News: Brokerage

Riegel of Rosenberg & Estis appointed to Housing Court Advisory

Deborah Riegel

Manhattan, NY Rosenberg & Estis, P.C., a real estate law firm, made known that member Deborah Riegel has been appointed to the Housing Court Advisory Council by the New York State Unified Court System.

Riegel will serve as one of two landlord representatives on the Advisory Council for the Housing Part of the Civil Court of the City of New York for a three-year term ending in March 2028.

Governed by NYS statutes, the Advisory Council recommends individuals for appointment to preside as New York Housing Court judges and annually reviews and reports on the functioning of the Housing Part 1. The announcement was made by Hon. Joseph Zayas, chief administrative judge of the New York State Unified Court System.

Riegel said, “I am humbled by the trust judge Zayas has placed in me and look forward to being of service. Housing Court is more critical than ever in providing both owners and tenants an expert forum in which to reach an expeditious resolution of their disputes. I look forward to working with the Council to enhance and support the Court’s important legacy.”

Over a nearly 30-year career, Riegel has become one of New York’s most accomplished real estate advisors and litigators and a trusted source to the city’s leading property owners, operators and investors. She has secured some of the most significant court decisions that have impacted the New York housing sector and won numerous precedent-setting decisions with far-reaching effects on the city and its residents.

Riegel argued before the New York State Court of Appeals in Regina Metropolitan and defeated the retroactive implementation of the controversial Housing Stability and Tenant Protection Act (HSTPA) of 2019. Her role in negating its retroactive application in pending and future rent overcharge cases directly saved city landlords from millions of dollars in liability rent overcharge had HSTPA been retroactively applied. This also protected landlords from potentially catastrophic underwriting and liability exposure.

She also played a prominent role in challenging the Emergency Rental Assistance Program (ERAP) that delayed landlords’ efforts to advance eviction cases, which ground to a halt during the COVID pandemic.

In a letter announcing Riegel’s appointment, Judge Zayas wrote, “I know that with your background and experience, you will make a significant contribution to the Advisory Council’s excellent record of recommending candidates of the highest quality for appointment and ensuring that we maintain a highly qualified housing Court bench.”

MORE FROM Brokerage

REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced