Year: 2019

Guarantor Provisions to Negotiate in Non-Recourse Financing

11/08/2019Crouch, Richard J.

Many commercial real estate loans are “non-recourse,” which means in general terms that foreclosing on the real estate securing the loan is the lender’s sole remedy for a borrower’s failure to repay the loan.  The lender is generally prohibited from suing the borrower entity or any individual guarantors to recover the unpaid debt or any… Read more »

Preemptive Wordsmithing: Considering Future Alterations of Commercial Property at the Outset

11/07/2019Crouch, Richard J.

Borrowers often envision future alterations to enhance the economic value of the commercial real estate asset, when closing the initial loan. Such alterations can be in the form of capital improvements, tenant improvements, renovations, and/or expansions of the facility. At term sheet negotiation, the borrower should consider the long-term and short-term plans for the property,… Read more »

Vandeventer Black’s Summer Associate Returns for Employment

10/30/2019Salmon, Daniel

Daniel Salmon, a recent J.D. graduate from the Washington University in St. Louis, has joined Vandeventer Black as an attorney in the firm’s Construction and Government Contracts Practice Group and will be assisting clients out of their Norfolk office. Salmon began his legal career as part of the firm’s Summer Associate Program in 2018. “I… Read more »

Vandeventer Black’s James R. Harvey Receives Preeminent Peer Review Rating

10/30/2019Vandeventer Black

Vandeventer Black attorney, James “Jim” R. Harvey, received the AV® Preeminent® Peer Review Rating™ from Martindale-Hubbell®, the legal profession’s most prestigious rating service. This is the highest possible rating for an attorney for both ethical standards and legal ability. The “AV” designation represents the pinnacle of professional excellence and achieved after an attorney has been reviewed… Read more »

YOUR SWAM CERTIFICATION IS AT RISK

10/30/2019Sterling, Michael L.

The Virginia Department of Small Business and Supplier Diversity (DSBSD) administers the small, women-owned and minority-owned (SWaM) business program. The DSBSD SWaM Certification Division reviews initial and recertification applications. DSBSD certification eligibility determinations are based on existing circumstances at the time of application. The criteria are in the Commonwealth of Virginia Administration Code regulations: 7VAC13-20-40…. Read more »

Shopping Subcontractors After Using Bid That Resulted In Contract Award

10/28/2019Salmon, Daniel

Can contractors “shop” bids after obtaining and using them to obtain contract awards?  Generally speaking, the answer is yes under Virginia law.  However, the law varies in other jurisdictions.  While this may not seem necessarily fair, jurisdictional views vary. For example, Virginia holds that bids are a means by which the prospective subcontractor (SC) and… Read more »

Vandeventer Black Gears Up for its 2nd Mid-Atlantic Capital Sources Forum in Norfolk

MACS forum fall 2019

10/23/2019Vandeventer Black

Last year, Vandeventer Black launched the Mid-Atlantic Capital Sources (MACS) Forum where over 100 business owners, investors, CEOs, CFOs, and other professionals gathered insights on the various types of capital sources available in the marketplace to growing companies. Due to the success of this event, the second edition will be taking place on November 6,… Read more »

STATUTES, STATUES, AND MUNICIPAL CONSTITUTIONAL RIGHTS (Part 2)

The EDVA Norfolk Blog - EDVA Courthouse picture

10/18/2019Paul, Dustin M.

We previously discussed the suit in the EDVA brought by the City of Norfolk against the Commonwealth of Virginia to try and remove the civil war monument in downtown Norfolk.  Service has been waived, and we can now expect responsive pleadings on October 22, 2019.  Then we will see whether the state challenges the right… Read more »