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Articles by Alex Grigorians
The ULA Ordinance and Recent Updates: Increased Thresholds and LA City Council Proposes New Exemptions
During the November 2022 Los Angeles Midterm Elections, voters approved Measure ULA (United to House LA), formally referred to as the “Homelessness and Housing Solutions Tax” and informally referred to as the “mansion tax.” Measure ULA applies to both residential and commercial real estate located within the City of Los Angeles (not including incorporated cities like Beverly Hills or Santa Monica). Effective April 1, 2023, there is currently no end date on the tax measure.
The ULA Ordinance and Recent Updates | JD Supra
During the November 2022 Los Angeles Midterm Elections, voters approved Measure ULA (United to House LA), formally referred to as the “Homelessness and Housing Solutions Tax” and informally referred to as the “mansion tax.” Measure ULA applies to both residential and commercial real estate located within the City of Los Angeles (not including incorporated cities like Beverly Hills or Santa Monica). Effective April 1, 2023, there is currently no end date on the tax measure.
Calif. Banking Brief: All The Notable Legal Updates In Q1
ADVERTISEMENT Don't want ads? Subscribe or login now. By Alex Grigorians (April 2, 2024, 5:07 PM EDT) -- In this Expert Analysis series, attorneys provide quarterly recaps discussing the biggest developments in California banking regulation and policymaking.... A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence.
Banking Tips For Lending To Calif. Homeowners Associations
By Alex Grigorians (June 1, 2023, 6:03 PM EDT) -- Recent challenges in the financial markets, coupled with recent changes in California law to bank remedies following a default, have placed a brighter spotlight on California lending, including on homeowners association banks and borrowers.... Stay ahead of the curve In the legal profession, information is the key to success. You have to know what's happening with clients, competitors, practice areas, and industries.
Lenders, Beware: Damages Provisions May Be Declared an Unlawful Penalty
Prudent commercial real estate lenders active in California should consider the cautionary tale of the California Appellate Court’s September 2022 decision in Honchariw v. FJM Private Mortgage Fund LLC. Based on this decision, a lender seeking to exercise remedies, including charging default interest following a borrower’s default, should carefully look at any remedy provisions within their loan documents, especially those that can be construed as amounting to liquidated damages.
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