News & Publications

As the commercial real estate market continues to be strained by a combination of rising interest rates and a pending recession, causing a decline in commercial real estate valuations and a restricted lending market, the need for new equity to cover the "shortfall" in the capital stack of many real estate investments is growing. The need of real estate owners to find new equity is arising in a multiple of circumstances, the most prevalent being [...]

New York State imposes a transfer tax on conveyances for both commercial and residential real property located within the state. The current transfer tax rate for New York State is 0.4%. Additional transfer taxes may also be imposed depending on certain counties and municipalities within New York. Typically, transfer taxes are paid by the sellers or the grantor. The parties can also negotiate, as part of their contract, that the purchaser is required to pay [...]

Leaders across industries have gotten creative — sometimes forceful — in their initiatives to encourage their employees to return to the office. As work/life balance, productivity, and employee engagement have been at the forefront of labor conversations for executives, the approach to revamp the ways, times, and places work is done has become part of the growth process for many companies who are looking to expand post-pandemic. With many offices only being used occasionally, or host only a fraction [...]