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SEC Streamlines Procedures for Exemptive Applications Under the Investment Company Act of 1940

On July 6, the Securities and Exchange Commission (SEC or Commission) announced its long-awaited adoption of amendments (the Amendments) to Rule 0-5 (17 CFR 270.0-5) under the Investment Company Act of 1940 (the 1940 Act)...more

COVID-19: Effect on New York City Land Use and Development Issues

Kramer Levin’s Land Use Department is continuing to monitor developments with respect to COVID-19 and its impact on land use approvals, site assemblage and development, and the real estate industry in general. ...more

Changes to Signage and Seating in Privately Owned Public Spaces

The City Council recently adopted a zoning text amendment that updates public space signage and seating regulations at privately owned public spaces (POPS)....more

Citywide Mechanical Voids Text Amendment

On May 29, 2019, the City Council adopted a zoning text amendment to count certain mechanical voids as zoning floor area in residential towers. The amendment does not prohibit any mechanical space outright; instead, it...more

Special Permit Now Required for Hotels in M1 Districts; Office Restrictions Lifted in Garment Center

On Dec. 20, 2018, the City Council adopted a zoning text amendment to require a special permit for the development of a transient hotel (Use Group 5) in M1 districts. ...more

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