News

Multi-Housing News

Partner Danielle Ash Highlights Ground Leases in Multi-Housing News Feature

Danielle shares how ground-lease financing and sale-leaseback structures are being used in practice, drawing on real-world transactions to illustrate how sponsors are deploying capital more strategically.

Adler & Stachenfeld

Adler & Stachenfeld LLP Elevates Asher Belsky to Partner

Adler & Stachenfeld LLP announced the elevation of Asher Belsky to partner and highlights his role in the firm’s Joint Ventures, Corporate Real Estate, and Real Estate Finance practices advising clients on complex transactions.

Commercial Observer

Partner, YuhTyng Patka, Quoted in, “Key NYC Property Tax Assessment Tweak 40 Years On”

Tyng comments on the proposed adjustment to New York City’s property tax assessment appeal threshold and how an updated standard could better reflect current market conditions and the realities faced by smaller property owners.

Law360

Law360 Quotes Alvin Schein Regarding HPD's Ability to Fulfill COPA's Program Requirements

At issue is the NYC Department of Housing Preservation & Development's ("HPD") ability to manage the program under COPA with the resources it currently has; HPD would be vetting for-profit entities partnering with non-profits in the program.

Connect Media/ConnectCRE

Partners Ryan McCaffrey and Paul Schwartz Recipients of Lawyers in Real Estate Awards

Ryan McCaffrey received Connect CRE’s 2025 National Lawyers in Real Estate Award and Paul Schwartz received Connect CRE’s 2025 New York & Tri-State Lawyers in Real Estate Award.

Adler & Stachenfeld

COPA - Not Yet Law in New York City, But What You Need To Know

If voted into law, Community Opportunity to Purchase Act (“COPA”) would provide “qualified entities” the first chance to bid on multifamily properties when a landlord sells residential buildings containing three (3) or more units.

Best Law Firms/Best Lawyers

Adler & Stachenfeld Recognized As One Of The Nation's Best Law Firms for 2026

The Firm was ranked nationally and in the regional metropolitan New York area in Real Estate Law and Tax Law.

Adler & Stachenfeld LLP

City Council’s Zoning Subcommittee and Committee on Land Use Approves Jamaica Neighborhood Plan

This paves the way for a full New York City Council vote later this month. Elements of the plan include the development of 11,800 new housing units, 4,200 of which will be permanently affordable homes.

Crain's New York Business

Danielle Ash Named to Crain's New York Business 2025 '40 Under 40'

Congratulations to our partner, Danielle Ash, on her well-deserved honor of being included in this year's class of Crain's New York Business' "40 Under 40"!

Adler & Stachenfeld LLP

Update on the One Big Beautiful Bill ("OBBB") passed into law on July 4, 2025

On July 4, 2025, the One, Big, Beautiful Bill ("OBBB"), a broad spending and tax bill, was signed into law. Our Tax Practice highlights several key areas that may be of interest to real estate investors and developers.

Adler & Stachenfeld LLP

AHRA: Condo Conversions Are Back! But With a Catch.

A new law, the Affordable Housing Retention Act (“AHRA”), requires that only 15% of the units in a rental property being converted to condos need to be sold to either tenants or to non-tenant purchasers in non-eviction condo conversions.

Chambers and Partners

A&S Managing Partner, Terri Adler, Ranked in the 2025 Chambers and Partners USA Guide

Terri is one of less than 30,000 lawyers ranked in the United States. The Chambers USA guide and legal rankings cover practice areas in all 50 states, Washington, DC and at nationwide level.

Chambers and Partners

Adler & Stachenfeld named in 2025 Chambers and Partners USA Guide

The Firm was recognized within the area of Real Estate: Mainly Corporate & Finance. Chambers and Partners is the leading independent professional legal research company operating across 200 jurisdictions.

Adler & Stachenfeld LLP

New Tax Proposals Affecting Real Estate | One, Big Beautiful Bill ("OBBB")

On May 14, 2025, the House Ways & Means Committee approved an initial version of tax proposals for inclusion in the One, Big, Beautiful Bill (the “OBBB”). Here are some of the most relevant provisions that could impact real estate businesses.

Adler & Stachenfeld LLP

Adler & Stachenfeld Welcomes Six Attorneys from Seiden & Schein

Venerable real estate attorney Alvin Schein joins as partner, as well as Stacy Jacobson; Hillary Potashnick joins as senior counsel, and Efram Klipper, David Lu, and Scott Schreiber join as associates.

City Living NY

Partner Risa Letowsky Appointed to the Board of City Living NY

City Living NY is an organization dedicated to empowering youth aging out of foster care with the resources and support needed to transition successfully into adulthood.

GlobeSt.

Risa Letowsky, Co-Chair of the Leasing Practice, Honored as a Woman of Influence

Risa was recognized by GlobeSt. in the CRE Legal Counsel category among commercial real estate’s highest achievers for helping clients navigate complex issues, personally impacting the market, and significantly driving the industry to new heights.

The American College of Real Estate Lawyers (ACREL)

Terri Adler Admitted as a Fellow of The American College of Real Estate Lawyers

Congratulations Terri Adler, our Managing Partner, on her admission as a Fellow of The American College of Real Estate Lawyers. Terri was one of 47 new admissions in the class of 2025.

Adler & Stachenfeld LLP

Ryan McCaffrey Joins Real Estate Practice as a Partner

We are excited to welcome Ryan McCaffrey as the newest Real Estate Partner at Adler & Stachenfeld! Ryan joins our firm from a leading national real estate developer, where he served as its chief legal officer for more than a decade.

Adler & Stachenfeld LLP

Corporate Transparency Act (CTA) Update - U.S. Companies and U.S. Persons Exempted

The Financial Crimes Enforcement Network (FinCEN) issued an interim final rule that removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information to FinCEN under the Corporate Transparency Act (CTA).

LexisNexis Practical Guidance

Partner Michael Pollack's Article, "The Data Center Trifecta," published by LexisNexis Practical Guidance

The article addresses how proximity to abundant, low-cost, and reliable power is crucial to determining where to site a data center, how connectivity through fiber is important, and how climate factors into data center locations.

Adler & Stachenfeld LLP

Local Law 97 ("LL97") Compliance Reports Due on May 1, 2025

LL97 became law in the spring of 2019, and failure to file the Report by applicable deadlines will result in a civil penalty in an amount equal to $0.50 per gross square foot each month.

Adler & Stachenfeld

Corporate Transparency Act - Enforcement Update

On February 27, 2025, FinCEN announced that it will not issue any fines or penalties or take any other enforcement actions against any companies based on any failure to file or update beneficial ownership information (BOI) reports...

