Posts from January 2008.

Latest News & Developments in Commercial Real Estate Law

Since 2008, we have used our real estate law blog as a way to keep readers informed about the latest developments and news within commercial real estate law. Some of the topics we regularly address include court decisions on disputed commercial real estate transactions, limited liability company law and high-end residential real estate transactions. In addition to informing readers, we make it a priority to provide an in-depth analysis of the topics we discuss.

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Although we put a lot of effort into ensuring that our real estate law blog is a consistent source of useful information, we want it be more than just a broadcast medium. That's why we encourage all of our readers to share their thoughts and opinions in the comments section. We've also designed our blog posts to be easily shareable through Twitter, LinkedIn, and Facebook, making it easy to start a discussion on one of those social media platforms. 

If you want to ensure that you never miss a new post from our real estate blog, you can use the RSS or email option on the left to sign up for updates whenever a new post is published. You may also want to follow Tom on Twitter @TDKearns where he tweets on commercial real estate and business law topics.

Real estate investment LLC and partnership agreements frequently include “shotgun” buy/sell clauses in the event one partner wishes to force a sale of the property or to otherwise resolve a deadlock. (We use “shotgun” to refer to the “You buy us or we buy you at a value of $X” type clauses where a sale of either side is required.) Many clients have asked for guidance on these clauses and we have put together the thoughts of our real estate and litigation lawyers experienced in exercising these provisions:

An unfamiliar and little understood change in New York City Real Property Transfer Tax (“RPT”) which has been in effect since August 1997 assists sellers of homes, cooperatives and condominiums to substantially reduce their transfer taxes and, if done correctly, also helps purchasers reduce their mortgage recording taxes. The complexity of rules (and increased legal fees) generally limit these tax savings to sales of high-end residences where sellers and purchasers can realize a significant benefit.


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