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  • Article

    Breaking Down NYC’s Pied-À-Terre-Tax

    Jordan Metzger, a real estate attorney, provides expert analysis on New York City's Pied-À-Terre Tax, explaining how this levy on high-value residential properties affects owners who don't use them as primary residences. The discussion covers the tax's far-reaching implications for property owners, prospective buyers, and co-op boards across the city.
    United StatesReal Estate and Construction
    Cole, Schotz, Meisel, Forman & Leonard
    Cole, Schotz, Meisel, Forman & Leonard
  • Article

    The Clock Runs Out On NJDEP Proposal To Require Pre-Closing Reporting Of Phase II Sampling Results

    New Jersey's commercial real estate community can continue business as usual after NJDEP's controversial proposed rule requiring Phase II environmental sampling disclosure before property...
    United StatesEnvironment
    Cole, Schotz, Meisel, Forman & Leonard
    Cole, Schotz, Meisel, Forman & Leonard
  • Article

    Ready Or Not: New Jersey’s Construction Code Just Changed

    New Jersey has officially adopted the Uniform Construction Code 2024, introducing significant updates to building, mechanical, electrical, plumbing, and energy standards that will impact construction projects across the state. The new requirements bring enhanced permitting processes, expanded inspection oversight, and stricter energy conservation standards that construction companies and project owners must navigate.
    United StatesReal Estate and Construction
    Cole, Schotz, Meisel, Forman & Leonard
    Cole, Schotz, Meisel, Forman & Leonard
  • Article

    Flatiron Firm Scores $55M For New Greenwich Village Development

    A Greenwich Village real estate developer has secured $55 million in financing from G4 Capital Partners to fund the demolition of two adjacent residential buildings and construct a new 56,000-square-foot development. The pre-development loan will support AG Paratus's plans to raze the existing structures at 111-113 E. 12th Street and replace them with a significantly larger project, though the specific use of the new development remains undetermined.
    United StatesReal Estate and Construction
    Cole, Schotz, Meisel, Forman & Leonard
    Cole, Schotz, Meisel, Forman & Leonard
  • Article

    Debts After Death: What New Jersey Executors And Administrators Should Know About Creditor Claims

    New Jersey law establishes a detailed framework governing creditor claims against estates, outlining specific timeframes and procedures that creditors, personal representatives, and beneficiaries must follow.
    United StatesFamily and Matrimonial
    Cole, Schotz, Meisel, Forman & Leonard
    Cole, Schotz, Meisel, Forman & Leonard
  • Article

    Farewell For Now And Kinda Forever: FinCEN Permanently Ends Beneficial Ownership Reporting Requirements For U.S. Companies And U.S. Persons

    The U.S. Department of the Treasury's Financial Crimes Enforcement Network has issued a final rule permanently eliminating beneficial ownership information reporting requirements...
    United StatesGovernment, Public Sector
    Cole, Schotz, Meisel, Forman & Leonard
    Cole, Schotz, Meisel, Forman & Leonard
  • Article

    Putting A Price On Summer Camp: Inside Simad’s $448M Bankruptcy Auction

    Cole Schotz attorney Michael Sirota received an urgent early-morning call to file nearly 200 bankruptcy cases within 24 hours after the Shabseles brothers' real estate empire and summer camp network unexpectedly collapsed. With 20,000 children about to board buses for summer camp, the legal team faced the challenge of restructuring a complex web of entities while ensuring the camps could open on schedule.
    United StatesInsolvency/Bankruptcy/Re-Structuring
    Cole, Schotz, Meisel, Forman & Leonard
    Cole, Schotz, Meisel, Forman & Leonard
  • Article

    The 2026 World Cup Has Arrived. Here Are 3 Things HR Should Do To Prepare

    As the 2026 FIFA World Cup approaches with matches spanning U.S. cities from coast to coast, employers face unprecedented workplace challenges from massive fan influxes and transportation disruptions.
    United StatesLaw Practice Management
    Cole, Schotz, Meisel, Forman & Leonard
    Cole, Schotz, Meisel, Forman & Leonard
  • Article

    Over $166 Billion In Tariff Refunds — Is Your Business Leaving Money On The Table?

    The U.S. Supreme Court ruled that tariffs collected under the International Emergency Economic Powers Act were illegal, resulting in an estimated $166 billion owed to over 330,000 importers. With refunds being processed in phases and the government appealing the decision, businesses face a complicated claims process and a rapidly closing window to recover potentially significant amounts. The filing system is unforgiving, with nearly 40% of early submissions failing, making immediate action critical for impo
    WorldwideInternational Law
    Cole, Schotz, Meisel, Forman & Leonard
    Cole, Schotz, Meisel, Forman & Leonard
  • Article

    New Jersey Cannabis Law Just Got Teeth: Employees Can Now Sue

    CREAMMA provides anti-discrimination protections for employees who use cannabis recreationally and imposes strenuous requirements on New Jersey employers who conduct drug testing for the presence of cannabis...
    United StatesEmployment and HR
    Cole, Schotz, Meisel, Forman & Leonard
    Cole, Schotz, Meisel, Forman & Leonard
  • Article

