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April 06, 2016 | New York Law Journal

Airbnb Encounters Legal Barriers in NYC

In their Landlord-Tenant column, Warren A. Estis and Alexander Lycoyannis discuss how although the popular website Airbnb has had great monetary success, most of its transactions involving New York City residential apartments appear to violate the law.
19 minute read
April 05, 2016 | New York Law Journal

Ex-Dewey Partners Spared Liability for Lease Payments

A Manhattan judge has found that hundreds of former partners of Dewey & LeBoeuf and legacy firms cannot be held personally liable for lease payments after the film filed for bankruptcy, relieving them of millions of dollars of potential liability.
9 minute read
March 02, 2016 | New York Law Journal

Luxury Decontrol: Is a J-51 Notice Required?

In their Rent Regulation column, Warren A. Estis and Jeffrey Turkel survey the relevant case law over the last four years regarding the issue of whether an owner, in order to obtain high-rent high income luxury deregulation in a building that formerly received J-51 benefits, must first serve the tenant with a so-called J-51 notice.
9 minute read
February 08, 2016 | New York Law Journal

Panel Declines to Order Return of $4M in Rescinded Deal

A real estate buyer cannot recoup a $4 million deposit because the sellers were relieved of any obligation to show they were ready to close when the buyer filed a rescission action before the closing date, an appellate court held.
4 minute read
February 03, 2016 | New York Law Journal

The Exhibiting Requirement in Post-Foreclosure Evictions

In their Landlord-Tenant column, Warren Estis and Michael Feinstein discuss the case 'Deutsche Bank v. Dirende,' which held that "exhibiting" the referee's deed in a post-foreclosure eviction requires personal delivery.
9 minute read
January 25, 2016 | New York Law Journal

Experts Say Development Will Slow Without '421-a' Program

While projects that are already underway are unlikely to be affected by the expiration of the "421-a" property tax abatement program, several real estate attorneys expressed hope that the program will be renewed, as it has become a key component of negotiating major development deals in the city.
4 minute read
January 06, 2016 | New York Law Journal

The Altman Conundrum

In their Rent Regulation column, Warren Estis and Jeffrey Turkel discuss vacancy luxury deregulation in light of the cases 'Altman v. 285 West Fourth, LLC,' 'Aimco 322 East 61st Street v. Brosius,' and 'Dixon v. 105 West 75th Street.'
10 minute read
December 21, 2015 | The American Lawyer

Big Deals

15 minute read
December 21, 2015 | The American Lawyer

Big Deals

Marriott International / Starwood Marriott International Inc. said Nov. 16 it would acquire Starwood Hotels and Resorts Worldwide Inc. in a $12.2 billion…
15 minute read
December 09, 2015 | New York Law Journal

Yellowstone Injunctions: Timeliness Is Critical

In their Landlord-Tenant column, Warren A. Estis and Michael E. Feinstein discuss the case 'Riesenburger Properties v. PI Associates' to highlight the critical importance of filing a motion for Yellowstone relief prior to the expiration of the cure period.
9 minute read

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