Adler & Stachenfeld LLP

Corporate Transparency Act Update: Reporting Requirements Back in Effect

FinCEN has generally extended the filing deadline for most companies to March 21, 2025. They will assess its options to further modify deadlines while prioritizing BOI reporting for those entities that pose the most significant national security risk

Adler & Stachenfeld LLP

City Planning Commission Certifies Proposed MSX District Spanning 42 Blocks

The proposed Midtown South Mixed-Use District will rezone predominately manufacturing areas to mixed-use manufacturing-residential districts that would support housing, commercial, manufacturing, and community facility uses.

Adler & Stachenfeld LLP

Corporate Transparency Act (CTA) Update

The US Supreme Court granted the government’s motion to stay a nationwide injunction against enforcement of the CTA; however, as a separate nationwide injunction remains in place, the US Department of the Treasury confirmed that reporting companies a

Bisnow

Partner YuhTyng Patka to Moderate Bisnow Financing Panel on February 27th in NYC

The panel will discuss the ideal submarkets, unit count, and other asset qualifications that make a conversion deal appealing, and the role of securing financing, navigating current tenants and underwriting rental costs.

Adler & Stachenfeld LLP

New York City Council Approves City of Yes for Housing Opportunity Plan

in a vote of 31-20, the passage of the City of Yes for Housing Opportunity plan is the most significant and historic change to the city’s zoning code since it was first adopted in 1961.

Adler & Stachenfeld LLP

City of Yes Passes the City Council Committees With Modifications

The NYC Council's Subcommittee on Zoning and Franchises and the Committee on Land Use voted on November 21, 2024 to approve Mayor Adams' City of Yes Housing Opportunity proposals with modifications.

Adler & Stachenfeld LLP

Key Real Estate Tax Policy Proposals of President-Elect Trump

Our Tax Practice recently released a news alert with ten key real estate tax policy proposals of President-elect Trump. Read our memo.

Adler & Stachenfeld LLP

New York City Re-released Its C-PACE Program Guidelines To Plug Critical Holes

New construction, major renovations and ground leased projects are C-PACE eligible, electrified buildings and other efficient improvements are exempt from the 1.0 SIR requirement, and lenders should be able to utilize the City’s tax liens.

Adler & Stachenfeld LLP

Proposed Updates for 467-m & 485-x Programs

On October 3, 2024, proposed new rules were released by the NYC Department of Housing Preservation & Development (HPD). Read the latest alerts highlighting requirements, deadlines, filing fees, and penalties.

Bisnow

Partner Ilya Leyvi Moderates Panel at Bisnow's Annual National CRE Conference

This premier conference attracts top speakers and attendees, including real estate investors, developers, owners, lenders, and equity raisers.

The Best Lawyers in America®

2025 Edition of Best Lawyers: Ones to Watch® in America Recognizes Six A&S Attorneys

Partners Danielle Ash, Matthew Carpinello, David Gardner, Jonathan Rothstein, and Associate, Asher Belsky, were named for their work in Real Estate Law, while Partner Ashley Doukas was recognized for Land Use & Zoning Law, and Real Estate Law

The Best Lawyers in America®

Seven A&S Attorneys Selected for the 2025 Edition of The Best Lawyers in America®

Founding Partner and Chairman, Bruce Stachenfeld, Managing Partner, Terri Adler, and partners Michael Kupin, Stephen Land, Eric Menkes, and Michael Pollack, as well as, Special Counsel, Caroline Zelniker, were announced on August 15th.

Vault

A&S Received 2025 Vault Rankings in Three Categories

We are proud to announce that Adler & Stachenfeld was named in the 2025 Vault Rankings as one of the Best Midsized Law Firms for Pro Bono, Formal Training, and Diversity.

GlobeSt.com

Ashley Doukas and C. Kim Le Selected by GlobeSt.com as 2024 Women of Influence Honorees

Congratulations to Partners Ashley Doukas and C. Kim Le on their selection as 2024 Women of Influence Honorees -- Ms. Doukas, as a Rising Star, and Ms. Le, in the CRE Legal Counsel categories.

The Real Deal

YuhTyng Patka Quoted by The Real Deal on NYC C-PACE Program

The Real Deal quotes partner YuhTyng Patka in a recent C-PACE article addressing NYC's struggling C-PACE program where very few loan projects have materialized due to long-standing restrictive guidelines.

GlobeSt.com

Partner Danielle Ash recognized as one of CRE's Aspiring Leaders of 2024

The honor was bestowed by GlobeSt.com recognizing the nation’s most ambitious and talented young commercial real estate professionals.

Chambers and Partners USA

Terri Adler and Stephen Land Recognized by Chambers and Partners

Managing Partner, Terri Adler, and Chair of the Tax Practice, Stephen Land, were both honored with an inclusion in the 2024 Guide of Chambers and Partners USA, a preeminent resource of leading attorneys in the nation.

Adler & Stachenfeld LLP

Partner YuhTyng Patka Provides A Summary of NYC's New Tenant Protection Law

Good Cause Evictions ("GCE") protections will expire on June 15, 2034. Learn more, including what constitutes as “good cause”, as well as any exemptions under the law.

Adler & Stachenfeld LLP

YuhTyng Patka, NYC Real Estate Tax Incentive Practice Chair, Releases 485-x Summary of Benefits Chart

The recently-announced NYS legislature-approved 485-x will eliminate the favored “Option C,” which granted a 30% break at 130% Area Median Income (AMI), and will incur several notable adjustments to the previous 421-a tax break.

Super Lawyers

Congratulations to Terri Adler, C. Kim Le and Risa Letowsky

The Top Women List recognizes lawyers who have attained a high degree of peer recognition and professional achievement. The honorees are selected through a multi-phased evaluation process and honored for their exceptional service as attorneys.

Urban Land Institute

Urban Land Institute Spring Meeting to Feature Partner YuhTyng Patka

Patka, A&S' NYC Climate Mobilization Act Task Force and PACE Financing Practice Chair, joins the “C-PACE Financing” panel, at the conference on April 11th to discuss C-PACE and alternative types of financing, challenges, etc.

Crain's New York Business

Adler & Stachenfeld selected by Crain's NY Business as a "Women-Forward Workplace"

A&S is one of only ten medium to small-sized businesses in the NYC metro area to be honored as part of their Women of Influence awards in 2024. We are proud to consistently attract and promote talented women in the field to leadership positions acros

Toigo Foundation

A&S Managing Partner, Terri Adler, to lead Distressed Real Estate presentation

Register to attend "Distressed Real Estate Investments: Assessments, Workouts, and Opportunities" during Toigo Foundation's Real Estate Intensive Open Access Webinar on Friday, March 15, at 3 PM EST.

Bisnow

Michael Kupin to Moderate Panel at Bisnow Multifamily Annual Conference on March 6

The A&S partner and Construction Practice Co-Chair and other CRE experts will discuss how to navigate zoning amidst a rush of deliveries, and targeting investments in the market.

Urban Land Institute

YuhTyng Patka To Speak at ULI New York's Young Leader Group Event

The PACE Financing Practice and NYC Climate Mobilization Act Task Force Chair will be a guest at the March 5 “Peer to Peer” event, where she will discuss the progression of LL97 and what it means for developers, builders, and operators across NYC.

