CRE Insider Blog

Welcome to the CRE Insider Blog, a source of info and insights from First American’s leading real estate experts.

Conveyance Need Not be Reindexed After Tax Lot Change

By Mike Berey on December 10, 2019
In Akasa Holdings, LLC v. 214 Lafayette House, LLC (71 N.Y.S. 3d 57), a case decided by the Supreme Court, New York County, properties were benefitted and burdened by an easement contained in a Declaration of Easements recorded by the common owner in ...
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FinCEN (Financial Crimes Enforcement Network) Modifies GTOs for Reporting Cash Purchases

By Mike Berey on December 3, 2019
FinCEN has issued Geographic Targeting Orders (“GTOs”) requiring certain U.S. title insurance companies to identify the natural persons behind companies used to pay all cash for high-end residential real estate in New York City, Broward, Palm Beach and ...
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Topics: FinCEN wire fraud

NYS Tax Department Provides Guidance on LLC Disclosure Rules - Update

By Mike Berey on November 21, 2019
It was previously reported that Chapter 297 of the Laws of 2019, enacted September 13, 2019 to “take effect immediately”, amended Tax Law Section 1409(a) and added a new subdivision (h) to Section 11-205 of New York City’s Administrative Code, requiring ...
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New York Adopts Disclosure Requirements for Limited Liability Companies

By Mike Berey on October 16, 2019
Chapter 297 of the Laws of 2019, enacted September 13, 2019 to “take effect immediately”, amends Tax Law Section 1409(a) and adds a new subdivision (h) to Section 11-205 of New York City’s Administrative Code, requiring that transfer tax returns for the ...
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Topics: New York limited liability

Digital Disruption in Commercial Real Estate: How we Build

Digital disruption in commercial real estate affects how we build – at the planning level and construction. But consider how technology and accelerated change will impact the built environment.
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Topics: Digital Transformation Innovation real estate technology

Failure to Disclose a Property Condition May State a Cause of Action for Fraud

By Mike Berey on September 4, 2019
The Defendants-Sellers had completed a mold remediation project in the pool wing of the house prior to entering into a contract of sale with the Plaintiffs. Under the contract, the property was sold “as is”, no express representations as to the condition ...
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Topics: Fraud Mortgage Lending

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