Top 2024 Legal Developments Affecting New York’s Commercial Real Estate Industry

New York Real Estate Journal recently interviewed Co-Chair of Olshan’s Real Estate Law practice Thomas Kearns in an article entitled “Top 2024 Legal Developments Affecting New York’s Commercial Real Estate Industry.” In the article, Tom discusses a few legislative and regulatory highlights of 2024 that will continue to affect New York’s commercial real estate industry, including: “City of Yes,” the city’s large and complex revision to local codes to promote construction of new housing; New York’s amended LLC transparency law, a copycat statute of the federal LLC transparency statute that continues to be litigated; the National Association of Realtors’ (NAR) settlement in Missouri, which will affect the New York market as many national brokerage companies have opted into the settlement; the Good Cause Eviction Law which now governs New York City and any other jurisdictions that opt in; and the two recent decisions—one in Delaware (Gurney-Goldman v Goldman) and one in New York (Weinstein v Wallace)—that have raised doubts about the longstanding “pick your partner” principle in LLCs.