Before the coronavirus hit, the real estate industry was riding an all-time high. Global CRE investment was at its highest level ever, home building was up, and developers were eager to use the industry’s continued momentum to get new projects...By: Goulston & Storrs PC
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In a memo from Chief of Operations Patrick Brophy, Mayor Martin J. Walsh announced last night that Boston will incrementally expand its categories of allowed construction to further align with Governor Charlie D. Baker’s Order regarding essential...By: Goulston & Storrs PC
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What does Victoria’s Secret reveal about the perilous nature of doing deals in a pandemic? In two words, buyer beware. On February 20, 2020, as the stock market roared to an all-time high, Sycamore Partners inked a $525 million deal to purchase a...By: Goulston & Storrs PC
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On March 31, 2020, Governor Baker issued an order extending his March 23rd emergency order temporarily closing bricks-and-mortar premises of businesses that do not provide COVID-19 Essential Services to May 4. As part of the March 31st order, Baker...By: Goulston & Storrs PC
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The COVID-19 virus has ushered in unprecedented and challenging times for our country and our global community. From the deeply personal pain and suffering caused by the virus as a health pandemic to behavioral adjustments in the consumer population...By: Goulston & Storrs PC
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On March 27, 2020, the New York State Department of Economic Development d/b/a Empire State Development (the “Department”) issued guidelines revising the definition of “essential businesses” in New York State following Governor Cuomo’s Executive...By: Goulston & Storrs PC
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As COVID-19 has proliferated throughout the United States, the resulting health-related government actions - in the form of school and business closures, emergency declarations, shelter in place requirements and the like - along with the behavioral...By: Goulston & Storrs PC
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In the social and economic fallout from the Coronavirus, businesses are assessing how best to address their commercial relationships, especially where potentially insurmountable barriers to performance loom large. One clause that concerns...By: Goulston & Storrs PC
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Effective Tuesday, March 17, the City of Boston is suspending all regular activity on construction sites in the City until further notice....By: Goulston & Storrs PC
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There is perhaps no more consistently vexing problem for transactional attorneys on opposite sides than figuring out a fair contractual resolution for “sandbagging” issues....By: Goulston & Storrs PC
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