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.
How rent control is playing out across the nation
Although we have written on a number of occasions about the complex effects of New York’s major rent law from this summer, other changes are taking place nationwide. Some of the 2020 presidential candidates have even made national rent controls a part of their...
Free speech issues flare up in updated NYC anti-discrimination guidelines
The city’s human rights commission published new guidelines last Friday, and eagle-eyed observers quickly noted the 29-page document included stringent, potentially unconstitutional limits on freedom of speech and expression. NYC’s human rights law prohibits...
Forever 21 and the future of commercial retail space
News of Forever 21’s bankruptcy this week marks another grim chapter in the nation’s “retail apocalypse”. On the real estate front, the store leases 12.2 million square feet nationwide at a cost of about $450 million, much of which will likely never be paid....
Deposit insurance emerges as possible alternative to security deposits
Yesterday, the New York Times discussed a growing trend in residential renting—deposit insurance. Billed as an alternative to (large) cash security deposits, this form of insurance charges a small monthly fee to tenants in exchange for paying out in the event of...
Will biotech investment help out NYC’s real estate?
One of the many interesting things discussed at this morning’s “Offense/Defense: What’s the Late-Cycle Real Estate Playbook?” event at Fordham’s Real Estate Institute was the question of New York’s biotech sector. Biotech has been one of the bright spots in the US...
Trends in NYC Real Estate—Falling net worth, rising investment?
Last week the Real Deal reported that ultra-high-net worth individuals saw their fortunes decline in the previous 18 months by a few percentage points. At the same time, NYC saw a rise in its share of these residents (defined as $30 million plus fortunes). Gathering...