Propmodo

Ashley Doukas, Chair of the Land Use & Zoning Practice, Discusses 'The City of Yes'

The new zoning initiative announced by the City of New York in the summer of 2023, is a major overhaul of the city’s zoning laws, aimed at updating antiquated rules to open up areas to more kinds of development and retail businesses.

Connect CRE

Jonathan E. Rothstein and Matthew P. Carpinello Promoted to the Partnership

We’re thrilled to announce the promotion of our very own Jonathan Rothstein and Matthew Carpinello, to the partnership within A&S’ Joint Venture (JV) and Finance Practice Groups, respectively.

Connect CRE

Connect CRE Honors Partner Kim Le as a 2023 Lawyers in Real Estate Award Recipient

A&S Partner C. Kim Le, co-chair of the Firm's Real Estate Practice Group, named in Connect CRE’s 2023 Lawyers in Real Estate Awards for the New York/Tri-state region.

Bisnow

A&S Impact Practice Co-Chair and Real Estate Partner Danielle Ash Moderates Bisnow Conference Panel

The “Multifamily Development, Investment, Zoning & Creative Incentives” panel discussed the challenges of developing multifamily properties, including affordable housing, and addressed how the lack of government incentive behind office-to-residential

Adler & Stachenfeld LLP

The Corporate Transparency Act | Effective January 1, 2024 | What You Should Know

Yield Pro Magazine

A&S Partner YuhTyng Patka Comments on New Laws Regarding Carbon Emissions of NYC Apartment Buildings

NYC Climate Mobilization Act Task Force and PACE Financing Practice Co-Chair YuhTyng Patka highlights two laws enacted by New York City, Local Law 84 and Local Law 97, with the latter requiring buildings to reduce greenhouse emissions to zero by 2050

U.S. News & World Report

Adler & Stachenfeld has been recognized by U.S. News & World Report — Best Lawyers®️ in the 2024 “Best Law Firms” rankings

Adler & Stachenfeld has been recognized by U.S. News & World Report — Best Lawyers®️ in the 2024 “Best Law Firms” rankings, earning a Tier 1 metropolitan ranking for Real Estate Law.

A&S

A&S Open House: Third-Year Law Students Welcomed

On October 12, Adler & Stachenfeld welcomed third-year law students interested in learning about the industry-leading real estate practices at the Firm. Hosted by A&S Chairman Bruce Stachenfeld and Managing Partner Terri Adler, the event included discussions led by our attorneys about their respective practices, the growth opportunities within those practices, and what it is that makes A&S so special. Thank you to our speakers, Mitchell Snow, Ilya Leyvi, Matthew Carpinello, Danielle Ash, Christopher Gorman, C. Kim Le, Risa Letowsky, Eric Menkes, and Kirk Brett. And a special thank you to all those who attended!

CoStar News

A&S Welcomes Ashley Doukas as Partner & Chair of the Land Use & Zoning Practice

Drastic changes to zoning regulations are creating both challenges and opportunities in the New York real estate market. Having a superstar talent like Ashley join A&S to lead this practice group was absolutely essential.

Greenpearl

YuhTyng Patka, NYC Tax & Incentive's Chair, Speaking at Greenpearl's Multifamily Summit

A&S NYC Real Estate Tax Incentive Practice Group Chair YuhTyng Patka will be moderating the can’t-miss panel, “We Can Build It: Office to Residential Conversion in Focus.”

Thomson Reuters

Six A&S Attorneys Selected to 2023 New York Rising Stars list by Super Lawyers

A&S is pleased to share that Partners Danielle Ash, Ilya Leyvi, and Paul M. Schwartz, Special Counsel Max Feder, and Associates David Miller and Daniel Phelan were selected for the 2023 New York Rising Stars list by Super Lawyers! Super Lawyers, part of Thomson Reuters, makes these annual selections through comprehensive research and peer review. Congratulations to our attorneys on their outstanding professional achievements!

Thomson Reuters

Twelve A&S Attorneys Selected To The 2023 New York Super Lawyers List

Exciting news! We’re proud to announce that twelve of our attorneys were selected for the 2023 New York Super Lawyers list. Each year, Super Lawyers, part of Thomson Reuters — through a multi-phased evaluation process — selects a handful of outstanding lawyers who have attained a high degree of peer recognition and professional achievement.

IMN

Terri Adler & Christopher Gorman Panelists at IMN's Distressed CRE Forum

Bisnow

Partner Ilya Leyvi to moderate panel at the National Commercial Real Estate Finance Conference

Real Estate Finance Practice Chair Ilya Leyvi moderates "Construction Financing & The Impact on Development" on September 14, 2023 in New York City

The Best Lawyers in America®

Presenting...A&S's The Best Lawyers in America®: Ones to Watch (2024 Edition)

Congratulations to Partner, Danielle Ash, Special Counsel, Max Feder, and Associates, Asher Belsky and Jonathan Rothstein on their selection to the 2024 Best Lawyers in America: Ones to Watch in Real Estate Law

The Best Lawyers in America®

The Best Lawyers in America® 2024 Edition Recognizes Six A&S Attorneys

Founding Partner and Chairman Bruce Stachenfeld, Managing Partner Terri Adler, and Partners Michael Kupin, Stephen Land, Eric Menkes, and Michael Pollack were included in the 2024 edition for Real Estate Law.

New York Law Journal

A&S Managing Partner Terri Adler honored as a "Distinguished Leader" by the New York Law Journal

Congratulations to A&S Managing Partner Terri Adler on her well-deserved recognition as a "Distinguished Leader" by the New York Law Journal - New York Legal Awards 2023.

Institutional Real Estate, Inc. Podcast

A&S Chairman Bruce Stachenfeld Featured On Institutional Real Estate Podcast

Bruce Stachenfeld engages in a robust discussion examining how investors are approaching office, the rising trend of amenitized office spaces, and the future of remote work.

Globest.com

Terri Adler Named One of GlobeSt’s 2023 Women of Influence Honorees

Congratulations are in order for A&S Managing Partner Terri Adler, who was recently recognized by GlobeSt.com — among a selection of CRE’s most prominent women — in this month’s issue of Real Estate Forum featuring GlobeSt’s 2023 Women of Influence h

Diversity in Commercial Real Estate Conference (DCRE)

A&S Managing Partner Terri Adler and Partner Danielle Ash Speak at DCRE

Join A&S Managing Partner Terri Adler and Real Estate Partner Danielle Ash as they host the masterclass “Real Estate JVs and Development” at this year’s Diversity in Commercial Real Estate Conference at Columbia University.

Bisnow

Partner, Danielle Ash, Moderates Panel at Bisnow’s National Sustainability & ESG Conference

Danielle Ash, the Co-Chair of A&S’ recently launched Impact Practice will be moderating a panel discussion on “ESG Investment: Sustainable Funds, Impact Investing & PACE Financing'' at Bisnow’s National Sustainability & ESG Conference next week.

