News & Analysis as of

New York Commercial Real Estate Market

Morrison & Foerster LLP

New York Lawmakers Approve Ban on Rent Minimum Clauses in Mortgage Loan Transactions: Bill Not Yet Signed Into Law By Governor

How much chaos might a three-sentence bill that was quietly passed by the New York State legislature sow on the real estate lending industry? Potentially plenty. On June 13, 2025, a bill passed by the New York Assembly (A....more

Herbert Smith Freehills Kramer

Rethinking real estate A US outlook - Our partners and key industry figures discuss what’s next for investment and development in...

Despite recent macroeconomic uncertainty, with regards to investment, development, and optimism for the future, New York City is in a stronger position than many seem to believe. This was the key takeaway from 'Rethinking...more

Herbert Smith Freehills Kramer

Kramer Levin Hosts Program with NYCEDC and Top CRE Executives to Discuss NYC’s Waterfront Development Potential and Promising Real...

Despite recent macroeconomic uncertainty, with regard to investment, development and optimism for the future, New York City is in a stronger position than many seem to believe. This was the key takeaway from “Rethinking Real...more

Harris Beach Murtha PLLC

Cannabis Real Estate: Gating Issues in Retail Dispensary Site Selection

New York State legalized the use, sale, and production of recreational cannabis on March 31, 2021, by way of the Marijuana Regulation and Taxation Act (MRTA). As of May 2025, New York State has issued more than 1,600 licenses...more

Cozen O'Connor

“City of Yes for Economic Opportunity” Approved by the City Council

Cozen O'Connor on

On June 6, 2024, the New York City Council approved, with modifications, the NYC Department of City Planning’s Zoning for Economic Opportunity, the second of Mayor Eric Adams’ City of Yes initiatives. The new zoning, which...more

Cole Schotz

New M-CORE Program to Incentivize Manhattan Office Renovations

Cole Schotz on

The New York City Economic Development Corporation (NYCEDC) and the New York City Industrial Development Agency (NYCIDA) have launched the Manhattan Commercial Revitalization (M-CORE) Program to incentivize owners and...more

Cole Schotz

The New York “Cost of Improvement”

Cole Schotz on

The protections that New York affords a construction lender who properly documents and files a building loan contract and its accompanying Section 22 Affidavit, each of which is discussed in earlier installments of this...more

Cole Schotz

New York’s Building Loan Contract: The Section 22 Affidavit

Cole Schotz on

In addition to the mutual exchange of promises – the borrower’s promise to build in exchange for the lender’s promise to advance loan proceeds discussed in part 3 of this series – there’s another crucial aspect to a building...more

K&L Gates LLP

Manhattan Commercial Revitalization Program (M-CORE) Launched to Transform Aging Office Buildings

K&L Gates LLP on

As many companies settle into hybrid work models, office occupancy rates in the United States have flatlined during the first half of 2023. In the Borough of Manhattan (the Borough) in New York City, upwards of 255 million...more

Farrell Fritz, P.C.

New York’s Post-Election Tax Environment For Business Owners

Farrell Fritz, P.C. on

Something Is Rotten- There’s a gray pall hanging over New York that has clouded the judgement of many politicians, and has left many of its residents feeling anxious and off-balance. No, it’s not the smoke from all the...more

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