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Crossing the (Property) Line Part Two: Amendments to RPAPL § 881 Pass Legislature, Await Governor’s Signature

As previously outlined in an article published in a 2024 issue of the N.Y. Real Property Law Journal by Brian G. Lustbader and Katherine R. Peluso, New York City construction work almost always mandates protection of and...more

Looming Deadline for Developers - File By December 2024 Or Lose Tax Incentives

There is a new tax incentive program in New York that in essence renews the now-expired 421-a program, but developers must file right away—by December 14, 2024—to gain these benefits....more

New Law Sets Maximum Construction Contract Retainage at 5% in New York

On November 17, 2023, Governor Kathy Hochul signed a bill into law amending Sections 756-a and 756-c of the New York State Prompt Payment Act (N.Y. Gen. Bus. Law §756 (McKinney 2009)) governing restrictions on retainage and...more

Construction Industry Concerns Resulting from Dangerous Air Infiltrating into New York Region

The New York region has experienced some of the worst air quality in the world as a result of the recent Canadian wildfires that continue to rage out of control, something weather forecasters believe will become more common...more

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