CARES Act Impact on Real Estate (COVID-19 Legislation), by Brent G. Cheney

On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). While much of the CARES Act focuses on providing economic relief to individuals and businesses impacted by COVID-19, certain provisions of the Act will have direct and indirect impacts on real estate holdings. The following provides a summary of the key provisions that will impact real estate holdings: [Section 2307] The CARES Act provided a much needed technical amendment to Internal Revenue Code section 168, by providing that a “qualified improvement property” will now have an intended 15-year life rather than
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Parker Milliken’s Financial Services and Creditors’ Rights Department tackles issues presented by COVID-19

Having supported our clients through good times and bad for well over 100 years, Parker Milliken remains dedicated to keeping its clients informed of any significant changes in the national, state and local laws caused by COVID–19 and assisting our clients with the development of new and creative strategies. Many challenges have arisen due to isolation precautions issued throughout the State of California and the nation, as well as the resulting tidal wave of new rules, regulations and ordinances being issued almost daily. These widespread changes affect such areas as commercial loan production, litigation, work-outs, evictions and foreclosure, and bankruptcy.
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Parker Milliken’s Business Transactional, Corporate and Real Estate Department COVID-19 Update on Commercial Evictions, by Brent G. Cheney

Having supported our clients through good times and bad for well over 100 years, Parker Milliken remains dedicated to keeping its clients informed of any significant changes in the national, state and local laws caused by COVID–19 and assisting our clients with the development of new and creative strategies. This update focuses on the impact that COVID-19 has had and will continue to have on commercial evictions. As must people know from the media coverage, last week President Trump ordered the suspension of all evictions and foreclosures for all properties owned by the United States Department of Housing and Urban
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Michael B. Luftman selected by his peers in The Best Lawyers in America ® 2020 for Trusts and Estates

Michael B. Luftman was selected by his peers for inclusion in the 2020 Edition of The Best Lawyers in America©, for Trusts and Estates. Attorneys on the list were selected based on exhaustive peer-review surveys that examine the professional abilities, current practice, and experience of each lawyer. Mr. Luftman’s practice emphasizes tax planning for owners of privately held businesses, high net worth individuals and professionals. He has extensive experience with all types of estate and gift tax matters, including succession planning for privately held businesses, charitable gifting, private foundations, limited partnerships, pension planning, asset protection planning, and probate and trust
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Gary Tokumori and Kenneth Miller’s presentation at the Western Bankers Association Lenders & Chief Credit Officers Conference

Gary Tokumori and Kenneth Miller will be speaking at the Western Bankers Association Lenders & Chief Credit Officers Conference on the topic, “Detecting a Problem Loan Before it Becomes a Problem”: In commercial lending, it is critical to determine and assess problem loans as quickly as possible in order to allow the lender to efficiently resolve them. In this session, learn how the lender’s business and legal teams can work together to quickly identify potential risks and issues, and design strategies to both minimize the lender’s problem loans and potential exposure. Explore a variety of techniques to maximize recovery and
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Parker Milliken will be hosting its 35th Annual Environmental Law Seminar

Parker Milliken will be hosting its 35th Annual Environmental Law Seminar at the Omni Hotel. As in prior years, this year’s program will feature distinguished speakers from key governmental agencies who will discuss the latest developments regarding environmental compliance and enforcement issues, including how recent cleanup standards may impact a business’ or property owner’s ability to achieve site closure and how these new regulations may adversely increase your legal liability. The day’s activities will also feature a stellar enforcement panel which will discuss the latest trends and developments in environmental administrative, civil and criminal enforcement. As always, our program will
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Western Justice Center’s Justice Awards Gala

Parker Milliken proudly supports firm client Northern Trust as it receives the Advocate of Justice award from Western Justice Center (“WCJ”) at the 2019 Justice Awards Gala and Auction. WJC is a non-profit organization that empowers people to resolve conflicts peacefully and to address the biases that often underlie those conflicts, and Parker Milliken congratulates Northern Trust on its continuing work to help WJC achieve its mission. For more information, visit www.westernjustice.org Where Vibiana, 214 South Main Street, Los Angeles, California
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Gary Ganchrow’s presentation at the Apartment Association of Greater Los Angeles (AAGLA) Annual Conference and Expo

Gary Ganchrow will be presenting at the 2019 Apartment Association of Greater Los Angeles (AAGLA) Annual Apartment Buildings conference and expo. Gary Ganchrow’s presentation, “How to Avoid Falling Prey to Attorneys Looking to File Resident Manager Lawsuits,” will address the common pitfalls, misconceptions, and solutions when paying and terminating resident managers. Register at https://bit.ly/2LmtY0s. For more information on the conference and expo, visit buildingsla.com Where Pasadena Convention Center, Pasadena, California 2:30 PM, Stage 2
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