CRE Insider Blog
Welcome to the Commercial Real Estate Insider, insights from First American's real estate experts.

Application Of Step-transaction Doctrine To New York City Transfer Tax Upheld

By Mike Berey on January 18, 2018



GKK2 Herald LLC (“GKK2”) and SLG LLC (“SLG”), the owners, respectively, of 45% and 55% tenant-in-common interests in real property located at 2 Herald Square in Manhattan, transferred their interests to 2 Herald Owner LLC (“Herald LLC”). GKK2 received a 45% member interest in Herald LLC and SLG received a 55% interest in Herald LLC.

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Topics: New York Taxes

City Can Assert Adverse Possession When It Collected Real Estate Taxes

By Mike Berey on October 26, 2017


The Plaintiff, whose predecessors-in-interest purchased the land in question in 1948, sought a ruling declaring that it was the sole owner of the property.

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Topics: Taxes

Refinance And Modification Recordation Tax Exemptions On Commercial Property In Dc

By Renee Bondaroff on December 8, 2016

Parties submitting Deeds, Memorandum of Lease, Deeds of Trust, Modifications and Easements to the Recorder of Deeds for filing in the District of Columbia will be required to present a properly completed FP 7 form as well as supportive documentation in order to have their request for exemption from taxation considered.

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Topics: Refinance Washington DC Taxes

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