The $37.2 million Prince George Center II loan was recently put into special servicing according to an email alert from Fitch late last week. The loan makes up 3.89% of MLCFC 2006-1 and is backed by a 394,578 square-foot suburban office property in Hyattsville, Maryland. While the note is scheduled to mature in December 2015, the borrower may face refinancing difficulties due to the upcoming lease expiration of lead tenant GSA. Occupying over 99% of the building, the Government Services Agency has been the main tenant in the building since...

By Philip Gordon and Morgan Matson of Littler Mendelson P.C. on November 11, 2015 In the wake of last month's landmark decision by the European Court of Justice (ECJ) invalidating the U.S.-European Union (EU) Safe Harbor framework, hundreds of U.S. multinationals, no longer able to rely on the Safe Harbor to lawfully transfer employees' personal data from the EU to the United States, are scrambling to answer the question, "What next?"  On November 6, 2015, in a "Communication" to the...

Today, the Institute of International Education (IIE), together with the U.S. Department of State's Bureau of Educational and Cultural Affairs, released the latest news on international students in the United States and U.S. students studying abroad. The Open Doors® findings will also be a topic of a briefing this morning, at the National Press Club in Washington, DC, with Assistant Secretary of State Evan M. Ryan and IIE President Allan E. Goodman, in conjunction with the worldwide observance of International...

For the past eight years, through its Entrepreneurial Winning Women™ program, EY has taken aim at the gender gap among high-growth companies. Despite years of progress, today, women-owned businesses still struggle to reach the same economic scale as businesses started by men. For instance, according to the Economic Policy Institute, women-owned businesses earn 25 cents for every dollar male-owned businesses earn. To address this imbalance, EY helps women entrepreneurs overcome obstacles to growth through its Entrepreneurial Winning Women program. As a group,...

Ogletree, Deakins, Nash, Smoak & Stewart, P.C. (Ogletree Deakins), one of the largest labor and employment law firms representing management, is pleased to announce that the firm has been selected as the recipient of the Minority Corporate Counsel Association’s (MCAA) Thomas L. Sager Award for the Midwest region. The Thomas L. Sager Award is given to law firms that have demonstrated sustained commitment to improve the hiring, retention, and promotion of minority attorneys. Every year, MCCA selects one law firm in each...

New York, November 5, 2015 - Curtis, Mallet-Prevost, Colt & Mosle LLP represented G2 FinTech (G2) in the sale of significant technology and intellectual property assets to KPMG LLP. G2 is a boutique tax technology firm specializing in tax analysis and compliance software for the investment management community. KPMG, the audit, tax and advisory firm, is acquiring all of G2’s U.S. tax software and intellectual property, including G2's flagship product, TaxGopher®. G2 will remain a separate entity with a continuing business...

DS-Concept Factoring, Inc., a global commercial finance company specializing in international non-recourse factoring, has provided a $3 million export accounts receivable facility to a trading company headquartered in the British Virgin Islands with subsidiaries in the US, Canada and UK. The client, who supplies plastics, polymers and resins to manufacturers and distributors in the US, Europe and the Middle East, will receive Euro, GBP and USD factoring lines. Implementing this non-recourse factoring facility to accommodate growing sales, the client will receive financing...