Real Estate Law News and Insights

New York City Unveils Subsidy For Mixed Income Development

Published: Jan 12, 2024
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At the turn of the new year, New York City unveiled a city-funded adaptation of the 421a tax incentive (named after Section 421a of NY Real Property Tax and Proceedings Law), the lucrative state tax exemption that lapsed in 2022. Since the 1970s, developers for most major residential projects in...

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Commercial Real Estate Developments 101

Published: Jan 09, 2024
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A real estate development generally progresses through the following stages before construction can begin: Project planning; Forming an investment entity; Negotiating the development agreement; Negotiating the land acquisition and performing due diligence; Land use, zoning, and regulatory compliance; Retaining the contractor; Securing the financing; and Closing the acquisition and financing....

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Mass Fraud, Arson Threats, Murder, Organized Crime, Kidnapping: What Are The Limits Of ‘Buyer Beware’?

Published: Dec 27, 2023
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In an episode of The Simpsons in the late '90s, Marge Simpson takes a job as a real estate agent to make some extra cash. She made her first sale by selling a big, reasonably priced home to the Flanders family. In her haste to close the deal and despite her better...

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