Coronavirus Update: Click to learn more about how we are fully supporting and protecting our clients

Skoloff & Wolfe — Real Estate NJ Spotlight Best property tax appeal law firms
Real Estate NJ, the commercial real estate voice of New Jersey, recently featured Skoloff & Wolfe, P.C. (S&W) as among the state’s leading property tax appeal law firms.

One of only five firms included in the publication’s Professional Spotlight 2020, S&W represents commercial, multifamily, industrial, hotel and hospitality taxpayers in property tax related matters. Its clients include virtually all categories of property owners, including developers, management companies, financial institutions, REITs, retail companies, hospitals, universities, religious institutions, and private equity firms.

Property Tax Increase Cases a Looming Threat for Commercial Property Owners

David Wolfe, Skoloff & Wolfe, P.C. co-managing partner, recently was a guest on The Morning Spotlight, a new podcast that tackles hot topics in the NJ real estate industry. The conversation centered on subjects relevant to commercial property owners in the age of COVID-19, such as being prepared with an action plan and experienced legal representation to defend against coming 2021 assessments.

“For ‘21 [COVID-19] is going to be first and foremost on property owners’ minds. Their income has been decimated. After January 1 most assessments are going to come out in New Jersey and other states, and property owners need to be prepared,” Wolfe told Mike Ham, the host of the Morning Spotlight program. “Property owners should have their team ready, and potentially their appraisals ready and they should be ready to go.”

Have a Plan for Your Property Tax Appeals

If you have gone through a divorce and are paying alimony, you likely know that your support obligation can be modified or even terminated upon a showing of “changed circumstances.” While changed circumstances could apply to a number of situations, one common example that has long been a basis to modify or terminate alimony is an ex-spouse’s cohabitation with another individual. According to New Jersey Statute 2A:34-23(n), which was enacted in 2014, “[c]ohabitation involves a mutually supportive, intimate personal relationship in which a couple has undertaken duties and privileges that are commonly associated with marriage…but does not necessarily maintain a single common household.” The statute goes on to list the seven factors courts should look to when determining if cohabitation is indeed taking place:

  1. Intertwined finances such as joint bank accounts and other joint holdings or liabilities;
  2. Sharing or joint responsibility for living expenses;

I was a matrimonial Judge for 17 years and presided over approximately 21,000 divorces.

I myself went through a divorce before I became a Judge, and I have helped several of my children through their own divorces. Since leaving the bench, I’ve spent the last nine years mediating hundreds of divorce cases.

I am firmly convinced that mediation – regardless of which side of the divorce equation you are on – is much more preferable, easier, faster, and less expensive than litigating your divorce in a courtroom.

ROI-NJ, a media company that informs and connects businesses in New Jersey, announced that David B. Wolfe, co-managing partner of Skoloff & Wolfe, P.C. (“S&W”), was selected to its list of 2020 influencers.

Mr. WolfeDavid Wolfe Property Tax Appeal Attorney is only one of two real estate property tax attorneys among those recognized across all real estate categories such as service providers, developers, construction, banking and finance, public officials, and brokers. He is cited by the publication as being “one of the leading and most highly visible tax appeal lawyers in the state — a specialty that figures to be extraordinarily busy once the pandemic’s impact on commercial real estate is truly understood.”

In a published list that featured Advance Realty, AvalonBay, JMF Properties, KRE, L+M Development Partners, Mack-Cali Realty Corp., Onyx Equities, and Somerset Development, and included CBRE, Cushman & Wakefield, JLL, and Newmark, Mr. Wolfe expressed heartfelt congratulations to all S&W clients and colleagues highlighted on the 2020 influencers list. S&W is honored to be named among the best and brightest of New Jersey real estate.

skoloff wolfe best law firms 2021Skoloff & Wolfe, P.C., today announced that the firm is ranked in the 2021 Edition of U.S. News – Best Lawyers “Best Law Firms” in the practice area of Family Law. Founded more than 50 years ago, Skoloff & Wolfe attorneys are leaders in the fields of family and matrimonial law, real estate property tax appeals, and business litigation.

