Jul 24, 2024 Is It Me? When CRE Loans Get Personal By Douglas Rosner Timothy John Carter Jonathan Hayden Paige Marshall Elijah McDonnaugh +2 more... Show less Savvy commercial real estate (CRE) borrowers and lenders seeking to minimize downside exposure pay close attention to the triggers for...
Jul 23, 2024 Eyes Wide Open to Experiential Learning By Jaclyn Grodin Experiential learning can be transformative for law students who incorporate career clinics, externships, and internships as part of...
Jun 12, 2024 Commercial Real Estate Note Purchases: Lender’s Loss, Investor’s Gain By Timothy John Carter Frank Ditta Zev Gewurz Jonathan Stein Jennifer Bisgaier +2 more... Show less In this ongoing article series with Citybiz, members of the Goulston & Storrs Commercial Real Estate Workouts Group keep you up to date...
Feb 01, 2024 Lenders Seek to Avoid Creditor Violence By Timothy John Carter Pamela MacKenzie James Wallack As U.S. businesses face ongoing economic headwinds, commercial lenders are acting more aggressively to reduce their exposure to rogue...
Jan 24, 2024 WeWork Wrestles to Amend Leases as Landlords Seek Clarity on Restructuring Plan By Douglas Rosner WeWork entered bankruptcy looking to reject or amend leases that were fueling billions of dollars in losses at the flexible-workspace...
Jan 18, 2024 Thriving in 2024: Brick-and-mortar retail is back in fashion By Brendan Smith Jennifer Jones Karen O'Malley Lawrence Ferris +1 more... Show less As keen observers are already aware, reports of the “death of brick-and-mortar” retail have been greatly exaggerated. Neither the...
Jan 09, 2024 NY Courts Revisit CPLR 3213 Statute’s Applicability to “Bad Boy” Guarantees By Adam Safer Financial institutions seeking to recover on promissory notes and unconditional guarantees can often obtain quick relief from CPLR 3213,...
Jan 03, 2024 Foreclosure And Deficiency Judgments In Massachusetts And New York: Two States, Two Very Different Processes By Alexander Berger Charles Jacob III Rajinder Saini You just finished the foreclosure process but the asset securing the loan was not worth enough to recover the entire amount of the debt....
Dec 27, 2023 Keeping the Lights On: Payment of Operating Expenses After an Event of Default By Andrew Bensson Kimberly Yeager Craig Todaro When an event of default occurs under a mortgage loan, the lender’s first thought might be, “How will we get repaid?”, while the...
Dec 21, 2023 Must Lenders Negotiate Post-Borrower CRE Default? By Andrew Baldizon Charles Jacob III With rising interest rates, the economic slowdown, and an uptick in distressed real estate, commercial borrowers and lenders are...
Nov 20, 2023 CRE Short Sales Are Here for the Long Haul By Patrick Gallagher John Ratino James Shipe Jonathan Stein Lee Templin +2 more... Show less In cities across the country, “for lease” signs dot the downtown landscape. The pandemic aftermath – with employers maintaining hybrid or...
Oct 23, 2023 To deed, or not to deed: The pros and cons of a deed in lieu By Alexander Berger Trevor Hoffmann Rajinder Saini Amid soaring interest rates and the recent swell in commercial real estate loan workouts, borrowers and lenders alike are increasingly...
Oct 18, 2023 Hits to CMBS and CLOs Are Bad News for Commercial Real Estate Financing By Brian Cohen Read more from attorney Brian Cohen in this Commercial Observer article.
Oct 18, 2023 The “City of Yes” Plan: Seven Proposed Changes to Alleviate NYC’s Housing Crisis By George Evans Andrew Shaw New York City Mayor Eric Adams announced seven key features of his administration’s “City of Yes” plan in September. Designed to update...
Oct 10, 2023 Justice Kahn Reminds Litigants Of the Risk of Legal Fee Awards By Charles Jacob III Justice Francis A. Kahn III, who presides over Part 32, the Mortgage Foreclosure and Mortgage Auction Part in Supreme Court, New York...
Oct 06, 2023 What happens when lenders cannot schedule a foreclosure sale within the 90-day statutory time period? By Jonathan Hayden Charles Jacob III The uptick in commercial foreclosures, combined with the still-lingering pandemic-induced delays, has created an environment,...