Blog

Hamptons Summer Landlords Rejoice Due to Rent Law Amendment

May 13, 2022 | Landlord-Tenant

As we all know, the Housing Stability and Tenant Protection Act (HSTPA) of 2019 placed a limit on how much security deposit a landlord in NY can collect from a tenant (the equivalent of...

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The New York Times: ‘High-Rise Hell’ N.Y.C. Skyscraper’s Elevator Breakdowns Strand Tenants

April 6, 2022 | Uncategorized

A luxury residential building in the financial district with more than 750 apartments has been experiencing lengthy elevator outages since the fall. By Karen Zraick and Ashley Wong at The New York Times    When it was completed in...

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Adams’ Economic Blueprint Targets Central Business Districts

April 4, 2022 | Uncategorized

BY: Brian Pascus at Crain’s New York Business  Mayor Eric Adams has big plans to revitalize New York’s central business districts as the city emerges from Covid-19. The mayor’s blueprint includes expanded promotional campaigns,...

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Op-ed: How commercial property owners can prepare for an influx of electric cars

March 31, 2022 | Uncategorized

By: Daniel Colombini and Vinod Palal at Crain’s New York Business Daniel Colombini and Vinod Palal are principals at New York City-based consulting engineering firm Goldman Copeland.     The use of electric vehicles in the United States is...

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Harry Macklowe Reimagines a Downtown Manhattan Office Tower

March 28, 2022 | Uncategorized

Harry Macklowe Reimagines a Downtown Manhattan Office Tower Macklowe Properties’ conversion of the landmarked One Wall Street into 566 condos represents the largest such conversion in NYC history BY TOM ACITELLI at Commercial Observer ...

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The New Queens And Kings Of New York City Real Estate

March 17, 2022 | Uncategorized

2020 was, of course, a historic downturn for New York City, but as that year came to an end, activity and transaction volume began to increase once again. This uptick in activity has continued through...

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Council Calls for Crackdown on ‘dark stores’

March 17, 2022 | Uncategorized

Vacant retail spaces across the city are being turned into makeshift warehouses by app-based grocery delivery companies — in potential violation of zoning rules, according to City Council members looking to crack down on the...

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1031 EXCHANGE BASICS

March 1, 2022 | Real Estate

WHAT IS IRC SECTION 1031? Section 1031 of the Internal Revenue Code (IRC) allows a taxpayer who owns investment or commercial property to exchange a relinquished property and defer paying capital gains taxes.  If...

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UPDATES ON ESTATE AND GIFT TAX LEGISLATION

February 10, 2022 | Estate Planning

By Christian D. Curtis Back in June 2021, after fielding many calls from concerned clients, I hosted a Webinar regarding President Biden’s bold tax change proposals. These proposals would have made some profound changes...

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In Wake of the Champlain South Tower Collapse in Surfside, Florida

February 7, 2022 | Real Estate

In October 2021, the Federal National Mortgage Association was the first to announce updates to its guidelines and criteria changes for Condo and Co-op Projects.  These changes came in the wake of the tragic...

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Chaves Perlowitz Luftig LLP