We are pleased to report that Di Santo LLP is serving as general counsel to CleanTech REIT, Inc. We believe that the REIT structure provides a tax-efficient structure for purposes of acquiring and financing renewable energy and infrastructure projects.
http://www.crainsnewyork.com/article/20110222/REAL_ESTATE/110229978
Di Santo LLP partners Julia Cheng (corporate) and Christian Bruno (real estate) represent an upscale international fashion company in its corporate matters and long-term commercial retail lease negotiations for its Madison Avenue flagship store.
On Thursday, May 13, 2010 at 2:00PM (EDT), Beth A. Di Santo will lead a webinar on REIT Restructurings & Recapitalizations in 2010. For more information, please visit http://execsense.com/details.asp?id=1163 or e-mail info@disantolaw.com. The webinar will include discussions regarding trends in REIT equity and debt offerings, commercial real estate and CMBS loan restructurings and predictions for REIT growth in 2010 and beyond.
In order to speed up the process of negotiating with lenders on properties “underwater”, the US Treasury has imposed 10-day limit on lenders to approve or deny “short sales” of real estate. Program must be implemented by lenders no later than April 2010. Additionally, Treasury is offering financial incentives to lenders, servicers and investors as well as relocation credits to borrowers. However, an aggregate cap of $3000 in short sale proceeds to subordinate lienholders has created contention among industry insiders.
http://www.sun-sentinel.com/business/os-short-sale-guidelines-20100112,0,3833374.story