Thursday, March 17, 2011

AIR RIGHTS DEALS : BUYING, SELLING AND TRANSFERRING DEVELOPMENT RIGHTS IN NYC

Title: AIR RIGHTS DEALS : BUYING, SELLING AND TRANSFERRING DEVELOPMENT RIGHTS IN NYC

Date: May 19, 2011, 8:30am to 12:00pm

Location: Bank of America, 114 West 47th Street, 2nd Floor (US Trust Bldg)

Details: In New York City where the availability of land is limited often the only way to build is by acquiring development rights (a/k/a “air rights”). This class provides a comprehensive review and analysis of air rights including the history and development of the legal concept of air rights, the role of the NYC Zoning Resolution in air rights deals, how to determine if there are available air rights to acquire, the nuts and bolts of an acquisition of air rights, the documents necessary to memorialize an air rights deal, and the title company’s role in an air rights transaction.

Instructor: Caroline Harris, Esq., GoldmanHarris LLC

CLE Credit: 3 Areas of Professional Practice Credits

Sponsor: Berdon LLP, Legal 1031, and Real Estate Tax Strategies Inc.

To Register: http://marcisrael.com/launch/register-now/?event=129