A senior principal at a sponsor firm resigns, joins a competitor, and still expects her share of the promote on three deals the firm sponsored. Whether the firm must pay…
Mendes v. Gill, No. 2282CV00135 (Mass. Super. Ct., Norfolk Cty., Sept. 14, 2026) (Gant, J.) Summary On September…
If you sponsor real estate deals financed through a special purpose entity, you have signed loan documents that…
If you own an interest in an LLC, you probably assume your co-owners owe you loyalty and care.…
A Nantucket owner tried to erase her own companies. The record would not let her. The Land Court’s…
Two couples agreed to form an LLC as equal members to develop and operate an upscale restaurant. One couple made its full capital contribution. The other contributed a portion and…
Institutional capital regularly takes non-managing positions in real estate joint ventures, relying on sponsor execution and structural protections to safeguard the investment. A February 2025 decision from the Massachusetts Business…
Special purpose entity covenants occupy an awkward place in real estate joint venture documentation. The covenants themselves typically appear in the loan documents, where they protect the lender’s interest in…