02 Apr, 2024 College & University Hotel Ownership Symposium – Key Takeaways By Cecilia Gordon Martha Nahill Frahm Matthew Horvitz We recently had the opportunity to co-sponsor and present during the College & University Hotel Ownership Symposium (CUHOS), on March 4-5...
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....
21 Dec, 2023 Must Lenders Negotiate Post-Borrower CRE Default? By Andrew Baldizon Charles Jacob III With rising interest rates, the economic slowdown, and an uptick in distressed real estate, commercial borrowers and lenders are...
09 Aug, 2023 Reimbursement for Remediation: Massachusetts Brownfields Tax Credits Program Extended By Henry Edward Abelson Mary Katherine Velasquez-Heller Today Governor Maura Healey signed legislation extending the eligibility deadlines for the Massachusetts Brownfields tax credits program...
18 May, 2023 New Incentive Program For NYC Office Building Renovations By Dan Valenti The New York City Economic Development Corporation (NYCEDC) and the New York City Industrial Development Agency (NYCIDA) recently...
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...
06 Mar, 2023 Reexamining Underwater Lease Assumption Transactions By Abe Leitner Leah Segal Tax Notes Although it has been 70 years since Oxford Paper was decided by the Second Circuit, the case continues to be a focus of...
21 Nov, 2022 Taxachusetts Redux? The New Massachusetts Millionaires Tax By Matthew Hillery On November 8, 2022, Massachusetts voters elected to adopt Question 1, the so-called Fair Share Amendment or Massachusetts Millionaires...
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...
01 Sep, 2021 Big Potential Tax Changes on the Horizon for Clients By Matthew Hillery Martha Nahill Frahm Abe Leitner The U.S. House Ways and Means Committee released proposed budget reconciliation legislation on September 13, 2021. The bill still must...
02 Aug, 2021 Five Keys to Creating a Successful Family Entity By Kitt Sawitsky Starting a family entity can bring family members closer as they build a new level of meaningful interactions together. Along the way,...
12 Jul, 2021 New Massachusetts Brownfields Tax Credits Regulations Just Released By Henry Edward Abelson Justin Rheingold The Massachusetts Department of Revenue (DOR) issued final regulations effective July 9, 2021 (the Regulations) that are intended to aid...