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Massachusetts Court Holds Commercial Tenants May Be Relieved From Paying Rent Due To The Governor’s COVID-19 Orders

In February, the Business Section of the Massachusetts Superior Court ruled that a restaurant that was closed due to Governor Baker’s order barring restaurants from allowing on-premises consumption of food or drinks did not have to pay rent during the period of forced closure. UMNV 205-207 Newbury, LLC v Caffe Nero Americas Inc. In this […]

Local and Regional Economic Development Opportunities Under Massachusetts’ New “Act Enabling Partnerships for Growth”

You may have heard that Governor Baker recently signed House Bill H5250, entitled “An Act enabling partnerships for growth.” We have been closely reviewing this new economic development law, and we are excited to share with you that it contains a wide variety of economic development incentives for both SouthCoast businesses and residents generally, and the […]

Update: the Massachusetts Foreclosure & Eviction Moratorium Just Ended – What you need to know

Friends, As you may recall, earlier this year we alerted you to the fact that Governor Baker signed into law a new Act imposing a temporary moratorium on certain evictions and foreclosures in Massachusetts in response to the COVID-19 Emergency. Our summary of that law, including its scope and application, can be reviewed in our […]

Opportunity Zone Project Underway for BayCoast Bank

We are very pleased to have been able to represent BayCoast Bank in the acquisition of the Standard Times Building on Rt. 18 and Elm Street in New Bedford through an Opportunity Zone entity. Through this strategic Opportunity Zone acquisition, BayCoast Bank has made a significant investment in New Bedford that is expected to expand […]

Opportunity Zones & Qualified Opportunity Funds: An Emerging Economic Development and Investment Tool Worth Considering

The Opportunity Zone program is an important new community economic development and investment tool created in late 2017 by the federal Tax Cuts and Jobs Act.  This program is designed to incentivize long-term private investments in economically distressed communities (including a number of areas in the SouthCoast) through a highly tax-advantaged investment vehicle called a […]

Home Mortgage Interest and the New Tax Law

Most of our clients own their own homes and some have second homes. The new tax law significantly impacts the deductibility of the interest on mortgages on those properties. We received an excellent summary of those changes and how they may impact you from the accounting firm of Adler Blanchard & Associates LLP today. Rather than reinvent […]

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