New York Real Estate Journal

2024 Ones to Watch - Innovators in CRE: Robert Ioanna, PE, LEED AP, Syska Hennessy Group - Read More here: https://hubs.la/Q02-mmN-0 #NYREJ #commercialrealestate

New York Real Estate Journal recently published an article authored by Co-Chair of Olshan Frome Wolosky LLP’s Real Estate Law practice Thomas D. Kearns entitled “Borrower Permitted to Prove Delays and Bad Faith by Lender and Servicer.” In the article, Tom uses a series of decisions in New York County Supreme Court (Newage Garden Grove LLC v. Wells Fargo Bank, N.A.) involving a California hotel to highlight the risks to lenders and their servicers when they delay negotiations over defaulted loans. “The borrower still has a long road ahead to prove the claims, and the extent of the damages if the claims are proven,” he writes, “but the case underscores the litigation risks lenders face when they delay or obstruct negotiations with borrowers.” Tom goes on to explain, “The delays seemed to trouble the court primarily due to the continued accumulation of default interest and servicing fees. As practitioners know, the accrual of default interest is a potent weapon in the hands of a lender, but courts occasionally see the injustice of extended accrual periods.” He concludes: “Parties involved in loan workouts and their counsel should review the Newage series of decisions carefully. While lenders have much power in these situations, courts will apply guardrails when they sense inequitable conduct.” #OlshanLaw #Borrowers #Lenders #LoanWorkouts #RealEstateLaw https://lnkd.in/gtH-mDcV

2024 Ones to Watch - Innovators in CRE: Sammy Chu, Edgewise Energy + Community Power Long Island - Read More here: https://hubs.la/Q02-mpFQ0 #NYREJ #commercialrealestate

Thank you New York Real Estate Journal for this great award—I’m honored to be named as an Innovator to Watch in CRE. I’m proud to represent my incredible team at Runwise, along with my co-founders Lee Hoffman and Jeffrey Carleton. Link to the piece in the comments below:

Thanks to the New York Real Estate Journal for this recognition. I'm grateful to be part of a team that helps lead the way in the evolution of #RealEstateFinance and pushes the boundaries of #innovation in legal services.

Thank you to New York Real Estate Journal for this recognition and being featured alongside other industry leaders who are re-shaping the way we do business in today's ever changing real estate market.

We are excited to share that our Founder & CEO, Robyn Reiss, has been named a 2024 Innovator in Commercial Real Estate by the New York Real Estate Journal! This prestigious recognition celebrates Robyn's unwavering commitment to innovation and leadership in a highly competitive market. Since founding Reiss Strategies, she has demonstrated a creative approach to marketing and PR for real estate professionals while crafting tailored insights-driven campaigns that amplify client success. Robyn and her team's ability to adapt and lead in today's challenging landscape continues to position Reiss Strategies as a trusted partner for our clients' growth. Congratulations Robyn! https://lnkd.in/eNVxMDPM

Extending Seyfarth’s reputation for #innovation in legal services, Dan Evans, co-chair of our #RealEstateFinance practice, was chosen as One to Watch – #Innovators in #CRE for 2024 by the New York Real Estate Journal. This select honor showcases “accomplishments, challenges, advice, and other key insights from individuals who are leading the way.” #TeamSeyfarth https://ow.ly/Xi1o50UkiMc

2024 Ones to Watch - Innovators in CRE: Gregory Sousa, Orange Bank & Trust Company - Read More here: https://hubs.la/Q02-mfvs0 #NYREJ #commercialrealestate

2024 Ones to Watch - Innovators in CRE: David Friedman, Arbor Realty Trust - Read More here: https://hubs.la/Q02-97-D0 #NYREJ #commercialrealestate