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, ...
Read More ›
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 ...
Read More ›
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 ...
Read More ›
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.
Read More ›
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 ...
Read More ›
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 ...
Read More ›
Topics: New York