News

Crenshaw, Ware & Martin receives Tier 2 ranking by U.S. News and Best Lawyers

Posted on November 1, 2012

U.S. News Media Group and Best Lawyers have released the 2013 “Best Law Firms” rankings, providing a comprehensive view of the U.S. legal profession.   Crenshaw, Ware & Martin, P.L.C. is proud to announce that the firm received a Tier 2 Metropolitan Ranking in  Litigation - Bankruptcy.…

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Jury awards patent victory to I/P Engine in case against Google and others

Posted on November 1, 2012
Posted in Cases

A jury in the U.S. District Court for the Eastern District of Virginia ruled in favor of I/P Engine in a patent infringement case against AOL, Google, IAC Search & Media, Gannett Company and Target Corporation.  CWM attorneys Donald Schultz and Ryan Snow represented I/P Engine as co-counsel, teamed with lead attorneys from Dickstein Shapiro, LLP.  The case related to infringement of two patents for relevance-filtering technology used in internet search engines to present higher quality advertisements.  After a 12-day trial, the jury found the asserted claims both valid and infringed, and set a “running royalty” of 3.5 percent on future advertising revenues.  The jury awarded I/P Engine damages from September 15, 2011 of $30,496,155 against all defendants.…

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Mixed-Use Facility under construction

Posted on August 15, 2012
Posted in Transactions

[caption id="attachment_595" align="alignleft" width="300"] Photos: Signature Development & Consulting Group, LLC.[/caption] [caption id="attachment_596" align="alignleft" width="300"] (Left to right) Olatunde Ogundeko, Principal of Signature Development & Consulting Group, LLC and Robert K. Jenkins, Jr., Managing Director of Renaissance Equity Partners and former CEO of Hampton Roads Ventures, LLC.[/caption] Jazz@Walter Circle, a 4-story, mixed-use facility located in East St. Louis, IL, is currently under construction and is scheduled to be completed by November 2012. CWM attorney Delphine Carnes structured the New Markets Tax Credits (NMTC) financing for this innovative transaction which is the first to use HUD public housing funds as leveraged debt in a NMTC structure. CWM represented Hampton Roads Ventures, LLC (HRV) in this complex transaction which used multiple sources of funding, including $17 million of HRV’s NMTC Allocation, HUD public housing funds and City of East St. Louis TIF funds. The facility will include 74 senior housing units, approximately 25,000 sq. ft. of commercial space, a green grocer, a credit union, office space, a wellness center and rooftop gardens. It is seeking LEED Gold certification. In 2011, Jazz@Walter Circle and HRV were recognized by the Novogradac Community Development Foundation (NCDF) for exceptional contributions and commitment to community development through the NMTC program. Jazz@Walter Circle received an Honorable Mention in the “Metro QLICI of the Year” category as part of NCDF’s Community Development Awards ceremony. The ground-breaking structure for this project sets a precedent for housing and redevelopment authorities across the country that use HUD funds every day, enabling them to raise equity to bring much needed additional services to their low-income communities.…

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CWM attorneys close on financing for biodiesel facility

Posted on August 15, 2012
Posted in Transactions

On August 2, 2012, CWM attorneys Delphine Carnes and Harriet Reynolds closed on a transaction using New Markets Tax Credits (NMTC) to help finance the operations of the Oswalt Bioenergy facility located in Lake Providence, Louisiana. CWM represented Hampton Roads Ventures, LLC (HRV), a Virginia-based Community Development Entity which used $8 million of its NMTC allocation to fund equipment and working capital for this five million gallon per year, multi feedstock, biodiesel production plant. The NMTC financing enables the facility to operate and create new jobs in a parish suffering from a high unemployment rate. The project will also create environmentally sustainable outcomes, producing a petroleum-free, clean burning alternative fuel for diesel engines.…

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CWM attorneys attend ribbon-cutting for Howard Theatre

Posted on April 15, 2012
Posted in Transactions

[caption id="attachment_599" align="alignleft" width="300"] Photo: Tim Cooper, Photographer[/caption] On April 9-10, 2012, attorneys Delphine Carnes and Harriet Reynolds attended the ribbon cutting ceremony and grand opening reception for the historic Howard Theatre located near the corner of 7th and T Streets in Washington, DC, a venue on the "Chitlin Circuit" known for launching the careers of many famous African-American performers. The Howard Theatre originally opened in 1910 and was dubbed the “Theatre for the People” by The Washington Beebecause it unified people through music and entertainment at a time when the nation was deeply divided by segregation. The theatre was boarded up in the 1980s and was finally reborn in 2012 as a result of a collaborative effort led by Howard Theatre Restoration, Inc., the District of Columbia and several private entities. Ellis Development Group managed the reconstruction of this historic landmark. The renovation of the Howard Theatre was made possible by a complex financing structure in which CWM represented Hampton Roads Ventures, L.L.C. (HRV) in connection with the use of $10 million of HRV’s New Markets Tax Credits allocation, combined with federal historic tax credits, Tax Increment Financing funds, traditional debt and grant monies.…

