In this ongoing article series with Citybiz, members of the Goulston & Storrs Commercial Real Estate Workouts Group keep you up to date on the current and emerging issues related to workouts and the Commercial Real Estate...more
Senators Manchin and Schumer this week announced that the “Inflation Reduction Act of 2022” will be added to the FY2022 Budget Reconciliation bill. The bill includes changes to Section 1061 of the Code (which was added to the...more
Should a family office asset manager receive a carried interest from the family investment vehicles it manages? If yes, how does the carried interest align with the intergenerational planning of the family office?...more
Summary: Corporate Transparency Act and the Federal Entity Beneficial Ownership Reporting Requirement -
The National Defense Authorization Act that was enacted on January 1, 2020, overriding a presidential veto, includes...more
A New York State legislative proposal (currently in committee review) would impose mortgage recording tax on mezzanine debt and preferred equity investments related to real property upon which a senior loan is being...more
10/6/2020
/ Debt Financing ,
Equity Investors ,
Legislative Agendas ,
Mezzanine Lenders ,
Mortgages ,
Proposed Legislation ,
Real Estate Investments ,
Recording Statutes ,
State and Local Government ,
Tax Liability ,
Tax Planning ,
Tax Reform
As the U.S. heads into another major economic downturn, one type of property has bubbled to the top of every real estate investor’s mind: distressed assets. During the last recession, U.S. commercial property prices fell by...more
PPP UPDATE – PPP Flexibility Act Reduces Amount Required to be Spent on Payroll; Expands Time Period for Forgiveness and Rehiring Employees; Permits Forgiveness Recipients to Defer Payroll Taxes...more
1. ALL PPP Borrowers Must Review New Certification Guidance, Whether Public or Private; Loans Over $2 Million Will Be Subject to Mandatory Audit; Safe Harbor Expires May 7...more
1. The Paycheck Protection Program and Healthcare Enforcement Act: What You Need to Know -
On April 24, 2020, the President signed into law the Paycheck Protection Program and Healthcare Enhancement Act (the “Act”), amending...more
Applying for a PPP (Paycheck Protection Program) loan for your hotel? First, reach out to your lender to confirm that it is accepting applications and submitting them to the Small Business Administration (SBA) on the same...more
As retail leasing continues to evolve, real estate investment trust (REIT) landlords, retail tenants and the business / advisory teams on both sides will want to ensure that REIT issues are surfaced and negotiated before the...more
On December 22, 2017, the President signed into law H.R. 1, informally known as the “Tax Cuts and Jobs Act” (the “Act”), implementing sweeping changes to the United States tax regimes generally applicable to businesses. Most...more
On December 22, 2017, the President signed into law H.R. 1, informally known as the “Tax Cuts and Jobs Act” (the “Act”). The Act will have a significant impact on many sectors of the economy including the real estate sector....more
1/3/2018
/ Alternative Minimum Tax ,
Business Taxes ,
Carried Interest Tax Rates ,
Corporate Taxes ,
Income Taxes ,
Like Kind Exchanges ,
New Legislation ,
Pass-Through Entities ,
Real Estate Market ,
Tax Credits ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Rates ,
Tax Reform ,
Trump Administration
On December 22, 2017, the President signed into law H.R. 1, informally known as the “Tax Cuts and Jobs Act” (the “Act”), implementing sweeping changes to the United States tax regimes generally applicable to businesses. ...more
12/29/2017
/ Alternative Minimum Tax ,
Base Erosion Tax ,
Business Taxes ,
Carried Interest Tax Rates ,
CFCs ,
Corporate Taxes ,
Foreign Tax Credits ,
Income Taxes ,
Net Operating Losses ,
Pass-Through Entities ,
Tax Deductions ,
Tax Rates ,
Tax Reform ,
Trump Administration