New York Law Journal | Expert Opinion
By Peter E. Fisch and Salvatore Gogliormella | November 1, 2022
Severing 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.
New York Law Journal | Commentary
By Leni Morrison Cummins and Jennifer Miller | October 31, 2022
Boards of condominiums and cooperatives owe fiduciary duties to their unit owners and shareholders. These fiduciary duties include not only the…
By Dan Roe | October 27, 2022
New York and London each saw new partners in the double digits, while the firm's Los Angeles office—its first—had just one promotion to partner.
New York Law Journal | Expert Opinion
By Scott Mollen | October 25, 2022
This week in his Realty Law Digest column, Scott Mollen discusses "Haimovici v. Castle Vil. Owners Corp.," a lease termination action where records of the tenant's misconduct precluded a preliminary injunction, and "Application of Voice of Gowanus v. City of New York," where a challenge to Gowanus rezoning was dismissed due to a failure to show that the environmental review was capricious.
New York Law Journal | Expert Opinion
By Ezra Dyckman and Charles S. Nelson | October 25, 2022
On Aug. 16, President Joe Biden into law the "Inflation Reduction Act," which, among other things, extended the limitation on the deduction of certain business losses from Jan. 1, 2027 to Jan. 1, 2029. The authors believe that this extension provision, although not highly publicized, could have a significant effect on businesses that have tax losses, including rental real estate businesses.
Law.com | How I Made It|Profile|Q&A
By Tasha Norman | October 25, 2022
"It is the process of getting complex deals done under pressing time frames so that a project with a public purpose can get financed, completed and utilized that drives me."
By Jane Wester | October 19, 2022
The developers, who all owned apartment buildings in the Bushwick section of Brooklyn, are accused of obtaining more than $1.6 million in fraudulent property tax benefits through the program, which grants tax breaks to developers who agree to reserve affordable units in their buildings.
New York Law Journal | Analysis
By Paul A. Rubin and Hanh V. Huynh | October 19, 2022
With the deletion of just a few words from RPAPL §749(3), the 2019 amendment opens the door for tenant-debtors to assume leases even after a pre-bankruptcy warrant of eviction has been issued, without the need for the tenant to first vacate the warrant of eviction.
New York Law Journal | Expert Opinion
By Scott Mollen | October 18, 2022
Scott Mollen discusses "Mackey v. My Little Saltbox, LLC," where intentional misrepresentations in a real estate transaction barred a motion to dismiss, and "Torres v. Marrero" where Anti-SLAPP pleading standards were found to apply to a defamation suit between bickering neighbors.
By Jane Wester | October 13, 2022
Lawyers from AG Letitia James' office asked for the appointment of an independent monitor to oversee the Trumps' submission of financial information to accountants, lenders and other external parties.
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