“421-a: Wage Issues” Webinar (Part 1 of 3)

Daniel M. Bernstein, Member and Leader of R&E’s Tax Incentives & Affordable Housing Department, and Michael T. Carr, Member, presented a “421-a: Wage Issues” Webinar (Part 1 of 3), focusing on wage obligations (prevailing wage obligations for building service employees and construction wage requirements). Many thanks to Daniel and Michael for their preparation and insight on this timely and important topic for owners, developers and counsel alike – and thanks to our legal team for joining us in-person and to our clients who attended virtually. Parts 2 and 3 (March 15 and 22) of Daniel’s 421-a webinar series will focus on affordability, rent stabilization, deregulation and recent litigations. We will send more details along with an invitation to register in the New Year.

2022 North American Construction Law Symposium IV

Charles R. Pierce, Jr., Member & Head of R&E’s Construction Law Department, was a speaker at the Construction Lawyers Society of America’s 2022 North American Construction Law Symposium IV. His presentation, “The Price Still Isn’t Right: Strategies for Price Escalation in Construction,” addressed a range of challenges in today’s construction industry, including worldwide shortages of materials and supplies and increasing pressure on owners to deliver projects on budget.

Public Hearing (Local Law 18) – Mayor’s Office of Special Enforcement

Adam Lindenbaum was invited to speak at a Public Hearing held by the Mayor’s Office of Special Enforcement addressing Local Law 18, a law that will tighten restrictions on the short-term residential rental market in an attempt to restore NYC’s stock of affordable housing to permanent residents. While expressing concerns of landlords, owners and long-term residents who have endured negative consequences of short-term rental platforms like Airbnb and VRBO, Adam voiced support of LL18 as a potential solution for curbing tenant abuses of short rental activity. Adam remains at the forefront of all developments related to LL18.

Bisnow’s NYC State of the Market

R&E Member Arielle Frost moderated the fourth panel, “Filling the Capital Stack: Creative Joint Ventures to Close Deals,” at Bisnow’s NYC State of the Market event on November 15, 2022. The panel addressed how increasingly creative uses and structuring of joint ventures are trending in today’s state of the market, particularly in light of the decrease in financing available from traditional lenders. Arielle, who specializes in joint venture transactions, discussed how different preferred equity structures are being implemented, the increased use of co-GP and co-Sponsor joint ventures, and how exit strategies and dispute resolution mechanisms are currently being addressed in joint ventures. The panel also discussed the various ways in which today’s state of the market has caused developers and investors to shift their investment strategies, including changes in capital sourcing, the asset classes they are pursuing, and even their target geographical area for new projects.

2022 Super Lawyers

SUPER LAWYERS: Luise A. Barrack, William Byers Jr., Jason R. Davidson, Norman Flitt, John D. Giampolo, Dennis I. Hellman, Robert M. Kessler, Howard W. Kingsley, Mark S. Lafayette, Michael E. Lefkowitz, Adam J. Lindenbaum, Alexander Lycoyannis, Eric S. Orenstein, Deborah E. Riegel, Gary M. Rosenberg, Adam R. Sanders, Blaine Z. Schwadel, Bradley S. Silverbush, Richard L. Sussman, Brett B. Theis and Jeffrey Turkel. RISING STARS: Elizabeth M. Brown, Ethan R. Cohen, Casey E. Delaney, Brendan Derr, Alex Estis, Jeanine Floyd, David A. Fries, Arielle Frost, Peter B. Kane, Dejan Kezunovic, Benjamin Z. Koblentz, Cori A. Rosen, Zachary J. Rothken, Anthony J. Virga and Justin S. Weitzman

AV Preeminent Rated Lawyers

Luise A. Barrack, Michael T. Carr, Jason R. Davidson, Norman Flitt, Jonathan S. Hacker, Dennis I. Hellman, Robert M. Kessler, Howard W. Kingsley, Adam Lindenbaum, Alexander Lycoyannis, Eric S. Orenstein, Michael A. Pensabene, Gary M. Rosenberg, Adam R. Sanders, Bradley S. Silverbush, Richard L. Sussman, Jeffrey Turkel

Rosenberg & Estis, P.C. is CLE accredited and is a proud supporter and affiliate of these fine organizations