Insights
Firm News

4 Things Real Estate Lawyers Need To Know About Bitcoin

February 14, 2018 Media Coverage

Law360
February 14, 2018
"4 Things Real Estate Lawyers Need to Know About Bitcoin"

Said Kordestani, tax partner at Farella Braun + Martel, commented on the tax liability issue landlords face when accepting bitcoin as payment for leases. He noted that he has had many calls about this over the past several months.

"Ten thousand dollars on Monday might be worth $5,000 on Wednesday. The IRS would tax you on the $10,000," Mr. Kordestani said. "None of my clients are renting [to clients who pay in bitcoin] unless they don't have a better offer."

Link to the full article (subscription required).

Firm Highlights

News

Farella Assists Developers Win San Francisco Transbay Parcel F Tower Approval

Northern California legal powerhouse Farella Braun + Martel represented the joint venture of Hines, Urban Pacific Development, and Goldman Sachs to secure approval for the construction of a 61-story, 800-foot tall mixed-use tower adjacent...

Read More
Publication

Eviction Moratorium Updates for California Commercial and Residential Landlords

Since the beginning of the COVID-19 pandemic, a variety of eviction moratoriums have been enacted by the local, state, and federal governments. The California state moratorium has recently been extended and modified, and it...

Read More
News

Farella Advises MedMen to Win San Francisco Cannabis Retail Store Approval

Northern California legal powerhouse Farella Braun + Martel provided national premium cannabis retailer MedMen Enterprises Inc.  with land use and permitting advice to win approval to open a new retail store on Union Street...

Read More
News

Farella Partners in Development of La Cocina Municipal Marketplace

Farella Braun + Martel served as the pro bono legal partner to La Cocina in the development of La Cocina Municipal Marketplace in San Francisco’s Tenderloin neighborhood. The nation’s first women-led food hall will...

Read More
News

Amy Briggs Inducted to American College of Coverage Counsel

Read More
News

Quinn Arntsen Named to North Bay Business Journal’s Forty Under 40

Read More
Publication

What to Do When Commercial Leases End Up in Bankruptcy

The COVID-19 pandemic is forcing many businesses to close, leaving landlords in the lurch. The COVID-19 pandemic continues to shake up the nation’s economy. Long-standing companies such as JC Penney, J. Crew, Neiman Marcus, Modell’s...

Read More
Publication

Bankruptcy Provisions in COVID Relief Legislation Impacting PPP Loans, Commercial Leases and Preference Claims

With the COVID-19 pandemic stretching on into another year, businesses continue to experience adverse effects. Bankruptcy filings, especially among retailers, were higher than average in 2020, and it is likely that more companies large...

Read More
Publication

Hidden Liens in Custom Crush Relationships: How to Avoid Being Caught Between Creditors

Custom crush is an effective method for vintners to start and grow their label and brand without requiring the capital intensive investment of a dedicated winery. When evaluating potential custom-crush facilities and providers, wine...

Read More
Publication

Prop. 19 Passed, Here Is What You Need to Know

Proposition 19, which passed last month, has important consequences for all real property owners in California. It is important to act quickly before Proposition 19's effective date of February 16, 2021. Proposition 19 has...

Read More