News
Informative. Intelligible. Proactive.
We educate our clients about how various aspects of the law can present them with both challenges and opportunities. Here we offer various informational pieces prepared by the firm and links to other items of interest, as well as occasional firm news. Material provided here is for informational purposes only and is not intended to substitute for actual legal advice.
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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Posted on July 17th, 2019 in News Items, Newsletter, Real Estate
Following federal estate tax reforms that took effect in 2014, New York State also revised its estate tax law so that estates of deceased New York residents worth less than $5 million (adjusted for inflation, currently $5.74 million) are no longer subject to estate tax. The basic exclusion amount was previously just $1 million. Rather […]
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Posted on June 3rd, 2019 in News Items, Newsletter, Trusts & Estates
With the onset of the 2018 tax season, the impact of the Tax Cuts and Jobs Act (Pub. L. No. 115-97) (“TCJA”), passed quickly at the end of 2017 is becoming more apparent. One year after the enactment of the new law, its wide-ranging effects on both individuals and companies are coming more clearly into […]
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Posted on April 30th, 2019 in News Items, Trusts & Estates, Trusts & Estates Update
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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Posted on April 8th, 2019 in News Items, Newsletter, Real Estate
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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Posted on February 27th, 2019 in Anthony T. Simari, News Items, Newsletter, Real Estate
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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Posted on February 27th, 2019 in Michael L. Landsman, News Items, Real Estate
The holidays are over. The champagne flutes and decorations are stowed away, and the prospect of spending hours feasting and reminiscing with your nearest and dearest at is again at a safe distance in the future. The holiday season offers an opportunity to reflect on the people in your life and how you may […]
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Posted on January 23rd, 2019 in News Items, Newsletter, Trusts & Estates
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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Posted on November 27th, 2018 in News Items, Newsletter, Real Estate
For many people, back to school time is also back to business time. Certain industries and markets – like real estate – which tend to quiet down in August, start to see new life in September. Holm & O’Hara LLP’s Fall Real Estate Update covers four topics of interest to those who are likely to buy or […]
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Posted on September 25th, 2018 in News Items, Newsletter, Real Estate
Anthony T. Simari, Esq., joins Holm & O’Hara LLP as our newest partner effective September 1, 2018. Anthony will be working in the firm’s real estate practice, where his deep experience with complex transactions makes him an excellent addition to our team. Throughout his career, Anthony has represented clients in acquisition, development and financing of […]
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Posted on September 1st, 2018 in Anthony T. Simari, News Items, Real Estate
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