O’pen Mind
"A lawyer's blog forum with commentary on real estate and business issues, life, balance, perspective, and the interesting places we sometimes find life's lessons."
Author: Warren Kirshenbaum is of counsel at Orsi, Arone, Rothenberg, Iannuzzi, & Turner in Needham, Mass.
Blawg Related Categories: Real Estate & Property Law • Economics
Recent Posts from O’pen Mind
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The white knuckle business cycle of the finance market
As the ink dries on the first half of financial 2008, we seem to be huffing and puffing up a steep hill that keeps getting higher and higher. Press speculation about our approaching the summit…
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Opportunity missed by SJC to explain permitting issues
While reading recent Supreme Judicial Court (SJC) decisions addressing comprehensive permitting under G.L. c.40B, §§20-23, the statute more commonly known as Chapter 40B, it became difficult not to conclude that the SJC missed an opportunity…
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These are tough times, but they present solid opportunities
The end of the first financial quarter of 2008 resulted in a systemic market decline, reflecting Wall Street's conclusion that the U.S. may be headed toward a recession. Testifying before congress, the Federal Reserve chairman,…
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Knee-jerk collateralization due to economy rather than the deal
Typically in financing a deal, lenders underwrite a loan relying on the project's cash flow; they use financial covenants, such as a debt service coverage ratio as a testing mechanism; insert a reserve requirement; manipulate…
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The dirty "R" word
I'm going to call it. Recession is a dirty word, a word that just doesn't roll very easily off politicians tongues. It's not what you want to hear, and it's a word that you just…
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You still need the address for GPS to work
As attorneys, we find ourselves from time to time being called upon to guide clients through business situations that require skills more akin to a consultant than a legal advisor. In that role, I find…
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A Housing Crisis - Is that what the smart money thinks?
In a meeting this week, a realtor that I work with said that the meltdown in the housing market is more about the media's perception of the market than the state of the market itself.…
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It's My Turn
I have been thinking about creating a blog for some time, and the first week of a new year seemed about as good a time as any to get my blog going. It's not a…