Crain's

Terri Named to 2023 Crain's List of Notable Women In Law

A&S is thrilled to announce that Managing Partner Terri Adler has been named a Crain's New York Business Notable Women in Law for 2023! The award recognizes a cohort of 100 leading New York-based female attorneys for their professional accolades as

Bisnow

Weekend Interview: Real Estate Attorneys Tyng Patka And Danielle Ash On ESG And Their Impact Practice

Adler & Stachenfeld, a New York-based law firm that prides itself on its exclusive focus on real estate, launched an impact practice to provide counsel to developers, investors and nonprofits on mission-driven and environmental, social and corporate

Thomson Reuter's Practical Law

Mitchell Snow's REIT Checklist Featured in Thomson Reuters Practical Law

A&S Tax Partner, Mitchell Snow, identifies potential pitfalls that may cause a real estate investment trust (REIT) to lose its REIT status or be subject to penalty taxes and sets out ways to avoid or fix these problems.

Real Assets Adviser Podcast

A&S Chairman, Bruce Stachenfeld, Interviewed for Real Assets Adviser Podcast

A&S Chairman, Bruce Stachenfeld, returns to the Real Assets Adviser Podcast for a back and forth with host Mike Consol regarding the future of office. Is the office sector forever diminished by the aftermath of the COVID-19 pandemic? Or could there a

ALM's Pro Mid Market

Adler & Stachenfeld LLP Launches Impact Practice Group

New York's Adler & Stachenfeld Launches Practice For 'Impact' Investing

Bizwomen

In Her Own Words: Where the less-traveled path leads Terri Adler

In a personal essay, A&S Managing Partner Terri Adler intimately reflects on her rise to name partner, touching on the various opportunities and challenges that arose.

Law360

Adler & Stachenfeld Adds Finance Partner, Barbara Shachnow, and Tax Partner, Mitchell Snow

Adler & Stachenfeld recently announced its continued growth, welcoming Barbara J. Shachnow and Mitchell Snow, the firm’s newest Finance Practice and Tax Practice partners.

GlobeSt.com

A&S Managing Partner Terri Adler Named to 2023's Women of Influence List by GlobeSt.com

A&S Managing Partner Terri Adler was recently named in this year’s Women of Influence by GlobeSt.com. Annually, GlobeSt Real Estate Forum recognizes women in commercial real estate who have significantly impacted the market and have driven the indust

Bisnow

A&S Leasing Practice Co-Chair Eric Menkes at Bisnow's National Retail Conference

A&S Leasing Practice Co-Chair Eric Menkes moderated a panel discussion on ‘Developing and Building Retail Experiences Around Consumer Trends’ at Bisnow’s National Retail Conference in New York City on April 25th.

Event

Partner, YuhTyng Patka, Speaks On C-PACE Panel

On April 25th, Adler & Stachenfeld hosted ‘C-PACE Financing: What NYC Building Owners Should Know,’ an event presented by the Asian Real Estate Association of America (AREAA) Manhattan Chapter and the Asian Financial Society. During the discussion, the panelists shared their experience regarding energy efficiency projects and how C-PACE financing can minimize the financial burden on property owners.

New York Law School

A&S Managing Partner Terri Adler featured in the Spotlight on NYLS Alumnae

In celebration of Women’s History Month, New York Law School is recognizing the "Women in Law at NYLS and Beyond." A&S Managing Partner Terri Adler was featured in the Spotlight on NYLS Alumnae section of the New York Law School Online Magazine

Law360

Adler & Stachenfeld Adds Joseph Kornbluh as Real Estate Partner

Commercial Property Executive'

Terri Adler Featured in Commercial Property Executive's, 'Women in Real Estate'

A&S Managing Partner Terri Adler was recently featured in Commercial Property Executive's 'Women in Real Estate', which highlighted 10 female trailblazers in the commercial real estate industry. In the article, Terri recounted her professional experi

GreenPearl

Terri Adler's Keynote Interview with Founder & Managing Partner of MSquared, Alicia Glen

Thank you GreenPearl for hosting the 12th annual Real Estate Women's Forum. This year brought together more than 550 real estate executives from the U.S. and Canada for intriguing discussions on real estate market trends - including the challeng

A&S

NYC Tax & Incentives Chair, YuhTyng Patka, New NYC Property Tax Incentives White Paper

Recently New York State has introduced various legislation offering New York City property owners addressing the needs of NYC residents with new property tax incentives. Some of the new laws and proposals include: Child Care Center Tax Abatement, - e

March 9, 2023

Ilya Leyvi Named Adler & Stachenfeld Real Estate Finance Practice Chair

We’re excited to announce that Ilya Leyvi has been promoted to Chair of A&S' Real Estate Finance Practice Group. Ilya's dedication and creativity have served countless clients since he joined the firm in 2013. In his new role, he will lead A&S' entire real estate finance practice, overseeing a team of attorneys providing counsel to borrower and lender clients on various forms of financings.

The Real Deal

Partner, YuhTyng Patka, Quoted in The Real Deal

In response to the shutdown of tens of thousands of child care programs nationwide due to financial distress, New York State has enacted legislation for tax abatement awarded to landlords building child care spaces. In a recent The Real Deal art

Greenpearl

Terri Adler Will Be the Keynote Interviewer at Greenpearl's Real Estate Women's Forum

During the 12th annual Real Estate Women's Forum ("REWF"), A&S Managing Partner Terri Adler will interview Alicia Glen, Founder & Managing Partner at MSquared, in an intimate keynote conversation.
REWF celebrates women in leadership and emerging

NYU

A&S Managing Partner Terri Adler will be a featured speaker at this year’s InnovateESG conference hosted by NYU Stern Real Estate

On February 24th, InnovateESG is bringing industry leaders and experts together to discuss how new technologies have and continue to advance the real estate industry's ESG goals. Moderated by Marianna Koval, Terri will be joined by Eric Alini, Patric

Bisnow

Managing Partner, Terri Adler, Panelist at Bisnow's New York Future Forum

A&S Managing Partner Terri Adler was a panelist at the New York Future Forum event hosted by Bisnow, where she and other notable NYC commercial real estate professionals shared their insights on adaptable development strategies - including which asset classes and locations to prioritize - and how to ensure growth in the current market conditions.
Thank you Bisnow for spearheading this informative, timely discussion, and a special thank you to our moderator, Robert Knakal, and the fellow panelists, Chris Balestra, Ken Fisher, and Susi Yu, for contributing to an engaging conversation.

