Archive
The rise of the anonymous LLC
For more than four years, nobody knew who bought the only $100 million apartment in Manhattan. Real estate agents and architects who worked with the buyer were all sworn to secrecy, according to the...
LLCs
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Regulators quietly change stance on condos in LLC law
A state law prohibiting anonymous property ownership through LLCs has been quietly altered after pushback from the industry. The...
Archive
Special Report: Inside the title insurance cartel
This story, from our archives, was first published in March 2016. TRD Special Report: On December 10, 2013, regulators...
The Real Deal’s April issue is now available to all subscribers
The Real Deal’s April issue is now live, and digital subscribers to TRD are getting the first look at...
National
New Russia sanctions bill targets LLCs in real estate, again
The “sanctions bill from hell” is back from the dead. Republican Senator Lindsey Graham (SC) and Democratic Senator Bob...
Buyers using an LLC might get a tax break — if they can prove safety concerns
New Yorkers who buy property under an LLC for security reasons might be eligible for a tax break. The...
This congresswoman is working on a bill to target LLCs in real estate
A new bill may go after LLCs in real estate. Congresswoman Carolyn Maloney said she’s hoping to introduce a...
Democrats have said they support closing the LLC loophole for years. Will they actually do it?
With Democrats now fully in control of New York’s state government, their constituents should soon find out whether all of those promises to close...
Archive
Meet the little Williamsburg building that’s home to over 1,000 LLCs
At first glance it seems like one nondescript building among scores in South Williamsburg, a three-story brown-brick property housing...
The Real Deal’s September issue is now available to our subscribers
The Real Deal’s biggest issue of the year is live, and digital subscribers to TRD are getting the first...