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In the Spotlight: Structuring Lease Takeovers
A large corporate tenant has outgrown its space in Manhattan and there is not sufficient space in the building coming available to meet its needs. This company sees a market brimming with opportunities. The economy and leasing market are still recovering. Rents are attractive and there are several available blocks of space that suit its needs, many in state-of-the-art new buildings.
A landlord becomes aware of this company's interest in relocating. This landlord's building has been slow to lease up since being completed in 2008, and faces a 40% vacancy and a mortgage loan that will soon be in default if this vacancy rate lingers.
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New York's Latest Cybersecurity Commitment
On Aug. 9, 2023, Gov. Kathy Hochul introduced New York's inaugural comprehensive cybersecurity strategy. In sum, the plan aims to update government networks, bolster county-level digital defenses, and regulate critical infrastructure.
Law Firms are Reducing Redundant Real Estate by Bringing Support Services Back to the Office
A trend analysis of the benefits and challenges of bringing back administrative, word processing and billing services to law offices.
Bit Parts
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
How AI Has Affected PR
When we consider how the use of AI affects legal PR and communications, we have to look at it as an industrywide global phenomenon. A recent online conference provided an overview of the latest AI trends in public relations, and specifically, the impact of AI on communications. Here are some of the key points and takeaways from several of the speakers, who provided current best practices, tips, concerns and case studies.