Stuart M Saft

June 19, 2023 | New York Law Journal

Recently, there have been numerous stories describing the need to convert office buildings to residential use in order to absorb excess office capacity and create needed homes for current and future New Yorkers.

By Stuart M. Saft

8 minute read

June 22, 2018 | New York Law Journal

The Tax Cuts and Jobs Act of 2017 provides tax incentives for an investment in a qualified “Opportunity Zone,” the goal of which is to facilitate development in targeted low-income, economically distressed communities by encouraging investments used to start businesses, develop abandoned properties or provide low-income housing in the Opportunity Zone.

By Stuart M. Saft

1 minute read

July 13, 2016 | New York Law Journal

Stuart M. Saft writes: As we approach the fourth anniversary of the demise of Dewey & LeBoeuf, where I was a partner, I am reflecting on the lessons I learned from what happened after its collapse. My experience has made me realize that the profession must change how it deals with a bankrupt law firm in order to better protect the firm's clients.

By Stuart M. Saft

21 minute read

June 27, 2016 | New York Law Journal

Stuart M. Saft of Holland & Knight discusses Cooperative Policy Statement #12, which provides an exemption from the regulatory requirements governing offerings of cooperative interests in realty and is a seemingly significant departure from the NYAG's long-standing policy relating to real estate offerings, in general, and out-of-state offerings, in particular.

By Stuart M. Saft

27 minute read

June 30, 2014 | New York Law Journal

Stuart M. Saft, a partner at Holland & Knight, addresses various facets of condominium formation in light of the explosion of condominiums being formed in New York.

By Stuart M. Saft

15 minute read

March 11, 2013 | New York Law Journal

Holland & Knight partner Stuart M. Saft discusses major issues to consider in developing and operating condominium hotels because of the complex relationships and potential conflicts arising from competing interests in the various components of the condominium as well as finding a mechanism to share the cost of providing the amenities and services.

By Stuart M. Saft

15 minute read

March 14, 2011 | New York Law Journal

Stuart M. Saft, a partner with Dewey & LeBoeuf, writes: Most of the large deals that collapsed in the last three years had a debt stack that included mezzanine loans, and, unlike the holders of the senior debt on the same property, the holder of the mezzanine debt either had to buy out the senior debt to protect its position or lose its entire investment. Nevertheless, mezzanine financing is an inventive solution to a financing quandary, that should continue to be an essential component of real estate finance.

By Stuart M. Saft

13 minute read

October 02, 2008 | New York Law Journal

Stuart M. Saft, a partner at Dewey & LeBoeuf, writes that daily news reports on the softening of the residential real estate market keep flowing as properties throughout the country, sit partially built and unsold. The subprime mortgage collapse further exacerbated the situation, causing the collateralized debt obligations market to disappear and a further instability in commercial mortgage-backed securities to occur. All of these factors have led to a "perfect storm" scenario, where mortgage loans have defaulted, leaving real estate workouts the only option for many real estate professionals to pursue.

By Stuart M. Saft

12 minute read

August 25, 2008 | New York Law Journal

Stuart M. Saft, a partner with Dewey & LeBoeuf, writes that Congress has provided the owners of real estate with the ability to donate the façade of a building that has historical significance; this results in the owner retaining ownership of the property and getting what could be a sizeable tax deduction. Although that sounds very attractive, it is not a simple process and there may be adverse consequences for the property owner.

By Stuart M. Saft

12 minute read