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Mixed-Use Development including an Historic Restaurant, Nantucket, Massachusetts.
Murphy PC represented the owner in a mixed-use development consisting of a restaurant, apartments and employee housing. The owner preserved an historic restaurant, designed new uses within the restaurant space including an upscale whisky bar, a beach menu kitchen and bar, and a beer garden,...
Treasury Releases Guidelines on Clean Energy Tax Credits
The Treasury Department released guidelines detailing new wage and apprenticeship standards companies must meet to qualify for tax incentives under the Inflation Reduction Act. See Treasury Announces Guidance on Inflation Reduction Act’s Strong Labor Protections | U.S. Department of the Treasury. The Inflation Reduction Act...
Opportunities in Preferred Equity Investments
Increased interest rates have created a gap between senior loans and common equity in real estate development capital stacks which is attracting investors to preferred equity transactions offering high returns under certain underwriting and loan to value requirements according to a recent article in Wealth...
Purchase Iconic Restaurant, Nantucket, MA
Murphy PC represented the purchaser of an iconic restaurant in the historic district in Nantucket. We negotiated and documented the letter of intent, asset purchase agreement and related transaction documents, an assignment, amendment and consent between purchaser, seller and landlord, the intellectual property transfer agreement,...