Top 2017 Legal Developments Affecting NY Real Estate

New York Real Estate Journal recently published an article written by Olshan Real Estate partner Thomas Kearns entitled “Top 2017 Legal Developments Affecting NY Real Estate.” The article briefly explores several of the key developments in the laws affecting New York’s commercial real estate industry during the past year. Topics considered in the article include: the Stonehill v. Bank of the West ruling, the restricting of inducements that title insurance sales people may give to industry executives and lawyers, the amendment to New York’s Business Corporation Law requiring housing co-ops to circulate an annual report to shareholders specifying when a director may have a “substantial financial interest” in a transaction, the pending ruling of the 5 Pointz Trial, the series of court rulings concerning a landlord’s right to enforce a retail tenant’s obligation to keep its store operational, as well as the wide-ranging effects of the newly passed Tax Cuts and Jobs Act.