Sentences with phrase «of real estate legislation»

The Division also informs states about the competitive effects of real estate legislation.

Mukhi compared Bonomo's testimony to that of Charles Dorego, a real estate executive at Glenwood Management, who told jurors that he felt pressured to direct work to Adam Skelos because he needed his father's support in the Legislature as several key pieces of real estate legislation were due to expire.

«When you see a piece of real estate legislation that comes out and you see an outcome, that outcome doesn't mean that that's what REBNY wanted to have come out,» he said.

In coming days, prosecutors are expected to call witnesses tied to additional charges against Silver: That he profited from legal work sent to a second law firm in Manhattan by mega-landlord Glenwood Management and another real estate developer in return for the politician's alleged backing of real estate legislation.

Not exact matches

The final legislation enables companies to fully expense capital expenditures for most types of property other than real estate in 2018.

The change, which would allow real estate businesses to take advantage of a new tax break for «pass - through» businesses, combined elements of House and Senate legislation.

Although a total of $ 800,000 in real estate crowdfunding sounds like a lot, I view it as buying a $ 800,000 portfolio of 12 + different properties across the country at much lower valuations and much higher net rental yields compared to having $ 2,740,000 in one very expensive rental property in San Francisco that is now at risk of depreciating due to declining rents and new tax legislation that limits mortgage interest deduction and SALT deduction.

In the other, he was found guilty of profiting from legal business sent to a second law firm by mega-landlord Glenwood Management and another developer in return for his backing on real estate legislation.

The trial included both proof of acts that clearly met that standard — pushing $ 500,000 in legislative grants for the cancer researcher, and backing real estate legislation for the developers — and lesser favors, like trying to get the researcher's child a job, helping get permits for a charity race and meeting with lobbyists.

«Silver's case is factually almost nothing like McDonnell; there is no question that Silver took a number of official acts — most obviously, passing legislation and approving state grants and tax - exempt financing — as part of a quid pro quo in the Mesothelioma and Real Estate Schemes,» Judge Caproni wrote.

A big supporter of the city's real estate industry while speaker, Silver was criticized in 2013 for packing tax breaks for five major New York luxury developers into legislation regarding housing programs.

The Real Estate Board of New York and other industry organizations are fighting City Council legislation that would make it trickier to convert existing...

In one of three alleged schemes, prosecutors said that the two men solicited bribes from Charles Dorego, a real estate executive at Glenwood Management, who directed $ 20,000 check for title insurance work to the younger Skelos, at a time when the company was lobbying for housing and rent - related legislation that was crucial to its business.

Silver, accused of using his position to influence real estate legislation and state funding in exchange for millions of dollars in bribes and kickbacks, was convicted of corruption in November.

That the Governor who raised 33 million dollars from real - estate donors and corporate entities before the gubernatorial campaign even started may have allowed undue influence for these entities to lobby and pass legislation they desired as a result of their donations to the Cuomo campaign war chest.

At 6:30 p.m., activists participate in a discussion on the upcoming NYC Council speaker's race, the influence of money on elected officials and the impact on local communities of legislation and policies favorable to the real estate industry, LaGuardia Community College, 31 - 10 Thomson Ave., Room E242, Queens.

At trial, the government had accused the elder Skelos of strong - arming three companies with a stake in state legislation — a major real estate developer, an environmental technology company and a medical malpractice insurer — into giving his son about $ 300,000 through consulting work, a no - show job and a payment of $ 20,000.

The city's real estate stakeholders got a fresh dose of uncertainty on Wednesday following the four - member Independent Democratic Conference's announcement that it would end its alliance with state Senate Republicans, which has paved the way for pro-business legislation since 2012.

In fact, SILVER represented some of the largest real estate developers in the state, for whom favorable state legislation was critical to their business interests.

In the other, Silver tilted real estate legislation on rent - control and tax breaks toward two major developers — one of them Glenwood Management of New Hyde Park — which took tax cases to a longtime Silver friend who secretly shared fees with the speaker.

The proposal closely mirrored the legislation signed in June 2015, with the addition of modifications agreed to by the Real Estate Board of New York and the Building and Construction Trades Council in November 2016.

In exchange, Dean Skelos, who has represented Long Island since 1984, voted for legislation favorable to the real estate company and facilitated the approval of a $ 12 million contract with Nassau County for the environmental firm.

«The fight is over this real estate program, but really it comes to something deeper, which is that the forever - fraught relationship between de Blasio and Cuomo — and indeed the fraught relationship between any mayor of New York City and any governor of New York really is at a low point with just nine days left in Albany's legislation session and with several items on the mayor's agenda sitting in Albany's lap,» Jimmy Vielkind, who covers the state government for Capital New York, told WCBS 880.

The indictment accused Silver of allowing one of those developers to push successfully for provisions in Albany real estate legislation that benefitted them.

