Features
Paul D. Selver
&
James P. Power
In Committee for Environmentally Sound Development ("CESD") v. Amsterdam Ave. Redevelopment Associates LLC, the Appellate Division, First Department, overturned a Supreme Court decision that would have required partial demolition of a nearly completed 55-story building at 200 Amsterdam Avenue.
Columns & Departments
NYRE Staff
Easement By Necessity Claim Fails for Inadequate Proof of Unity of Title At Severance
No Specific Performance When Purchaser Failed to Elect Contract Remedies
Subdivision of Dominant Parcel Did Not Terminate Easement
Judgment Creditor Not Entitled to Compel Sale of Tenancy By the Entirety Property
Questions of Fact Preclude Summary Judgment on Specific Performance Claim
Town Had No Authority to Issue Parking Permits on Land of Waterfront Owners
Features
Erika Morphy
Underwriting clearly has been affected by the pandemic-led downturn. Lenders are using higher vacancies and reserves to underwrite, leading to more conservative loan proceeds.
Columns & Departments
ssalkin
Occupation By Family Member of Corporate Principal Does Not Terminate Unsold Share Status
Abandonment of Easement By Condominium Unit Owner
Condominium Unit Owner Entitled to Damages for Board's Failure to Approve Transfer
Features
Timothy M. Hazel
&
Gaetan J. Alfano
Due to COVID-19's impact, the commercial office market should fundamentally shift in favor of tenants for the next several years. Law firm tenants should find an environment characterized by friendly concessions, options across asset classes and price ranges, and limited competition for space.
Columns & Departments
NYRE Staff
HSTPA Did Not Apply Retroactively to Personal Use Petition
Features
Leslie Shaver
The office market weathered a pandemic-fueled revolution last year, but both owners and tenants responded with impressive adaptability and endurance. Those things bode quite well for the sector's recovery.
Features
Stewart E. Sterk
In a set of foreclosure cases decided in late February, the Court of Appeals resolved some of the questions that have plagued New York's court system in the aftermath of last decade's mortgage crisis.
Features
Stephanie C. Lieb
&
Alexander Zesch
Retail, entertainment and hospitality have been hit particularly hard by government-mandated COVID-19 shutdowns. For many, the road ahead will end in, or lead through, bankruptcy. Bankruptcy law has a language of its own, making it challenging to navigate the process for everyone involved, including for the landlords of bankrupt businesses worried about missing rent payments.
Features
Stewart E. Sterk
In a set of foreclosure cases decided in late February, the Court of Appeals resolved some of the questions that have plagued New York's court system in the aftermath of last decade's mortgage crisis.
