LEGAL CORNER: NYC Passes the FARE Act and Restricts the Payment of Commissions by Tenants
The real estate industry has expressed concerns regarding the potential repercussions of the FARE Act.
The Feil Organization of New York City announced that Eric Lowenstein has been named the firm’s new Chief Financial Officer, reporting to Jeffrey Feil, chairman of The Feil Organization. Lowenstein will be responsible for financial planning, implementing strategic investments, capital structure and the firm’s accounting.
“With over 30 years in tax, law and investment properties, coupled with his previous achievements, we’re thrilled to welcome Eric Lowenstein to The Feil Organization who will provide strategic financial oversight and planning across all properties throughout the U.S.,” said Brian Feil, vice president at The Feil Organization.
Lowenstein previously served as General Counsel at RWN Management, LLC, an investment management firm based in New York City and as Senior Vice President and Chief Tax Officer at Edison Properties. Lowenstein began his career as a tax lawyer at Weil, Gotshal & Manges LLP and Paul, Weiss, Rifkind, Wharton & Garrison. He received his J.D. and LL.M. in Taxation at New York University School of Law and received his B.A. with High Honors in Business Economics at the University of California at Santa Barbara.
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