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PA Court: Vacant Lot Valueless Without Zoning Variance
In In re Appeal of Council Member Cindy Bass, 2024 Pa. Commw. LEXIS 172 (July 19, 2024), the Pennsylvania Commonwealth Court affirmed, in part, a decision by the city of Philadelphia's Zoning Board of Adjustment (ZBA), finding that a real estate developer's evidence established an unnecessary hardship because it proved that the property, a vacant lot that needed costly environmental remediation, was practically valueless without the granting of a variance under the Philadelphia Zoning Code.
In In re Appeal of Bass, a long-vacant lot on Chew Avenue in the East Mount Airy section was slated for transformation into a four-story apartment building following a contentious approval process that saw local residents clash with the real estate developer of the property, the opinion said.
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Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
Judge Rules Shaquille O'Neal Will Face Securities Lawsuit for Promotion, Sale of NFTs
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Blockchain Domains: New Developments for Brand Owners
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Supreme Court Rules Rejection of Trademark License Does Not Rescind Rights of Licensee
Mission Product Holdings, Inc. v. Tempnology, LLC The question is whether a debtor's rejection of its agreement granting a license "terminates rights of the licensee that would survive the licensor's breach under applicable nonbankruptcy law."