Debt & Equity
Cloud control keeps check fraud at bay among law firms
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Last year, businesses lost over $3 billion to check fraud, according to the Association of Certified Fraud Examiners. It’s a crime that can be especially
Deals & Dealmakers
KPMG inks 10-year deal to stay at RXR building
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KPMG LLP, the U.S. audit, tax and advisory firm, and CBRE Group Inc. today announced a 10-year lease extension in RXR Realty’s property at 1305 Walt Whitman
Featured
50 landlords can’t collect rent because the law says so
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Tenants of at least 50 buildings in the trendiest neighborhoods of Manhattan, Brooklyn and Queens have lived rent-free for years and their landlords can’t
Debt & Equity
Accounting for property lease incentives
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By James M. Sausmer, CPA, partner, WeiserMazars LLP Lease incentives are negotiated into many commercial property leases as an incentive for the tenant
Featured
Spinola welcomes terrorism risk insurance extension
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REBNY President Steve Spinola welcomed the U.S. Senate’s decision to extend the Terrorism Risk Insurance Act. Steve Spinola “
Deals & Dealmakers
Report blasts Cuomo’s real estate donors for connections to ICE
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Where there’s smoke there isn’t always fire but, in this case, there’s definitely ICE. A Buffalo-based non-profit has dragged three prominent New York
Lawsuits
Former socialite Verina Hixon evicted, fined for not paying Upper East Side co-op fees
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A well-heeled Manhattanite and former friend of Ivana Trump has been pushed out of her Upper East Side co-op and forced to pay close to $700,000 in penalties
Deals & Dealmakers
Partners sue Eddie Shapiro over secret deal with lenders
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Nest Seekers founder Eddie Shapiro is being sued for allegedly making a back-room deal with lenders to get him out of millions in borrowed money used to
Construction & Design
Construction execs indicted for impersonating minority-owned businesses
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Two construction company executives allegedly stole millions of dollars in public works contracts by stealing the identity of two minority-owned businesses
Lawsuits
421a Builder pays back wages to workers
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Attorney General Letitia James, New York City Comptroller Scott Stringer, and 32BJ SEIU President Kyle Bragg yesterday distributed more than $400,000 in
Lawsuits
City yanks 421a benefit from 1,700 property owners
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More than 1,700 property owners who have not complied with the requirements of the 421a program have had the benefit yanked as part of a crackdown on rule-breakers.
Construction & Design
American Copper, Steinway Tower contractors charged with fraud
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Contractors hired to build Steinway Tower, the American Copper Building and several other high-profile Manhattan projects have been indicted for theft and fraud.