Mike Sikora presents to the Ohio State Bar Association Counsel of Delegates Screening Committee

Mike Sikora presented to the Ohio State Bar Association Council of Delegates Screening Committee on several improvements to Ohio’s Judgment Lien Statute.  The Screening Committee voted unanimously to move forward with the initiative, which now heads to the full OSBA Council of Delegates next month for a vote.

Sikora Law announces new website

Sikora Law is excited to announce the launch of our new Ohio Opportunity Zone website, which summarizes the latest information about Ohio Opportunity Zone law and its interplay with federal Opportunity Zone law and highlights certain projects that we’ve helped utilize those laws.

Mike Sikora quoted in Crain’s Cleveland Business

Sikora Law’s Managing Partner Mike Sikora quoted in Crain’s Cleveland Business article about Ohio’s Opportunity Zone Program.

$30,000,000 Opportunity Zone Tax Credits Issued by the Ohio Development Services Agency in Inaugural Round

Sikora Law’s Clients (40 successful applicants) were awarded approximately 20% of the $30,000,000 Ohio Opportunity Zone tax credits issued for 2019 investments in Ohio Opportunity Zones, a figure that we believe exceeds any firm in the state.

In 2019 Mike worked closely with the Senator who sponsored the Bill that became Ohio’s Opportunity Zone law as well as provided expert testimony on behalf of NAIOP to the Ohio General Assembly in support of the passage of that Bill.  These efforts have resulted in one of the most beneficial Opportunity Zone tax credit programs in the country.

Sikora Law utilized its expertise and unique perspective on this new law to maximize the financial benefits of this fantastic new program for our Clients.  If you are considering an Opportunity Zone investment, or if you have questions about how you can make the most of Ohio’s Opportunity Zone program, contact the Sikora Law Team.

Commercial Evictions and Foreclosures Executive Order signed by Governor DeWine

Executive Order signed today by Governor Mike DeWine requests that lenders provide commercial real estate borrowers with an opportunity for forbearance for a term of at least 90 days and that commercial real estate owners suspend rent payments for at least 90 days for small business tenants that are facing hardship due to COVID-19.

COVID-19

As COVID-19 continues to send shockwaves throughout our country, we have had a number of Clients this past week alone ask us essentially the same questions.  For the benefit of all of our Clients, here are a few of those questions and our answers.

Sikora Law Victorious Supporting Validity of Real Property Investment

Sikora Law recently obtained a successful trial verdict in favor of a mortgage holder.  At trial, we presented expert testimony supporting the validity of the signature at issue compared to known valid signatures, and also presented testimony from a witness to the execution of the Mortgage.  This Decision demonstrates the effectiveness of the use of expert testimony and the value of tracking down witnesses, steps that other firms may not take in developing a case, but which can pay dividends when it comes to obtaining favorable results.

Ohio State Bar Association Real Property Section Takes Position on Entity Transfer Reporting & Taxation Bill

Mike Sikora presented to the Ohio State Bar Association Real Property Section Council (that he will chair in two years) on the newly introduced House Bill 449 that would require reporting and taxation of entity transfers involving real estate.  Mike studied and synthesized the laws of every state in the country addressing this subject before making that presentation.

To check out House Bill 449 for yourself, click here.

 

Pro Football Hall of Fame Village

Sikora Law LLC quarterbacking the real estate legal work for the Pro Football Hall of Fame Village Project—the largest  Opportunity Zone development in the State of Ohio.  Rick Craven and Mike Sikora, pictured, driving down the field.

LLC Real Estate Transfer Issue

This article published by the Cincinnati Enquirer last week (click here) addresses some of the issues associated with our current real property taxation system in Ohio.  Cleveland.com also published a story on this subject last year, in which Mike Sikora was interviewed as the expert for the Ohio State Bar Association on this subject.  Lawyers in our firm are extremely involved with these issues as representatives for NAIOP and the Ohio State Bar Association, two of the leading associations with an interest in this important subject.”