Adler & Stachenfeld LLP

Update on the One Big Beautiful Bill ("OBBB") passed into law on July 4, 2025

On July 4, 2025, the One, Big, Beautiful Bill ("OBBB"), a broad spending and tax bill, was signed into law. Our Tax Practice highlights several key areas that may be of interest to real estate investors and developers.

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Adler & Stachenfeld LLP

AHRA: Condo Conversions Are Back! But With a Catch.

A new law, the Affordable Housing Retention Act (“AHRA”), requires that only 15% of the units in a rental property being converted to condos need to be sold to either tenants or to non-tenant purchasers in non-eviction condo conversions.

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Chambers and Partners

A&S Managing Partner, Terri Adler, Ranked in the 2025 Chambers and Partners USA Guide

Terri is one of less than 30,000 lawyers ranked in the United States. The Chambers USA guide and legal rankings cover practice areas in all 50 states, Washington, DC and at nationwide level.

Chambers and Partners

Adler & Stachenfeld named in 2025 Chambers and Partners USA Guide

The Firm was recognized within the area of Real Estate: Mainly Corporate & Finance. Chambers and Partners is the leading independent professional legal research company operating across 200 jurisdictions.

Adler & Stachenfeld LLP

New Tax Proposals Affecting Real Estate | One, Big Beautiful Bill ("OBBB")

On May 14, 2025, the House Ways & Means Committee approved an initial version of tax proposals for inclusion in the One, Big, Beautiful Bill (the “OBBB”). Here are some of the most relevant provisions that could impact real estate businesses.

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Adler & Stachenfeld LLP

Adler & Stachenfeld Welcomes Six Attorneys from Seiden & Schein

Venerable real estate attorney Alvin Schein joins as partner, as well as Stacy Jacobson; Hillary Potashnick joins as senior counsel, and Efram Klipper, David Lu, and Scott Schreiber join as associates.

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City Living NY

Partner Risa Letowsky Appointed to the Board of City Living NY

City Living NY is an organization dedicated to empowering youth aging out of foster care with the resources and support needed to transition successfully into adulthood.

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