Real Estate Law & Practice June 27, 2016

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Don't Ignore Liquor License Issues in Transactions

Jennifer L. Tsyn and Sarah Lewis Belcher of Bond, Schoeneck & King write: As with many other business considerations related to the use of real property, liquor licensing issues can significantly impact real estate transactions. These items may delay, or even derail, negotiations and closings of purchase/sale contracts and leases. Read More »

Standing the Test of 'Time Is of the Essence'

Eric Rubenstein and John Chillemi of Ruskin Moscou Faltischek discuss recent decisions interpreting "time is of the essence clauses," which indicate a consistency of interpretation but with certain wrinkles of which attorneys should be aware. Read More »

Policy Change for Offerings of Out-of-State Condominiums in New York

Stuart M. Saft of Holland & Knight discusses Cooperative Policy Statement #12, which provides an exemption from the regulatory requirements governing offerings of cooperative interests in realty and is a seemingly significant departure from the NYAG's long-standing policy relating to real estate offerings, in general, and out-of-state offerings, in particular. Read More »

Paths Forward for Multifamily Properties and Conversions to Residential Use

Daniel M. Bernstein of Venable discusses opportunities for existing multifamily properties to utilize significant economic incentives for maintaining or extending the affordability of residential units or for performing certain rehabilitation or preservation construction work, and significant incentives available for the conversion of existing non-residential buildings to allow residential use. Read More »



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