New York real estate’s hottest stories of 2016
“Could I begin life again,” John Jacob Astor is said to have declared, “knowing what I now know,...
LLCs
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Uncle Sam wants to crack down on estate taxes
The Treasury Department and the Internal Revenue Service are seeking to crack down on tactics that allow the wealthy...
Chelsea condo developers may be liable for board’s claims
UPDATED, 6:00 p.m., April 25: The condominium board for the Modern 23 residential building in Chelsea received a boost in...
Bronx City Council member pushes “bad actors bill” again
Bronx City Council member James Vacca is once again pressing for the city to deny building permits if a...
US set to require banks to ID owners of shell companies: report
The federal government’s war against shell companies frequently used in real estate acquisitions is extending to the banks. New...
LLC buyers not missing a beat despite Treasury crackdown
In a town where buyers pay a premium for privacy, the U.S. Treasury’s plan to start tracing anonymous purchases...
Special Report: Inside the title insurance cartel
TRD Special Report: On December 10, 2013, regulators summoned the nation’s biggest title insurance firms to 1 State Street....
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...
Top real estate lawyers offer advice on moving shady money into US: report
Several top New York real estate lawyers – about a dozen in all – were caught on video providing...
There were more than 1,300 Manhattan apartments purchased anonymously last year
UPDATED: Jan. 28, 9:05 a.m.: The U.S. Treasury’s decision to track all-cash property purchases made through shell companies sent...