;s notice of pendency statute1 replaces the common law rule of lis pendens. The statute, like its common law predecessor, allows a party claiming an interest in real property to notify prospective purchasers or encumbrancers of the property that it is the subject of litigation.2 It is relatively simple to satisfy the statutory requirements to file a notice of pendency, inviting potential abuse by parties seeking to restrict property owners&amp;#39; ability to convey marketable title. This article examines principal elements of a notice of pendency, and certain risks of filing in light of its simplicity.]]></description>
		<pubDate>Mon, 28 Feb 2011 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2414</guid>
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		<title><![CDATA[The Ibanez Case: Massachusetts Rejects Undocumented Mortgage Assignments]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2403</link>
		<description><![CDATA[The Massachusetts Supreme Court recently issued a highly-anticipated opinion in the case of U.S. Bank National Association v. Ibanez. The Court affirmed a Land Court ruling that invalidated two foreclosure sales after the foreclosing banks failed to show they were the legal holders of the mortgages at the time they foreclosed.]]></description>
		<pubDate>Thu, 17 Feb 2011 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2403</guid>
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		<title><![CDATA[Practical and Legal Perspectives on Deed in Lieu Transactions]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2404</link>
		<description><![CDATA[When a borrower defaults on its mortgage, a lender has a number of remedies available to it. In recent years, lenders as well as borrowers have increasingly chosen to pursue alternatives to the adversarial foreclosure process. Chief among these is the deed in lieu of foreclosure (referred to as a "deed in lieu" for short) in which the lender forgives all or most of the borrower's obligations in return for the borrower voluntarily handing over the deed to the property.]]></description>
		<pubDate>Thu, 17 Feb 2011 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2404</guid>
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		<title><![CDATA[Update&#x2014;Destiny USA v. Citigroup]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2405</link>
		<description><![CDATA[In the March 2010 Real Estate Update, we reported on the 2009 trial and appellate court decisions against Citigroup relating to the Destiny USA project in upstate New York. The project, an ambitious 800,000 square foot extension to the...]]></description>
		<pubDate>Thu, 17 Feb 2011 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2405</guid>
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		<title><![CDATA[Real Estate Financial Accounting and Tax Developments]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2310</link>
		<description><![CDATA[Real Estate Financial Accounting and Tax Developments]]></description>
		<pubDate>Mon, 13 Sep 2010 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2310</guid>
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		<title><![CDATA[Recent REIT Initial Public Offerings]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2278</link>
		<description><![CDATA[As a result of the financial crisis and the dislocation of the credit markets, is there renewed interest in newly formed REITs?]]></description>
		<pubDate>Thu, 22 Jul 2010 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2278</guid>
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		<title><![CDATA[Commercial Subleases: Coping with the Subordination Risk]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2279</link>
		<description><![CDATA[The decline in the commercial rental market in the recent economic downturn has not been without its silver lining. Some businesses-newly emerging or having successfully weathered the economic storm-are eager to implement long-term growth plans by taking advantage of the low rents and high volume of available space. As these businesses begin to explore the current leasing market, they may be intrigued by attractive space being offered to be sublet by their current occupants who can no longer carry their lease obligations or are otherwise trying to unload excess space. Should businesses shy away from subleases in favor of a direct lease with a building owner?]]></description>
		<pubDate>Thu, 22 Jul 2010 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2279</guid>
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		<title><![CDATA[Solar Rooftop Generation: A Primer For Real Estate Owners And Developers]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2280</link>
		<description><![CDATA[The electricity industry&#x2019;s movement toward renewable energy development presents a unique opportunity for owners and developers of large-scale real property (e.g., warehouses and distribution centers). Such owners are exploring the feasibility of reducing energy costs and &#x201c;going green&#x201d; through the installation of on-site renewable (solar) generation. One exciting and growing application of renewable electric generation entails the installation of rooftop solar, photovoltaic (&#x201c;PV&#x201d;) panels to convert the sun&#x2019;s energy directly into electricity. The following is a primer on what real estate owners and developers need to consider before embarking on the installation of a rooftop PV system.]]></description>
		<pubDate>Thu, 22 Jul 2010 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2280</guid>
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		<title><![CDATA[&#x201c;Bad Boy&#x201d; Guaranties and Protecting Yourself from Acts of Others]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2281</link>
		<description><![CDATA[A typical mortgage loan requires the borrower and-or its principals to execute a &#x201c;bad boy guaranty&#x201d; (a-k-a recourse carve out guaranty), which provides for personal liability against the borrower and principals of borrower upon the occurrence of certain enumerated bad acts committed by the borrower or its principals. Where the transaction involves mezzanine debt, it is essential that the mortgage lender and the borrower and-or guarantors take certain steps to ensure that the bad acts of a foreclosing mezzanine lender do not trigger this personal liability.]]></description>
		<pubDate>Thu, 22 Jul 2010 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2281</guid>
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		<title><![CDATA[Pennsylvania Permit Extension Law Signed into Law by the Governor]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2264</link>
