All projects should have a clearly defined scope of work, budget, and scheduled completion date. However, should any changes be introduced to the project, their timing (and scale) will determine the potential impact on these and various other variables, and on the project overall.

The effects of early changes may be easier to mitigate than later ones. Generally, the later a change occurs, the greater its potential cost and schedule impact – and risk of […]

The Internal Revenue Service (“IRS”) released proposed regulations (REG-100442-22) (“Proposed Regulations”) that provide guidance on how indirect ownership is taken into account for purposes of determining whether a real estate investment trust (“REIT”) is “domestically controlled.” The Proposed Regulations also address the tax treatment of certain sovereign investing entities and modify the definition of “controlled commercial entity” under Section 892 of the Internal Revenue Code. The rules are particularly important for the real estate […]