Read Online Here Landlords Must Actively Protect Their Interests In A Tenant’s Bankruptcy To Maximize Recovery R&E EXCLUSIVE FEATURE STORY by John D. Giampolo February 4, 2021 As a growing number of retailers and other commercial tenants become distressed,...
Rosenberg & Estis Blog
Dressed for Distress: A Once in a Cycle Deal for the Most Strategic CRE Investors
PANEL 2: Knock Down Drag Out: Unloading Loans & Sourcing Opportunities Ahead of the Competition On January 26, 2021, John D. Giampolo moderated the second panel at Commercial Observer’s virtual event called “Dressed for Distress: A Once in a Cycle Deal for...
Recent Amendments to the 421-a Program (“Affordable New York Housing Program”)
In light of NYC's amendment of its rules for the 421-a ("Affordable New York Housing Program") property tax exemption program, effective February 6, 2021 (the "Amendments") developers, lenders and purchasers will want to be aware of some major features of the...
NYC Property Tax Update – January 2021
Dear Clients, The NYC Department of Finance released the 2021/22 tentative roll on January 15. The Tax Commission application filing deadline to protest your assessment is March 1. The assessment roll shows the largest declines in 25 years. The impact of COVID-19 on...
Rosenberg & Estis, P.C. Positions To Meet Growing Market Demand
Brings in Two New Members; Names a New Member and Promotes Five Attorneys Internally ———- For Immediate Release PRESS CONTACT: Shea Communications, LLC George Shea, Mark Faris (212) 627-5766 Rosenberg and Estis, P.C., a leading New York City real estate law firm, has...
R&E Victory at Appellate Division, First Department in Kuzmich et al v 50 Murray Street Acquisition LLC
Dear Clients, Rosenberg & Estis, P.C. recently secured a big victory for its client at the Appellate Division, First Department in Kuzmich et al v 50 Murray Street Acquisition LLC. The landmark decision represents an important part of the post-Roberts and...
NYS Real Property Tax Law Section 421-a(16) aka Affordable NY Housing Program (“421-a”) — Commencement Deadline is June 15, 2022
June 15, 2022 is the deadline for residential NYC new construction projects to commence construction in order to qualify for the 421-a property tax exemption. 421-a can provide a thirty-five (35) year partial exemption from property taxes in exchange for making at...
Guaranty Law Ruled Constitutional by Federal Court
Dear Clients, As you may know, Local Law 2020/55 affecting personal liability provisions in commercial leases, now commonly referred to as the "Guaranty Law", was among a package of laws enacted by the New York City Council in response to the COVID-19 pandemic. The...
Warning signs your business may need to consider restructuring. Act before you become a statistic.
The recent U.S. economic downturn has left many businesses, large and small, struggling to stay afloat. You may be concerned about how your company will survive and how to get it back on stronger financial footing. Operations that have worked for many years no longer...
NYC Real Estate Update: Affordable Housing & Other Opportunities in Current Market
In addition to its terrible human cost, the COVID-19 pandemic and state of emergency in NY have profoundly affected real estate and forced reconsideration of the highest and best use of properties and development sites. Owners, lenders, purchasers and other NY real...