Real Estate

ROSENBERG & ESTIS, P.C. VICTORY FOR MANHATTAN PROPERTY OWNER ESTABLISHES THAT THE NEW YORK CITY TRANSIT AUTHORITY CAN WAIVE COVENANTS IN ITS FAVOR THAT RUN WITH THE LAND

On February 21, 2019, the Appellate Division, First Department, unanimously held that the New York City Transit Authority (“NYCTA”) can waive and/or abandon covenants in its favour that run with the land. Nicholas Kamillatos and Jeffrey Turkel of Rosenberg & Estis, P.C. successfully represented the landlord in New York City Transit Authority v 4761 Broadway Associates, […]

Michael E. LefkowitzManaging Member, Rosenberg & Estis, P.C.

Insulating Your Company from the Fallout of a Partner’s Divorce

Business partners often fail to recognize that their business ownership interest is also a marital asset that will be valued and divided in a divorce.  “When someone has an ownership interest, it will be appraised by experts and divided in the final divorce judgment,” says Katie Arthurs, a principal at McCarthy, Lebit, Crystal & Liffman Co., […]

Kenneth B. LiffmanChairman of the Board and President, McCarthy, Lebit, Crystal & Liffman Co., LPA

Understanding the Capital Stack in an M&A Transaction

In any M&A deal, it is imperative that both sellers and buyers understand the different layers of financing or capital stack, that can go into funding an acquisition. There are a number of ways to structure a deal, whether through equity financing, debt financing, cash or a combination of financing vehicles.One strategy to consider is […]

Kenneth B. LiffmanChairman of the Board and President, McCarthy, Lebit, Crystal & Liffman Co., LPA

ZEUS Newsletter – January 2019

ZEUS publishes newsletter every month.  It has snippets about the latest developments in Real Estate as well as General Corporate Areas.  It also encompasses any latest landmark / important Judgement pronounced by the court. ZEUS Newsletter – January 2019

Office Leases – Romanian Market Standards

Romanian Market Standards Trends & Standards – Acting on behalf of landlords and tenants in hundreds of leases over more than ten years, we were given the opportunity to watch the Romanian office leases market evolve and its trends crystalize into standards. Below a brief summary of what’s market practice in 2019. Before Moving In  A positive […]

How to capitalize on Cleveland’s commercial real estate market

Commercial real estate deal-making has been on the rise in the U.S. As tier one markets tighten, greater attention is being paid to secondary markets, such as the Greater Cleveland area, and even tertiary markets like the Greater Akron area.  Buyers, sellers and even landlords are in a position to benefit as the buying frenzy […]

Kenneth B. LiffmanChairman of the Board and President, McCarthy, Lebit, Crystal & Liffman Co., LPA

DHCR J-51 BUILDING HIT LIST

On Friday, February 1st, DHCR published a list of multifamily properties which the agency claims are, or have been, receiving J-51 real estate tax benefits, but are not properly registered on DHCR’s rent-stabilized apartment database (click here for the DHCR website). One of the effects of Roberts v. Tishman Speyer Properties, L. P. was the requirement […]

Michael E. LefkowitzManaging Member, Rosenberg & Estis, P.C.