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Commercial Observer & REBNY Host Historic Public Service Event Convening Top Leaders To Layout NYC S Recovery Plans News provided by Share this article NEW YORK, Feb. 4, 2021 /PRNewswire/ Commercial Observer, the premier media and information services company that informs and connects leaders in the commercial real estate industry, partnered with the Real Estate Board of New York (REBNY), New York s leading real estate advocacy and trade organization, to host a historic Celebration of Public Service event on Thursday, January 28, 2021. The event came together virtually in the midst of the pandemic to jumpstart 2021 with a discussion on the City s recovery plans. The program brought together New York s most influential business leaders and City and State officials to make one message clear: ....
To embed, copy and paste the code into your website or blog: On Nov. 24, 2020, the State of New York Court of Appeals ruled in favor of Kramer Levin client Sutton 58 Associates LLC (Sutton), an affiliate of Gamma Real Estate, in its $100 million lawsuit brought against real estate investor Philip Pilevsky, his sons and related entities. The 23-page majority opinion held that federal bankruptcy law did not preempt Sutton’s state law claims for tortious interference with contract. This landmark decision from New York’s highest court reversed a decision of the Appellate Division, First Department, which had imperiled the enforceability of “bankruptcy remote special purpose entity” loan structures and “bad boy” springing loan guarantees. The decision thus preserves these two common real estate financing tools that are crucial to many Kramer Levin clients. ....