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Features

Strategies and Drafting Techniques for Loan Workouts and Enforcement In 2022 Image

Strategies and Drafting Techniques for Loan Workouts and Enforcement In 2022

Richard S. Fries

A series of strategies and drafting techniques relevant to commercial real estate loan workouts and enforcement. This article isn't a "how-to" primer on loan enforcement or restructuring the distressed loan, it identifies some of the current solutions and insights that have been observed, implemented and proposed during this pandemic-impacted workout cycle.

Features

Why Commercial Insurance Prices Are Rising Image

Why Commercial Insurance Prices Are Rising

Ted Knutson

Commercial insurance prices are rising as increased costs from climate change, the supply chain crisis and inflation take hold, Westchester, a commercial property, and casualty insurance underwriter, said in a new report.

Features

Tenth Circuit: Government COVID Closure Orders Do Not Trigger Coverage for Loss of Business Income Image

Tenth Circuit: Government COVID Closure Orders Do Not Trigger Coverage for Loss of Business Income

Stephen Masciocchi & Tina Van Bockern

In a recent case, the Tenth Circuit joined other circuits in holding that government closure orders due to the COVID-19 pandemic do not trigger insurance coverage for loss of business income, reasoning that the temporary inability to use property caused by COVID shutdown orders doesn't involve a covered physical loss of property.

Features

Law Firms Looking to Balance Decreasing Office Space With Increasing Head Count In 2022 Image

Law Firms Looking to Balance Decreasing Office Space With Increasing Head Count In 2022

Justin Henry

Streamlining office space corresponds with industry-wide trends of law firms embarking on two seemingly paradoxical goals: decreasing their office space while aggressively growing head count.

Features

COVID-19 and Lease Negotiations: Early Termination Provisions Image

COVID-19 and Lease Negotiations: Early Termination Provisions

Ann E. Ryan & Adrienne B. Koch

During the COVID-19 pandemic, some tenants were able to negotiate termination agreements with their landlords. But even though a landlord may agree to terminate a lease to regain control of a defaulting tenant's space without costly and lengthy litigation, typically a defaulting tenant that otherwise has no contractual right to terminate its lease will be in a much weaker bargaining position with respect to the conditions for termination.

Features

A Look At What 2022 Has In Store for Commercial Real Estate Image

A Look At What 2022 Has In Store for Commercial Real Estate

Erik Sherman

Disaster — a seemingly closed economy, crashed supply chains, tight labor availability, and many millions out of work — turned into rising values, some hot sectors, and rising rents and increased stability by 2021. Stepping into 2022 should be a good deal less jarring. And yet, there might be changes and surprises. Here's what experts see as coming up.

Features

Enforcement of Obligations Imposed In SEQRA Findings Statements Image

Enforcement of Obligations Imposed In SEQRA Findings Statements

Stewart E. Sterk

When, at the culmination of environmental review under the State Environmental Quality Review Act (SEQRA), a municipality resolves to require a developer to ameliorate environmental impacts, can anyone other than the municipality itself enforce the requirement?

Columns & Departments

Real Property Law Image

Real Property Law

NYRE Staff

Encroachment By Party Wall Will Not Support a Notice of Pendency Questions of Fact Remain In Party Wall Dispute Easement Was Only for Access Seller's Failure to Provide Estoppel Certificates Excuses Purchaser from Performing Equitable Title Claim Upheld

Features

Enforcement of Obligations Imposed In SEQRA Findings Statements Image

Enforcement of Obligations Imposed In SEQRA Findings Statements

Stewart E. Sterk

When, at the culmination of environmental review under the State Environmental Quality Review Act (SEQRA), a municipality resolves to require a developer to ameliorate environmental impacts, can anyone other than the municipality itself enforce the requirement?

Columns & Departments

Landlord & Tenant Law Image

Landlord & Tenant Law

NYRE Staff

Nonpayment Proceeding Not Available for Use and Occupancy Questions of Fact About Whether Landlord Accepted Surrender Improper Withholding of Consent Does Not Excuse Guarantor Loft Board's Rejection of Abandonment Petition Upheld

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