Orloff, Lowenbach, Stifelman & Siegel

Congratulations to OLSS shareholder Devin Cohen for his recent featured spotlight on The Real Estate Lawyers. Each year, The Real Estate Lawyers highlights just one real estate attorney per state through an independent nomination and research process. Devin's recognition highlights his exceptional insights into commercial real estate transactions, including sales, leasing, financing, and joint ventures. In past years, his experience advising clients on high-stakes real estate and business transactions has earned him recognition as an AV Preeminent-rated attorney and a Super Lawyers Rising Star. Please join us in congratulating Devin on this well-deserved honor. Learn more about Devin and his practice here 👉 https://bit.ly/3DeHoIP ***** The recognitions listed above are conferred by The Real Estate Lawyers, Martindale-Hubbell, and Super Lawyers, respectively. A description of the selection methodology can be found at: ▶️ https://lnkd.in/ei2Pa8Pv ▶️ https://lnkd.in/gVZiD5jx ▶️ https://lnkd.in/gs_mFViY No aspect of this advertisement has been approved by the Supreme Court of New Jersey.

With the end of the year fast approaching, a new ruling from a federal court in Texas has shaken up corporate compliance. The court has issued a nationwide preliminary injunction that halts enforcement of the Corporate Transparency Act and declares the law "likely unconstitutional." This means that entities previously required to file Beneficial Ownership Information Reports (BOIRs), providing personally identifying information of their beneficial owners to FinCEN (the the U.S. Treasury’s financial crimes unit), many of which were due by January 1, 2025, aren’t obligated to comply with this deadline at this time. Key points for businesses include: ✔️ The injunction applies nationwide to all persons and entities covered by the CTA. A different court had issued an injunction against the law in March but made it applicable only to the plaintiffs in that case. ✔️ Businesses will not face penalties if they don’t file BOIRs while the injunction is in place. ✔️ The government has appealed and sought an immediate dissolution of the injunction from an appellate court, which has not yet acted. Thus the injunction could be lifted, possibly before January 1, 2025. ✔️ Businesses should continue gathering the necessary information and completing BOIRs but hold off on submitting them for now. ✔️️ The legal situation is evolving, and filing requirements could change unexpectedly. Businesses should be proactive about checking the status of the appeal. For more detail on this ruling, read our most recent article ▶️ https://bit.ly/4fsy5lY

OLSS shareholder Philip Corbo recently joined the The American College of Trust and Estate Counsel (ACTEC) Fellows for a podcast, “Guiding Trust and Estate Disputes to Settlement.” Along with David Blickenstaff, Margaret Sager, and host Toni Ann Kruse, Philip discussed the importance of: ☑️ Setting realistic, transparent expectations early in trust and estate disputes ☑️ Ensuring full participation from all necessary parties ☑️ Staying vigilant about the potential estate, gift, income, and generation-skipping transfer tax implications ☑️ Carefully using virtual representation in resolving disputes ☑️ Avoiding enforceability issues by making sure parties are aware of their right to independent counsel Trust and estate disputes can be emotionally charged and carry a great deal of complexity. Yet when you have a clear plan of action, it’s possible to come to a fair resolution. 🎧 Listen to the podcast for strategic tips and advice on helping clients achieve a fair settlement: https://bit.ly/413Fk0p

📍 Casselberry, FL | 120,098 sq. ft. | $13M Purchase Price On October 16, 2024, the OLSS Real Estate Group closed a series of high-impact transactions for RD Management LLC that will help transform the Casselberry Exchange shopping center in suburban Orlando. 🤝 Deal details: Through a strategic sale and development agreement, OLSS helped purchase this 17-acre site from Apollo Global Real Estate while securing BJ’s Wholesale Club as the anchor tenant and purchaser of a portion of the site. The OLSS team, led by Adam Haberfield and supported by William Adelson and Kevin Fenstemaker, also negotiated key ancillary agreements, including a cross-easement and operation agreement allowing the site's co-use by RD Management and BJ’s. This reconfiguration will bring fresh energy to the property, attracting visitors and encouraging local economic growth. It's a testament to how OLSS delivers thoughtful, client-focused solutions that make a lasting impact on the community.