At trial, prosecutors presented evidence that the elder Mr. Skelos, 68, used his position as majority leader to pressure a real estate developer, an environmental technology company and a medical malpractice insurer — firms that depended on his support as senator for legislation that benefited their interests — to provide Adam Skelos with consulting work, a direct payment of $ 20,000 and a job that required him to do virtually no work.

Assembly Speaker Sheldon Silver, one of the most powerful men in New York politics over the last two decades, was arrested Thursday on federal corruption charges alleging he steered real estate legislation and funneled state medical research funds in return for $ 4 million in illegal kickbacks.

When the program was set to expire at the end of last year's legislation session, Gov. Andrew Cuomo extended it to January and challenged real estate developers and construction labor unions to negotiate a new deal.

This legislation comes at the same time as the news of Federal Deposit Insurance Corp's massive real estate sales so far this year — the most since 1996, according to the group's Web site.

The land use committee voted in favor of the legislation today, in spite of opposition from City Planning and from the Real Estate Board of New York.

Real estate trade group says legislation «denies basic American principle of innocent until proven guilty»

Real estate lawyer Adam Leitman Bailey, who represents both landlords and tenants, said that the Times article «only validates and confirms the massive amount of power REBNY yields in influencing legislation.»

Evidence and testimony showed how some lawmakers can wield their considerable power to extort benefits for themselves or others; how the weak enforcement of lax financial disclosure requirements gives legislators ample opportunity to mask illegal payments as outside income; how moneyed real estate interests spend millions of dollars in campaign contributions to influence legislation; and how power is concentrated in the hands of the so - called three men in a room: the legislative leaders and the governor.

The Democrat announced legislation Monday that would provide more transparency in the world of state politics and real estate, the Associated Press reported.

After the last major overhaul of the tax code, in 1986 — under a Republican president, Ronald Reagan, a Republican Senate and a Democratic House — it was a Democrat, Bill Clinton, who signed legislation that restored lost real estate tax breaks seven years later.

Sen. Vincent Fort called the legislation a «blatant corruption of power» that «trotted out» school children as «pawns to pad the pockets of for - profit management companies and real estate deals» supported by a «Herculean» lobbying effort that, Fort told the Senate, was «drenched in money mongering.»

Ontario on Wednesday passed new legislation with the goal of protecting consumers when it comes to door - to - door sales pitches, debt settlement services, real estate transactions, and real estate fees and commissions.

The new legislation allows real estate professionals to charge a fee, a commission, or a combination of both for the services they offer.

Provincial Finance Minister Mike de Jong says he unveiled the tax as part of legislation aimed at addressing low vacancy rates and high real estate prices in southern B.C.

On October 1st, 2015 new federal legislation went into effect that changed the loan disclosures that borrowers receive in real estate transactions and added specific procedures and waiting periods to the timeline of the closing process.

The legislation, a similar version of which passed in the last Congress, would give favorable regulatory treatment to certain loans even if real estate - related fees were paid to an affiliate of the lender.

There may also be real estate, tax, trust law, criminal, or business considerations that require knowledge of other pieces of federal and / or provincial legislation.

(As noted in the original article, Manitoba does not have general purpose «functional equivalent of writing» legislation in effect, for real estate or other kinds of document.)

The possibility of financial success and a great return on investment are not typically elements of a solicitor's opinion, but when legislation directly affects the value and cash flow of a property, it is risky for the real estate bar to blithely assume that the impact of the statutory regime is beyond the scope of the purchase or mortgage retainer.

They include: (1) regulatory law and enforcement work, because industries from banking to private equity funds to large oil companies will likely be targets of the new administration, while health insurance companies will be subject to heightened regulation; (2) litigation, because a Democratic administration will probably push back tort reform measures, giving rise to more lawsuits; (3) «green» law, i.e., representing companies that deal in green technology, whose growth will be stimulated by likely tax incentives as well as a cap and trade system; and (4) real estate, because the bailout legislation will most likely require banks availing themselves of the benefits to begin issuing mortgages again.

Environmental laws, animal safety, real estate and property issues, food safety and fracking are all issues that Texas farmers and ranchers have to contend with, and this blog does a great job of analyzing how recent court decisions or state legislation can affect them.

Hewitsons» Real Estate Team are pleased to present a series of practical updates on recent legislation and case law affecting the commercial property market.

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Bankruptcy legislation President George W. Bush signed in April contains NAR - backed provisions that improve the position of landlords and owners» real estate assets when tenants or owners file for bankruptcy.

ATLANTA — The governor has signed legislation that will protect commercial real estate brokers from losing commissions paid over the term of a tenant's lease.

In September, the association publicly recognized Sen. Kevin Ranker as the organization's 2011 REALTOR ® Legislative Champion for his role as the prime sponsor of legislation that rejected a federal department of revenue interpretation of tax statutes requiring offices to pay business and occupation tax on other real estate offices» commission amounts; it meant taxing a portion of real estate commissions twice.