		<description><![CDATA[On July 7, 2010, as part of the passage of the Budget Bill, Pennsylvania Governor Edward G. Rendell signed the Permit Extension Act (S. B. 1042) into law.  The Act grants developers and property owners who had previously secured various development and construction approvals from state or local agencies until July 2, 2013 to initiate construction by extending the life of valid permits. The legislation addresses numerous challenges for property owners and developers in the current economy.  The legislation allows for the economy to improve and saves time and money that would otherwise be spent to renew expired permits.]]></description>
		<pubDate>Mon, 12 Jul 2010 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2264</guid>
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		<title><![CDATA[New Storm Water Management Charges take effect July 1, 2010 in Philadelphia]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2252</link>
		<description><![CDATA[Do you own a Shopping Center, Industrial Building, Parking Lot, unimproved parcel or any Commercial, Industrial, Institutional or Multi-Family Residential property in the City of Philadelphia? Your monthly bill from the Philadelphia Water Department may be increasing.]]></description>
		<pubDate>Wed, 23 Jun 2010 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2252</guid>
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		<title><![CDATA[Destiny USA v. Citigroup: A Broad Precedent or a Sign of the Times?]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2170</link>
		<description><![CDATA[The Destiny USA v. Citigroup case has thus far been a setback for Citigroup, among many for the troubled banking giant. An initial decision was rendered on July 20, 2009 by the Supreme Court, Onondaga County, and a 3-2 decision was rendered on November 13, 2009 by the Appellate Division, Fourth Department. The trial court ordered preliminary injunctive relief against Citigroup as construction lender and the Appellate Division upheld the injunction, although it narrowed the trial court&#x2019;s ruling. Citigroup has requested &#xad;permission to appeal to the New York Court of Appeals, New York&#x2019;s highest state court, but it is not clear whether the Court will hear this discretionary appeal.]]></description>
		<pubDate>Mon, 01 Mar 2010 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2170</guid>
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		<title><![CDATA[Co-Tenancy Issues in Turbulent Times]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2171</link>
		<description><![CDATA[Co-tenancy or so called &#x201c;inducement clauses&#x201d; have long been a part of modern shopping center development and retail leasing strategies. The rationale supporting a tenant request is fairly simple&#x2014;the tenant is relying upon certain anchor tenants or...]]></description>
		<pubDate>Mon, 01 Mar 2010 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2171</guid>
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		<title><![CDATA[An Attractive Opportunity: How the Smart Grid Can Help You Lower Energy Costs]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2172</link>
		<description><![CDATA[The electricity industry&#x2019;s movement toward the development of a Smart Grid presents a unique opportunity for owners and developers of large-scale real property (e.g. office buildings, warehouses and manufacturing and distribution centers) to reduce energy costs and &#x201c;go green&#x201d; through the implementation of Smart Grid technologies and the utilization of demand response services.]]></description>
		<pubDate>Mon, 01 Mar 2010 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2172</guid>
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		<title><![CDATA[The Great Recession of 2008-2009: A California Perspective on the Economic Recovery]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2173</link>
		<description><![CDATA[The U.S. and California economies continue to struggle in the wake of the worst economic recession since the Great Depression of 1929-1939. California has been particularly hard hit, with higher unemployment than the national average and the collapse of a housing market that was among the most &#x201c;overheated&#x201d; residential markets in the United States. The following are observations from Blank Rome&#x2019;s Los Angeles office on the current state of affairs and business opportunities in the California real estate economy.]]></description>
		<pubDate>Mon, 01 Mar 2010 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2173</guid>
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		<title><![CDATA[Legal Lingo of the Times]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2174</link>
		<description><![CDATA[PNL: &amp;ldquo;pre-negotiation letter;&amp;rdquo; a PNL is an agreement executed by borrower and lender whereby the lender sets forth the prerequisites for it to enter modification or work-out &amp;shy;discussions, which typically include the caveat that all...]]></description>
		<pubDate>Mon, 01 Mar 2010 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2174</guid>
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		<title><![CDATA[Philip Rosenfeldt Article Featured in Retail Law Strategist]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2095</link>
		<description><![CDATA[Philip R. Rosenfeldt, Institutional Real Estate Practice Group Leader, recently wrote an article that was published in the December 2009 issue of Retail Law Strategist.&amp;nbsp; The article, entitled &amp;#8220;Co-tenancy Issues During Turbulent Times,&amp;#8221; discusses important points&amp;nbsp;and issues landlords should consider when providing co-tenancy rights to a prospective tenant.]]></description>
		<pubDate>Mon, 14 Dec 2009 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2095</guid>
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		<title><![CDATA[Solar Rooftop Generation: A Primer for Real Estate Owners and Developers]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2074</link>
		<description><![CDATA[The electricity industry&amp;#8217;s movement toward renewable energy development presents a unique opportunity for owners and developers of large-scale real property (e.g., warehouses and distribution centers). Such owners are exploring the feasibility of reducing energy costs and &amp;#8220;going green&amp;#8221; through the installation of on-site renewable (solar) generation. One exciting and growing application of renewable electric generation entails the installation of rooftop solar, photovoltaic (&amp;#8220;PV&amp;#8221;) panels to convert the sun&amp;#8217;s energy directly into electricity. The following is a primer on what real estate owners and developers need to consider before embarking on the installation of a rooftop PV system.]]></description>
