The Bottom Line The Guaranty Law provided protection to personal guarantors of commercial leases in New York City. However, a New York federal court decided on March 31, 2023, that the Guaranty Law violates the U.S. Constitution’s Contracts Clause.Commercial landlords and tenants in New York City Continue Reading
New York Appellate Court Enforces Lease Provision Waiving Commercial Tenants’ Right to Seek Yellowstone Injunction, Strengthening Landlords’ Right to Evict
The Bottom Line Commercial tenants entering into new leases should review draft agreements carefully for explicit waivers of the right to seek Yellowstone relief and less obvious waivers of that right that are drafted more vaguely, such as provisions that:waive a tenant's right to seek Continue Reading
Davis+Gilbert Represents Tishman Speyer in Lease With Pfizer For 800,000 S.F. of Office Space in Hudson Yards
Davis+Gilbert represented long-time client and leading global real estate firm Tishman Speyer in leasing approximately 800,000 square feet of office space in The Spiral, its planned Hudson Yards District office tower, to tenant Pfizer Inc. (Pfizer), one of the world’s premier biopharmaceutical Continue Reading
Practising Law Institute’s Negotiating Commercial Leases 2017
Gerald R. Uram, Real Estate partner, will speak during two sessions at the Practising Law Institute’s Negotiating Commercial Leases conference to be held in New York on March 2-3. Session Overviews Mr. Uram will speak during a session titled "Changing Lease Forms and Negotiating Tactics in the Continue Reading