News: Spotlight Content

2019 Year in Review: Thomas Kearns, Olshan Frome Wolosky LLP

Name: Thomas Kearns

Company: Olshan Frome Wolosky LLP

What was your greatest professional accomplishment in 2019?
2019 brought together an unusual amalgam of philanthropic and professional “giving back” opportunities. I led the Olshan delegation to the Legal Action Center’s benefit this year. I was part of the Olshan seminar for Chinese lawyers on U.S. law, hopefully making an impact on personal and business relationships between our countries. I created and chaired an in-house continuing legal education seminar on the emerging law of corporate responsibility with colleagues. I was honored to be elected to the board of the New York Landmarks Conservancy, a not-for-profit that works on behalf of New York’s architectural history and helps building owners by providing technical advice, financial aid, and education and to serve as the Conservancy’s board designee on the Historic Properties Fund, a separate not-for-profit that offers loans and project management assistance to owners of historic properties.

What was your most notable project, deal, or transaction in 2019?
I was honored to be retained as lead counsel on a $120 million refinance of a portfolio of ground leased Manhattan office buildings.

What are your predictions for commercial real estate in 2020?
New York will continue to be a center for U.S. and global business and will continue to flourish through the inevitable economic ups and downs.

MORE FROM Spotlight Content

Over half of Long Island towns vote to exceed the tax cap - Here’s how owners can respond - by Brad and Sean Cronin

When New York permanently adopted the 2% property tax cap more than a decade ago, many owners hoped it would finally end the relentless climb in tax bills. But in the last couple of years, that “cap” has started to look more like a speed bump. Property owners are seeing taxes increase even when an
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Properly serving a lien law Section 59 Demand - by Bret McCabe

Properly serving a lien law Section 59 Demand - by Bret McCabe

Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.
How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

The mayor of New York City holds significant influence over real estate policy — but not absolute legislative power. Here’s how it breaks down:

Formal Legislative Role

Limited direct lawmaking power: The NYC Council is the primary
The strategy of co-op busting in commercial real estate - by Robert Khodadadian

The strategy of co-op busting in commercial real estate - by Robert Khodadadian

In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but
Oldies but goodies:  The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Oldies but goodies: The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability