News & Publications

Lenders are increasingly moving to take action against borrowers as the COVID-19 pandemic continues and patience wears thin, Pryor Cashman LLP's hotel practice leader told Law360 in a recent interview. Todd Soloway, who leads the firm's hotel and hospitality group, said he expects to see more litigation, as well as more restructuring, as borrowers continue to struggle to make their loan payments. Soloway, a partner in New York, works on a wide range of real estate, real estate finance and [...]

In the continuing effort by New York City to protect the privacy of New Yorkers,1 on April 29, 2021, the New York City Council passed Proposed Int. No. 1760-A, a new bill that will take effect this summer unless vetoed by the City's Mayor.  Assuming it passes into law, the "Tenant Data Privacy Act" (the "TDPA") will provide strict limitations on landlords' collection and use of certain data they gather from tenants who use keyless entry systems [...]

Most people involved in real estate have heard the phrase "caveat emptor" or "buyer beware." There are risks inherent in purchasing property: unseen structural flaws, hidden environmental contamination, and other unsuitable conditions that won't be advertised on a broker's website.  Buyers are not expected to purchase blindly—even the least sophisticated purchaser will engage in some degree of "due diligence" to learn about the asset they are hoping to acquire.  On-site inspections, appraisals, environmental testing, and [...]