CRE Insider Blog

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

Volatility Is More Than VIX!

By First American NCS on August 16, 2016
Real estate cycles are generally created by movements in demand not supply. While it is important to track commercial real estate performance through various cycles and divergent trends, patterns of performance are impacted not just by supply and demand, ...
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Topics: Whitepaper VIX Volatility Index

Title Company Reporting Required by FinCEN Expanded

By Mike Berey on August 15, 2016
As reported in a post to CRE Insider on March 29, 2016, the United States Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) issued Geographic Targeting Orders (GTO) on January 13, 2016 requiring “certain U.S. title insurance companies ...
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Topics: FinCEN

AVOIDING BOOT AT THE CLOSING OF A 1031 EXCHANGE

By Mary Kay Kennedy on August 11, 2016
Exchange vs. Non-Exchange Expenses When closing a 1031 exchange transaction, it’s important to focus on which expenses are being paid with exchange funds. Some expenses that are expenses of owning property (such as property taxes and insurance) rather ...
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Topics: 1031 Exchange

Why Using 2001 UCC Forms in New York is Not So Bad

By David L. Wanetik on August 4, 2016
New York State remains the only state still using UCC forms dated 2001. While it may appear to be embarrassing as the “financial center of the world”, there are actually some benefits of these old forms over the new forms being used by every other state.
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Topics: New York UCC

Credit-Agreement Statutes: Are Equitable Defenses Permitted?

By Jack Murray on July 26, 2016
Introduction In response to the surge in lender-liability claims against mortgage lenders commencing in the mid-1980s -- especially in connection with affirmative claims or defenses of borrowers based on breach of an alleged oral agreement to lend; to ...
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Topics: Credit Agreement

NYC and NYS Transfer Taxes Distinguished

By Mike Berey on July 21, 2016
The New York City Real Property Transfer is as much as 2.625% on the transfer of commercial real property and on the transfer of a controlling interest in a real property owning entity. New York State’s Real Estate Transfer Tax on such transfers is $4.00 ...
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Topics: New York

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