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.
Amazon is changing the geography of New York City—first on roads and soon in real estate
Earlier this week, the NY Times published a rather extraordinary in-depth piece on the ways e-commerce is transforming New York City. Although we have written before about how traditional retail is feeling the pinch from companies like Amazon, this new article reveals...
Construction and sales data in NYC real estate reveal a number of bright spots
Much of our coverage of the city’s real estate market in the last few months has admittedly been glum—between disruptive new legislation, the grim march of the retail apocalypse, and some deeply discouraging top-line data on sales, it has been difficult to find a...
Boeing CEO in the hot seat and questions over when the 737 Max will fly again
Testifying to the Senate, Boeing CEO Dennis Muilenberg admitted that “we knew we made mistakes and got some things wrong” in relation to the two 737 Max air disasters. Although the firm stands by its planes and is making efforts to fix them, Muilenberg also admitted...
2019 Housing Stability and Tenant Protection Act Roundup—Adjustment pains continue
Periodically, we cover the continued fallout from New York’s major overhaul of rent laws that was passed this summer. Much of the fallout has been unintended, as the sweeping legislation contained ambiguous language that critics say was a consequence of a rushed...
Change is coming to the EB-5 Visa program—with major implications for real estate
In 1990 the United States created the EB-5 visa to attract foreign investment. In exchange for a $1 million investment (or $500,000 in less developed “targeted investment areas”) and the creation of at least 10 jobs, foreign investors could acquire legal permanent...
Softbank rescues WeWork—What Next for NYC Real Estate?
We first addressed WeWork in the context of its failed IPO more than a month ago, with an eye to the potential fallout in New York’s real estate market. It would be an understatement to say that much has transpired since then, but the subject is worth revisiting this...