Recognition by Best Lawyers “Best Law Firms” is based entirely on peer review. The organization’s methodology is designed to capture, as accurately as possible, the consensus opinion of leading lawyers about the professional abilities of colleagues and firms within the same geographical area and legal practice area.

The nomination process employs a sophisticated, conscientious, rational, and transparent survey process designed to elicit meaningful and substantive evaluations of the quality of legal services, in the belief that the quality of a peer review survey is directly related to the quality of the voters.

Golf course property tax appeal
By David Wolfe, Co-Managing Partner, and Vincent Ferrer, Associate, at Skoloff & Wolfe, P.C. (Livingston, N.J.)

For golf courses and country clubs, property taxes can end up being one of their largest annual expenses. Many have begun considering a challenge to their tax assessments, especially now—in the age of COVID—when revenue from events, member fees, and other sources may have been impacted.

However, just as in golf, there are multitude ways things can go wrong. Here’s what every golf course owner and their membership need to examine before taking a swing at their property tax appeal.

As tumultuous as 2020 has been, 2021 may be even worse for many multifamily real estate owners and investors.

“Property owners need to be aware that in addition to taxes going up [in 2021], they can be sued by municipalities,” said David Wolfe, Esq. during CAPRE’s Multifamily Leadership Roundtable on Thursday, October 29, 2020. The virtual event featured speakers from across the country and every facet of the commercial real estate industry. Wolfe served as both moderator and panelist.

“Globally, property taxes are now at the C-suite level of concern,” he explained. As a co-managing partner for one of the nation’s leading property tax appeal practices, Wolfe has secured billions in assessment reductions for his clients. He provided investors with some key insights into the legal world of property tax appeals as part of the discussion.

Pandemics. Politics. Profits. The year 2020 has seen chaos caused by all three. And on Thursday, October 29, 2020, leaders in the multifamily real estate industry came together to weigh in on just how impactful these will be in 2021.

David Wolfe, Esq., served as moderator for the nationally-broadcasted panel “Capital Markets for Multifamily: Debt, Equity, JV and Alternative Capital Raising”. The panel was part of CAPRE’s Fall 2020 Multifamily Leadership Roundtable and featured a lively discussion.

“Investors are shifting away from other asset classes to multifamily,” said Sheri Thompson, Executive Vice President of Real Estate at Walker & Dunlop. “[Multifamily] is the safe bet, along with industrial.” Thompson stated that investment sales are busier than the beginning of 2020, and that cap rates are arguably higher than pre-COVID-19 times.

Skoloff & Wolfe P.C. Co-managing Partners Help Jewish Law Symposium Succeed Skoloff & Wolfe P.C. co-managing partners, Jonathan W. Wolfe Esq. and David B. Wolfe Esq., served on the advisory board and as an event chair respectively, for the 2020 Jewish Law Symposium, held September 23 via online conference. David Wolfe has served as the event chair since the founding of the event.

The Jewish Law Symposium is geared to attorneys throughout the State of New Jersey who have an interest in exploring, studying, and debating the ethical and moral dilemmas facing the legal community today from both civil law and Talmudic law perspectives.

The theme of the event, “The Ethics of Civility: Being a Mentch in Turbulent Times,” featured a distinguished list of presenters and panelists including: former U.S. Senator Joseph Lieberman of Connecticut; the Hon. Patty Shwartz, Judge, U.S. District Court, District of New Jersey; Raymond M. Brown Esq., international human rights attorney and partner, Scarinci Hollenbeck; Paula Franzese, Esq., Professor at Seton Hall Law School; and Sivan Rahav Meir, Israeli media personality, biblical scholar and author.

Posted in:
Published on:
Super Lawyers
Best Law Firms
Best Lawfirms
Best Lawyers
Contact Information