Commercial Observer

Finance Chair, Ilya Leyvi, Represents White Oak Real Estate Capital in $55M Construction Loan

A&S Real Estate Finance Practice Group Co-Chair Ilya Leyvi and Associate Jenna Imbrogno represented White Oak Real Estate Capital in their $55M construction loan to Slate Property Group and Avenue Realty Capital. The JV will use the loan proceeds to

Commercial Observer

Joseph Galvano Represents Metropolitan Realty Associates in $32M Refinancing

A&S Partner Joseph Galvano, along with Associate Michelle Brown, represented Angelo Gordon and Metropolitan Realty Associates LLC (MRA) in the $31.9M refinancing of three industrial buildings located in Suffolk County, New York.

Bisnow

Terri Adler Speaking at Bisnow’s New York Future Forum

A&S Managing Partner Terri Adler will be a speaker on the "Developing Buildings to Satisfy Demand: Key Locations and Asset Classes" panel at Bisnow's New York Future Forum event.
On the panel Terri, alongside other experts on New York's CRE mark

Business Wire

Managing Partner, Terri Adler, Elevated to Name Partner

After her 25 years of unparalleled legal experience in the real estate sector, we are proud to elevate Terri Adler to name partner, and begin this new chapter as Adler & Stachenfeld.

"This firm has been my professional home for the las

January 18, 2023

Duval & Stachenfeld LLP is now Adler & Stachenfeld LLP!

As our firm begins its second quarter-century, we are thrilled to announce we have changed our name to Adler & Stachenfeld LLP. The name change reflects our current leadership, and A&S will continue its commitment to providing the highest level of bu

Commercial Observer

Leasing Co-Chair Eric Menkes, Represents Savanna on 42,000SF Lease

Northwell Health recently signed a long-term lease for 42,000 SF at Savanna's One Court Square located in Long Island City, Queens.
A&S Leasing Practice Co-Chair Eric Menkes, along with a team of A&S attorneys, represented Savanna in the transac

Bisnow

Leasing Co-chair, Eric Menkes, Moderates Panel for Bisnow's Brooklyn State of the Market

A&S Leasing Practice Co-Chair Eric Menkes moderated a discussion at Bisnow's Brooklyn State of the Market event earlier this week. During the panel, CRE experts discussed the current leasing trends in the Brooklyn market and explored how it differs f

Connect CRE

Real Estate Co-chair, Chris Gorman, Receives 2022 Lawyers in Real Estate Award

Congratulations to D&S Real Estate Practice Co-Chair Christopher Gorman on this accolade from Connect Commercial Real Estate, which recognizes him for his success in real estate law and his outstanding contributions to the community.

Commercial Property Executive

Managing Partner, Terri Adler, featured in Commercial Property Executive

A&S Managing Partner Terri Adler was recently featured in a Commercial Property Executive article exploring how CRE is impacted by a "looming recession." In the article, Terri provides her insights on the distressed real estate market, including how

November 30, 2022

NYC Tax & Incentives Chair, YuhTyng Patka, Presents on Local Law 97

The New York State Bar Association is holding its annual CLE Program, Advanced Real Estate Topics. D&S NYC Real Estate Tax Incentive Practice Group Chair YuhTyng Patka will be giving a virtual lecture on New York City's Local Law 97 on Thursday, December 8.

NAIOP

Partner, Michael Pollack Writes Article Featured in NAIOP's Development Magazine

D&S Corporate Real Estate Partner Michael Pollack wrote an informative article featured in the summer issue of NAIOP's Development Magazine, highlighting the challenges of leasing in the life science industries and offering strategies to help owners manage these risks.

November 14, 2022

Real Estate Partner, Joe Galvano, Represents Metropolitan Realty Associates in the Sale of Two Properties

A&S Partner Joseph Galvano and Associates Asher Belsky and Michelle Brown represented Angelo Gordon and Metropolitan Realty Associates LLC (MRA) in the $28.3-million sale of two industrial properties in Ronkonkoma, N.Y. The acquisitions are part of M

The Real Deal

Real Estate Partner, Joe Galvano, Represents Angelo, Gordon & Co. in NYC Acquisition

A&S Partner Joseph Galvano and Real Estate Practice Group Associate Michael Attias represented Angelo Gordon, a privately-held alternative investment firm, in the acquisition of a two-story retail building located at 2250 Broadway. Angelo Gordon purc

Commercial Observer

Michael Kupin Pens Article for Commercial Observer about Supply Chain Issues

Amidst the supply chain crisis, it is crucial for contractors and owners to have clear-cut, well-thought-out construction agreements to mitigate supply chain risk.
In the Commercial Observer, D&S Real Estate Practice Group Partner Michael Kupin

U.S. News

Duval & Stachenfeld Named to U.S. News - Best Lawyers: Best Law Firms 2023

We are proud to share that Adler & Stachenfeld has been recognized nationally in the 2023 U.S. News & World Report - Best Lawyers®️ "Best Law Firms" rankings, earning a Tier 2 ranking in Real Estate Law as well as Tier 1 and Tier 2 metropolitan ranki

November 3, 2022

Land Use Chair, Robin Kramer, leads a Lorman Education Services Webinar about Development Rights

D&S Partner Robin Kramer will be leading a Lorman Education Services live webinar entitled "Development Rights: Current Trends and Legal Concerns" next Wednesday, November 9. Robin will be discussing the intricacies of air rights, the difference betw

October 25, 2022

D&S Managing Partner Terri Adler speaks on the "Advancing Women in Commercial Real Estate" panel at iGlobal Forum's ESG & DEI in Commercial Real Estate Summit

D&S Managing Partner Terri Adler spoke today on the "Advancing Women in Commercial Real Estate" panel at iGlobal Forum's ESG & DEI in Commercial Real Estate Summit alongside moderator Kayla Gross, and fellow panelists Chun Yee Y., Kelsey Harstad, and Elisabeth Troni.
The panel reflected on the progress that has been made towards achieving gender diversity and addressed ways to further equity in the industry including tackling the gender pay gap.
Thank you iGlobal Forum for providing a platform for this important and illuminating conversation!

Commercial Mortgage Alert

PACE Practice Chair, YuhTyng Patka, Featured in Commercial Mortgage Alert

D&S Pace Finance Chair YuhTyng Patka was recently featured in a Commercial Mortgage Alert article on the revival of NYC's C-PACE program. In the article, YuhTyng shares her perspective on the new C-PACE loan guidelines relating to the city's mortgage recording tax.

Crain's

HR Director, Neela Persaud, Named to Crain's New York Business 2022 Notable HR Leaders

Congratulations to Duval & Stachenfeld Director of HR and Benefits, Neela Persaud, on being honored by Crain's New York Business in this year's list of Notable HR Leaders. Neela joins a cohort of 62 honorees, being recognized for navigating their fir

October 7, 2022

Duval & Stachenfeld Celebrates 25 Years!

