City Program Could Streamline Brownfield Process
September 2, 2010
A new program that allows the NYC Office of Environmental Remediation to investigate some brownfields sites, oversee remediation and -- applying state DEC criteria -- advise that cleanup has been completed properly, gives developers a potentially viable option to redevelop tainted property, Louis Evans writes. He notes that the state's program -- heretofore the only game in town -- offered a relatively protracted and sluggish process and says developers would be wise at least to consider the city program.
Co-ops Can Ease the Condo Crisis
October 5, 2009
Douglas P. Heller, Erica Buckley
Globestreet.com & Real Estate New York
Erica Buckley, an assistant attorney general in the Real Estate Finance Bureau, and Douglas P. Heller, a Herrick partner specializing in all aspects of condo and co-op law with an emphasis on financing, encourage developers, sponsors and lenders on troubled condominium projects to consider converting to a co-operative ownership structure.
Cash Is King, Unless a Tenant Goes Bankrupt
Real Estate New York's Property & the Law column
Commercial property owners should consider requiring guarantor collateral -- rather than cash -- to secure a lease, because if tenant files for bankruptcy protection, the cash is subject to orders of the bankruptcy court and may not be available to the landlord, Ben Kursman writes here.
Realty Law Digest
Ongoing (since 1987)
Scott E. Mollen
New York Law Journal
Scott Mollen authors "Realty Law Digest," a weekly column appearing in the New York Law Journal
Don't play fast and loose with real estate contracts
August 13, 2008
Real Estate Weekly
Scott Mollen notes that some sellers of commercial real estate try to use dubious reasons to default buyers in rising markets -- hoping to re-trade the deal at a more robust price -- and issues cautions about that practice.
Developers Take Note!
April 24-30, 2007
Lori G. Singer
New York Real Estate Journal
Lori Singer co-authors this article on The New York Brownfield Cleanup Program's potentially lucrative tax credit programs.