The New York City Department of Buildings announced that starting Wednesday, July 8, 2020, it would resume issuing violations and penalties of $5,000.00 per violation with the potential for a Stop Work Order for sites which do not comply with
Real Estate & Construction Law
The Real Estate & Construction Law blog published by Cole Schotz P.C. covers legal issues related to real estate transactions, construction projects, and associated financing. Topics include contract negotiation and risk allocation in construction agreements, litigation risks and dispute resolution in real estate and construction contexts, regulatory compliance, and the impact of market and economic trends on real estate investments. The blog also addresses practical concerns such as filing notices affecting property interests, labor mobility effects on multifamily housing, and evolving challenges like supply chain disruptions and public health mandates affecting construction and real estate operations. It provides insights relevant to developers, lenders, property owners, and legal practitioners in these sectors.
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NYC Resumes Full Construction as Focus Turns to Jobsite Safety and Disease Control
On Monday, June 8, 2020, unrestricted construction resumed in New York City. Even projects considered non-essential or otherwise exempted can restart. However, this does not mean that a project can simply forge ahead without thought or consideration. The State of…
New York State Gears Up To Full Construction Reopening
On May 31, 2020, following Governor Andrew Cuomo’s issuance of Executive Order 202.35 on Friday, May 26, 2020, New York’s Empire State Development (“ESD”) updated its guidelines for construction projects across the state.
Construction is a Phase One industry,…
Commercial Lease Guarantors: Newly Enacted Section of NYC Administrative Code May Provide You With Relief
As the COVID-19 (Coronavirus) pandemic continues to have devastating effects on our nation’s economy, particularly for small businesses and restaurants struggling to make ends meet and stay afloat, relief has become available for certain personal guarantors of NYC commercial leases. …
New York Court Deems A Yellowstone Application Essential
From the start of the unprecedented closure of the New York State Courts to new, “non-essential” filings until yesterday, commercial tenants had no remedy against a landlord seeking to terminate a lease as a result of a covenants or payment…
Murphy Turns Up “Dimmer Switch” And Re-Opens NJ Construction
New Jersey Governor Phil Murphy signed Executive Order #142 on Wednesday, May 13, 2020, permitting suspended non-essential construction projects to resume starting, Monday, May 18, 2020 at 6:00 a.m. In his briefing this afternoon, Governor Murphy commended the efforts and…
Tri-State Contractors Beware: Construction is Not Equal in New York, New Jersey and Connecticut
Since first issuing declarations of emergency in early March, the Governors of New York, New Jersey and Connecticut have been coordinating their COVID-19 response measures fairly closely, in recognition of the physical proximity and economic dependency of their States.
Each…
Will Unionized New York City Construction Workers be Entitled to Premium Pay Under Pending City Legislation?
As we previously blogged, the New York City Council has introduced an expansive COVID-19 relief package, which includes a proposed bill requiring large “essential businesses” to pay premiums to certain essential, non-salaried workers.
Specifically, the proposed legislation would apply…
New Jersey Housing and Mortgage Finance Agency Suspends Rent Increases For 36,000 Rental Units During COVID-19 Pandemic
Remote Notarization Takes Effect In New Jersey
A new law was recently signed by Governor Phil Murphy permitting “notarial acts” to be done remotely in New Jersey using “communication technology” during the ongoing State of Emergency in New Jersey as declared by the Governor under Executive Order…