    The New “ABCs”: NJDOL Adopts New Rules On Worker Classification

    The New Jersey Department of Labor and Workforce Development has adopted new regulations clarifying the ABC test for determining independent contractor versus employee status...
    United StatesEmployment and HR
    Cole, Schotz, Meisel, Forman & Leonard
    Cole, Schotz, Meisel, Forman & Leonard
  • Article

    The New Jersey Supreme Court Modifies the Long-Standing Test for Inherently Beneficial Use Variances

    The New Jersey Supreme Court has fundamentally altered the framework for evaluating use variance applications involving inherently beneficial uses such as hospitals, schools, and senior living facilities. This landmark decision requires zoning boards to conduct a more rigorous analysis of whether proposed developments substantially impair municipal zoning plans before proceeding with traditional balancing tests. The ruling represents the most significant revision to the state's use variance doctrine in over
    United StatesReal Estate and Construction
    Cole, Schotz, Meisel, Forman & Leonard
    Cole, Schotz, Meisel, Forman & Leonard
  • Article

    Delaware Court Reinforces The Basic Premise: Expert Patent Damages Testimony Should Be Grounded In The Actual Facts Of The Case

    Recent Delaware district court decisions demonstrate heightened judicial scrutiny of patent damages expert opinions, requiring concrete factual support for both non-infringing alternatives...
    United StatesIntellectual Property
    Cole, Schotz, Meisel, Forman & Leonard
    Cole, Schotz, Meisel, Forman & Leonard
  • Article

    Proposed Reforms Could Mean Big Housing Boom For Small Lots In NYC

    The New York City Council has unveiled proposed reforms to the City's Construction Codes aimed at unlocking development potential on thousands of small, underutilized lots across all five boroughs. These targeted changes could enable the creation of up to 35,000 new housing units on nearly 3,000 small lots without requiring burdensome zoning changes, addressing the city's housing crisis through technical code modifications rather than wholesale rezoning efforts.
    United StatesReal Estate and Construction
    Cole, Schotz, Meisel, Forman & Leonard
    Cole, Schotz, Meisel, Forman & Leonard
  • Article

    Why Your Digital Assets Belong In Your Estate Plan

    Estate planning has evolved beyond traditional assets like real estate and brokerage accounts to encompass a new frontier: digital assets including cryptocurrency wallets, NFT collections, and social media accounts. Without proper planning, these valuable online holdings may become permanently inaccessible or subject to costly litigation, leaving fiduciaries struggling to navigate complex legal frameworks that govern access but not ownership.
    United StatesFamily and Matrimonial
    Cole, Schotz, Meisel, Forman & Leonard
    Cole, Schotz, Meisel, Forman & Leonard
  • Article

    Employers Are Grappling With Their Cannabis Policies

    As cannabis use surges across America and state laws evolve, employers face critical decisions about workplace drug policies. With traditional zero-tolerance approaches becoming legally problematic and cannabis remaining detectable long after impairment fades, companies must navigate complex employment protections while maintaining workplace safety.
    United StatesEmployment and HR
    Cole, Schotz, Meisel, Forman & Leonard
    Cole, Schotz, Meisel, Forman & Leonard
  • Article

    Key Legal Updates For New York Employers

    Federal, state, and local laws governing the employer-employee relationship are constantly evolving.
    United StatesEmployment and HR
    Cole, Schotz, Meisel, Forman & Leonard
    Cole, Schotz, Meisel, Forman & Leonard
  • Article

    The Risks Of Using Artificial Intelligence To Draft Wills And Testamentary Devices In New Jersey And New York

    As artificial intelligence tools become increasingly accessible for drafting legal documents, individuals are turning to AI to create wills without attorney supervision. While these AI-generated documents may appear professionally crafted, they harbor serious legal defects that often surface only after death, when correction is impossible. This analysis examines the critical risks of AI-drafted wills, including execution formalities that AI cannot supervise, failures to capture testamentary intent, and the
    United StatesCorporate/Commercial Law
    Cole, Schotz, Meisel, Forman & Leonard
    Cole, Schotz, Meisel, Forman & Leonard
  • Article

    The New Price Of Luxury: What New York City’s Pied-à-terre Tax Means To Part-Time Residents

    New York City's newly enacted pied-à-terre tax introduces significant compliance obligations for owners of high-value non-primary residences and cooperative boards beginning July 2026. The tax applies to properties valued at $5 million or more for single-family homes and $1 million or more for co-ops and condos, with rates varying based on property type and assessed value.
    United StatesTax
    Cole, Schotz, Meisel, Forman & Leonard
    Cole, Schotz, Meisel, Forman & Leonard
  • Article

    Debt Derailment

    Brightline's ambitious expansion to Orlando promised a new era of transportation, but nearly three years later, the intercity rail service faces mounting financial pressures as ridership falls short...
    United StatesInsolvency/Bankruptcy/Re-Structuring
    Cole, Schotz, Meisel, Forman & Leonard
    Cole, Schotz, Meisel, Forman & Leonard

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