Friday, July 28, 2017

Welcome to the ACREL Notes!  It appears in those months in which the ACREL News is not published, and features upcoming meetings, ACRELive presentations, Fellows, and local ACREL events, as well as short articles on substantive areas, noteworthy cases and hot topics. We welcome your suggestions! Send ideas to Peggy Rolando,  

--ACREL Communications Committee


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Andrew M. “Drew” O’Malley, ACREL Fellow from Tampa, Florida, became Chair of the Florida Real Property, Probate and Trust Law Section on July 1, 2017 for a one year term.  The Section, with 11,000 members, is the largest section of The Florida Bar and its most active.



Senior Class Notes

Thank you to several of our Senior Fellows who have shared their thoughts on their transition into retirement.  Please click on their names to read their stories.




Wm. Terry Bray                                Patricia G. Bridwell                     Fred H. Dunlop

Send Terry a message                       Send Pat a message                     Send Fred a message




Morton P. Fisher, Jr.                        Richard R. Goldberg                    Bruce S. Lane 

Send Mort a message                       Send Dick a message                    Send Bruce a message







ACREL swept the awards of the State Bar Advanced Real Estate Law Course and the State Bar of Texas Real Property Probate and Trust Law Section (”REPTL”) on July 13, 2017 in San Antonio, Texas.


Chair of the Law Course, Denise Cheney, presented the award for the Best Paper in the 2016 Course to Tom Whelan and the award for the Best Speaker in the 2016 Course to David Weatherbie.  She then introduced Rick Spencer, a past recipient of the Weatherbie Workhorse Award (presented to recognize tireless contributions to CLE programs, and named for David Weatherbie) who presented the Weatherbie Workhorse Award to Steve Haley.  Then Roland Love, current Chair of REPTL (which is the largest section of the Bar with 9000 members) introduced Rick Spencer again, a former Chair of REPTL, who then presented the Lifetime Achievement Award to Bob Wright.  Roland was then presented with an award for his service to REPTL as he completed his term as Chair of the Section.




Registration is live for the 2017 Annual Meeting in Los Angeles, CA!
Please note: Early Bird Registration ends August 1!

 Click here for more information and to register. 



ACREL Fellows Meet in D.C.



D.C. area ACREL Fellows gathered for lunch on July 24th.  Thanks to Venable for hosting the reception and special thanks to Earl Segal for coordinating this event.  It was a great turnout!


Pictured above: Tom Barbuti, Julie Burgess, Priscilla Carrol, Jay Epstien, David Fishman, Michael Goodwin, Robert Gottliebm Barry Greenberg, John Hagner, Phil Horowitz, Tom Kaufman, David Kochanski, David Kuney, Caitlin McIntire, David Miller, Searle Mitnick, Jill Pace, Mark Pollak, Pam Rothenberg, John Ratino, Barry Rosenthal, Ken Samuelson, Earl Segal, Brent Shaffer, Kevin Shepherd, Larry Shulman, Steve Teitelbaum, Ray Truitt, Stef Tucker, Keith Willner, Roger Winston, Jim Witkin, Larry Wolk


The ACREL Ski Club grows and makes plans

Mark Grant reports that the ACREL Ski Club now has an even dozen members but is hoping for more—as Mark says “the more the merrier”.  Mark notes that although the resort and dates for the Club’s trip next season are not yet selected, because a number of the members have EPIC passes, the resort will most likely be Vail, Beaver Creek or Park City. Mark is planning on announcing the resort and dates for the trip later this summer. He has requested suggestions from the Club members.  Contact Mark at if you would like to be part of the Club’s inaugural trip or have suggestions for the resort and dates.




What’s Market?  Ground Lease Financing:  Allocation of Casualty Proceeds

 Michael D. Hamilton, DLA Piper LLP (US), Los Angeles, California 

In the financing of a ground tenant’s interest, issues often arise in the allocation of rights and remedies between the lender and the ground landlord.   READ MORE >>


 Opinion Letters in Real Estate Finance Transactions – More New Developments

Sterling Scott Willis, Fishman Haygood, LLP, New Orleans, Louisiana

There is new guidance for local counsel opinion letters in the new report co-authored by ACREL's Attorneys' Opinion Committee. READ MORE >>


 Commercial Mortgage-Backed Securities

 Sujata Yalamanchili, Hodgson Russ LLP, Buffalo, NY

Sujata Yalamanchili and her colleague Kim Sayoc offer some insights as to what attorneys for hotel owners can expect to see in the term sheets for CMBS loans.   READ MORE >>


Read all of this issue's articles here.





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