News & Insights
Read about developments including new services, practices, and professionals to better serve our clients as well as our contributions to the legal and business communities.
What will energy efficiency letter grades mean for NYC buildings?
We discussed the “green roof” requirements for New York City buildings in a recent post (November 21), but another change set to take effect next year has the potential to be even more significant, namely letter grades for energy efficiency. Similar to restaurant...
The trouble with small condos and a new billion-dollar development in the Bronx—real estate news
Disarray at 40 East 72nd Street in recent months has put a spotlight on the risks of buying into a small condo building. While there are risks associated with any type of real estate purchase, three condominium owners in this prewar building who paid $11 million each...
WeWork overhauls leasing model as French advertising mogul takes interim role
Maurice Lévy, chairman of Publicis—the world’s third largest ad agency—has assumed an interim role as chief marketing officer of WeWork as the firm unveiled a transformed business model this week. Lévy, who described the new role as an “interesting and fun” challenge...
LVMH eats Tiffany’s for breakfast in $16 billion deal
Monday marked a fresh chapter in the unfolding saga of wrenching change to prime NYC retail as Moët Hennessy—Louis Vuitton (LVMH) announced its acquisition of Tiffany & Company for $16.6 billion. As we have discussed throughout this autumn, numerous...
Litigation news—US Juries create $200 billion headache for all types of insurance companies
The Financial Times reported yesterday that the global insurance industry is facing massive new liabilities from US juries, which have been rapidly stepping up awards to plaintiffs across the board—from tainted diapers to medical malpractice to motor insurance....
Co-op legal matters—Green legislation and passing down shares
New parts of the Climate Mobilization Act went into effect last week in New York City, including an important provision mandating “sustainable roofing zones”. The provision requires all new constructions to have either a literal green roof of vegetation or solar...