October 7th marked the 25th anniversary of Duval and Stachenfeld!
Over the past 25 years, Duval & Stachenfeld has grown and evolved into one of the largest and most active real estate law firms in the country. Through our commitment to provide exceptional legal services using our pure play model and our mission of helping to grow our clients' businesses, we have created a truly unique firm unmatched in our dedication to our clients.
We would like to extend a thank you to all of our attorneys and staff for being excellent representatives of Duval & Stachenfeld and for their commitment to upholding the values of our firm.
And, most importantly, we would like to thank our clients for entrusting us with their most important and complicated transactions over the past 25 years.
We are proud to be celebrating the anniversary of this remarkable law firm and look forward to celebrating for years to come!

Bisnow

NYC Tax & Incentives Chair, YuhTyng Patka, Interviewed by Bisnow

Rising interest rates and the prospect of an economic downtown have led property owners to curb spending on ESG projects in order to cut costs. A&S NYC Real Estate Tax Incentive Practice Group Chair YuhTyng Patka was featured in a recent Bisnow artic

Thomson Reuters

Five D&S Attorneys Named to Super Lawyers New York Metro Rising Stars List

D&S is proud to share that Partners Danielle Ash, Ilya Leyvi, and Paul M. Schwartz, Special Counsel Max Feder, and Associate Daniel Phelan were included on this year's New York Metro Rising Stars list.
Super Lawyers, part of Thomson Reuters, is a rating service of outstanding lawyers who have attained a high degree of peer recognition and professional achievement.
Congratulations to our attorneys on receiving recognition for their astounding work!

Thomson Reuters

Eleven D&S Attorneys Selected to the 2022 New York Metro Super Lawyers List

D&S is pleased to announce that eleven of our attorneys were selected to the 2022 New York Metro Super Lawyers list. Congratulations to:
Bruce Stachenfeld
Terri Adler
Brian Blitz
Christopher Gorman
Eric Menkes
Kirk Brett
Richard Schulman
Risa Letowsky
Robin Kramer
Stephen Land
Thomas O'Connor
Super Lawyers, part of Thomson Reuters, is a rating service of outstanding lawyers who have attained a high degree of peer recognition and professional achievement.
Congratulations to these well-deserving awardees on being recognized for their outstanding work.

September 23, 2022

New Hires at D&S!

We are excited to announce the new hires joining the Duval & Stachenfeld team! Welcome to Corporate Real Estate Partner Michael Pollack, Senior Tax Associate LaShawn Oxendine, and Talent Acquisition & Diversity Coordinator Sarah Clive.
Special welcome to our new class of first-year real estate associates - Catherine Korsh, Lauren Zapcic, Isabella Lecompte, Gabriel Bildirici, Anna Zhuravlova, Victoria Agosta, and Katherine La-Rotta, Esq. We look forward to supporting your professional growth!!

Commercial Observer

Managing Partner, Terri Adler, Profiled in the Commercial Observer

In this week's Commercial Observer, Tom Acitelli profiles D&S Managing Partner Terri Adler. Terri recounts her journey from a childhood in Utah to founding Duval & Stachenfeld and also discusses her most prominent real estate deals and advice for amb

GlobeSt.com

Real Estate Partner, Danielle Ash, Speaks to GlobeSt.com about Modern Ground Leases

Especially with rising interest rates, ground leases have become an attractive option for developers looking to finance new construction projects, enabling them to bolster their capital stack with a cash infusion from a ground lessor/capital partner.

Law.com

Real Practice Co-chair, Chris Gorman Discusses Career Path for Aspiring Attorneys with Law.com

In a Q&A with Law.com reporter Tasha Norman, D&S Real Estate Group Partner and Co-Chair Christopher Gorman discusses his career path and his best piece of advice for aspiring lawyers with hopes of becoming a partner.

August 25, 2022

Max Feder Named To Best Lawyers: Ones to Watch in America List

D&S is pleased to share Max Feder was recognized in the 2023 edition of the Best Lawyers: Ones to Watch in America™ for his excellence in Real Estate Law!
Max has been given this honor by The Best Lawyers® - the oldest and most respected peer-reviewed legal publication - after a peer-evaluation by the world's leading lawyers.
Congratulations Max!

Best Lawyers US News

Duval & Stachenfeld Honorees in The Best Lawyers In America 2023

A&S is proud to announce that five of our attorneys - Founding Partner and Chairman Bruce Stachenfeld (Real Estate Law), Managing Partner Terri Adler (Real Estate Law), and Partners Eric Menkes (Real Estate Law), Stephen Land (Tax Law), and Michael K

Multifamily Executive

D&S Team Led by Partner, Danielle Ash, Advises Montgomery Street Partners on Hudson Hotel Ground Lease

As demand for rental properties in New York City continues to increase, developers are converting existing buildings, such as hotels, into multifamily properties. D&S Real Estate Practice Group attorneys, Danielle Ash, Morgan Stevens, and Jenna Imbro

The Real Deal

Tax Chair Stephen Land Quoted in The Real Deal

Congressional discussion about eliminating the carried interest tax break is making big ripples in the real estate and private equity industries. In a recent The Real Deal article by Keith Larsen, D&S Tax Practice Chair Stephen Land predicts the impa

The Real Deal

Danielle Ash Represents Client Montgomery Street Partners in Ground Lease

A team of D&S attorneys led by Danielle Ash recently represented Montgomery Street Partners in a ground-lease deal at the Hudson Hotel. The transaction will facilitate the historic building's transformation into 438 residential units, delivering a mu

GlobeSt.com

A&S Partner and Real Estate Practice Co-Chair C. Kim Le is honored by GlobeSt.com Real Estate Forum as one of its “Women of Influence"

A&S Partner and Real Estate Practice Co-Chair C. Kim Le was recently honored by GlobeSt.com Real Estate Forum as one of its "Women of Influence." In selecting Kim, the publication highlighted her extensive experience working on complex joint ventures

The Real Estate Philosopher

A&S Chairman Bruce Stachenfeld shares his thoughts on the importance of developing a Power Niche for business success

In this month's issue of The Real Estate Philosopher, Bruce Stachenfeld shares his takeaways from a 1400-year-old company's longstanding success about the importance of developing a Power Niche for business success. Subscribe to The Real Estate Philo

The Real Deal

Partner YuhTyng Patka was featured in the June edition of The Real Deal's “In Their Words"

D&S NYC Real Estate Tax Incentive Practice Group Chair YuhTyng Patka was featured in the "In Their Words" section of the June issue of The Real Deal, highlighting her thought-provoking commentary on the real estate industry in the wake of 421a's expiration.

