Articles
Lender Liability Claim Results in Sanctions Against Borrower’s Counsel

A creative attempt by a borrower to forestall foreclosure and recover damages against its lender ended badly for the borrower, with the borrower and its counsel being sanctioned.
Navigating Lender Liability Complexities & Minimizing Risk

As lenders and borrowers try to get creative in working through ongoing distress in the real estate market, especially in certain asset classes, it is crucial for lenders to understand the nuances of lender liability claims.
Commercial Real Estate Note Purchases: Lender’s Loss, Investor’s Gain

More than two years have passed since the Federal Reserve seismically shifted its fiscal policy and began hiking interest rates.
D.C. FY25 Budget Expands CRE Revitalization Initiatives

The 2025 budget includes the “Central Washington Activation Conversion Program Amendment Act of 2024,” a new property tax freeze to help further commercial real estate initiatives in the City core.
Lions and Turtles and Bearded Dragons, Oh My!

In Fleming, the Massachusetts Appeals Court grappled with some scaley zoning issues arising out of personal ownership of 460 reptiles.
"You Are A New Yorker The First Time You Say, '"That Used To Be…'"

According to one of my favorite novelists, Colson Whitehead, “No matter how long you have been here, you are a New Yorker the first time you say, 'That used to be Munsey's' or ‘That used to be the Tic Toc Lounge.’”
Commercial Real Estate Note Purchases: Lender’s Loss, Investor’s Gain

More than two years have passed since the Federal Reserve seismically shifted its fiscal policy and began hiking interest rates. Approximately $2.0 trillion of commercial real estate mortgages are scheduled to reach maturity from 2024 through the end of 2026.
New Changes To Vacant Residential Land Tax: Is Your Holiday Home Effected?

Victorian holiday homeowners will have been paying close attention to the expansion to vacant residential land tax provisions in the Land Tax Act 2005 which come into effect from the 2025 land tax (calendar) year.
Boston’s Planning-Led Rezoning: New Skyline Districts

Boston is continuing its commitment to planning-led rezoning with the recent release by the Boston Planning and Development Agency ("BPDA") of a draft zoning text amendment and zoning map to implement the PLAN: Downtown planning study adopted in December 2023.
Foreign Surcharges: Surcharge Purchaser Duty Back On The Table

The tide has turned for citizens from nations once spared from surcharge duties and taxes on land purchases in NSW. Thanks to the introduction of new federal legislation, the validity of the imposition of surcharge duties and taxes by all state and territory bodies has been confirmed.
Victorian Domestic Building Insurance: New Penalties To Apply To Uninsured Builders

Victorian builders entering into major domestic building contracts must ensure the building work performed is adequately covered by domestic building insurance (DBI) or face strict new penalties.
Acquiring Land In Victoria in 2024? Tax Changes That Are Essential To Understand

In 2024, land acquisition in Victoria faces the impact of some notable tax changes which demand closer scrutiny from both vendors and purchasers. Navigating these tax intricacies will undoubtedly shape the success of your acquisitions and sales.
Withholding Tax And Dividends To A Luxemburg Company

The reimbursement to a Swiss company by a Luxembourg company of the entire dividends received from a French company does not exclude the status of the beneficial owner and the exemption of the French witholding tax.