What accomplishment, milestone, project or transaction stood out for you or your firm in 2025? My standout transaction in 2025 was the closing of a refinance bridge loan for a newly built 250+ unit multifamily project located in Florida. During the process we had to extend the then-current construction loan lender to give sufficient time to work towards the closing with the bridge lender. There…
As 2025 draws to a close, many of us reflect on lessons learned and look ahead to a fresh start in the New Year. For small animal veterinarians, this means addressing common legal challenges that can arise in practice. While striving to provide excellent care, veterinarians often face legal risks from seemingly simple oversights. Here are five top “traps” to leave behind - and how…
Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the Lienor does not commence an action to enforce following the service of a “Section 59 Demand”. Indeed, Lien Law § 59 allows for the cancellation of a Mechanic’s Lien if, following proper service of said demand, the…
New York’s move to let its state public sector labor board step in for a paralyzed National Labor Relations Board (NLRB) has ignited a constitutional fight that could redraw the boundaries of labor law authority in the United States. At issue is S.8034A, a law signed by Gov. Kathy Hochul in September amending Section 715 of the state’s labor law. It authorizes the state Public Employment Relations Board (PERB)…
Forchelli Deegan Terrana LLP (“FDT”) is pleased to announce that the firm has a combined total of 58 attorneys selected to the 2025 New York Metro Super Lawyers and New York Metro Rising Stars lists. FDT congratulates the following attorneys for being selected to the 2025 New York Metro Super Lawyers list: Jeffrey D. Forchelli, Chairman & Co-Managing Partner (Land Use/Zoning); John V. Terrana, Co-Managing…
Corporate Culture: How does your organization foster a culture of innovation among employees and leadership? My firm encourages attorneys from different departments to work together collaboratively on projects, which helps us anticipate challenges from multiple angles. The wide range of experience in different areas within the firm’s real estate sub-practice groups (land use/zoning, tax certiorari, municipal law, financing, litigation, and environmental law) enables us to develop…
The New York LLC Transparency Act (NYLTA) is set to take effect on January 1, 2026. The NYLTA will introduce a new beneficial ownership disclosure regime for limited liability companies operating in New York. The NYLTA will impact both LLCs formed in New York and foreign LLCs authorized to do business in the state. Under the NYLTA, LLCs formed or registered before January 1, 2026…
The State Environmental Quality Review Act, commonly referred to as SEQRA, is a state law that requires government agencies to assess the potential environmental, social, and economic impacts of a project to ensure balance and to protect the environment. In early 2025, the New York State Department of Environmental Conservation (NYSDEC) released proposed SEQRA amendments which aimed to incorporate provisions of the Environmental Justice Siting…
This article is a continuation of the article titled “Transitioning ‘Tails’: A Veterinarian’s Journey” that was published in Issue Number 9 (2024) regarding a veterinarian’s exit strategy, and is the fifth and final in a continuing series that guide the reader through the sale process. This installment will briefly address the equity documents issued in connection by a consolidator or private equity (“PE”) backed buyer.…
This article is a continuation of the article titled Transitioning “Tails”: A Veterinarian’s Journey that was published in Issue Number 9, in 2024, regarding a veterinarian’s exit strategy. This is the fourth in a continuing series that guides the reader through the sale process. This installment focuses on the key agreements signed at closing—commonly referred to as “ancillary documents.” “Ancillary documents” are documents that relate…