NYC's Tech Sector Expected to Spark Commercial Leasing Boom; Tech Hotspots Likely to Get Hotter

New York City’s commercial property executives suggest that the tech sector will spark a boom in commercial real estate – a vast majority (91%) said the tech sector will drive at least moderate commercial leasing growth over the next three years. Over a third (36%) said the growth will be “major.”  And tech companies will flock to neighborhoods already known for tech – Long Island City will be the next neighborhood to benefit, said 23%, with the Brooklyn Navy Yard and Midtown/Chelsea/Flatiron close behind (16% each).  Read these and other results from our Summer 2014 Gotham Commercial Real Estate Monitor.

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For the fifth year in a row, Marks Paneth LLP has been ranked among the top three forensic accounting providers serving the New York metropolitan area in the New York Law Journal (NYLJ) Annual Reader Rankings Survey.  We are the only major regional firm to be voted among the top three firms in this category in all five years of the survey.

Marks Paneth Press Release

CONSEQUENCES OF HAVING A POOR ANTI-MONEY LAUNDERING PROGRAM

A surge in recent investigations suggests that financial and non-financial institutions are increasingly in violation of Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) policies and procedures as well as regulatory requirements.  Many different kinds of businesses are at risk for money laundering and for penalties if AML programs do not meet regulatory standards – all the more reason to ensure that adequate anti-money laundering programs are in place.

In her new article, Sareena Sawhney reviews the various indications that money laundering may be occurring, recent investigations and the steps to take to ensure your organization is compliant.

Read more here.