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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.
6 minute read
By Colleen Murphy | May 13, 2024
"Under the Brokers Act, the parties' agreement to an independent contractor affiliation is not merely one of several factors in the analysis, as the Appellate Division viewed it to be," Justice Anne M. Patterson said. "To the contrary, if the parties have agreed in writing to a business affiliation in compliance with the Brokers Act, that agreement is dispositive."
6 minute read
By Michael A. Mora | May 13, 2024
"Justice is catching up with, 'Safe Harbor,' whose business model, as observed in the Third District opinion, is to acquire pre-existing loans and 'mine the loan histories' to 'exploit' opportunities to obtain 'retroactive default interest,'" Dennis Richard, a partner at Richard & Richard who represents the borrower, said in an email.
4 minute read
By Lisa Willis | May 10, 2024
"Plaintiff's position that she won is a delusional one," said defense attorney Herman J. Russomanno III.
4 minute read
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.
11 minute read
By Lisa Willis | May 7, 2024
The case pits residents against Hallandale Beach, which allegedly broke a contract in a manner detrimental to land values.
5 minute read
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."
15 minute read
By Brenda Sapino Jeffreys | May 7, 2024
Am Law 200 firms leased an average of 525,500 square feet of office space in 2023 at an average cost per square foot of $50.20. Here's how those figures have shifted in recent years.
7 minute read
By Brenda Sapino Jeffreys | May 7, 2024
Am Law 200 firms leased an average of 525,500 square feet of office space in 2023 at an average cost per square foot of $50.20. Here's how those figures have shifted in recent years.
7 minute read
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."
7 minute read
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GlobeSt. Women of Influence Conference celebrates the women who drive the commercial real estate industry forward.
The New York Law Journal honors attorneys and judges who have made a remarkable difference in the legal profession in New York.
The African Legal Awards recognise exceptional achievement within Africa s legal community during a period of rapid change.
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