03 Jan, 2024 Foreclosure And Deficiency Judgments In Massachusetts And New York: Two States, Two Very Different Processes By Alexander Berger Charles Jacob III Rajinder Saini You just finished the foreclosure process but the asset securing the loan was not worth enough to recover the entire amount of the debt....
27 Dec, 2023 Keeping the Lights On: Payment of Operating Expenses After an Event of Default By Andrew Bensson Kimberly Yeager Craig Todaro When an event of default occurs under a mortgage loan, the lender’s first thought might be, “How will we get repaid?”, while the...
02 Aug, 2023 The Importance of Having All Your Docs in a Row On a Commercial Foreclosure Summary Judgment Motion By Charles Jacob III Douglas Rosner Like many of you, we are seeing a significant increase in commercial real estate (“CRE”) loan workouts. The magnitude of the swell in...
20 Jul, 2023 What’s on the Horizon for Commercial Real Estate Loans? By Jaclyn Grodin Trevor Hoffmann Douglas Rosner Like many of you, we are seeing a significant increase in commercial real estate (“CRE”) loan workouts. The magnitude of the swell in...
10 Jul, 2023 Inside the Room: How Handing Back the Keys On Commercial Real Estate Works By Brian Cohen “As a borrower, you must do the groundwork to understand the nonrecourse carve-outs of your loan and what your personal guarantee...
15 Jun, 2023 D.C. Transfer and Recordation Taxes On Track to Decrease to 2.9% By John Ratino Jeff Utz D.C.’s recordation and transfer tax rates on commercial or mixed-use properties are on track to decrease to a combined rate of 2.9% for...
22 Mar, 2023 Biden’s FY2024 Budget: Key Real Estate Tax Proposals By Gerret Baur Martha Nahill Frahm Abe Leitner On March 9, 2023, President Biden released his FY2024 budget (the “FY2024 Budget”), and the U.S. Treasury released the so-called “Green...
18 Jan, 2023 Governor Kathy Hochul Proposes New York State Housing Compact By Brian Cohen George Evans Hara Perkins Andrew Shaw +1 more... Show less On January 10, New York Governor Kathy Hochul announced The New York Housing Compact, a series of proposals to grow the housing stock...
06 Jan, 2023 Representation & Warranties Insurance in Commercial Real Estate Transactions By Gregory Kaden Zev Gewurz Insurance is coming to real estate in new and important ways. Investors in real estate have long had a variety of structuring options...
07 Nov, 2022 Securing the Future of the D.C. Office Market By John Ratino Washington Business Journal The Washington D.C. office market is likely in the early stages of a very big change. And, arguably, it’s a...
07 Nov, 2022 Real Estate Attorneys Focus on the Future By Eric Seltzer Crain's New York Business The real estate industry is undergoing considerable challenges. To reduce the many risks and solve problems,...
12 Sep, 2022 Tax Aspects of Modern Sale-Leasebacks of Real Property By Jonathan Stein Abe Leitner The modern ground lease appears to have gotten started with Safehold’s initial public offering in 2017. As of August 18, Safehold’s...
07 Aug, 2022 CRE Relieved As U.S. Senate Passes Landmark Inflation Reduction Act Without Carried Interest Cut By Abe Leitner In a rare weekend session, the U.S. Senate passed its landmark $430B Inflation Reduction Act of 2022, leaving out the carried interest...
29 Jul, 2022 New Bill Will Tax Real Estate “Promote” as Carried Interest Subject to Three-Year Holding Period By Jonathan Stein Abe Leitner Martha Nahill Frahm Senators Manchin and Schumer this week announced that the “Inflation Reduction Act of 2022” will be added to the FY2022 Budget...
12 Apr, 2022 Biden’s FY2023 Budget: Key Real Estate & Corporate Tax Proposals By Gerret Baur Martha Nahill Frahm Abe Leitner On March 28, 2022, President Biden released his FY2023 budget (the “FY2023 Budget”), and the U.S. Treasury released the so-called “Green...
22 Feb, 2022 Tax considerations for ground leases By Jonathan Stein For investors looking for new opportunities, ground leases are catching on in New York City and beyond. A ground lease occurs when the...