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Proposed Brokaw Act Would Affect Change-of-Control Triggers in Indentures
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Land Use partner Gary Tarnoff was quoted in a New York Times article about the trend among developers to apply for rezoning of current properties, particularly in manufacturing zones, in slower economic times in the hopes of a bigger profit when the market turns around. Tarnoff is quoted as saying that most developers are doing this to properties they already own, rather than buying new properties and applying for rezoning.