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The First Green Building Litigation. The Rest of the Story.

Green Building Law Update

Shaw Development, LLC, in the Circuit Court of Maryland for Somerset County, case no. Million, 23 unit luxury condominium and restaurant project in Crisfield, Maryland, called Captain’s Galley and substantially completed in 2006. That green building tax credit was monetized and sold to 5 Maryland taxpayers.

Green 120
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The First Green Building Litigation. The Rest of the Story.

Green Building Law Update

Shaw Development, LLC, in the Circuit Court of Maryland for Somerset County, case no. Million, 23 unit luxury condominium and restaurant project in Crisfield, Maryland, called Captain’s Galley and substantially completed in 2006. That green building tax credit was monetized and sold to 5 Maryland taxpayers.

Green 120
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#121:  Owners' Duties to Withhold Money for Subcontractors

NH Construction Law

6, 2023), decided by New Hampshire’s bankruptcy court. A Chapter 11 proceeding was commenced by a continuing care retirement facility in Keene whose real estate was subject to a construction mortgage and several mechanic’s liens. Accordingly, MacMillin’s later-recorded lien was held to have priority over the mortgage.

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State by State Incentives Guide

Buisness Facilities Contributed Content

MARYLAND – updated for 2014. Maryland Resources for Business. Maryland Department of Business and Economic Development Programs. Maryland Venture Fund: A state-funded seed and early-stage equity fund; an evergreen fund that receives annual allocations from the Maryland State Legislature.

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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

The private sector participant finances 50 percent of the project cost and takes a first lien on assets pledged as collateral. The SBA takes a second lien on assets and finances up to 40 percent of the project cost, up to $1 million in some cases. Borrowers inject 10 percent in the form of cash or equity in real estate.

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