Notes

Notable Transactions & Matters

COMMERCIAL REAL ESTATE

Darrow Everett’s real estate department successfully represented a regional developer in connection with the negotiation of an office lease with a major national tenant for a substantial amount of space in an historic downtown Providence office building. DarrowEverett had previously assisted the same developer in connection with the acquisition and financing of the building as part of a sale-leaseback transaction.


COMMERCIAL REAL ESTATE

A Massachusetts municipality recently sold extraneous property that had been damaged by a casualty loss to a local non-profit. Members of the DarrowEverett team, including the real estate department, advised the municipality on multiple aspects of the transaction and helped bring the transaction to a successful conclusion, permitting the property to be renovated and improved.


COMMERCIAL REAL ESTATE

The real estate and commercial lending departments of DarrowEverett represented a regional lender in the financing of an acquisition and refinancing of several multi-family properties. The borrowers included a local, family-owned business that specializes in acquiring, rehabilitating and selling single family and multi-family properties in Rhode Island and Massachusetts, as well as a developer/construction company that acquired five buildable lots and will construct five, single family homes on the properties.


CORPORATE

Assisted large national e-commerce and marketplace seller with Amazon takedown requests related to intellectual property infringements.


CORPORATE

Represented a Solar Developer in successfully negotiating and executing a Payment in Lieu of Tax agreement that will reduce municipal taxes by an estimated $478,600.


CORPORATE

Represented prominent Providence and Florida-based real estate investment sponsor and investor in connection with a $5M capital raise for the acquisition and renovation of an Atlanta luxury apartment property.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Current News and Events

  • Investment in Opportunity Zones

    Opportunity Zones

    In December 2017, President Trump signed The Tax Cuts and Jobs Act into law enacting a national Opportunity Zone program designed to provide significant real estate and other investors significant federal tax incentives to invest in 8,700 historically distressed, state-designated neighborhoods throughout the United States. Specifically, the federal tax incentives provided through the Opportunity Zone program may permit an investor not only to defer present taxation on any of its currently realized and recognized capital gains, but also to reduce the actual amount of capital gains ultimately realized in the future. In addition, for certain investments held for more than 10 years, any and all gains on such investment amounts will be 100% tax-free for federal income tax purposes, to the extent initially comprised of deferred capital gains. Read our client update todayDisclaimer: You should not act or rely on any information at this website without seeking the advice of an attorney. The determination of whether you need legal services and your choice of a lawyer are very important matters that should not be based on websites or advertisements.  Read More

  • New Partners Named at DarrowEverett LLP

    Nicholas Hemond, attorney and Providence, R.I. School Board President, has been named Partner at the full-service business law firm, DarrowEverett LLP. As an alumnus of area educational institutions Roger Williams University Law, Providence College, and Classical High School, Mr. Hemond is a longstanding, active member of the Rhode Island community. He earned a bachelor of arts in political science from Providence College, and a Juris Doctor from Roger Williams University Law. Mr. Hemond had been an associate with the firm for the past four years, concentrating his practice in the areas of government affairs and litigation and representing firm clients in civil, criminal defense, and family court matters. His experience also includes serving as an assistant city solicitor for the city of Central Falls and as legal counsel to the Central Falls Zoning Board of Review. For the full press release click here Read More

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