March 2021
The American Land Title Association (“ALTA”) and the National Society of Professional Surveyors (“NSPS”) have adopted revised Minimum Standard Detail Requirements and Table A Optional Requirements for ALTA/NSPS Land Title Surveys. The new standards are effective as of February 23, 2021 and will replace the 2016 standards. All ALTA/NSPS Land Title Survey contracts authorized after this date must be prepared in accordance with the new standards.
The new standards, together with a redline showing the changes from the 2016 standards, can be located at https://www.nsps.us.com/page/2021ALTA.
Dec 2021
Macdonald + Macdonald was thrilled to support our clients, Civic Builders, Nonprofit Finance Fund and Charter Schools Development Corporation, in their recent closings with Friendship Education Foundation to finance the acquisition and development of the new Friendship Aspire Academy Pine Bluff campus located in Pine Bluff, Arkansas.
Click here to read more about the project.
February 2022
Macdonald + Macdonald was originally retained by Charter Schools Development Corporation under its turnkey development program to assist with: (i) CSDC’s acquisition of a ground lease for undeveloped real property in San Antonio, Texas; (ii) reviewing due diligence and a contract for the development of the property into a charter school campus; and (iii) negotiating a lease with option to purchase with Promesa Academy Charter School.
Two years later, following the acquisition of the leasehold interest, completion of construction and the opening of Promesa Academy, Macdonald + Macdonald was retained by Civic Builders to assist with its financing of the school’s acquisition of the ground lease and construction of an additional building on the existing campus. Click here to read more about the 2022 closing.