H.R. 1 (President Trump’s so-called “One Big Beautiful Bill”) was officially signed into law Friday, July 4, and with it came sweeping changes to the real estate industry. Some of these changes are extensions of Trump’s Tax...more
7/15/2025
/ Affordable Housing ,
Bonus Depreciation ,
Commercial Real Estate Market ,
Energy Efficiency ,
Investment ,
One Big Beautiful Bill Act ,
Opportunity Zones ,
Real Estate Investments ,
Real Estate Market ,
Renewable Energy ,
Solar Energy ,
Tax Credits ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Incentives ,
Tax Reform
As of June 11, 2025, the Fairness in Apartment Rental Expenses (FARE) Act, also known as Local Law 119 of 2024, is in effect after being upheld in court. The law significantly shifts how broker fees are handled in New York...more
6/19/2025
/ Apartments ,
Broker Commissions ,
Brokers ,
Constitutional Challenges ,
Consumer Protection Laws ,
Enforcement ,
Fees ,
Free Speech ,
Landlords ,
New Legislation ,
New York ,
Penalties ,
Real Estate Transactions ,
Regulatory Requirements ,
Tenants
Effective January 1, 2025, New York City’s Fair Chance for Housing Act became law. The Fair Chance for Housing Act is designed to eliminate barriers for individuals with criminal conviction histories seeking housing. The...more
2/18/2025
/ Affordable Housing ,
Anti-Discrimination Policies ,
Civil Rights Act ,
Criminal Background Checks ,
Discrimination ,
Fair Housing Act (FHA) ,
Housing Developers ,
Housing Market ,
Landlords ,
New Legislation ,
New York ,
Property Owners ,
Regulatory Requirements ,
Residential Property Owners ,
Tenants
Major changes hit the U.S. housing market this past month that may lead to lower housing prices across the nation. These changes stem from a settlement agreement entered into by the National Association of Realtors (“NAR”),...more
In early June, the first Commercial Property Assessed Clean Energy (“C-PACE”) transaction closed in New York City, courtesy of C-PACE financing provided by Petros PACE. In connection with a larger $500 million dollar...more
Property Assessed Clean Energy (“PACE”) (also sometimes referred to as C-PACE) financing is a little-known financing tool now available to commercial property owners in more than 35 states, including New York, New Jersey, and...more
As the COVID-19 (Coronavirus) pandemic continues to have devastating effects on our nation’s economy, particularly for small businesses and restaurants struggling to make ends meet and stay afloat, relief has become available...more
On May 22, 2020, New York Governor Andrew Cuomo announced the launching of the New York Forward Loan Fund (NYFLF), a loan program providing relief for small businesses or non-profits located in New York State or small...more
In the midst of the global COVID-19 (Coronavirus) pandemic, some New York building owners are breathing a collective sigh of relief after securing a hard-fought victory in the New York Court of Appeals. On April 2, 2020, the...more
To combat against the harmful effects of climate change, the New York City Council recently passed the Climate Mobilization Act (CMA)[1] – landmark legislation aimed at reducing New York City greenhouse gas emissions levels...more
Residential property sellers and buyers beware – New York has implemented unprecedented reporting requirements for the purchase or sale of residential one-to-four family units, including condominiums, [1] by LLCs. On...more
As the hours count down before the laws governing New York City’s rent-regulated apartments are due to expire, the New York Senate and Assembly have come to an agreement on permanent and far-reaching reforms which affect...more