Archives for March 2022

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 ...

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...

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...

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...

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...

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...

Pent-up demand, a weak dollar, and surging wealth have lifted Manhattan’s luxury market from the pandemic doldrums — developers, take note.  (Commercial Observer)    The first rule of real estate is location, location, location....

We are very excited to be able to announce 3 new attorneys who have been added to the CPL team! Susannah Rosato joins our Commercial Real Estate group. Her practice has focused on representing...

Life insurance can be a key component in an estate plan. Whenever I think about this tool, the words that come to mind are security, liquidity, and non-probate. Let’s discuss how each of these...

New York state passed the Mental Hygiene Law in 1972, creating a broad legal framework to address the needs and rights of the mentally disabled and incapacitated, as well as public concerns. The NY...