When multiple people inherit an interest in real property, each is responsible for their share of the ad valorem taxes of the property. What happens if one party fails to meet its tax obligations? What recourse is available to a party that pays more than its share of the tax obligations? In Texas, a co-owner … Continue Reading
In an exclusive two-part interview with commercial real estate website GlobeSt.com, Joseph Marger of Reed Smith’s New York office offers his views on sale-leasebacks and the opportunities they represent to free substantial real estate value for companies. Part One of the Interview is concerned with the state of the sale-leaseback market. Part Two addresses when … Continue Reading
What’s happening in the medical office building market in 2014? Data supplied by Real Capital Analytics Inc reveal a slight downturn in early 2014 for sales of medical office properties. That is somewhat surprising considering the very strong 4th Quarter 2013 results for this market segment. Nationally, we have seen a number of notable sales … Continue Reading
Conveying oil and gas interests in Pennsylvania raises the question as to whether the document conveying the interest is subject to realty transfer tax and, if so, how the value of the interest determined and the tax calculated. Oil and gas transactions create a variety of interests in property. An oil and gas lease creates … Continue Reading
