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Columns & Departments

Landlord & Tenant Law Image

Landlord & Tenant Law

NYRE Staff

Local Law Prohibiting No-Cause Evictions Pre-Empted By State Law Contractual Indemnification Unenforceable Indemnification Clause Enforced Good Faith Efforts to Cure Extend Cure Period for Yellowstone Injunction

Columns & Departments

Real Property Law Image

Real Property Law

NYRE Staff

Recorded Mortgage Does Not Remove Title Insurance Claim From Policy Exclusion When Underlying Deed Was Not Recorded No Easement By Necessity for Parking Lawn Mowing and Driveway Plowing Suffice to Establish Adverse Possession

Features

Third Circuit: Pre-Bankruptcy Commercial Lease Termination Not Fraudulent Transfer Image

Third Circuit: Pre-Bankruptcy Commercial Lease Termination Not Fraudulent Transfer

Michael L. Cook

Is an insolvent debtor's pre-bankruptcy termination of a commercial lease a fraudulent transfer? The circuit courts seem to be split, however a close reading of cases in the Third and Seventh Circuits shows that the reasoning of both courts can be reconciled on their facts.

Features

Municipality's Refusal to Permit Expansion of a Pre-Existing Nonconforming Use Doesn't Violate Constitution Image

Municipality's Refusal to Permit Expansion of a Pre-Existing Nonconforming Use Doesn't Violate Constitution

Stewart E. Sterk

Can a municipality's refusal to permit expansion of a pre-existing nonconforming use constitute a federal constitutional violation? The federal district court for the Eastern District of New York faced that question and awarded summary judgment to the municipality, rejecting the landowner's substantive due process and takings claims.

Features

5 Most Commonly Required Guaranties In Commercial Real Estate Loans Image

5 Most Commonly Required Guaranties In Commercial Real Estate Loans

Peter E. Fisch & Salvatore Gogliormella

In general, commercial real estate loans are non-recourse in nature and the lenders ultimately look to their collateral for the satisfaction of the borrowers' obligations if the loan goes into default. However, lenders typically require guaranties from individuals or entities, making the guarantors personally liable for certain obligations.

Features

Lease Terminations As Fraudulent Transfers Image

Lease Terminations As Fraudulent Transfers

Michael L. Cook

Is an insolvent debtor's pre-bankruptcy termination of a commercial lease a fraudulent transfer? The circuit courts seem to be split, however a close reading of cases in the Third and Seventh Circuits shows that the reasoning of both courts can be reconciled on their facts.

Features

The Future of the Office Real Estate Market Image

The Future of the Office Real Estate Market

Anthony F. DellaPelle

It appears that at least some form of hybrid work schedules — much more than existed pre-pandemic — are likely here to stay. How these increased trends may impact the office market and demands for office space in the foreseeable future remains to be seen.

Features

U.S. Law Firm Leasing At Record Highs Image

U.S. Law Firm Leasing At Record Highs

Brenda Sapino Jeffreys

After a slump during the pandemic, U.S. law firm leasing activity hit a record level in 2022, and activity boomed during the first quarter of 2023 with leasing volume higher than in any previously recorded Q1, a new report finds.

Features

Three Takeaways from 'Casey v. Whitehouse Estates' Rent Regulation Decision Image

Three Takeaways from 'Casey v. Whitehouse Estates' Rent Regulation Decision

Jeffrey Turkel

On March 16, 2023, the Court of Appeals decided Casey v. Whitehouse Estates, Inc., the first Court of Appeals ruling to address rent regulation since its landmark decision in Matter of Regina Metro. Co., LLC v. New York State Div. of Hous. & Community Renewal, the Court of Appeals unanimously reversed the First Department's finding that the landlord's purported fraud mandated use of DHCR's so-called default rent formula.

Columns & Departments

Development Image

Development

NYRE Staff

Sand Mine Enjoys Nonconforming Use Protection Contract Vendee Entitled to Use Variance Despite Knowledge of Ordinance's Provisions

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