R&E’s Daniel M. Bernstein and Nicholas DiLorenzo represented Carmel Partners in its development of a major new multifamily project at 54 Crown Street, Brooklyn. The Project will contain 569 apartments including 143 permanently affordable units and has just closed...
On Thursday August 17, Mayor Eric Adams, with City Planning Director Dan Garodnick, announced the Mayor’s proposed “City of Yes for Housing Opportunity,” a major new initiative to facilitate the production of new housing. The proposal, which is part of the Mayor’s...
In this episode of Inside R&E, Adam R. Sanders, Member in R&E’s Transactional Department, discusses the state of the residential real estate market in New York City with Stephen Lascher, Sales Manager at Wells Fargo. Together they compare the pre-pandemic...
Daniel M. Bernstein moderated the “Investment Outlook: Strategies To Offset Smaller Margins On Affordable Housing” panel at Bisnow’s New York Affordable Housing Conference on Wednesday, August 23 at the state-of-the-art venue Ease Hospitality, just a few blocks south...
WeWork Warns of Bankruptcy Risk, and Analysts Claim It Will Have a Ripple Effect on the Commercial Real Estate Industry WeWork recently declared that “substantial doubt exists" about its ability to continue as a “going concern” and is at risk of bankruptcy. Analysts...
On August 3, the New York City Council approved Intro 31-C, the third iteration of its legislation to make permanent the 2020 Mayoral Emergency Order permitting City bars and restaurants to expand onto the adjoining sidewalks and streets. Intro 31-C was only...
New York City Local Law 107 of 2023 prohibits commercial landlords from knowingly leasing retail space to smoke shops that sell unlicensed marijuana, cigarette or tobacco products. While, to date, enforcement efforts have been aimed at the thousands of unlicensed...
R&E’s Litigation Group loves a little healthy competition! We hosted this year’s Litigation Night Out just a few blocks up Third Avenue at Clinton Hall, which included a great game of trivia. We are already planning for next year!
Recently we hosted Thursdays on Third (on Wednesday) to say farewell (for now) to our 2023 Summer Law Clerks! It was perfect weather and a great night overall. We were so grateful to have these law students on our legal team for the summer, and we wish them the best...
One of our favorite traditions - R&E's Annual Transaction Group Shake Shack Lunch! It's always a treat to reconnect with the team on our stunning 12th-floor terrace. Thanks to all who could join in on the fun!