Real estate taxes increase? Maybe the roof is to blame

When the growth of the property tax expense outpaces rental revenue, property owners must be creative in an effort to maximize their net operating income (NOI). For decades, savvy property owners have been utilizing their roofs for just that. The roof can be a valuable asset in two main areas: installation of telecommunication equipment (most commonly, cellular phone antennas) and placement of solar panels. This…

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Mary Mongioi Appointed Co-Chair of Forchelli Deegan Terrana LLP’s Corporate and Mergers & Acquisitions Practice Group

Forchelli Deegan Terrana LLP (“FDT”), one of Long Island’s premier law firms, is proud to announce the appointment of Mary Mongioi as Co-Chair of its Corporate and Mergers & Acquisitions practice group. Her appointment was effective January 1, 2025. In this new leadership role, Ms. Mongioi will work alongside her fellow Co-Chair, Joseph Cuomo, to further strengthen the group’s commitment to delivering exceptional legal services…

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2024 Year in Review: Laureen Harris, Forchelli Deegan Terrana LLP

What noteworthy transactions or deals from this year best exemplified key market trends or shifts?  As a tax certiorari attorney, my sole focus is to have my clients pay no more taxes than reflects the fair market value of their property. Municipalities want to protect their tax base and are, therefore, reluctant to reflect deficits to a property’s fair market value. In 2024, many municipalities…

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CTA Filing Obligations on Hold – Again!

The month of December has been a roller coaster for most business owners with respect to their Beneficial Ownership Interest (BOI) filing obligations under the Corporate Transparency Act (CTA).  In the latest news, on December 26, 2024, the Fifth Circuit Court of Appeals vacated its stay and reinstated the nationwide injunction prohibiting the CTA from being enforced.  The injunction, first issued on December 3, 2024…

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2024 Ones to Watch – Innovators in CRE: Brian Kennedy, Forchelli Deegan Terrana LLP

Brian Kennedy is a partner in the firm’s Land Use & Zoning practice group for the last six years. In his practice, Kennedy guides clients through the complex municipal approvals required for all development projects. Kennedy’s experience ranges from single family residential redevelopments through large-scale mixed-use and industrial developments. His practice centers on projects in Suffolk County – and fortunate to work on projects throughout…

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Positive forecast for New York’s pro-housing push?

New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing climate that, for years, has withstood change. In July 2023, governor Hochul signed Executive Order 30 creating the Pro-Housing Community Program. When first established, the program offered priority status to certified Pro-Housing Communities…

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Employers Must Be Careful Predicting Negative Impacts from Unionization

Avoiding unionization has become more fraught with problems for employers. The National Labor Relations Board just announced a decision in Siren Retail Corp d/b/a Starbucks, overruling its prior decision in Tri-Cast, Inc., 274 NLRB 377 (1985) and clarifying the test that the Board will use to evaluate whether employer predictions about the impact of unionization on the relationship between individual employees and their employer are…

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Companies Must File Their BOI Reports Before Time Runs Out!

There are less than 60 calendar days until the deadline for existing entities to file their beneficial ownership interest (“BOI”) reports to comply with requirements under the federal Corporate Transparency Act (“CTA”). The CTA requires that a BOI report (“BOI Report”) be filed by 1) nonexempt limited liability companies (“LLCs”), corporations, partnerships and any entity that is formed by filing a document with a secretary…

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Forchelli Deegan Terrana LLP Receives 2025 Best Law Firms® Rankings

Forchelli Deegan Terrana LLP is proud to announce that the firm received the following regional Best Law Firms® Rankings: Metropolitan Tier 1 Long Island in Employment Law – Management and Land Use and Zoning Law and Metropolitan Tier 2 Long Island in Litigation - Labor and Employment and Real Estate Law. Firms included in the Best Law Firms® Rankings are recognized for professional excellence with…

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Forchelli Deegan Terrana LLP Congratulates Laureen Harris, one of Long Island Business News’ Most Influential Long Islanders of 2024

Forchelli Deegan Terrana LLP warmly congratulates Laureen Harris, a partner in the firm's Tax Certiorari practice group, on being selected by Long Island Business News’ editorial team as one of the Most Influential Long Islanders of 2024. This special section profiles leaders across a variety of industries whose influence have impacted the Long Island community in a profound way. Ms. Harris earned her J.D. from…

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