Danielle Ternes/Construction Dive
This feature is a part of The Dotted Line series, which takes an in-depth look at the complex legal landscape of the construction industry. To view the entire series, click here.
Pandemic-related material and equipment delays are challenging contractor schedules and wallets. But when do delays turn from costly inconveniences into contractual headaches?
When it comes to material deliveries, delays and contractor responsibility, the contractor is assuming certain risks, said attorney Quinn Murphy with Sandberg Phoenix in St. Louis. If a party has submitted a bid on a project, they re going to be assumed by the law, and in all likelihood the contract, to have evaluated and known the risks associated with delayed delivery, he said. They re going to be held to have done their due diligence in submitting an agreement and signing an agreement to deliver certain things by a certain time.
Katz Acquisition Corporation LLC, a Tampa-based bank holding company ( Katz Acquisition Corp. )
, announced today the acquisition of Camp Grove Bancorp, Inc., parent company of Camp Grove State Bank ( CGSB ), in Camp Grove, Illinois, according to its Chairman Brian Katz.
Katz Acquisition Corp. acquired 100 percent of the outstanding stock of Camp Grove Bancorp, Inc. The acquisition closed on April 9, 2021, after receiving required regulatory approvals earlier this year. We are excited about the strategic benefits this acquisition will bring to the Camp Grove and Greater Peoria communities now and in the future, said Brian Katz, founder and Chairman of Katz Acquisition Corp., an affiliate of Katz Capital. We look forward to continuing the legacy of the Hickey family, who has owned and operated CGSB for over three generations. We re truly excited to bring advanced commercial banking technologies and solutions to expand services for the residents and businesses in the region.
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Opportunity Zone funds have seen a boost in recent months, including several in South Florida. From left: Ronald Fieldstone, Scott Meyer, Carlos Rodriguez Jr., Logan Gans, Stevan Pardo, Jaime Sturgis (Twitter, iStock/Illustration by Alexis Manrodt/The Real Deal)
This is a critical year for Opportunity Zone investors.
Real estate developers, property owners and funds have until the end of December to take full advantage of the federal tax-break program, but have also benefited from a Covid-related deadline extension. Though the coronavirus briefly paused Opportunity Zone investment nationwide, backers still poured billions into funds, enticed by the looming deadlines, rising stock market and more recently, an improving overall economy.
Daniel T. Stabile, a partner in the Miami office of Shutts & Bowen, has been named to the Miami Technology Council as a Board Member. The Technology Council will aim to help stimulate and develop high-tech industries and employment opportunities in Miami.
Professional Services
Former Hillsborough County Commissioner Lesley Les Miller, Jr. has joined Shumaker Advisors Florida, LLC. Les served as a member of the Hillsborough County Board of County Commissioners, and served as the board s chair three times. He also served as a member of the Florida Senate and in the Florida House of Representatives.
Shumaker Advisors Florida, LLC announced that former Hillsborough County Commissioner Sandra L. Sandy Murman has joined the firm. Sandy also served in the Florida House of Representatives where she was the first Republican woman to hold the position of Speaker Pro-Tempore.
iAero Group Continues To Build Team And Leadership Talent With Addition Of New General Counsel
Paul Hechenberger joins iAero Group leadership team as General Counsel, and also expands roster of iAero Group s Veteran employees
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MIAMI, April 5, 2021 /PRNewswire/ iAero Group, the leading investment platform to transform and scale high-growth potential companies in the aviation industry, and owner of iAero Airways charter airline, iAero Tech airframe MRO, and iAero Thrust engine MRO, has added General Counsel talent to its team with the addition of Paul Hechenberger.
Paul Hechenberger
Paul has over 35 years of leadership, aviation, and manufacturing experience. He has advised three public and numerous private companies in a wide range of commercial transactions, M&A, governance, and compliance, while in-house counsel to Tyco International, BBA Aviation, and Spirit AeroSystems, and as a partner at Shutts & Bowen. Most recent