Atlanta Real Estate Lawyer

Are Many Commercial Property Foreclosures And More Bank Failures In Store For 2010 ?

2010-01-24T19:41:00.001-08:00

The answer is yes according to my network of contacts in the banking, business, and FDIC worlds. Commercial mortgages are often set to balloon every 5 to 7 years, and many more commercial loans will balloon in 2010. Those loans were based upon loan to value ratios that can't be sustained under today's lower appraised values. That means commercial property owners will be required to come up with substantial cash down payments to renew their loans. Many will not be able to afford to pay these down payments, and their commercial properties will go into foreclosure.

Many banks have so many of these commercial loans that will go bad in 2010 that they will be forced into receivership by the FDIC.

The burst of the commercial loan bubble may hit with full force in 2010, and therefore 2010 is likely to be a quite trying time for commercial real estate investors, developers, and bankers.

If you need help in working out a commercial loan problem or if you are a real estate investor or real estate developer the lawyers at the law firm of AttorneyBritt may be able to help.

For More Information Contact The Atlanta, Georgia Law Offices Of AttorneyBritt:

AttorneyBritt
Gary L. Britt, CPA, J.D.
1200 Abernathy Road, Suite 1700
Atlanta, Georgia 30328

404-567-6445

“Lawyer's That Mean Business”

IRS Circular 230 Disclosure: To ensure compliance with requirements imposed by the IRS, we inform you that any tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.

Retail medical clinics offer savings, spark controversy

2009-11-17T16:44:00.000-08:00

For satisfied consumers, receiving low-cost, non-urgent health care services at a retail clinic is an attractive alternative to traditional long waits in a physician's office. As a less costly alternative to primary care physician or emergency room visits, health plans increasingly are covering care at retail clinics.

Yet, the emergence of retail clinics in convenient settings such as pharmacies and grocery stores has sparked controversy. In some states and localities, regulators are fearful that it represents a compromise to safe and effective care. In many communities, local physicians have actively campaigned against retail clinic openings and advised patients to seek care elsewhere.

Retail Clinics: Update and Implications, a new study by the Deloitte Center for Health Solutions, updates the Center's 2008 report on this emergent innovation and discusses implications for the future.

Two years ago, retail clinics' value proposition seemed solid. However, as is true for many new business models, the path to sustainability is not without risk. Some have characterized the initial wave of retail clinic growth as a bubble likely to burst. Indeed, store closings in 2008 caught the attention of industry observers, while investors challenged operators for stronger returns and business model refinements.

What is the status of retail medicine today? What is ahead? Retail Clinics: Update and Implications addresses these important questions.

Read the full report on Deloitte.com.

For More Information Contact The Atlanta, Georgia Law Offices Of AttorneyBritt:

AttorneyBritt
Gary L. Britt, CPA, J.D.
1200 Abernathy Road, Suite 1700
Atlanta, Georgia 30328

404-567-6445

“Lawyer's That Mean Business”

Commercial Real Estate Rebound Lags Behind Other Indicators

2009-05-20T07:50:00.000-07:00

ANDREW LITTLE TIMES-DISPATCH COLUMNIST
Published: May 11, 2009

It isn't clear if Wynonna Judd was singing about commercial real estate in her hit "Rock Bottom" from a few years back.

But the lyrics "rock bottom is good solid ground" most certainly applies to the industry to day.

The economy seems to be bumping along at what many are calling the bottom, where the lack of more negative news is good news, and a few bright notes give hope there is light at the end of the tunnel.

Consumer confidence rebounded in April to where it was in September, and the pace of job losses has abated somewhat. Positive news has also helped propel the stock market over the last eight weeks, and the S&P 500 is up nicely since its March 9 low.

In the commercial real estate world, however, consumer confidence and the stock market surge don't translate to transactions and development.

In fact, it feels more analogous to going outside after a heavy downpour where the river has flooded and everyone is trying to figure out how high the crest will be.

So while the leading indicators say perhaps it is time to come out of our bunkers, those who watch commercial real estate, as a lagging indicator, are trying to measure how high vacancies and cap rates are going to go.

This downturn has been somewhat indiscriminate, causing job losses across a broad swath of the economy. Employment is still negative in some 90 percent of the nation's top markets.

Read More...

For More Information Contact The Atlanta, Georgia Law Offices Of AttorneyBritt:

AttorneyBritt
Gary L. Britt, CPA, J.D.
1200 Abernathy Road, Suite 1700
Atlanta, Georgia 30328

404-567-6445

“Lawyer's That Mean Business”

Help for Homebuyers: A Guide to the New First-Time Homebuyer Credit

2009-05-20T07:47:00.000-07:00

Nell Adkins and B. Charlene Henderson

The first-time homebuyer credit, introduced by the Housing and Economic Recovery Act of 2008, PL 110-289 (the 2008 act), has been substantially modified and clarified by two developments this year: the passage of the American Recovery and Reinvestment Act of 2009, PL 111-5 (the 2009 act), and the issuance of IRS Notice 2009-12 (IRB 2009-6). This refundable credit, as part of the federal government’s overall economic stimulus effort, is intended to enhance buying incentives in the current economy and encourage and aid first-time homebuyers. A first-time homebuyer is defined as an individual (and if married, the individual’s spouse) who has not had an ownership interest in a principal residence in the three-year period ending on the date of purchase (IRC § 36(c)(1)). Read More...

