Despite recent macroeconomic uncertainty, with regard to investment, development and optimism for the future, New York City is in a stronger position than many seem to believe. This was the key takeaway from “Rethinking Real...more
Kramer Levin hosted a full room of New York City real estate executives for a special event titled “NYC Economic Development Outlook: Investment Opportunities Changing the Market” at the Kramer Levin Multimedia Conference...more
Kramer Levin convened a room of real estate heavy hitters for their “The Conversion of Office to Residential: Defining NYC’s Future” event at the Kramer Levin Multimedia Conference Center in NYC on April 9....more
On Nov. 24, 2020, the State of New York Court of Appeals ruled in favor of Kramer Levin client Sutton 58 Associates LLC (Sutton), an affiliate of Gamma Real Estate, in its $100 million lawsuit brought against real estate...more
While many real estate developers are grappling with the costs of the COVID-19 pandemic, astute investors are surveying opportunities, particularly in distressed condominiums. COVID-19 has shined a spotlight on the...more
Real estate lenders and borrowers everywhere are trying to figure out what to do with properties that are either sitting vacant or underperforming pre-pandemic expectations. In New York, a number of mezzanine foreclosures...more
On March 25, the State of New York Department of Law (DOL) issued a policy memorandum temporarily modifying certain submission requirements for condominium and cooperative offering plans and amendments thereto....more
On March 25, the State of New York Department of Law (DOL) issued a policy memorandum temporarily modifying certain submission requirements for condominium and cooperative offering plans and amendments thereto. ...more