City Tax Appeals Tribunal determined transfer was not eligible for special reduced rate. One Park Avenue Mezz Partners LLC, a subsidiary of industry giant Vornado Realty Trust, held a 100 percent equity interest in a commercial building located at One Park Avenue in Manhattan. In March 2011, while looking to refinance the building, Vornado had that equity interest transferred in full to two new subsidiary real estate investment trusts. The compensation was roughly $5.6 million … <Read More>
Search Results for: City Council
Reflections on the 2018 Charter Revision Process
The 2018 New York City Charter Revision Commission, appointed by Mayor Bill de Blasio, recommended three proposals, all of which were approved by the voters in the November 2018 general election. The proposals related to campaign finance, civic engagement and community boards, and were largely a result of the Charter Revision Commission’s process that emphasized accessibility for all, including those who historically have not had their voices fully considered as part of the Charter revision … <Read More>
Public Health: Tobacco, Sugars, Trans Fats and Salt
In the twentieth century, primary causes of death and disability in America changed from communicable diseases to chronic diseases. This shift was in part due to the successes of public health as better sanitary conditions and immunizations reduced the burden of communicable diseases. The shift, however, was also due to changes in lifestyle and longer life expectancies that caused the rates of chronic diseases to increase.
Closing Rikers Island: A Catalyst for Criminal Justice Reform
Former New York State Chief Judge Jonathan Lippman, speaking at a CityLaw Breakfast on January 23, 2019, powerfully argued that the time has come to close Rikers Island, New York City’s notorious jail located on an island in the East River. Judge Lippman’s remarks echoed the 2017 recommendations of the Independent Commission on New York City Criminal Justice and Incarceration Reform which Judge Lippman chaired. Judge Lippman spoke at the breakfast in a question and … <Read More>
Herb Sturz: The Legal Aid Society And Criminal Justice
The Legal Aid Society’s Annual Gala brought more than 800 people to Cipriani’s on 42nd Street in Manhattan on May 10, 2018. At the end of the evening the Legal Aid Society bestowed its Servant of Justice Award on Richard Davis, the chair of the Legal Aid Society and a longtime member of its Board, and on Herb Sturz.
New Local Law Provides Alternative to Criminal Court
New York City changed the rules on the enforcement of low-level crimes when, on June 13, 2017, the Council-passed Criminal Justice Reform Act became effective. The new local law adds a new civil summons in lieu of issuing a criminal summons returnable in criminal court.