For More Information Contact The Atlanta, Georgia Law Offices Of AttorneyBritt:

AttorneyBritt
Gary L. Britt, CPA, J.D.
1200 Abernathy Road, Suite 1700
Atlanta, Georgia 30328

404-567-6445

“Lawyer's That Mean Business”

CCIMs Explain How Real Estate Investors And Developers Are Weathering The Downturn

2009-05-20T07:39:00.000-07:00

The Corporate Climate
By Rich Rosfelder

Spurred on by the unyielding economic malaise, corporations have retooled their real estate portfolios along with their business plans. Some are capitalizing on a scarcity of competition by expanding operations, while others are weathering the storm by consolidating investments and renegotiating leases. In all cases, corporate real estate professionals face an urgent need to streamline portfolio performance, improve client relationships, and keep pace with an evolving marketplace.

And although this evolution will continue, it has its advantages, notes James M. Costello, principal and director of investment strategies at Torto Wheaton Research. “When there are changes, it gives you an opportunity to think about things in a new way.”
But how do companies keep pace with a rapidly changing environment? Commercial Investment Real Estate asked five corporate real estate experts from around the country to discuss how their companies are facing the current market’s unique challenges and advantages.

Full Article Here

If you have questions about or need help with your real estate companies and investments, contact the Atlanta, Georgia Law Offices Of AttorneyBritt:

AttorneyBritt
Gary L. Britt, CPA, J.D.
1200 Abernathy Road, Suite 1700
Atlanta, Georgia 30328

404-567-6445

“Lawyer's That Mean Business”

AttorneyBritt, Gary L. Britt, CPA, J.D.

2009-05-02T08:25:00.001-07:00

AttorneyBritt
Gary L. Britt, CPA, J.D.
Attorney At Law
1200 Abernathy Road
Northpark Center 600
Suite 1700
Atlanta, Georgia 30328

404-567-6445

Gary L. Britt, CPA, J.D., Attorney At Law, and the law firm of AttorneyBritt serves the legal needs of businesses, individuals, professionals, partners, corporations, limited liability companies, partnerships, estates, and trusts throughout Georgia and the Atlanta Metropolitan Area.

The law firm of AttorneyBritt acts as lawyer, trusted advisor and business planner for clients from Fulton, DeKalb, Cobb, Bartow, Cherokee, Gwinnett, Hall, and Tift counties Georgia, with offices located in Atlanta, Georgia, Sandy Springs - Dunwoody, Georgia, Duluth, Georgia, and Tifton, Georgia.
Business Lawyers And Attorneys: Estate Planning, wills, trusts, estate administration, and litigation, including construction disputes and lawsuits, homebuilder and architect disputes, and litigation, contract disputes and litigation, and other lawsuits and litigation; Representation for buying or selling a business, mergers and acquisitions, buy-sell agreements, shareholder and partner agreements, and other contracts, and agreements of all types; Employment contracts, agreements, and disputes.

The law firm of AttorneyBritt in Atlanta, Georgia listens carefully to our clients and provides quality legal representation in the areas of business law, real estate, home defects, construction law, probate, tax law, wills, trusts, estates, probate, and estate litigation. The law firm of AttorneyBritt and Gary L. Britt, CPA, J.D., Attorney At Law, serve clients in the Atlanta metro area, including without limitation Alpharetta, Fairburn, Roswell, Sandy Springs, Buckhead, Decatur, Lithonia, Druid Hills, Dunwoody, Tucker, Marietta, Smyrna, Vinings, Duluth, Acworth, Cartersville, Fayetteville, Marietta, Suwanee, Lawrenceville, Buford, Norcross, Morrow, Riverdale, Canton, Milton, John's Creek and other cities throughout North Georgia and located in:

Fulton County | DeKalb County | Cobb County | Bartow County | Gwinnett County | Hall County | Fayette County | Cherokee County | Douglas County | Clayton County

2009-05-02T08:12:00.000-07:00

Integrity, Trust, And Quality Service

Since 1985, AttorneyBritt, Gary L. Britt, CPA, J.D., Attorney At Law, has stood for all of these things. At the law firm of AttorneyBritt, we build relationships based on integrity, trust, and quality service. We take your customer experience serious. In a hectic world, we are here to help you make informed decisions about your individual and business problems. See what makes AttorneyBritt a better choice for your legal needs. Let us make a difference in your world - a world that just became a little bit easier and more profitable.

AttorneyBritt, Gary L. Britt, is both a lawyer and Certified Public Accountant. AttorneyBritt provides a multidisciplinary and comprehensive approach to solving the multifaceted legal, tax law, and business problems of our individual, professional, and corporate clients.

Gary L. Britt, CPA, J.D., Attorney At Law, has over 25 years of experience helping individuals, businesses, and business owners prosecute and defend lawsuits; manage, structure, and govern their business transactions , contracts, and agreements; protect their assets; and successfully transfer their wealth to future generations.

AttorneyBritt provides service and consultation in several areas:

Lawsuits: Contract disputes. Partnership, shareholder, buy-sell, and other disputed agreements. Litigation of disputes between businesses, between businesses and individuals, or between two or more individuals. Filing and Defending Lawsuits of all types.
Business Transactions: Business formation and organization, shareholder and partnership agreements, buy-sell agreements, asset protection, and business succession planning.
Tax Planning and advice for corporations, partnerships, and individuals.
Tax Audit and tax assessment-collection problems with the IRS (Internal Revenue Service) or the Georgia Department of Revenue. Offers in compromise and settlement of tax debts .

Wills, Trusts, and Estates: Will preparation, estate planning, estate administration, asset protection, probate, and will contests.
More Information About Our Services

AttorneyBritt has spent over 23 years serving as either General Counsel or lead outside counsel for various multifaceted business groups involved in: multi-jurisdiction state and federal litigation and arbitration disputes; multi-state commercial real estate development, leasing, and management; hotels; restaurants; manufacturing; franchisees and franchisors; an independent music label; an internet application service provider; and various medical and dental service groups.