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Owners of commercial properties sometimes find that their holdings have caught the government’s eye as potential locations for a train line, a municipal building or a public park. When a building or lot is taken through eminent domain, the value of the property often becomes a matter of dispute between the government and the owner. Was the property, in its soon-to-be former life, a rental apartment building, a building full of leased office spaces or a warehouse? What if it had the potential to become these things but was not yet developed? Could it have been more?
By Elizabeth Kluger Cooper and Zach Boroson
Market forces — such as workplace design, demographics and urbanization, capital flow and technology — are driving the growth of flexible space.
By Terrence M. Dunn
What Tenants and Landlords Should Know
There are differences between assignments of leases and collateral assignments of leases, and each has aspects that parties to these agreements should expect and look out for. Let’s discuss some of these issues.
By John R. Low-Beer
The ‘Dreikausesn’ Paradox, Other Hurdles, and Suggestions for Change
Under current New York law, even the most meritorious legal challenge to property development faces insurmountable barriers once construction starts, because absent the most egregious wrongdoing, the courts will not order demolition of completed buildings, and current law makes it virtually impossible to obtain a preliminary injunction to halt construction.
By Janice Inman
It’s Not the Money Spent, It’s the Level of Conformance