Josh Oberman’s Post

Shareholder Timothy P. Duggan, Chair of Stark & Stark’s Eminent Domain, Condemnation and Redevelopment Group, was quoted by NPR in an article discussing a challenge to a condemnation action in Burlington County, New Jersey where the government is seeking to take private land to help a developer who wants to build a Chick-fil-A and small shopping center. Mr. Duggan recently represented a property owner in Camden County who stopped a local municipality from using New Jersey’s redevelopment laws to take private property to help a private land developer. When used in the right way, the redevelopment laws can help New Jersey, especially cities where private development has been stagnant. However, when the redevelopment laws are abused, property owners need to fight back and assemble a good group of professionals up to the task. #RedevelopmentLaw #NJRedevelopment

Northwest Philadelphia developer Ken Weinstein is seeking court permission to address the deteriorating facade of the neglected Germantown YWCA, a city-owned property that has been vacant for years. Weinstein filed an Act 135 petition against the property, aiming to become its conservator and expedite the redevelopment process. The 1915 landmark, owned by the Philadelphia Redevelopment Authority, was initially slated for redevelopment by KBK Enterprises, but concerns about the company's slow progress have prompted Weinstein's action. To read the full article, head to: https://lnkd.in/gp433zy4 For more Mid-Atlantic commercial real estate news, please follow the Philadelphia Commercial Real Estate Council. https://precouncil.org/ #CommercialRealEstate #RealEstateMarket #EconomicForecast #InterestRateIncreases #CapitalAvailability #LendingClimate #AssetClassPressures #EconomicRecession #ConstructionIndustry #RealEstateTrends #PhiladelphiaDevelopers

FHJC filed a lawsuit against Stern’s JDS Development in 2019 about accessibility violations of the Fair Housing Act at the luxury rentals located at 626 First Avenue in Murray Hill and reached a $2.9 million settlement in 2021. However, developers refused to take the renovation deadline seriously and will now face an $800,000 penalty and set up a new series of fines for each day the violations persist. Read the full article below and take a look at this article from Off Plan Property Exchange https://bit.ly/47FtTfr #fairhousing #adacompliance #housingdiscrimination #fairhousingact

How different is closing real estate deals in Philly versus NYC? 👇   4 years ago this week, I moved from my hometown Philadelphia to Manhattan. In those years I have built a New York real estate practice on top of my existing Philly practice. This post series will be my musings on the difference between the two real estate markets overall, the laws applicable to those markets, and differences in custom.    First let's start with terminology. Despite their proximity, NYC and Philly have distinct real estate and legal cultures creating different "standard" terms:   🔹 Contract of Sale v. Agreement of Sale v. Purchase and Sale Agreement.  In NYC, Contract of Sale predominates and almost all residential contracts are styled that way. Philly is usually one of the latter two terms. Colloquially, lawyers and real estate professionals say "AOS" or "PSA" but I've never heard "COS".   🔹 Purchaser v. Buyer.  NYC contracts tend to use Purchaser more, Philly seems more likely to say Buyer.   🔹 Owner v. Landlord.  At some point, some NY landlord decided that "Owner" was a better term in a lease than Landlord. REBNY - the Real Estate Board of New York, which has no Philly analogue - picked it up and put it its standard forms.   🔹 "The ___ Organization".  Among others, NYC has The Durst Organization, The Feil Organization, and The Brodsky Organization. I've never seen anyone in Philly style themselves this way.   🔹 Contin v. Bringdown v. Datedown.  This just means a refresh of a title or tax search. Contin isn't heard in the Philly market. Datedown isn't heard much in either market but may be the most self-explanatory of them all.

New York regulates everything pertaining to the owner-tenant relationship, even the cost of replacing a lost key to an apartment. Residential tenants cannot be charged more than the cost of replacing the key, plus 10%. In true New York fashion, the price control only applies for the first 3x a tenant needs a key replaced in a year. The 4th time? The law is silent. I guess you could price gouge the tenant to oblivion for their forgetfulness. #DHCR #NYResidential #Propertymanagement #LandlordTenant

Hot off the press! Westfair Business Journal reported on FLB Law's annual Real Estate Outlook. The article, featured on the inside cover of the digital publication, provides a detailed overview of the morning's roundtable discussion. Held at the M&T Ban Magnificent Room at The SoNo Collection, the Real Estate Outlook attracted over 100 attendees from various segments of the market. FLB Law Managing Partner Eric Bernheim opened the event with a powerful analogy: “If you visualize the real estate market as a rope, each strand of that rope really needs to be strong enough so that the entire market is strong. In order to have a strong residential market, you need to have retail and commercial to support that; without any one component, the other two are under that much more strain." Read more about the insights and discussions that took place! #FLBLaw #RealEstateOutlook #MediaCoverage

Hot off the press! Westfair Business Journal reported on FLB Law's annual Real Estate Outlook. The article, featured on the inside cover of the digital publication, provides a detailed overview of the morning's roundtable discussion. Held at the M&T Ban Magnificent Room at The SoNo Collection, the Real Estate Outlook attracted over 100 attendees from various segments of the market. FLB Law Managing Partner Eric Bernheim opened the event with a powerful analogy: “If you visualize the real estate market as a rope, each strand of that rope really needs to be strong enough so that the entire market is strong. In order to have a strong residential market, you need to have retail and commercial to support that; without any one component, the other two are under that much more strain." Read more about the insights and discussions that took place! #FLBLaw #RealEstateOutlook #MediaCoverage

See the latest #propertylaw guide by Tom Entwistle of LandlordZONE #landlords #lettingagents #propertymanagers #propertymanagement https://lnkd.in/gpSQhEi

Have you seen our recent blog on #stannesstreet development in #liverpool If you or anyone you know has been affected by this company or development, please get in touch with us at, investigations@insolvencyandlaw.co.uk

Did you know Manhattan had several different names? Before it came to be known as Manhattan, this iconic island had several different names. The Lenape Native Americans called it “Mannahatta,” which means “Island of Many Hills.” Later, the Dutch settlers named it “New Amsterdam” when they arrived in the 17th century. Want to learn more about the New York market? Contact Raven Property Advisors today. #NYC #NYRealEstate #ClosingthroughCOVID #multifamily #mixeduse #industrial #office #retail #development #RavenPropertyAdvisors #Raven #BrooklynRealEstate #RealEstate #follow #newyorkCRE #CRE #NYCCRE #NYCRE #commercialRE #sold #sale #investment #honesty #brooklynre #brooklyncre #brooklynny