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Top 2025 legal developments affecting New York’s CRE industry - by Thomas Kearns
January 27, 2026
Legislatures and regulators continued to pass laws affecting New York’s commercial real estate industry and New York courts continue to issue decisions interpreting agreements. Here are a few highlights:
A “Simple” real property tax appeal for a house went to New York’s highest appellate court -...
January 27, 2026
Real property tax assessment litigation in New York State [tax appeal, tax certiorari] is a nuanced and complex process that must comport with the requirements of state statute, court rules and case law precedent. Consequently, the state legislature took pity on home owners by creating a residential tax appeal forum known as Small Claims Assessment Review
Gowanus Marketplace and Hey Clay open at Domain Companies’ 420 Carroll in Gowanus
January 27, 2026
Brooklyn, NY According to The Domain Companies, Hey Clay, a pottery studio, and Gowanus Marketplace, a grocer, have opened at 420 Carroll, the first mixed-income building developed through the 2021 Gowanus Neighborhood Rezoning. The two businesses offer a retail environment for residents and the Gowanus neighborhood.
BWE arranges $120 million in financing for Marriott Hotels in New York City
January 13, 2026
Brooklyn, NY BWE, a national commercial and multifamily mortgage banking company, has closed two loans totaling $120 million to refinance the Residence Inn Times Square and the Courtyard
Arrow Real Estate Advisors expands team with two strategic hires
January 27, 2026
Manhattan, NY Arrow Real Estate Advisors has added Abie Horowitz as a broker and Alan Frastai as an analyst. These new hires reflect Arrow’s continued growth and commitment to providing clients with
RELPI adds Poloner as managing director, strategy
January 27, 2026
Manhattan, NY The Real Estate Limited Partner Institute (RELPI) has added Ephraim Poloner to its executive team as managing director, strategy. In this capacity, Poloner will help expand RELPI’s
Braverman Greenspun promotes Geller and Salzler to partner
January 27, 2026
Manhattan, NY Braverman Greenspun P.C. has elevated William Geller and Peter Salzler to partner. Geller has more than 30 years of experience across nearly all aspects of real estate law
Plunkett of Simone Dev. appointed to Board of the Healthcare Trustees of New York State
January 27, 2026
Bronx, NY According to Simone Development Companies, Kevin Plunkett, director of strategic initiatives, has been appointed to the Board of the Healthcare Trustees of New York State (HTNYS).
Bruehl joins Christie’s
January 27, 2026
East Hampton, NY Ed Bruehl, a leader in Hamptons luxury real estate for 19 years has joined Christie’s International Real Estate Group, and will expand the brand’s Hamptons reach and
C&W hires Manfro as managing director, NE retail investment sales
January 27, 2026
Manhattan, NY Joanna Manfro has been hired by Cushman & Wakefield as managing director, northeast retail investment sales. In this role, Manfro will focus on advancing client advisory, expanding
Castle Lanterra names Lewis chief of staff
January 27, 2026
Suffern, NY Castle Lanterra (CL) named Jenna Lewis, ACEA as chief of staff at the company, serving as right hand to CL founder and CEO Elie Rieder to provide strategic, operational and
Seruya, Sabin, Dwek, and Rogers join KSR
January 27, 2026
Manhattan, NY KSR has appointed four new senior professionals across capital markets, retail leasing, and operations. Joining the firm are Mark Seruya, senior managing director for capital markets;
Patalano rejoins Cassin & Cassin as partner
January 27, 2026
Manhattan, NY According to Cassin & Cassin LLP, Thomas Patalano has rejoined the firm as a partner. He will be based in Cassin’s New York City office.
Katz & Assocs. promotes five: Peguero, Philipps, Buchanan, Carlisle and Cusker
January 27, 2026
Manhattan, NY Katz & Associates promoted Michael Peguero, Sean Philipps, Holly Buchanan, Allan Carlisle and Ashley Cusker.
Savills promotes Spivack to executive vice president, general counsel, North America
January 27, 2026
Manhattan, NY Savills has promoted Julia Spivack to executive vice president and general counsel, North America. The global real estate advisory firm has more than 40 offices and over 1,000 employees
IREON welcomes new member representative Reyes of Galleros Robinson
January 27, 2026
Manhattan, NY IREON has added Magda Reyes as a new member representative of Galleros Robinson, CPAs. Reyes brings nearly 20 years of experience in financial leadership, public accounting, and private
IREON Insights: First Choice Mechanical launches apprenticeship program
January 27, 2026
Rosedale, NY First Choice Mechanical, Inc., an HVAC construction company based in New York, has received approval by the U.S. Department of Labor to establish official apprenticeship programs in both the
JLL arranges $16.471 million refinancing for Astral Weeks’ CIRRUS property
January 27, 2026
Brooklyn, NY Astral Weeks closed a $16.471 million refinancing for CIRRUS, the newly completed luxury multi-family rental property at 340 Lenox Rd. in Prospect Lefferts Gardens. Delivered in 2024 and and fully
CBRE secures REFI for five building portfolio consisting of 60 apartments and seven retail sites
January 27, 2026
Manhattan, NY CBRE secured a REFI loan for over $28 million for a portfolio of five residential properties totaling 60 apartments and seven retail units located in Midtown, Greenwich Village, and the
LISC NY closes const./permanent loan with Aperture for new hdqtrs.
January 27, 2026
Manhattan, NY LISC NY closed a major construction and permanent loan with Aperture to support the renovation of its new home at 380 Columbus Ave.
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