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Columns & Departments

Co-ops and Condominiums Image

Co-ops and Condominiums

New York Real Estate Law Reporter Staff

Limited Warranty Establishes Defense to Consequential Damages Claim Against Sponsor

Features

The Risks of Office-to-Residential Conversions Image

The Risks of Office-to-Residential Conversions

Peter E. Fisch & Salvatore Gogliormella

Office-to-residential conversions present significant challenges to owners and developers that arise from the interrelationship among the regulatory regime, the legal restrictions and requirements of the site and the physical requirements of conversion; the resulting incremental cost of conversions mean that many potential conversions just do not pencil out.

Columns & Departments

Development Image

Development

New York Real Estate Law Reporter Staff

Department of Environmental Conservation Misapplied Statute

Features

High National Debt Is Bad for CRE Image

High National Debt Is Bad for CRE

Erik Sherman

The federal debt is a huge number at $36 trillion. That has major implications for the government and the economy. Debt numbers this large automatically send out ripples the size of tsunamis. Some of them could wash over long-term Treasury yields and then flood the cost of commercial real estate capital.

Features

'Melendez/Bochner': No Guarantee the Guaranty Law Survives Constitutional Scrutiny Image

'Melendez/Bochner': No Guarantee the Guaranty Law Survives Constitutional Scrutiny

Claude G. Szyfer & Daria D. Anichkova

After nearly four years of litigation, the Second Circuit held recently that a small commercial landlord lacked standing to seek declaratory relief against the City of New York challenging the Guaranty Law under the Contracts Clause of the U.S. Constitution.

Features

Individual Liability of Condominium Sponsor's Principals Image

Individual Liability of Condominium Sponsor's Principals

Stewart E. Sterk

When are the principals of a condominium sponsor individually liable for harms suffered by purchasers? In Board of Managers of 570 Broome Condominium, the First Department declined to dismiss a condominium board's fraud and breach of fiduciary claims against individual defendants.

Features

Slight Decrease In Commercial Foreclosures Hints at Market Stabilization Image

Slight Decrease In Commercial Foreclosures Hints at Market Stabilization

Jose A. Herrera-Paez

While the commercial real estate market faced significant headwinds in 2024, recent data suggests that the tide may be turning. The combination of lower interest rates, a decline in foreclosures, and improving market conditions offers a glimmer of hope for property owners and investors alike.

Columns & Departments

Real Property Law Image

Real Property Law

New York Real Estate Law Reporter Staff

Scouting Organization's Adverse Possession Claim Against County Land Fails Easement Not Subject to Termination Under RPAPL 1951 Doctrine of Emblements Might Sustain Former Tenant's Claim to Crops Church Property Tax Exempt Because Town Did Not Establish Zoning Violation

Features

Law Firm Real Estate: Attorney Offices Are Out, Conference Rooms Are In Image

Law Firm Real Estate: Attorney Offices Are Out, Conference Rooms Are In

Alaa Pasha

Law firms are navigating a paradigm shift in how they approach office space. With the rise of flexible workplaces, firms are finding that when their attorneys do come into the office, the main goal is to connect and collaborate with peers — and this shift has transformed how law firms address their real estate needs.

Columns & Departments

Development Image

Development

New York Real Estate Law Reporter Staff

Landowner Did Not Establish Nonconforming Use Protection Zoning Board of Appeals Misconstrued Town Code Definition NYU Has Standing to Challenge Zoning Amendment

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