GlobeSt

Partners Terri Adler and Ilya Leyvi advise Faropoint on its $481-million sale of last-mile logistics buildings

An Adler & Stachenfeld team led by Terri Adler and Ilya Leyvi recently advised Faropoint on its $481-million sale of a portfolio of last-mile logistics buildings, one of the largest such transactions in the last few years. Read the full story on Glob

Adler & Stachenfeld LLP

A&S Chairman Bruce Stachenfeld releases his latest “Real Estate Philosopher” column

With rising interest rates, the potential for a recession, and the crypto market in chaos, A&S Chairman Bruce Stachenfeld recently released his latest "Real Estate Philosopher" column, sharing his predictions on the impact of all of these macro issue

Commercial Observer

A&S NYC Real Estate Tax and Incentives Practice Group Chair YuhTyng Patka and Nuveen Green Capital CEO Jessica Bailey co-author an article for the Commercial Observer exploring the benefits of C-PACE financing for CRE companies

C-PACE (Commercial Property Assessed Clean Energy) is emerging as an attractive financing solution for CRE developers. In addition to its financial advantages, C-PACE financing influences developers to "do well by doing good through implementing ener

June 18, 2022

A&S hosts a DEI SNACS & Facts Session in honor of Juneteenth, reflecting on the holiday's historical significance

In observance of Juneteenth, this week D&S hosted a DEI SNACS & Facts Session on Juneteenth, where we reflected on the historical significance of the holiday.
As we celebrate Juneteenth, we keep in mind the words of the late Congressman John Lewis, who once said, "Freedom is not a state; it is an act... Freedom is the continuous action we all must take, and each generation must do its part to create an even more fair, more just society."

Commercial Observer

Partner YuhTyng Patka discusses how the expiration of New York 421a tax abatement has impacted the investment decisions of her clients with Commercial Observer reporter Aaron Short

On June 15, the New York 421a tax abatement expired, removing a critical incentive for New York City developers. D&S NYC Real Estate Tax and Incentives Practice Group Chair YuhTyng Patka talked with Commercial Observer reporter Aaron Short on how thi

Law.com

Partner Ilya Leyvi talks with reporter Tasha Norman about his career trajectory and what is needed in order to lead a practice area

What is the key to having a successful law career? Partner and Co-Chair of A&S' Real Estate Finance Practice Group Ilya Leyvi talks with Law.com reporter Tasha Norman about his career trajectory and how - like any team sport - leading a practice area

GlobeSt.com

A&S Chairman Bruce Stachenfeld speaks with GlobeSt.com reporter Kelsi Borland to reflect on the rapid growth of Real estate crowdfunding platforms

Real estate crowdfunding platforms first emerged following the signing of the JOBS Act, but they've grown significantly in the past 18 months. A&S Chairman Bruce Stachenfeld spoke with GlobeSt.com reporter Kelsi Borland to reflect on the rapid growth

The Real Deal

Partner YuhTyng Patka recently provided counsel to developers Bushburg and The Moinian Group

D&S NYC Real Estate Tax and Incentives Practice Group Chair YuhTyng Patka recently provided counsel to developers Bushburg and The Moinian Group, enabling them to obtain Mandatory Inclusionary Housing (MIH) approvals for 2840 Atlantic Avenue in Brook

GlobeSt.com

Leasing Practice Group Co-Chairs Eric Menkes and Risa Letowsky have been selected as Influencers in Retail by GlobeSt.com.'s Real Estate Forum

Congratulations to D&S Leasing Practice Group Co-Chairs Eric Menkes and Risa Letowsky, who have been selected as Influencers in Retail by GlobeSt.com's Real Estate Forum, honoring their accomplishments as two of the country's most accomplished profes

Bisnow

Partner and Co-Chair of A&S' Leasing Practice Eric Menkes Speaks on Panel at Bisnow's National Retail Summit

Partner and Co-Chair of A&S' Leasing Practice Eric Menkes recently spoke at Bisnow's National Retail Summit on a panel discussion on creative lease deals amid the pandemic and flexible lease terms. As cited in the article about the event, Eric noted

NY Post

Partners Eric Menkes and Michael Kupin represent Global Relay in Midtown Manhattan deal

Partners Eric Menkes and Michael Kupin represented tenant Global Relay in its new 77,000 square-foot lease at 1155 Sixth Ave., a 740,000 square-foot tower in Midtown Manhattan.

Commercial Observer

Partner and Chair of the NYC Real Estate Tax and Incentives Practice Group YuhTyng Patka authors article for the Commercial Observer

Partner and Chair of the NYC Real Estate Tax and Incentives Practice Group YuhTyng Patka authored a recent article for the Commercial Observer in support of the 421a tax exemption. In the article, Tyng dives into why the 421a program is essential to

Law.com

Partner and Leasing Practice Co-Chair Eric Menkes is featured in a Law.com articleregarding the future of Big Law offices and more

Partner and Leasing Practice Co-Chair Eric Menkes was featured in a recent Law.com article by reporter Dan Packel on the future of Big Law offices and how firms can efficiently adjust to the new hybrid landscape.

Long Island Business News

Partner Joe Galvano represents Metropolitan Realty Associates and Angelo Gordon on $22-million deal

Partner Joseph Galvano and Associate Jonathan Rothstein represented Metropolitan Realty Associates and Angelo Gordon on the $22-million acquisition of 81 Spence St., a 128,000 square-foot industrial property in Bay Shore, NY.

RealCrowd

Terri Adler and Bruce Stachenfeld Panelists at RealCrowd "Why Syndicators Should pay attention to crowdfunding in 2022" Webinar

Chairman Bruce Stachenfeld and Managing Partner Terri Adler presented alongside RealCrowd CEO Adam Hooper, CCIM on a live webinar on March 16. They discussed who real estate crowdfunding is best for and why you need to start paying attention to the g

GlobeSt.com

Terri Adler Featured in GlobeSt.com's 'Pay it Forward' Column

A&S Managing Partner Terri Adler was recently featured in GlobeSt.com's "Pay It Forward" column, where she shares her experience as a woman in the CRE industry - addressing its challenges - and her role as an advocate for women and underrepresented g

Wealth Management

Partner Paul Schwartz Featured in Wealth Management Real Estate Article

Partner Paul M. Schwartz was featured in a recent Wealth Management Real Estate (WMRE) article by reporter Beth Mattson-Teig on increased competition among equity investors for a place in JV deals.

City & State

Terri Adler Named to City & State NY Law Power 100 List

We are excited to share that our Managing Partner Terri Adler has been named to the City & State NY Law Power 100 List, honoring her accomplishments as one of New York's most influential and prominent legal leaders.

Multifamily Investing Academy

Chairman Bruce Stachenfeld is Featured on the Multifamily Investing Podcast

Chairman Bruce Stachenfeld was recently featured on the Multifamily Investing podcast with host Charles Dobens, discussing how to creatively and effectively source capital for commercial real estate deals.

March 8, 2022

Celebrating International Women's Day

On #InternationalWomensDay, we proudly honor the accomplishments and contributions of contemporary and historical women - including the courageous female trailblazers who have paved the way in law. We are also continuing our tradition of highlighting and supporting a charitable organization for women this year with Her Justice. Her Justice stands with women living in poverty in New York City by recruiting and mentoring volunteer lawyers to provide free legal help to address individual and systemic legal barriers.

