Proposed New York City Legislation Could Negatively Impact The Hotel Industry

New York City’s hotels are a critically important component of the city’s tourism and business industries. However, on July 18, 2024, 26 members of the New York City Council introduced Int. 991-2024 (Int. 991) without meeting with hotel owners and operators or making any attempt to understand the cost and complexity of owning, operating or financing hotels in the nation’s largest city. On Aug. 5, 2024, Int. 991 was modified and the number of […]

By | August 9th, 2024 ||

Commercial Real Estate Sellers: Hire Your Own Attorney!

Does a seller of commercial real estate really need an attorney? I get asked this question often, and the resounding answer is “yes!”

Often, sellers of commercial real estate assume they can rely on the buyer’s attorney or broker to represent their interests. However, it is imperative for sellers to procure their own attorney, partly due to the complex nature of such transactions. If a seller engages an attorney early in the process, the attorney […]

By | August 6th, 2024 ||

New D.C. Zoning Regulations Effective Aug. 2, 2024: What You Need To Know

The final rulemaking for District of Columbia Zoning Commission (ZC) Case No. 22-25 was published in the D.C. Register on Aug. 2, 2024, and became effective on the same date. This significant text amendment modifies the rules, practices and procedures for the ZC and the Board of Zoning Adjustment (BZA) to provide additional clarity and create consistent rules for the processing, notification and evaluation of various applications and petitions.
Key Changes
Subtitle C – General Rules:

Corrects numbering […]

By | August 4th, 2024 ||