On Dec. 5, 2025, New York Governor Kathy Hochul signed into law a set of amendments to the New York Uniform Commercial Code which create a new article, Article 12, covering a broad range of digital assets, with various associated changes to other UCC provisions.
Part One of a Two-Part ArticleToday’s commercial real estate market is in distress and has been, across a variety of asset classes, for several years. The reasons are well known. The options for the loan in distress are somewhat well known. They are becoming less mysterious day by day. These more traditional options will be described in the first installment of this article below.
Commercial insurance policyholders require nuanced approaches to protect their assets both before and after suffering a loss due to catastrophic weather. With loss severity and increased frequency of catastrophic events being a stark reality, businesses must take a closer look at all the ways they can safeguard their rights.
A New York City court ruled that landlords don’t have a process under the Real Property Actions and Proceedings Law to serve certain commercial tenants with the 14-day rent demands needed to begin repossessing a property.
Law firm leasing activity slowed in the third quarter of 2025, but boosted by continuing activity in non-major markets, year-to-date leasing in the sector was up 12% when compared with the same period in 2024, a signal that 2025 may come in as “one of the strongest years ever,” a new Cushman & Wakefield report finds.
The so-called One Big Beautiful Bill Act made a number of significant changes to the tax law. Among these was the expansion of rules governing the upfront expensing of certain depreciable property. While the changes are largely favorable to taxpayers, there are several potential traps for the unwary.
A timely and properly drafted “pre-negotiation agreement” should ensure that all discussions or draft agreements exchanged between the parties are neither enforceable prior to final execution of a settlement agreement nor admissible in any court proceeding.
This article surveys the emerging regulatory and legal AI landscape and consider steps the hospitality industry stakeholders can take to safeguard against potential exposure as they consider adopting AI tools to drive improved performance.
By giving preference to the guaranty’s release conditions and interpreting “surrender” in the guaranty to mean tenant-side relinquishment of possession and control, the court confirms that guaranty discharge can be self-executing, without the need for any landlord acknowledgment which was required under the prior prevailing authority on the subject.
Some real estate projects may file a final sales tax return in October to report sales tax on rents related to September 2025 occupancy, the final month the sales tax on commercial leases was effective. However, there are three reasons why owners of commercial real estate projects may want to consider filing sales tax returns for three more years, even if they are merely “zero” returns.
