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Articles Tagged with nj commercial property tax appeal

Impact of COVID-19 on property tax assessment appeals and valuations discussed.

0AAHOA logo — webinar on the impact of the pandemic in depressing hotel valuationsThe Hotel Owners Academy of the Asian American Hotel Owners Association (AAHOA) invited David Wolfe, Skoloff & Wolfe P.C. co-managing partner, to share his insights regarding the impact of the pandemic in depressing hotel valuations, as well as strategies for preparing for property tax relief. Mr. Wolfe was joined by Jonathan Falik, the CEO of JF Capital Advisors, a company that specializes in the hospitality industry and provides clients and partners with a broad range of strategic and capital market solutions.

The COVID-19 pandemic has touched virtually every corner of our personal and professional lives, as well as commercial interests. For hotel owners, steep downturns in business and leisure travel due to stay-at-home orders and other restrictions have combined to hit the hotel industry especially hard. The webinar title, “Understanding the Intricacies of Hotel Valuation,” led viewers through a wide-ranging discussion covering the complexities of hotel valuations for property tax purposes, the fundamentals of hotel property tax appeals, the different approaches to hotel valuations in that context, and Covid-19 specific valuation issues related to hotels.

MAREJ Commercial Property Tax Appeals 2021

David B. Wolfe, Esq., co-managing partner of Skoloff & Wolfe, P.C, was featured in the December issue of the Mid Atlantic Real Estate Journal (MAREJ). The Journal’s audience of over 105,000 decision makers turns to the publication for the most comprehensive coverage of the commercial real estate industry encompassing the states of New Jersey, Pennsylvania, Delaware, Maryland, Virginia, and Washington D.C. In the publication’s December “Year in Review” issue, Mr. Wolfe contributed his perspectives on commercial real estate law, particularly with regard to preparing for COVID-era commercial property tax appeals in 2021.

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Skoloff & Wolfe — Real Estate NJ Spotlight Best property tax appeal law firms
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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. Continue reading ›

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. Continue reading ›

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.

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