		<pubDate>Tue, 13 Oct 2009 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2074</guid>
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		<title><![CDATA[Chinese Go Bargain Shopping for U.S. Real Estate]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2075</link>
		<description><![CDATA[Americans are witnessing one of the worst corrections in history in the U.S. real estate market as evidenced by steep declines in new home sales and rapidly growing real estate foreclosures. The S&amp;P-Case-Shiller Home Price index reported that 11 of 20 metro areas around the nation showed the highest decline in annual rates ever on record. This huge decline in real estate prices is due to immense oversupply caused by dwindling demand as a result of numerous factors including low consumer confidence, high unemployment rates, high cost of production and difficulty in obtaining mortgage financing. The Center of Responsible Lending projects that foreclosures will reach 2.4 million nationwide in 2009.]]></description>
		<pubDate>Tue, 13 Oct 2009 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2075</guid>
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		<title><![CDATA[Negotiating with Commercial Lenders in Turbulent Economic Times]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2076</link>
		<description><![CDATA[Real estate professionals are well aware of the dramatic decline in the origination of commercial real estate loans in these last few months of economic turbulence. Projections for 2009 consistently demonstrate a steep fall in loan volume from the peaks of just a few years ago. However, it is important for real estate professionals to be aware of an emerging trend in real estate lending&amp;#8212;some lenders who are willing to fund new commercial loans are assuming an inflexible &amp;#8220;take it or leave it&amp;#8221; approach, forcing borrowers to assume legal and-or business risks that they previously would have strenuously resisted.]]></description>
		<pubDate>Tue, 13 Oct 2009 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2076</guid>
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	<item>
		<title><![CDATA[Final Regulations and New Guidance Regarding Loan Modifications for REMICs Holding Commercial Mortgage Loans]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2077</link>
		<description><![CDATA[On September 15, 2009, the IRS released final regulations and a Revenue Procedure addressing modifications to commercial mortgage loans held by real estate mortgage investment conduits (&amp;#8220;REMICs&amp;#8221;). The new regulations are designed to &amp;#8220;accommodate the evolving practices in the commercial-mortgage industry,&amp;#8221; while the Revenue Procedure addresses &amp;#8220;[t]he current situation in the credit markets &amp;#8230; affecting the availability of financing and refinancing for commercial real estate.&amp;#8221;]]></description>
		<pubDate>Tue, 13 Oct 2009 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=2077</guid>
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	<item>
		<title><![CDATA[Loan Documents: Late Charges on Balloon Payments]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=1952</link>
		<description><![CDATA[In the current economic crisis, many borrowers are finding themselves unable to timely repay their mortgage loans. As a result, a critical issue for borrowers to examine is whether their loan documents impose a late charge on the final balloon payment of principal due on the maturity date and, if so, whether such late charge is enforceable.]]></description>
		<pubDate>Mon, 23 Mar 2009 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=1952</guid>
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	<item>
		<title><![CDATA[Blank Rome Offers Five Tips for Implementing a Building Strategy That Will Grow the Bottom Line]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=1918</link>
		<description><![CDATA[In today's green business climate, environmental and social aspects of commercial relationships and operations are becoming increasingly scrutinized and more closely linked to financial performance.]]></description>
		<pubDate>Tue, 10 Mar 2009 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=1918</guid>
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	<item>
		<title><![CDATA[Title Insurance Reissue Rates Must Be Disclosed]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=179</link>
		<description><![CDATA[Title agents and others involved in loan closings, e.g., mortgage brokers and lenders, must be sensitive to the need for consumers to be educated about title fee discounts to which they may be entitled. Florida&amp;#8217;s largest title insur...]]></description>
		<pubDate>Wed, 19 Apr 2006 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=179</guid>
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	<item>
		<title><![CDATA[EPA Issues Proposed Environmental Due Diligence Rule]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=392</link>
		<description><![CDATA[The existing ASTM Phase I Environmental Site Assessment (E1527-2000) standard used to assess environmental risks in transactions will soon be history. Why? EPA published a proposed rule in the Federal Register on August 26, 2004 that establishes a...]]></description>
		<pubDate>Thu, 07 Oct 2004 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=392</guid>
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	<item>
		<title><![CDATA[Bankrupt Landlord Sale Terminates Leases]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=420</link>
		<description><![CDATA[We frequently see cases involving bankrupt tenants and their rights to terminate leases. It is less common to see cases that involve the effect of a landlord's bankruptcy on tenants' rights.]]></description>
		<pubDate>Mon, 07 Jul 2003 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=420</guid>
	</item>
	
	<item>
		<title><![CDATA[Sept. 11 Impacted Risk of Loss Doctrine]]></title>
		<link>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=342</link>
		<description><![CDATA[Typical Contractual Language and Statute Will Not Necessarily Protect Purchasers Now]]></description>
		<pubDate>Mon, 19 Aug 2002 05:00:00 GMT</pubDate>
		<guid>http://www.blankrome.com/index.cfm?contentID=37&amp;itemID=342</guid>
	</item>
	
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