By Lidia Dinkova | January 4, 2019
Greenberg Traurig's Richard Giusto has been leading Invesco Real Estate deals for 25 years, and the law firm's Michael Lynott has been leading its financing deals for 15 years.
New York Law Journal | Analysis
By Adam M. Swanson | January 2, 2019
Legacy foreclosures are running up against New York's six-year foreclosure statute of limitations, CPLR §213(4). Lenders' counsel must be vigilant. Mortgages are routinely being discharged under the statute of limitations.
New York Law Journal | Analysis
By Eva Talel | December 31, 2018
Cooperatives and Condominiums columnist Eva Talel discusses a recent decision in which the First Department unanimously held, as a matter of law, that a proprietary lease providing for payment of attorney fees to a co-op even if it is the defaulting party is unconscionable and unenforceable as a penalty.
New York Law Journal | Analysis
By Scott E. Mollen | December 31, 2018
Scott E. Mollen, a partner at Herrick, Feinstein, discusses “OneWest Bank N.A. v. FMCDH Realty,” where the court held a reverse mortgage's CAA was never a negotiable instrument and the bank was not a holder in due course.
New York Law Journal | Analysis
By Warren A. Estis and Jeffrey Turkel | December 31, 2018
In their Rent Stabilization column, Warren Estis and Jeffrey Turkel discuss the law surrounding owners seeking DHCR's permission to replace lobby attendants and doormen with security cameras.
New York Law Journal | Analysis
By Peter M. Fass | December 24, 2018
In his Real Estate Securities column, Peter M. Fass discusses the qualified opportunity zone program, which is designed to encourage investment in distressed communities by providing tax incentives. The enacted statutory language left many uncertainties regarding the operation of the opportunity zone program. Proposed Regulations answer some of the most important questions, mostly with taxpayer-friendly answers. However, important questions remain unanswered and additional proposed regulations are expected to be issued in the near future.
New York Law Journal | Analysis
By Scott E. Mollen | December 24, 2018
Scott E. Mollen, a partner at Herrick, Feinstein, discusses “Trust v. Roskell,” where the court found issues of fact to exist as to whether property owners have a matured prescriptive easement.
New York Law Journal | Analysis
By Ezra Dyckman and Aaron S. Gaynor | December 24, 2018
In their Taxation column, Ezra Dyckman and Aaron S. Gaynor discuss talking points on one of this year's hottest topic in real estate.
New York Law Journal | Analysis
By Sidney Kess | December 21, 2018
In his Tax Tips column, Sidney Kess writes: Qualified opportunity zone tax rules went into effect on Jan. 1, 2018. As yet, there are no existing investment opportunities, but here's what is known so far.
By Christine Simmons | December 20, 2018
Debevoise & Plimpton, looking for about 400,000 square feet, may be the latest law firm to pick the development for new Manhattan offices.
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