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Slowly, ever so slowly, lawyers and staff are making their way back to the office. While we all look forward to returning to normal, the normal we left in early 2020 remains elusive. Many of those who are returning, at least part-time in the office, are experiencing empty hallways, masked co-workers, and a massive volume of work.
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Applying ‘Part Performance’ In Practice
By Adam Leitman Bailey and John M. Desiderio
The doctrine of part performance can overcome the strictures of the Statute of Frauds when parties enter into unwritten business deals, or into written business deals with unwritten ancillary terms and they do not contemplate all of the possible circumstances that might arise in the course of their dealings.
Do COVID-19 Shutdown Orders Excuse Lease Guarantors?
By Stewart E. Sterk
Section 22-1005 of the New York City Administrative Code provides relief for individuals who guaranteed commercial leases when the tenant defaulted as a result of government orders issued during the early days of the COVID-19 pandemic. In recent months, however, litigation has emerged about the scope of that relief.
Law Firms Increasingly Opting for Relocations Rather than Renewals
By Jessie Yount
Law firms are increasingly opting for relocations rather than renewals, as firms look to sell talent on their unique identity and flexible approach to work.
Long Term Demand Should Shield Commercial Real Estate from Inflation Impact
By Lynn Pollack
The U.S. economy is “still strong” and will support commercial real estate space demand, though inflation will remain a multi-year headwind, forcing the Fed to tighten monetary policy. And though rising interest rates may restrain CRE transaction activity, it won’t be on a broad basis, with effects most visible in the property types and markets with the most aggressive pricing run-up over the last few years.
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