Tag Archives: real estate

ILN Today Post

Unlocking Hidden Tax Savings Through Real Estate Tax Abatements

Benjamin Franklin stated, “…in this world nothing can be said to be certain, except death and taxes.” But that doesn’t mean that the taxes levied can’t be challenged.

It is a common misconception that tax abatements are only available when new structures are being built. In fact, owners and users of existing properties, such as offices, warehouses, retail shopping outlets, hotels, nursing homes and multi-family residential units, also have the opportunity to achieve substantial tax refunds or savings through the abatement process. Similar opportunities exist for the reduction of personal property taxes levied upon equipment and other items used in operating businesses and real estate. Many people also do not realize that real estate tax abatements can be achieved by tenants who pay more than one-half of the annual tax levy.

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ILN Today Post

RCCB promoted Timothy Levy to Partner and Michael Goldberg to Counsel

Royer Cooper Cohen Braunfeld LLC (RCCB), a law firm offering a distinctive combination of practical business acumen, legal expertise and entrepreneurial passion, today announced the promotion of Timothy Levy to Partner and Michael Goldberg to Counsel. Tim and Michael both reside in the firm’s Conshohocken office. The promotions were effective as of January 1, 2019.

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ILN Announces Third Edition of “Buying & Selling Real Estate: An International Guide”

The International Lawyers Network’s Real Estate Specialty Group announces the third release of its publication, “Buying & Selling Real Estate: An International Guide.” This collaborative electronic guide offers a summary of key real estate law principles in 21 jurisdictions across the globe, serving as a quick, practical reference for those buying & selling real estate in these jurisdictions.

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Hall & Wilcox boosts property practice with new appointment

Leading independent business law firm Hall & Wilcox has boosted its property transactions practice and its government and public sector capability with Jane Baddeley joining the Property and projects team as a partner in the firm’s Melbourne office.

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ILN Today Post

NAV is coming… 10 questions you should know the answer to

Since the start of the year there have been new laws in place regulating tax audits and tax lawsuits. The stakes are pretty high: the National Tax and Customs Administration (NAV) conducts almost 30,000 audits annually, assessing tax deficiencies of about HUF 500 billion and imposing fines of almost the same amount. Therefore it is important to know the rights taxpayers have under the new rules and the most efficient ways to fight NAV.

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Restrictive covenants; do they mean I can’t redevelop my property?

Developers often identify land that looks good for development on the face of it, only to discover that there are restrictive covenants preventing the land from being developed or used in the way they would like. This can be incredibly frustrating; especially where the restrictive covenants are historic and the interests they seek to protect appear to be of limited modern relevance.

In this article I will explore what a developer can do when confronted by such a restrictive covenant. I have used “beneficiary” to describe the party with the benefit of the restrictive covenant and “you” to describe the developer.

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ILN Today Post

Block-insurance-buster

Block insurance policies are a very common way of insuring multiple properties. Landlords can benefit from economies of scale and may find the administration easier with only one renewal date and uniform terms. However, earlier this year the Upper Tribunal held that one landlord could not recover its block policy premia, despite being permitted to do so under the terms of its lease, because the premia were not “reasonably incurred”.

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ILN Today Post

Managing Partners Selected as 2018 South Florida Power Leaders

Shutts & Bowen is pleased to announce that partners Joseph M. Goldstein, Arthur J. Menor and Francis E. Rodriguez have been selected as South Florida Power Leaders by the South Florida Business Journal. This year’s list reflects a “dynamic regional marketplace” and highlights leaders from South Florida’s private, public and civic sectors who have steered their companies to prosperity and helped the region thrive.

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ILN Today Post

Billion Dollar Career in Luxury Residential and Commercial Deals

With just over a week left in 2017, Leo G. Aubel of Howard and Howard Attorneys PLLC was busy closing some $50 million in luxury residential and commercial real estate deals. At 200 transactions a year, Aubel estimates he is well over $1 billion in residential real estate transactions for his career so far. The total may well have surpassed $2 billion with commercial real estate deals added in, he says.

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ILN Announces Second Edition of “Buying & Selling Real Estate: An International Guide”

The ILN’s Real Estate Group is delighted to announce today the release of the second (and updated) edition of their guide, “Buying & Selling Real Estate: An International Guide.” This collaborative electronic guide offers a summary of key real estate law principles in 18 countries across the globe, serving as a quick, practical reference for those establishing an entity in these jurisdictions. In 2017, we have added seven new jurisdictions, which includes Argentina, the Bahamas, Brazil, Chile, India, the Netherlands, and Michigan. The group continues to work collaboratively to update the guide with the latest figures and regulations for their countries, and we’re really excited to provide this valuable resource for firms and companies with multinational business needs.

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