The ground lessee of tax Block 248 Lot 76 in New York County and its mortgagee, the Plaintiffs, objected to the expansion of a zoning lot which included tax lots 15 and 76. The Plaintiffs had each executed a Waiver of Declaration of Zoning Lot when those tax lots 15 and 76 were combined into a single zoning lot. The Plaintiffs asserted that the...
Waiver Not a Consent to Further Expansion of Zoning Lots
Topics: CRE land zoning
Religious Status of Property Owner Considered
A survey showed that a building under construction encroached up to 3.75 inches onto the Plaintiff Church’s property. Justice Modica of the Supreme Court, Queens County, serving as an Emergency Justice, held that the encroachments were not de minimis under the circumstances. The Court issued a temporary restraining order, pending a hearing on the...
Topics: CRE trends CRE
Fraud in the Inducement
Plaintiffs sought to recover their property, alleging that they had conveyed their property to the Defendant based on the misrepresentation that the Defendant would assist them in effectuating a short sale to relieve them from a defaulted mortgage debt. The Plaintiffs asserted causes of action for deed reversion, quiet title, unjust enrichment,...
Digital Disruption in Commercial Real Estate How We Live: At Home
This is the first in a series of vignettes discussing the disruptors remaking commercial real estate – impacting how we live, work, play, invest and build.
Topics: Commercial Real Estate Commercial News CRE CRE Technology PropTech