Tax-exempt commercial leasehold condominiums take hold on Long Island

"Tax-exempt commercial leasehold condominiums take hold on Long Island," authored by Forchelli Deegan Terrana LLP partners Judy Lynn Simoncic and Nathan R. Jones, was published in the November 19, 2019 issue of the New York Real Estate Journal (pages 2A & 13A). Click here to read the article. Reprinted with permission from the New York Real Estate Journal.

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Environmental Impact Statements: Which Effects of an Action are Impacts that must be Considered?

The recent decision by the 11th Circuit Court of Appeals in Center for Biological Diversity v US Army Corps of Engineers, 2019 WL 5690619 (Nov. 4, 2019) concluded that impacts of an action that are “at most, tenuously caused” are not impacts that must be considered in preparing an environmental impact statement. The case arose out of an application by a fertilizer manufacturer for a…

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RP-5217 Transfer Report Can Affect Future Real Estate Taxes

John V. Terrana and Gabriella E. Botticelli's article, "RP-5217 Transfer Report Can Affect Future Real Estate Taxes," was published in the September 17, 2019 New York Real Estate Journal (Front Section). John is a Partner and chairs FDT's Tax Certiorari practice group. Gabriella is an Associate in the firm's Tax Certiorari practice group.

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Dispelling 5 Misconceptions About Environmental Issues, Continued

My post listing the top 5 misconceptions about environmental law received positive feedback, so I am continuing it in this post, listing misconceptions 6 through 10. The top 5 were statements that many transactional attorneys believe, but are false. Misconceptions 6-10, on the other hand, are sometimes true. 6. The investigation found contamination, so we must report it to the State. That statement is sometimes…

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Who’s Who: Women in Professional Services – Stephanie M. Alberts

"A large part of my practice is estate planning. At the forefront of my practice is a focus on the client. As part of that focus, I concentrate on keeping current with changes to the tax law so that I can provide cutting-edge estate planning strategies. I also encourage clients to re-visit their estate plan every few years or when a significant life-event occurs and…

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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…

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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.

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