John Koonce was pleased to be a panelist last week for WRAL’s brand new series “Here to Help.” The series brings together experts to discuss topics of relevance to NC businesses during COVID-19. This episode focuses on COVID-19-related legal issues facing small and medium sized NC businesses including insurance, workers compensation and commercial landlord and tenant concerns.

Register via the link to listen to the recording. https://bit.ly/WRALWebinar

We are pleased to announce the creation of York Standard AMC, a joint venture between York Properties, Inc. (“York”) and Standard Title, LLC (“Standard”).  The partnership provides full service receivership and substitute trustee services for troubled commercial assets.

By providing extensive real estate and asset management, accounting and legal experience, York Standard can take immediate control of and stabilize a troubled property as a receiver or manager for the mortgagee in possession. Our highly skilled team can also take over construction projects and properties in need of completion or renovation.

Download Marketing Brochure

www.yorkstandard.com

Mary Thaxton is a Triangle native and a graduate of East Carolina University with a degree in Communications.  She has a family background in construction/engineering and spent many years working as an office manager and bookkeeper for several local engineering companies.  Mary became an Association Manager in 2010.  She and her spouse have two cats (Chaplin & Lucy), two dogs (Patty & Marcy) and are glad to finally be returning to the Raleigh area.

As a York Association Manager Mary will oversee a portfolio of community associations.

Welcome aboard, Mary!

Noticing some exterior projects that need attention as you’re working from home?

York Maintenance is on the job and ready to tackle your commercial and residential projects!  Tell us about your maintenance needs.

Spring Exterior Services Offered

• Domestic and irrigation back flow testing
• Repair leaking/dripping hose bibs
• Exterior lighting repairs and light bulb changing
• Install/replace weather proof outlet covers
• Storm and screen door repairs
• Window screen replacements
• Secure loose shutters
• Replace porch ceiling fans

York Properties is pleased to be representing The Women’s Center of Wake County to find a larger home to serve Wake County’s most vulnerable women seeking safety, shelter, food, critical life saving service and more.

The tenant requirements are listed in the attached flyer.

Union Hall in the news

• December 7, 2020, Heart of NC Weddings, Places to Get Married in NC that You Haven’t Considered
• November 19, 2020, Heart of NC Weddings, Raleigh Union Station Wedding Venue in Downtown Raleigh.
• March 23, 2020, SmartMeetings, Breaking the Mold: North Carolina.
• February 28, 2020, Raleigh Magazine, A Fleeting Calm
• February 27, 2020, Midtown Magazine, 11 Places to Say “I Do”
• February, 2020.  Heart of NC Weddings, Durham, Chapel Hill, Raleigh, NC Wedding Shows

Guides to Applying for the Paycheck Protection Program under the Coronavirus Aid, Relief, and Economic Security (CARES) Act:

• Coronavirus Emergency Loans Small Business Guide and Checklist, U.S. Chamber of Commerce
• Small Business Owner’s Guide to the CARES Act, U.S. Senate Committee on Small Business & Entrepreneurship
• U.S. Treasury Fact Sheet on Applying for the Payroll Protection Program.
• Independent Restaurant Coalition’s Summary of Business Provisions in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act)

SBA Resources for Counseling and Training

You can apply for the Paycheck Protection Program at any lending institution that is approved to participate in the program through the existing U.S. Small Business Administration lending program and additional lenders approved by the Department of Treasury.

There are thousands of banks and credit unions that already participate in the SBA’s lending programs. You do not have to visit any government institution to apply for the program, you can call your bank or find SBA-approved lenders in your area through SBA’s online Lender Match tool. Your local Small Business Development Center, SCORE or Women’s Business Centers (below) can provide free assistance and guide you to lenders. When you call, tell them you are interested in the “Paycheck Protection Program” and they will guide you through the steps for applying for the program.

• Small Business and Technology and Development Center (SBTDC)
• SCORE
• Women’s Business Centers:
  • Asheville area
  • Charlotte area
  • Fayetteville area
  • Raleigh-Durham area

The application process should be open by Friday, April 3, 2020.

State and Local Government Coronavirus-related information

North Carolina

• Coronavirus Disease 2019 Response in North Carolina, NC Department of Health and Human Services (DHHS)
• File a claim for unemployment benefits, NC Department of Commerce, Division of Employment Security

Local Resources

• City of Raleigh comprehensive COVID-19 resource page.
• City of Raleigh Small Business Q&A  addresses resources from utility bills to filing for unemployment benefits.
• City of Durham COVID-19 (Coronavirus) Updates and Resources
• Town of Cary COVID-19 Information

Advice for Homeownership Associations

• In response to the unprecedented number of calls received by Jordan Price association attorneys asking about legal implications of cancelling or postponing meetings or suspending amenities or community services, their attorneys have collectively put together these Recommendations for Communities.

By  now, most have read the best practices for hygiene, cleaning, and limiting exposure to COVID-19 through remote working where possible and urging ill employees to stay home.

York’s Property Management team has been in contact with the Institute of Real Estate Management (IREM) and the North Carolina Department of Health and Human Services (DHHS) to formulate a common-sense approach to COVID-19.  If, on the off chance, your business has had contact with an active, confirmed COVID-19 case, please follow the protocol below.

1. Inform the North Carolina Department for Health and Human Services at 919-856-7044 who will help track down others exposed to the sick person.
2. Inform your property manager who can notify tenants and building service providers.
3. Undertake a deep cleaning of your space.  Your York Property Managers will do the same for common areas and can provide recommendations for janitorial services if needed.

Concerned you may be sick?  Please read here for information on where to get tested.

Our objectives are to help you:

• Minimize the impact on your customers, owners, and investors.
• Maintain business operations.
• Be your calm and controlled adviser.

Don’t hesitate to contact us.

Smedes recently appeared on In Focus with Loretta Boniti, a weekly, statewide public affairs show on Spectrum News, to discuss family owned businesses in North Carolina.

Segment 1: Family Owned Businesses in NC (Part 1)

Segment 2: Family Owned Businesses in NC (Part 2)

Segment 3: Family Owned Businesses in NC (Part 3)