THE FUTURE OF LOWER MANHATTAN
2015 has been a banner year for lower Manhattan: the retail is more diverse than ever before and exciting projects are continuing to go up. With Downtown shedding its former commuter feel faster than the 4 train, it’s the perfect time to talk about the future of the neighborhood that hosts some of NYC’s most impressive skyscrapers, biggest tenants and best transportation. On December 10, 2015, Moderator Michael Pensabene and all-star panelists met at the beautiful 180 Maiden Lane for a discussion on the key issues that lay ahead for lower Manhattan.
6TH ANNUAL CONSTRUCTION & DEVELOPMENT UPDATE
In a city where space is at a minimum and costs are at a premium, developing new space can often mean thinking outside of the box. Richard Sussman dazzled the crowd as moderator at the Bisnow event which was held at the New World Stages on November 18th. He was joined in lively conversations with innovative panelists as they talked about everything from virtual design and construction to the strategies that are keeping office space competitive in the long run.
New York City Real Estate Leonard Litwin
Tree of Life TM Award Dinner
Members from Rosenberg & Estis, P.C. were pleased to attend the Jewish National Fund’s Tree of Life Award Ceremony on November 3, 2015.
Warm congratulations to Shari and Offer Yardeni Tree of Life TM Award recipients and Jessica Levine, recipient of the Gregory A. Davis Leadership Award.
Real Estate Development in NYC: From Procuring to Financing
Featuring Michael E. Lefkowitz and Eric Orenstein – November 2, 2015 at Cardozo Law School, Jacobs Burns Moot Court Room from 6:30pm – 8:30pm
Michael E. Lefkowitz and Eric Orenstein, members of law firm Rosenberg & Estis, P.C., were featured speakers at Cardozo Law School and lead discussions on financing as it related to real estate development. The presentation was worth 2 CLE credits.
Nicholas Kamillatos Discussed ‘Rent Act of 2015’ at Meeting of Small Property Owners of New York
Featuring Nicholas Kamillatos – October 21, 2015 at the Metropolitan Republican Club
Nicholas Kamillatos, member, of law firm Rosenberg & Estis, P.C., was a featured speaker in a panel discussion at a meeting of the Small Property Owners of New York. The October 21, 2015, seminar, titled “The Rent Act of 2015,” addressed recent changes to the Rent Stabilization and Rent Control statues after the measure was signed into law in June by Gov. Andrew Cuomo.
Please click the links below for copies of the overview and handouts which were distributed at the seminar.
Reasonable Accommodations for Animals in Housing
Featuring Bradley S. Silverbush – October 15, 2015 at Debevoise & Plimpton LLP
Bradley discussed a variety of issues relating to reasonable accommodation requests involving animals in residential buildings (public, private, condo, and cooperative units). Everything from what the City, State, and Federal laws require, to what owners and boards can and can’t do, and what they should do to insulate themselves from potential liability.
Blaine Schwadel and Jeffrey Turkel of Rosenberg & Estis, P.C. discussed the changes in the Rent Act of 2015 which extended the rent laws until 2019
October 1, 2015 – Jeffrey Turkel – Rent Stabilization Association in conjunction with the New York County Lawyers Association
September 29, 2015 – Blaine Schwadel – Rent Stabilization Association in conjunction with the New York County Lawyers Association
September 23, 2015 – Blaine Schwadel – Real Estate Board of New York (REBNY)
September 10, 2015 – Blaine Schwadel – Community Housing Improvement Program (CHIP)
The discussions centered on the changes in the Rent Act of 2015 which extended the rent laws until 2019. The recent amendments increased the threshold for high rent vacancy, high income/high rent deregulation, added indexing to these deregulation thresholds, and modified the vacancy allowances permitted for apartments leased with a preferential rent. Also addressed were the changes in the language of the statute which has created confusion about whether an owner can include legally permitted increases to the legal rent subsequent to vacancy in order to bring the rent of the vacant apartment above the deregulation threshold or whether the apartment had to be above the legal deregulation threshold prior to vacancy for the apartment to be deregulated.
June 17, 2015
Rosenberg & Estis members Larry Mergentime, Eric Orenstein, and Deborah Riegel were in attendance along with fellow captains of the NYC real estate industry at the annual Young Jewish Professionals Founders gala. Also on hand were many clients of Rosenberg & Estis P.C. including HAP Investments, Justin Ehrlich of VE Equites, and Ziel Feldman of HFZ Capital Group.
The Young Jewish Professionals organization is a group focused on improving and expanding the social and professional lives of young Jewish professionals. The YJP provides business networking, mentoring sessions and social opportunities for the new generation of Jewish business leaders.
Rosenberg & Estis P.C. is honored to be working with the YJP.
June 8, 2015
A veritable who’s who of the NYC real estate community attended the annual gala for chashama. Since 1995 chashama has been connecting artists with temporary exhibition spaces in transitioning New York real estate. This year’s annual gala, the organizations 20th , was held in the Conde Nast Building in the Frank Gehry designed dining hall, and featured installations from over 30 artists that chashama supports.
Rosenberg & Estis P.C. attendees included Luise Barrack, Jason Davidson, Warren Estis, Robert Kessler, Michael Lefkowitz, Larry Mergentime, Blaine Schwadel and Richard Sussman.
The evening honored Barbara and Donald Tober, leaders in supporting the arts. Barbara is the Chairman Emerita of the Museum of Arts and Design and Donald is the Chairman and CEO of Sugar Foods Corporation.
(pictured left to right: Rosenberg & Estis, P.C. Members Blaine Schwadel, Luise Barrack and Jason Davidson.)
Rosenberg & Estis is proud to be a longtime supporter of chashama.
March 4, 2015
Rosenberg & Estis was thrilled to participate in Bisnow’s Brooklyn Hot Projects and Neighborhoods which was held on Wednesday, March 4, 2015 at the 40/40 Club in the Barclays Center. R&E’s member Jason Davidson was joined by leading national and local figures in real estate for a real-time look at Brooklyn’s neighborhoods.