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As a follow up to my colleague Allan Caggiano’s post here on the new 2016 ALTA/NSPS Land Title Survey Standards, the Planning & Zoning Resource Company (PZR) has recently circulated an important advisory on the practical effects of the new survey standards and the interaction between the surveyor and the zoning report that is typically provided by a third party like PZR.

The Life Sciences Lease: A Marathon, Not a Sprint

February 24, 2016 | Blog | By Dawn Saunders

Leases often form the start of a long term relationship between a landlord and tenant. This dynamic is much more critical in the life sciences context, and the process of lease negotiation and implementation requires integration and cooperation between the landlord and tenant teams. The lease creates a roadmap for what can be a very long tenancy, and needs to be carefully thought through and negotiated.
Beginning on February 16 of this year, the rate of tax withholding required by the Foreign Investment in Real Property Tax Act (FIRPTA) will increase from 10% to 15%.  FIRPTA imposes federal tax on the sale of an interest in real property located in the United States by a foreign seller.
Mintz Levin was a sponsor of IMN's 13th Annual Winter Forum on Real Estate Opportunity & Private Fund Investing held at the Montage resort in Laguna Beach.  The IMN conference is the premier West Coast conference on real estate investing and is attended by the most influential voices in the real estate industry.

2016 ALTA/NSPS (formerly ALTA/ACSM) Land Title Survey Standards

February 10, 2016 | Blog | By Allan Caggiano

On February 23, 2016, the 2016 Minimum Standard Detail Requirements for ALTA/NSPS Land Title Surveys will become effective (superseding the 2011 ALTA/ACSM standards).

Sophisticated Email Scams Targeting the Real Estate Industry

January 28, 2016 | Blog | By Allan Caggiano

A sophisticated (and effective) wire-fraud scam targeting real estate (and other) transactions is on the rise, and mostly occurring in the United States.

Spending and Tax Deals Brings ITC and PTC Extensions

December 17, 2015 | Blog | By Dawn Saunders

Earlier today our colleagues in the Energy Technology practice posted an article regarding this morning's congressional agreement on a year-end spending and massive tax deal that will bring 5-year extensions to both the Investment Tax Credit and Production Tax Credit.

Financeable Retail Leases: A Guide to the Perplexed

November 30, 2015 | Blog | By Allan Caggiano

Our colleague Steve Friedberg recently spoke at the ICSC Shopping Center Law Conference in Phoenix, Arizona on the topic of “Financeable Retail Leases: A Guide to the Perplexed”.
Our colleague, Steve Friedberg will be speaking tomorrow during a seminar at this year's US Shopping Center Law Conference put on by the International Council of Shopping Centers (ICSC).

NYC Transportation Infrastructure Needs Innovation (Law 360)

October 2, 2015 | Blog | By Dawn Saunders

Our colleague Jeff Moerdler was recently quoted in Law 360's article, "NYC Transportation Infrastructure Needs Innovation: Panel" after speaking on transportation infrastructure issues at the EisnerAmper's Real Estate Private Equity Summit this past Wednesday.

Proposed Prop 13 Reforms in California

July 28, 2015 | Blog | By Dawn Saunders

Since February 2015, California state legislators have proposed several bills to modify the limitations on property tax increases established by Proposition 13 (Prop. 13).
We are seeing more and more of our clients branching out into international markets. My partner, Dawn Saunders, wrote an interesting article about navigating international leasing transactions and the importance of having experienced international leasing counsel review these transactions.
Brandon Barker of our Los Angeles office has been keeping up to date on the latest developments surrounding AB1103 and California's new disclosure requirements relating to energy performance.
The California legislature has passed new laws giving residential and commercial tenants rights to install electric vehicle (EV) charging stations, and which direct cities and counties to streamline permitting for residential solar projects.  Gabe Schnitzler and Brandon Barker, who are active in our Green Building and Energy Technology Practice Group summarize the new laws in a client alert.
Effective January 1, 2015, purchasers of property in California will no longer be able to hide the amount of transfer tax paid in connection with the acquisition of a new property.
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