At OLSS, we firmly believe in the importance of community, especially during this season of gratitude. That’s why we partner with the Interfaith Food Pantry Network each year to help provide fresh and canned goods to families facing food insecurity. This year, OLSS donated 128 pounds of food to the Interfaith Food Pantry. Contributions like these can make all the difference when low- and middle-income households have to consider whether to pay the bills or put food on the table. By coming together, we hope to make a positive impact and bring extra comfort to those who need it most this Thanksgiving and beyond. If you feel inspired as we approach the season of giving, you can learn more about the Interfaith Food Pantry and the important work it does in our community: https://bit.ly/494uglx

Shareholders Marc Singer and David Gorvitz recently represented OLSS at the The Washington Institute For Near East Policy’s gala at the iconic Plaza Hotel in NYC. The evening featured Israel’s President Isaac Herzog receiving the Scholar-Statesman Award, which honors global leaders advancing peace and security in the Middle East. Past honorees include President Bill Clinton, Prime Minister Tony Blair, and UAE President Mohamed bin Zayed. Our long-standing support for the Washington Institute reflects the firm’s commitment to promoting peace and democratic principles in the Middle East.

Alexander Imel, an associate attorney in our litigation and dispute resolution group, has always been the kind of professional who goes the extra mile at the office for his clients and teammates. He’s also the type to go the extra mile outside of the office. More specifically, 13.1 extra miles. Alec recently completed the Harding Halloween Half-Marathon. He didn’t just do it for the race t-shirt, though—he participated to raise money for Team World Vision’s clean water initiative. World Vision is one of the largest non-governmental organizational providers of clean water worldwide, committed to empowering communities with clean water supplies and the knowledge to maintain them. Well done, Alec!

We are honored to announce that OLSS has been recognized in the 2025 Best Law Firms in America report by Best Lawyers™ in the Metropolitan Tier 1 - New Jersey category. We received recognition in key practice areas, including: 🏆 Bet-the-Company Litigation 🏆 Commercial Litigation 🏆 Corporate Law 🏆 Litigation - Trusts and Estates 🏆 Real Estate Law 🏆 Tax Law 🏆 Trusts and Estates This recognition underscores our team's commitment to delivering strategy and results-driven counsel to our clients across complex legal matters. We are deeply grateful to our clients, colleagues, and the legal community for their ongoing trust and partnership. **** No aspect of this advertisement has been approved by the Supreme Court of New Jersey. A description of the selection process methodology for the awards referenced is available at BestLawyers.com.

Cheers to another fantastic Rutgers School of Law–Newark Alumni Association Gala. Laura Wilensky, David Gorvitz, Marc Singer, Xiaochen Sun, Alexander Firsichbaum, and Philip Corbo represented the OLSS team at the event, making the most of a night of connection-building in the New Jersey legal community. The proceeds from this event, along with direct donations, help fund key initiatives at the law school including the annual Weintraub Lecture, law school receptions, and alumni networking events. They also support the Newark Alumni Association’s Mentoring Program and honor outstanding student achievements with the Justice Henry E. Ackerson, Jr. Prize, the Alumni Senior Prize, and the Eli Jarmel Memorial Prize. We’re proud to help them achieve these goals as an event sponsor and through shareholder Xiaochen Sun’s work as President of the Alumni Association.

OLSS was proud to sponsor Liberty Hall’s 250th-anniversary celebration, the Governor Livingston Housewarming Party, and join them for the festivities. Pictured above are: John Kean III, Susan Holzman, Joel Siegel, John Kean, Jr., Laurence B. Orloff, Adam Haberfield, and Jack Vrablik. Liberty Hall, located on Kean University's campus, was home to New Jersey's first elected governor and is now a National Historic Site. Today, the home is open to the public as a museum, and offers educational programs, community events, and more. The 250th-anniversary celebration was a fantastic evening filled with history, hospitality, and support for this treasured landmark. Proceeds from the event will help preserve Liberty Hall Museum and support educational programs that bring New Jersey’s past to life for people of all ages. We’re proud to be part of this milestone and excited to help Liberty Hall inspire and connect with our community for years to come.