By Ronald S. Gart

Seyfarth Synopsis: The District of Columbia’s office market, particularly Class B and C properties, is facing a calamity of epic proportions with occupancy, revenues, and valuations plummeting. Like other municipalities facing similar office devastation and the concomitant material adverse impacts on tax revenues, both in terms of ad valorem tax revenues and transfer and recordation

Continue Reading DC Proposes Tax Abatement to Incentivize Conversion to Housing Development

By Justin K. Beyer

Seyfarth Synopsis: The ongoing saga of DC’s controversial Ban on Non-Compete Agreements Amendment Act of 2020 (the “Act”) logged another chapter last week when the DC Council passed a further amendment delaying the effective date of the Act from April 1, 2022, until October 1, 2022.

The Act, which was originally passed in December 2020,
Continue Reading The Effective Date of DC’s Non-Compete Ban Delayed Yet Again