By John C. Armentano | May 21, 2024
The Second Circuit's decision puts municipalities on notice that attempts to delay a zoning decision may work against them when there are religious discrimination claims at stake.
By Mason Lawlor | May 15, 2024
Insiders of Fang Holdings ultimately forced the company to spend around $130 million in order to acquire a 35.8% minority interest in a subsidiary, China Index Holdings, despite owning it outright just a few years earlier, according to the lawsuit.
By Scott Mollen | May 14, 2024
Scott Mollen discusses "JCMC W. 34 Mezz II LLC v. Penn Hotel Jr. LLC," and "214 Lafayette House LLC v. Akasa Holdings."
By Jeffrey B. Steiner and Megan Vallerie | May 14, 2024
A seemingly tidy and fair solution to a very complicated problem, a deed in escrow gives a borrower additional time to sell or refinance its property while still giving the lender an efficient means to obtain the property if the borrower defaults anew. This is hardly a gift in New York though, where the oft-called "deed in a box" is almost always held to be unenforceable.
New York Law Journal | Analysis
By Richard S. Fries | May 9, 2024
This two-part series examines several options for the commercial real estate loan in distress. As the second installment of this series, this article identifies and examines a more creative approach, one which right-sizes the loan and the underlying real estate and resets value for today's market.
By Scott Mollen | May 7, 2024
Scott Mollen discusses "Steiner v. Klein," "191 Chelsea LLC v. Sal's Convenience Corp." and "Easter Home v. Pal Partner."
By Adrienne B. Koch | May 7, 2024
In this second article in her four-part series examining how litigation can shape the evolution of best practices in the real estate industry, Adrienne Koch discusses a common feature of many commercial lease transactions: the so-called "good guy guaranty."
New York Law Journal | Analysis
By Deborah E. Riegel | May 6, 2024
Cooperative corporations and their shareholders allege that they are subjected to unpredictable and frequently significant rent increases when ground rents reset.
New York Law Journal | Analysis
By Richard S. Fries | May 2, 2024
Today's commercial real estate market is in distress and has been, across a variety of asset classes, for several years. The reasons are well-known. Less well known is possibly the surest solution in this down cycle. This is a method to right-size commercial real estate loans where the value of the underlying real estate is so much lower than it was only a few years ago.
By Scott Mollen | April 30, 2024
Scott Mollen discusses "U.S. Bank National Association v. Joerger," and "Atlantic Ctr. Fort Greene Assoc., LLC v. City of New York."
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