By Dan Roe | March 14, 2023
The global law firm remained well-hedged against rising interest rates, COVID lockdowns and the war in Ukraine.
By Jeffrey B. Steiner and Billy Hildbold | March 14, 2023
One of the most powerful lender rights is the appointment of a receiver to monitor and marshal the collateral as necessary. Recently, this right has been called into question in a recent slip opinion in Wells Fargo Bank, N.A. v. JTRE 240 E. 54th St., discussed here.
New York Law Journal | Analysis
By Erica F. Buckley | March 13, 2023
While the change is welcome news for many in the real estate industry, a close reading of the law and its purpose is necessary to understand its full applicability to small building owners.
By Dan Roe | March 10, 2023
The 572-lawyer firm hired 16 lateral partners and replenished its associate ranks in a year when gross revenue rose 4%.
New York Law Journal | Analysis
By Michelle P. Quinn | March 9, 2023
The burden of ameliorating New York City's homelessness problem should not be borne by landlords alone. The time has come for the legislature to balance the impact of the housing crisis by providing funding and assistance to landlords, not just tenants.
By Scott Mollen | March 7, 2023
Scott Mollen discusses "Horizon Realty of Mt. Vernon LLC v. Dabbs," where an ERAP stay was lifted as being inequitable to the landlord who had already suffered in the lengthy process, and "McWhinney v. Rockland Cider Works," where defendants were preliminarily enjoined from operating a cidery that would hurt surrounding property values.
By Kenneth M. Block and Melissa T. Billig | March 7, 2023
The pandemic has changed the way we use office space. New York City has a significant amount of under-occupied or vacant office real estate. Converting these commercial spaces to residential could help to solve the housing affordability crisis, but not every building is a viable candidate for a residential conversion—it's expensive to renovate, there are no tax breaks, and the commercial districts have not been re-zoned to permit these conversions—so how can they do it?
By Emily Saul | March 6, 2023
Judge Arthur Engoron has previously insisted the trial will begin October 2, "come hell or high water."
New York Law Journal | Analysis
By Robert M. Link | March 2, 2023
A discussion of what next steps lenders should take in response to the Foreclosure Abuse Prevention Act.
New York Law Journal | Analysis
By Andrew B. Freedland and Deborah Koplovitz | March 1, 2023
A recent case involves a situation asked of counsel representing condominiums and cooperatives on a regular basis; who is responsible for the repairs and damage stemming from alterations to the interior of a cooperative apartment, which were previously made by the predecessor shareholder?
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