We thought you’d be interested in this summary put together by Restaurant Trends Seminar partner, the Boston Restaurant Group: In the past a “good” lease was always considered the most valuable asset of a restaurant. Post COVID-19, it has become the restaurant’s greatest liability. I realize how difficult the past few months have been for everyone in the…
Impact of the Pandemic on Restaurant Leases and Valuations
POSTED IN: Commercial Real Estate, COVID-19, Hospitality Practice Group, News
Patrick Ford Joins Ruberto, Israel & Weiner’s Corporate & Business Group
Ruberto, Israel & Weiner is pleased to announce that Patrick Ford has joined the firm as an associate in our Corporate & Business Group. Patrick will focus his practice on advising clients with regard to a variety of corporate and business matters, including emerging companies, mergers and acquisitions, and more. Patrick will also work with…
POSTED IN: Corporate & Business, News
Webinar Recording: Re-Opening Guidance for the Massachusetts Restaurant Industry
Thank you to everyone who was able to participate in the Re-Opening Guidance for the Massachusetts Restaurant Industry webinar last Wednesday. These are challenging times and we hope it was useful. As many people requested, we are enclosing a recording of the webinar in the link below for those who would like to review what was covered….
POSTED IN: COVID-19, Events, Hospitality Practice Group, News
Client Alert: SBA Issues Revised PPP Loan Forgiveness Applications
On Tuesday, June 16, 2020, the Small Business Administration (the “SBA”) quietly released the revised Paycheck Protection Program Loan Forgiveness Application (the “Long Form Application”) and the new Paycheck Protection Program PPP Loan Forgiveness Application Form 3508EZ (the “EZ Application”). The instructions included as part of the Applications provide borrowers with much needed guidance on…
POSTED IN: Articles & Quotes, Commercial Real Estate, COVID-19, News
Ruberto, Israel & Weiner Served as Seller’s Counsel in Major Technology Transaction
Ruberto, Israel & Weiner served as seller’s counsel for Privo IT, LLC in this transaction. Full details here. Privo, a Premier Consulting Partner in the Amazon Web Services (AWS) Partner Network (APN) with offices in Boston and San Francisco, was acquired by Navisite. Navisite, based in Andover, Massachusetts, is a modern managed cloud service provider…
POSTED IN: Corporate & Business, Mergers & Acquisitions, News
Re-Opening Guidance for the Massachusetts Restaurant Industry Webinar
The RIW Hospitality Practice Group will host the Re-Opening Guidance for the Massachusetts Restaurant Industry Webinar on Wednesday, June 17, 2020 from 2:00 to 3:00 PM. WEBINAR INFO: Restaurant operators face a host of business and legal hurdles as the industry re-opens under Phase 2 of Governor Baker’s Re-Opening Plan. Please join restaurant industry professionals, regulators,…
POSTED IN: COVID-19, Events, Hospitality Practice Group
Client Alert: Enhanced Debt Relief Under the CARES Act – Leverage for Small Businesses
To date, much of the discussion regarding the Coronavirus Aid, Relief, and Economic Stability Act (the “CARES Act”) has been focused on the provisions of its Paycheck Protection Program (the “PPP”), which provides forgivable loans to small businesses based upon two and half months of their average payroll costs. The PPP has been incredibly successful in stemming…
Client Alert: House and Senate Pass Paycheck Protection Program Flexibility Act
On June 3, 2020, the United States Senate passed the Paycheck Protection Program Flexibility Act (the “Act“), as passed by the House on May 27, 2020, amending certain aspects of the Small Business Administration Act and the Paycheck Protection Program (the “PPP“), created by Division A, Title I of the Coronavirus Aid, Relief, and Economic…
POSTED IN: Articles & Quotes, Commercial Real Estate, COVID-19, News
Client Alert: Governor Baker Announces Restaurant Re-Opening Plan for Massachusetts
At a press conference on May 29, 2020, Governor Charlie Baker and Lt. Governor Karyn Polito announced a plan for re-opening restaurants throughout Massachusetts. Re-opening will commence during Phase 2, with a specific date expected to be announced the first week in June. Below is a synopsis of the re-opening plan: • The…
POSTED IN: Articles & Quotes, COVID-19, Hospitality Practice Group, News
Client Alert: As Construction Projects Ramp Back Up, What Does Your Contract Say About Who Bears the Costs of Delays?
Everyone is aware that the COVID-19 pandemic has substantially disrupted businesses of all types throughout the country, and construction has been no exception. At the project level, the pandemic has impacted construction sites in a wide variety of ways. Some projects were completely shut down, whether by state or local mandate, by unilateral owner decision,…
POSTED IN: Articles & Quotes, Construction Law, COVID-19, News