One of the hottest new trends in the hospitality industry is the food hall. The number of food halls in the United States has increased exponentially and has tripled since 2018. Unlike the traditional shopping center food court, the food hall is typically an entertainment complex combining fine dining, bar atmospheres, and live entertainment forums in one location.
Food halls bring unique legal challenges, including artful drafting of leases, supporting documents, and operational rules that differ for each food hall facility.
Similarly, entertainment uses present additional and varied legal considerations relative to typical retail tenants. Theaters today are often accompanied by the sale of prepared food and alcohol. Other entertainment uses have entered the scene, including indoor skydiving, golfing, escape experiences, and even ax-throwing. The unique situation created by COVID-19 and the potential threats of future highly transmissible diseases has recentered the needs and legal liabilities of these industries.
Entertainment uses present unique challenges to the landlord and the tenant to achieve the balance between allowing the tenant to operate its business while offering protection to the landlord to ensure the entertainment use does not interfere with the project's operations. Parking, exclusive uses, prohibited uses, signage, visibility, access, noise, and security are just some of many items that play a role in lease negotiations between a landlord and prospective entertainment tenant.
Listen as our panel of experts in real property transactions provides practical guidance on how to best address the issues and balance the interests of each party involved.
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Understand how to properly capture passive activity income in order to utilize available passive losses. Due to multiple new 2019 rules, this program will present topics that are essential for tax season. We saw the initial introduction of the TCJA mandated rules in the 2018 tax filing season including; Section 199A deductions, interest expense limitations, and limitations on the use of excess business losses. Losses will now require new ordering priorities and computations. The topic will present examples of the relationship between these various new rules. We will also discuss the computations essential for the calculations of net operating losses and how they are utilized after the TCJA. An additional highlight of the program will be a discussion of how to properly capture passive activity income in order to utilize available passive losses.
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Delta Media Group
Delta Media Group offered a solution to a industry challenge when it comes to non-integration of systems. They launched The Fusion Project, which is a seamless, integrated and automated system for all of your real estate marketing and technology needs. Jonathan Blood stated, "The seamless and efficient operation of a real estate business is critical to it's success." The Fusion Project integrates listing videos, website chat, email marketing, search engine optimization, lead generation, traffic generation, customer reviews, pay per click, social media marketing, and mobile websites. Mike Minard stated, "Any one looking to grow their real estate business must continually look at how to improve their business and marketing systems. These systems should be growing their business while taking less of their time."
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In a webinar that will be of equal interest to practitioners advising landlord clients, and developers of residential and mixed use property, our expert speakers discuss the implications of the Building Safety Bill currently going through parliament for real estate investors.
Topics discussed include:
The changing landscape
What is coming and how does it lead back up to investors?
Funding of building safety works – Building Safety Bill
Investor impact – What is the ripple out effect?
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