Holm & O’Hara LLP is pleased to announce that effective July 1, 2022 Steven E. Glass, Esq., has been made partner in the firm. Mr. Glass, who has been with the firm since 2017, focuses his practice on various trusts and estates matters, including estate planning and estate administration. He also handles residential real estate transactions and […]
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Michael L. Landsman has published his book, Key Strategies for Real Estate Investors: A Practical Guide to Investment Real Estate, an accessible, illustrated 240-page guide for real estate investors, as well as for anyone interested in or working in the real estate industry. For additional information, please visit www.ksreibook.com.
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Multifamily buildings have long been a favored vehicle for commercial property investors. They historically produce reliable income and consistently increase in value over time. This in turn means that they retain value in a variety of market conditions and may even rapidly increase in value in some circumstances. Financing is typically readily available on favorable […]
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Investors interested in commercial rental property will find occupied properties have widely varying lease terms, with differing obligations for both the landlord and the tenants. Some tenants merely pay a fixed rental payment and are not responsible for any property taxes or maintenance costs. Other tenants will pay some or all the property taxes in […]
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New York’s Housing Stability and Tenant Protection Act of 2019 was signed into law on June 14, 2019. Real estate experts, investors, attorneys and pundits are still trying to make sense of what it means for New York’s rental real estate market. In this second article on the law’s impact on investors in multifamily properties, […]
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New York’s Housing Stability and Tenant Protection Act of 2019 was signed into law less than a month ago. Since that time, there has been a flurry of articles covering the specifics of the law, some analysis of how the new law might impact rents differently than the old law and the predictable array of […]
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As part of the FY2020 budget, New York State will seek new revenue from real estate transactions. The final legislation is expected to yield hundreds of millions of dollars for state coffers and is intended to secure $5B in bonds for the MTA. It will: Increase transfer taxes by 60%, from .4% to .65% Commercial properties sold for $2M […]
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On September 1, 2018, Anthony T. Simari, Esq., joined Holm & O’Hara LLP as a partner in our real estate group focusing on multi-family properties. Anthony is a seasoned professional; in each of the last five years, he has closed transactions for properties collectively valued at more than $200,000,000. After his first six months with […]
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In the field of real estate, few categories have the make or break significance of fair housing laws. Embrace diversity and equal opportunity, and you will build a broad client base with extraordinary potential for repeat business. Disregard or violate the complex fair housing and anti-discrimination rules and you could end up with significant liability, a ruined reputation and […]
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Buying or selling a commercial or investment property is a process, sometimes an involved one. One of the more complex—and least understood—aspects of this process is the Phase I Environmental Site Assessment (ESA). We asked environmental attorney James J. Periconi to explain some of the essentials of Phase I ESAs and why it is often […]
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