Electric vehicle maker Waev Inc. on Wednesday sued the US Department of the Treasury and the IRS for creating a final rule that excluded the company’s low-speed GEM line of electric cars from the Inflation Reduction Act’s EV tax credit program.
Month: July 2024
Washington Justices To Tackle CARES Act Eviction Split Real Estate Authority
Washington’s Supreme Court has agreed to review whether the CARES Act eviction notice only applies to tenants who are late on rent, and not to violent tenants targeted by landlords for quick removal.
Distressed Investors See ‘Exceptional Bargains’ In Troubled US Commercial Real Estate Sector – American Tower (NYSE:AMT), iShares Cohen & Steers REIT ETF (BATS:ICF)
Distressed investors are targeting US commercial real estate deals as a result of plummeting office values due to the pandemic. Private equity firms have earmarked 64% of funds for this sector.
Real estate agent weighs in on Manawa flooding property damage
The city of Manawa continues to clean up after a massive flood and what was once a pond is now almost dried up, leaving many homeowners around it concerned about their property values.
A&E Television Can Take Business Tax Deduction, NYC Court Says
A&E Television Networks LLC is entitled to a New York City unincorporated business tax deduction for expenses that are also deductible under federal law, a city judge ruled.
Co. Wants ‘Duplicative’ $18.8M Theft Coverage Suit Tossed Real Estate Authority
A Georgia shopping center owner involved in coverage disputes with its insurer after suffering an $18.8 million theft and vandalism loss asked a Georgia federal court to dismiss or stay its insurer’s case until its own prior Texas state loss coverage action against the carrier is decided.
Keys To Strong Parking, Storage Contracts For NYC Buildings Real Estate Authority
Drafting and enforcing unambiguous parking and storage unit license agreements are essential tasks for co-op and condo boards in New York City, with recent cases highlighting how prudent terms can minimize potential headaches, says Matthew Eiben at Rosenberg & Estis.
Blue Island, Cook County Reel Under Property Tax Spike; Mayor and Residents Push Back Amid Hope for SALT Deduction Relief
Cook County residents face the largest property tax increase in 30 years, spurring local leaders to encourage appeals.
Federal Claims Tossed In Colo. Short-Term Rental Row Real Estate Authority
A Colorado federal judge partially dismissed and remanded a suit filed by a nonprofit representing vacation rental owners who claim that a resort town’s laws governing short-term rental licenses are overly restrictive.
Investors Put €4.1 Billion in French Commercial Real Estate in First Half
Transaction Volume Dropped Nearly 40% From Year-Earlier Levels