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[18 Dec 2013 | No Comment | ]
Class action Sandy suit stumped

A Supreme Court judge dealt a blow last week to an attempt to bring a class-action lawsuit against New York City landlords on behalf of tenants displaced by Hurricane Sandy.
In her decision, the judge expressed reservations about treating tenants in storm-affected buildings as a single group in court because every apartment is different.
“Computing damages in any way other than tenant-by-tenant runs the risk of glossing over the needs of each tenant and the individual efforts of each landlord,” the judge wrote.

Featured, Legal »

[17 Dec 2013 | No Comment | ]
Cardozo heading back to Proskauer

Global law firm Proskauer announced that New York City Corporation Counsel Michael A. Cardozo will rejoin the firm as a partner in its New York office effective January 1, 2014.

As the longest serving Corporation Counsel in New York City history, Cardozo has been a top advisor in the Bloomberg Administration since 2002 overseeing 700 lawyers.

Legal »

[17 Dec 2013 | No Comment | ]

An attorney for a group of LLC operating city gas stations has been ordered to jail for wasting a court’s time.
Unless Robert Del Gadio provides “a sincere apologyˮ to the court and the landlord, and pays $12,000 in fines and legal fees, he is facing three days behind bars.
Del Gadio was found in criminal and civil contempt after New York State Supreme Court Justice Melvin L. Schweitzer has issued two rulings in favor of landlord Getty Properties Corp. in a gas station holdover dispute.
Defendants in the case consist of 19 …

Legal, Opinion »

[19 Nov 2013 | No Comment | ]

By Corina Streekmann
Belkin Burden Wenig & Goldman LLP

 The Rent Regulation Reform Act of 1997 (RRRA) modified the class of individuals eligible for succession and eliminated nieces, nephews, aunts and uncles from among those relatives which qualify as “family members” for succession claims to rent regulated tenancies.
In a recent case, the owner brought a holdover proceeding against the niece of the tenant of record who died in 2010. The niece’s main defense was that because she notified the owner in 1992 that her uncle was moving, she was entitled to succession …

Construction & Design, Featured, Legal »

[24 Jul 2013 | No Comment | ]
FEAR OF FLOODING: Hurricane Sandy Still Dampens Lower Manhattan Real Estate

Nearly nine months later, Hurricane Sandy continues to wash away the luster of Lower Manhattan commercial real estate, according to the results of a new survey of over 100 New York commercial property executives conducted this summer by accounting firm Marks Paneth & Shron (MP&S).

“The insurance companies are the wild card here. The concern seems to stem less from the damage already done and more from the idea that it can happen again and that not enough will be done to prevent it,” saidWilliam H. Jennings, Partner-in-Charge of the Real Estate Practice at MP&S.

Editorial Supplements, Legal »

[29 Apr 2013 | No Comment | ]
It may not be too late

A recent decision by the Appellate Terms, First Department has given owners a second chance where a renewal lease offer is inadvertently made. The Rent Stabilization Code requires
owners to offer rent stabilized tenants a renewal lease between 90 and 150 days prior to the expiration of the lease. Unlike the law governing contracts in which an offer can be revoked
prior to acceptance, the courts have held that a renewal lease offer is binding once offered and cannot be revoked during the 60 day window period even if an owner comes to learn that the
tenant is not occupying the apartment as his or her primary residence.

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