NEWS - Forchelli Deegan Terrana Law

August 15, 2019

Buyers Beware – The RP-5217 Transfer Report Can Affect Future Real Estate Taxes

All real estate lawyers are familiar with the RP-5217 Form. You know the one; that mandatory transfer report that must be filed before a conveyance of real property can be recorded, which lists the property information, the sale price, circumstances of the sale and identifies the buyer. Nevertheless, many might be surprised to learn that the RP-5217, a seemingly straightforward formality, can have adverse consequences…

August 12, 2019

Does an ASTM Phase I Protect Banks?

Aaron Gershonowitz's article, "Does an ASTM Phase I Protect Banks?," was published in the Summer 2019 Real Estate Finance Journal. Reprinted with permission from the Real Estate Finance Journal.

August 6, 2019

NYREJ reported FDT’s ranking as a top construction law firm by Construction Executive magazine

The New York Real Estate Journal reported that Forchelli Deegan Terrana LLP ("FDT") was ranked a top construction law firm by Construction Executive magazine. Click here to read the firm's press release, which was published on page 13C of the August 6-19, 2019 paper's Long Island section. Reprinted with permission from the New York Real Estate Journal.

July 30, 2019

Need a real estate lawyer? Forchelli Deegan Terrana LLP has you covered.

Forchelli Deegan Terrana LLP was featured in the New York Real Estate Journal's special 30th Anniversary edition. Click here to read the firm's advertorial, which was published on Tuesday, July 30, 2019. Reprinted with permission from the New York Real Estate Journal.

June 21, 2019

Center for Biological Diversity v US Forest Service: To What Extent Does Failure to Take Steps that Might Mitigate Environmental Harm Caused by a Third Party Make Someone Responsible for that Environmental Harm?

The 9th Circuit Court of Appeals decision in Center for Biological Diversity v US Forest Service, 2019 WL 2293425 (May 30, 2019) raises important questions about the extent to which someone might be held liable for failing to prevent someone else from causing environmental harm. The Center for Biological Diversity alleged that the Forest Service violated the Resource Conservation and Recovery Act (also known as…

June 21, 2019

Limitations of Section 253-b on commercial line of credit

"Section 253-b of the New York State Tax Law is relied upon by many commercial lenders and their counsel as a safe haven exempting re-advances from the payment of additional mortgage tax under commercial credit line mortgages made for a face amount of less than $3 million. That reliance is often misplaced as the benefits under Section 253-b of the tax law are actually very…

June 13, 2019

Who’s Who in Real Property & Tax Certiorari Law – John V. Terrana

"In January 2019, Nassau County completed the first county-wide reassessment in eight years,” Terrana said. “Since then, I have been reviewing assessments, estimating taxes based on the new assessment and challenging same for existing, and many new, clients,” he said. “Laura Curran recently appointed me co-chair of the Nassau County Assessment Review Commission’s (ARC) 6-40 Review Committee, which will make recommendations to update and streamline…

June 4, 2019

Jane Chen of Forchelli Deegan Terrana LLP Recognized by the Huntington Chamber

Jane Chen, an associate in the firm's Corporate & Commercial and Real Estate practice groups, was recognized at the Huntington Chamber's 'Celebrate Long Island's Young Professionals' event. A reception was held at Crest Hollow Country Club on May 7, 2019. Click here to read the story, which was published on page 15A of the June 4, 2019 paper. Reprinted with permission from the New York…

June 4, 2019

Forchelli Deegan Terrana LLP’s Danielle Tricolla Recognized by Hofstra University

Danielle E. Tricolla, an associate in the firm's Litigation practice group, was a recipient of Hofstra University's 'Outstanding Women in Law' award. A reception was held at RXR Plaza in Uniondale on April 22, 2019. Click here to read the story, which was published on page 17C of the June 4, 2019 paper. Reprinted with permission from the New York Real Estate Journal.

May 21, 2019

Dispelling 5 Misconceptions About Environmental Issues

I am starting to prepare course materials for a course entitled “Environmental Law for Non-Environmental Lawyers.” The purpose of the course would be to dispel many of the misconceptions that people have about environmental issues. As a starting point, here are 5 easy ways to tell that the person talking about the environmental issue has no clue: 1. “There are no hazardous substances in the…