October 29, 2024 | New York Law Journal
Office-to-Residential Conversions and the Risks InvolvedMany current owners and developers have spotted an opportunity amidst the challenges the work-from-home paradigm shift has presented: the "office-to-residential conversions." However repurposing office buildings for residential use can be risky.
By Peter E. Fisch and Salvatore Gogliormella
9 minute read
July 30, 2024 | New York Law Journal
Applying Merger Doctrine to Contracts for Sale of Real EstateIn their Transactional Real Estate column, Peter Fisch and Sal Gogliormella discuss the merger by deed doctrine including how New York courts apply it compared to other states.
By Peter E. Fisch and Salvatore Gogliormella
9 minute read
May 28, 2024 | New York Law Journal
Differences Between Leases and Licenses of Real PropertyParties entering into an agreement for the use of real property should consider whether they intend to create a lease or a license because the nature of the arrangement may significantly affect the rights and remedies of the partiest,
By Peter E. Fisch and Salvatore Gogliormella
9 minute read
March 05, 2024 | New York Law Journal
FinCEN's Proposed Rule on Residential Real Estate TransactionsIn their Transactional Real Estate column, Peter Fisch and Salvatore Gogliormella discuss FinCEN's recently proposed rule on non-financed residential real estate transactions which "builds on the U.S. government's longstanding focus on the money laundering risks posed by the residential real estate market."
By Peter E. Fisch and Salvatore Gogliormella
10 minute read
July 03, 2023 | New York Law Journal
Drafting for Local Law 97: Aligning Landlord & Tenant Interests Through 'Green' Commercial Lease ProvisionsIn 2019, New York City enacted Local Law 97 aimed at combatting the threat of climate change. This article looks at how implementation of the law effects New York City commercial buildings including changes in the way buildings are constructed, operated, and leased.
By Peter E. Fisch and Salvatore Gogliormella
12 minute read
May 09, 2023 | New York Law Journal
Releases of Liability Under Loan GuarantiesA discussion of the five types of guaranties most commonly required in connection with commercial real estate loans.
By Peter E. Fisch and Salvatore Gogliormella
11 minute read
February 07, 2023 | New York Law Journal
Fraud Claims in Purchase and Sale TransactionsBuyers and sellers of real estate must consider how legal principles pertaining to fraud might affect sellers' liability for any false statements made in the context of their transactions.
By Peter E. Fisch and Salvatore Gogliormella
10 minute read
November 01, 2022 | New York Law Journal
Considerations When Severing a Master LeaseSevering a master lease generally entails a number of thorny issues. Because severance can have a meaningful impact on many of the parties' rights and remedies and on their ability to manage and exit their investments in the portfolio, the parties should carefully consider those issues at the outset, prior to entering into the master lease.
By Peter E. Fisch and Salvatore Gogliormella
10 minute read
October 11, 2022 | New York Law Journal
Specific Performance of a Sale-LeasebackAlthough specific performance is an important remedy in real estate transactions, it is a remedy disfavored by the courts. In their Transactional Real Estate column Peter E. Fisch and Salvatore Gogliormella discuss how, under certain circumstances, particularly in the case of sale-leasebacks, a specific performance clause may not be enforced by the courts.
By Peter E. Fisch and Salvatore Gogliormella
10 minute read
August 09, 2022 | New York Law Journal
Portfolio PSA ConsiderationsIn this edition of their Transactional Real Estate column, Peter Fisch and Sal Gogliormella discuss factors to consider in negotiating the sale of a real estate portfolio and highlight some of the complications to look out for.
By Peter E. Fisch and Salvatore Gogliormella
10 minute read
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