The Chester County Commercial Industrial Investment (CII) Council featured Edward J. Hollin, a shareholder at Riley Riper Hollin & Colagreco, as a panelist in an educational briefing, “Contracts and Booby Traps: How to Avoid Legal Issues in CRE Brokerage.” Over 60 professionals from commercial real estate gathered to attend the event on May 17 at the Chester County Economic Development Council. Continue reading “CII Council Features Edward Hollin in Educational Briefing”
Ed Hollin, a shareholder at Riley Riper Hollin & Colagreco, was recognized for his role representing The Hankin Group in negotiating a transaction which was recognized as the “most significant flex lease” in Chester County at the Chester County Commercial Industrial Investment (CII) Council’s Annual Meeting & Luncheon on April 20. Continue reading “Ed Hollin Recognized with “Most Significant Flex Lease” Award in Chester County”
As Chairman of the Southern Chester County Chamber of Commerce, John Jaros presented the 2016 Outstanding Citizen of the Year Award to Leon R. Spencer, Jr. at the organization’s 50th Annual Gala on March 24 at Longwood Gardens.
“Leon Spencer is a gentleman, a community volunteer and a class act as well,” said Jaros. “I couldn’t think of a better recipient of the award this year than Leon. His acceptance speech was moving.” Continue reading “SCCCC Chairman John Jaros Presents Citizen of the Year Award to Leon Spencer”
Matthew G. Hauber joined Riley Riper Hollin & Colagreco in March. Named a 2016 “Pennsylvania Rising Star” by Super Lawyers, Matt concentrates his practice on a broad range of real estate and business law matters. Continue reading “Matthew Hauber Joins Riley Riper Hollin & Colagreco Team”
The Pennsylvania Supreme Court heard arguments this morning on whether the law which permits school districts to appeal assessments allows school districts to appeal only higher value commercial properties.
The Upper Merion School District argued that there is no violation of the Uniformity Clause where the School District evaluates the properties within its district and pursues appeals where it makes economic sense to do so. Property owners argued that this practice unfairly targets only commercial properties, to the exclusion of underassessed residential properties, in violation of the Uniformity Clause. The Uniformity Clause of the Pennsylvania Constitution provides that all taxes shall be uniform, and has been interpreted to require equal treatment of commercial and residential properties. Continue reading “Can a School District Choose to Only Appeal the Assessments on Commercial Properties?”
The Treasury Department has issued new proposed regulations that, if adopted as proposed, will effectively eliminate a common estate planning tool used to transfer wealth among family members. Under the current rules, transfers of minority interests of closely held business interests can be valued utilizing various discounts which results in greater tax savings. The new proposed regulations would no longer allow discounting when making family transfers. Continue reading “Proposed IRS Regulations May Eliminate Discounting of Family Wealth Transfers”
What Employers Need to Know.
Earlier this week, the United States Department of Labor issued a Final Rule which increases the number of potential salaried employees who may be entitled to overtime pay. Continue reading “U.S. Department Of Labor Changes Overtime Rules For Millions Of Employees”
Over the past several years the development community has had a sense of security with respect to the expiration of development permits and approvals as a result of the Pennsylvania Development Permit Extension Act (“Act”). While the Act effectively extended municipal land use approvals during the Great Recession, the time frames for reliance on the Act are beginning to come to a close. The “Extension Period” under the Act expires on July 2, 2016. Continue reading “Development Permit Extension Act Expiration”
Over the past several years there has been a sense of security in the development community relating to the expiration of development permits and approvals resulting from the enactment of the Development Permit Extension Act (“Act”). The Act effectively extended municipal land use approvals during the Great Recession, which started in 2007. The Extension Period under the Act expires on July 2, 2016. One critical question under the Act had been how to calculate the “Extension Period.” Several municipalities have taken the position that all permits and approvals covered by the Act will expire on July 2, 2016. Continue reading “Development Permit Extensions Clarified”
WEST CHESTER >> Most landlord-tenant disputes get resolved in your local District Court, with, at most, a few thousand dollars exchanging hands. Not so the case of Newman Development Group of Pottstown v. Genuardi’s Family Markets.
Last week, the state Supreme Court denied the request of the defendants — the Genurardi and Safeway supermarket chains — to hear their appeal of a lower court’s ruling that would have shrunk the size of the $18.5 million verdict handed down by a Chester County Common Pleas Court judge five years ago. Continue reading “Pennsylvania Supreme Court Upholds $18.5 Million Verdict For Newman Development Group”