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LLC interest forfeiture is disfavored - by Thomas Kearns

Under New York law an LLC member’s interest may not be forfeited for a zero or near zero price if the member fails to make a required capital call. New York courts have repeatedly upheld this concept. Cases denying forfeiture include Atlantis v. Nabe ($1 buyout is a

REBNY announces new government affairs and communications department leads

Manhattan, NY According to The Real Estate Board of New York (REBNY), the City’s leading real estate trade association, two new leaders will lead its government affairs and communications departments. Aravella Simotas joins as senior vice president

New Release: 'Back Of The Napkin' by Philip A. Okun Offers Insights for Real Estate Success

Inspired by the Laffer curve drawn in 1974 to demonstrate the logic for tax cuts, this book takes the same approach to commercial real estate. Drawing on Okun’s 40+ years’ experience in all aspects

Rosewood Realty Group brokers Upper West Side multifamily property for $2.5 million

Manhattan, NY Rosewood Realty Group has completed the sale of an eight-unit multifamily property located at 313 West 92nd St. in the Upper West Side for $2.5 million

JRM Construction Management completes new flagship store for HOKA

Manhattan, NY JRM Construction Management has completed the new flagship store for HOKA, a leader in performance footwear. This innovative retail project, located in a shopping district, has been constructed in accordance with LEED standards, emphasizing sustainability

JRM Construction shines on "Military Makeover: Operation Career" airing on Lifetime TV

Manhattan, NY JRM announced their first-time collaboration with the acclaimed TV series, "Military Makeover: Operation Career," which airs on Lifetime TV and the American Forces Network. The episode is also available online at JRMCM.com

Downing of Largo Capital secures a $12 million construction loan

Orlando, FL Max Downing, originator at Largo Capital, Inc. secured a $12 million construction loan to finance the ground-up development of a 109-room Everhome SuitesTM, an extended

Town Title Agency sets date for ninth annual golf outing

Paramus, NJ Town Title Agency has set a date for the Ninth Annual Town Title Golf Outing, presented by the Town Title Foundation, scheduled for Monday, September 30, 2024. This event

Cohen closes 14-unit ground up construction

Ridgewood, NY According to Refined, Peter Cohen closed a 14-unit ground up condo construction loan. The transaction featured a 65% LTV, SOFR + 650

Rose Associates names two new managing directors

Manhattan, NY Rose Associates, Inc., the New York-based multifamily real estate developer and manager, has recently appointed two individuals to the role of managing director. Alex Chin