Tag Archives: Gravel2Gavel

Is a By-the-Hour Motel a Single Asset Real Estate for Chapter 11 Purposes? | Pillsbury – Gravel2Gavel Construction & Real Estate Law

Single asset real estate (SARE) is a unique classification under the Bankruptcy Code with implications for both debtors and lenders. SARE classification is apparent for a property such as a shopping center, apartment complex or office building where the debtor’s income is generated exclusively from real estate operations, but is less apparent for a hospitality… Read More »

Commercial Real Estate Brokerages in an Uncertain Russian Market | Pillsbury – Gravel2Gavel Construction & Real Estate Law

Several commercial real estate firms have joined the growing list of companies temporarily suspending – or outright terminating – property and facility management operations in Russia amid economic sanctions and mounting international pressure. CBRE is the latest to make such a move, discontinuing its Russian leasing, investment and property management operations and denouncing Russia’s invasion… Read More »

Superfund Chemical Taxes Reinstated | Pillsbury – Gravel2Gavel Construction & Real Estate Law

Section 80201 of the Infrastructure Investment and Jobs Act of 2021, Public Law 117-58, reinstates the long-expired federal excise taxes that are imposed on specified chemical substances used in common industrial applications pursuant to Sections 4661 and 4671 of the Internal Revenue Code. The effective date of this reinstatement is July 1, 2022, and these… Read More »

NFT Use Cases in Real Estate | Pillsbury – Gravel2Gavel Construction & Real Estate Law

[co-author: David W. Wright] Non-Fungible Tokens (NFTs) are changing how we think about asset ownership in the real world and in the digital world. NFTs—unique digital tokens stored on a blockchain ledger that represent ownership of an asset, either real or virtual—have gained significant popularity in realms such as art, gaming and entertainment, as a… Read More »