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CWM success at trial ensures secured lien remains

Posted on April 1, 2012
Posted in Cases

CWM attorney Ryan Snow succeeded at trial in a case attempting to strip a secured creditor's lien from a property in bankruptcy. CWM represented the defendant in the adversary proceeding. The plaintiff filed suit to avoid the lien as being unsupported by equity, but the federal Bankruptcy Court disagreed after considering competing appraisals and expert witness testimony.…

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SKYPAC facility completed with NMTC financing

Posted on March 15, 2012
Posted in Transactions

[caption id="attachment_605" align="alignright" width="300"] Photo: Tom Kessler, Photographer[/caption] [caption id="attachment_606" align="alignleft" width="300"] Photo: Tom Kessler, Photographer[/caption] The new Southern Kentucky Performing Arts Center (SKyPAC) located in Bowling Green, KY opened to the public in March 2012 after almost three years of planning, design and construction. CWM attorneys Delphine Carnes and Harriet Reynolds represented two of the four Community Development Entities (CDEs) involved in this New Markets Tax Credits (NMTC) transaction: Hampton Roads Ventures, L.L.C., a CDE based in Norfolk, Virginia, used $7,900,000 of its Round 7 NMTC allocation, and People Incorporated Financial Services (PIFS), a CDE based in Abingdon, Virginia, used $5,575,000 of its Round 8 NMTC allocation for this project. The closing on the NMTC financing took place on December 22, 2011, enabling the sponsor to finish the construction of this LEED silver, 74,000 sq. ft. facility which includes a 1,800 seat theater, a multi-purpose rehearsal space that can be configured for dance, music and drama while doubling as a meeting space for community events and children’s activities, a large lobby that can be used for banquets, and a donor’s lounge on the mezzanine level. SKyPAC is working with the Housing Authority of Bowling Green to fill the new part time and full time positions created by the facility and to provide a variety of educational and training programs that benefit the surrounding low-income communities, including discounted and free tickets to performances, free arts programs, scholarships for classes and workshops, and transportation subsidies.…

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CWM wins in Virginia Supreme Court in constructive trust case

Posted on March 1, 2012
Posted in Cases

CWM attorneys Ryan Snow and Amy McClure succeeded in the Virginia Supreme Court in a business case arising out of a roof repair project.  The case involved funds paid to an agent that were seized by the agent’s secured creditor before delivery to a contractor and architect.  CWM represented the plaintiff who paid the funds and sued to recoup them under trust principles.  The trial court granted judgment for plaintiff.  On appeal, the Virginia Supreme Court affirmed in all respects, for the first time recognizing by name the “lowest intermediate balance rule” for tracing funds in a commingled account.  Mr. Snow argued the appeal and Ms. McClure assisted on briefs.  The case is reported at St. Joe Co. v. Norfolk Redevelopment & Housing Auth., 283 Va. 403, 722 S.E.2d 622 (2012).…

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CWM attorneys attend ribbon-cutting for new rural medical center

Posted on February 7, 2012
Posted in Transactions

On February 7, 2012, CWM attorneys Delphine Carnes and Harriet Reynolds attended the ribbon-cutting ceremony for the new Blue Ridge Medical Center located in Arrington, VA. CWM represented Virginia Community Capital, Inc. (VCC) in connection with the use of $8,445,000 of VCC's New Markets Tax Credits allocation, combined with a grant provided by the Health Resources and Services Administration, to finance the construction of this state-of-the-art community health center.…

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CWM attorney elected officer in statewide construction group

Posted on February 1, 2012

CWM attorney Ryan Snow has been elected an officer in the Construction and Public Contract Law Section of the Virginia Bar Association. Mr. Snow was previously a council member on the Section Council. The Construction and Public Contract Law Section includes over 200 construction attorneys throughout Virginia. Among other things, it evaluates and recommends changes to Virginia statutory law regarding construction and public contracts.…

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