Lexis Practice Advisors

Partner, Brian Blitz, and Associate, Rayelle Washington, Pen Article for LPA Discussing FinCEN Issues Proposed New Rules

In a recent LexisNexis Practical Guidance article, Partner Brian Blitz and Real Estate Associate Rayelle Washington discuss the Department of the Treasury's Financial Crimes Enforcement Network's (FinCEN) proposed regulations to implement the benefic

NYREJ

Partner Joseph Galvano Represents Metropolitan Realty Associates on Refinancing

Partner Joseph Galvano and Associate Matthew Carpinello served as counsel for Metropolitan Realty Associates and Angelo Gordon on the $19 million refinancing of a newly renovated two-story retail property in Nanuet, NY by IDB Bank.

Lexis Practice Advisors

NYC Real Estate Tax and Incentives Practice Group Chair YuhTyng Patka authored a recent LexisNexis Practical Guidance article on the NYC Mandatory Inclusionary Housing program

NYC Real Estate Tax and Incentives Practice Group Chair YuhTyng Patka authored a recent LexisNexis Practical Guidance article on the NYC Mandatory Inclusionary Housing program, explaining the ins and outs of the program and the application process fo

Commercial Property Executive

Partner, Joseph Galvano, Represented Angelo, Gordon & Co. & White Oak Realty on Chicago Office Tower Sale

Partner Joseph Galvano and Associate Michelle Brown recently served as counsel for Angelo Gordon and White Oak Realty on the $130-million sale of 200 W. Jackson, a Chicago office tower, to Nightingale Properties.

GlobeSt.com

Partner, Danielle Ash, Speaks on Ground Leases with GlobeSt.com

Partner Danielle Ash was featured in a recent GlobeSt.com article by reporter Kelsi Maree Borland, explaining how construction lenders are utilizing ground leases as alternative capital to help fund new developments and de-risk their deals.

January 20, 2022

Duval & Stachenfeld's 2021 "Year in Review"

2021 was an incredible year for Duval & Stachenfeld, and we are proud to celebrate the many accomplishments of our attorneys. Over the course of the year, our strategies evolved to support our diverse roster of clients, we remained on the cutting

Bisnow

Partner and Chair of D&S' NYC Real Estate Tax and Incentives Practice YuhTyng Patka Featured in Bisnow

Partner and Chair of D&S' NYC Real Estate Tax and Incentives Practice YuhTyng Patka was featured in reporter @Miriam Hall's recent Bisnow article, where she offered her positive take on Governor Hochul's new affordable housing proposal.

Commercial Property Executive

Partner and Co-Chair of the Adler & Stachenfeld Leasing Practice Group Eric Menkes featured in Commercial Property Executive

Partner and Co-Chair of the Adler & Stachenfeld Leasing Practice Group Eric Menkes was featured in a recent Commercial Property Executive story on the current leasing landscape. In the article, reporter IvyLee Rosario quotes Eric and other experts on

Commercial Observer

Finance Practice Co-chair, Ilya Leyvi, represents White Oak Realty in $53-million bridge loan

D&S Partner and Finance Practice Co-chair Ilya Leyvi recently represented White Oak Realty in their $53-million bridge loan to Townhouse Management.

Mann Report

Adler & Stachenfeld Announces Max Feder Promoted to Special Counsel

A&S is pleased to announce that Max Feder has been promoted to Special Counsel. In eight years at the firm, Max has distinguished himself by carving out a special niche regularly representing sponsors and investors in connection with al

ROI-NJ

Partner and Co-Chair of A&S' PACE Financing Practice YuhTyng Patka featured in a recent article on C-PACE in New Jersey

Partner and Co-Chair of A&S' PACE Financing Practice YuhTyng Patka was featured in a recent article on C-PACE in New Jersey by ROI-NJ reporter Brett Johnson.
The article discusses how the C-PACE financing program has expanded to New Jersey, and

New York Post

Leasing Practice Group Co-Chair Eric Menkes leads A&S team in structuring a lease with British luxury carmaker Aston Martin

Leasing Practice Group Co-Chair Eric Menkes recently led a A&S team in structuring a lease with British luxury carmaker Aston Martin for its first-ever Manhattan showroom. The showroom will be located at 450 Park Ave., and will feature million-dollar

Crain's

Managing Partner, Terri Adler, Named to Crain's 2022 Notable Women in Law

Congratulations to Managing Partner Terri Adler on her latest accolade as a recipient of Crain's New York Business's 2022 Notable Women in Law Awards! One of the most accomplished real estate attorneys in the city, Terri is continually recognized as

IREI

Chairman, Bruce Stachenfeld, featured on IREI Podcast

Our founding Partner and Chairman Bruce Stachenfeld recently spoke with Mike Consol on IREI's podcast for an Author Spotlight discussing Bruce's latest book, "The Real Estate Philosopher's Guide: The Secrets to Real Estate Success." In the conversati

Connect Media

Terri Adler Named to Connect Media's 2021 Lawyers in Real Estate Awards List

Congratulations to Managing Partner Terri Adler, a deserving recipient of the Connect Commercial Real Estate 2021 Lawyers in Real Estate Awards! Terri joins a group of highly skilled and accomplished professionals driving change and innovation in the

Bisnow

NYC Tax & Incentives Chair, YuhTYng Patka, Quoted in Bisnow

Tyng, was quoted in the article, "Uncertainty Over Affordable New York Abatement Reverberating Through Investment Sales Market."

New York Post

Leasing Co-Chair, Eric Menkes, Facilitates Leases at Industry City

Eric Menkes of D&S facilitated recent deals in Brooklyn's Industry City, working to bring in tenants Porsche Cars North America, Volvo Group, and Union Square Hospitality Group to the space. As mentioned in a recent&n

The Real Deal

Chairman, Bruce Stachenfeld, Featured in The Real Deal's prominent column, "The Closing"

Congratulations to our founder and chairman Bruce Stachenfeld on being featured in "The Closing" in the latest issue of The Real Deal!
Bruce joins a long line of NYC real estate titans profiled in The Closing, which explores the lives and career

Bisnow

Managing Partner, Terri Adler Quoted in Bisnow Ground Lease Article, "Ground Leases Are Becoming A Popular Finance Tool, And Big Players Are Jumping Into The Space"

Managing Partner Terri Adler was featured in a recent article on ground leases by Bisnow reporter Brian Rogal.
The article explains how ground leases are rising in popularity nationwide as developers work to put deals together despite rising bor

U.S. News

D&S Listed in Best Lawyers "Best Law Firms" 2022 Edition

We are honored to announce our rankings in Best Lawyers "Best Law Firms" 2022 edition, which recognizes Duval & Stachenfeld's local and national expertise in real estate and tax law.
Best Lawyers is the oldest and most respected peer-review publication in the legal profession, with rankings compiled by conducting exhaustive peer-review surveys in which tens of thousands of leading lawyers confidentially evaluate their professional peers.

November 11, 2021

Partner, Joseph Galvano leads A&S Team in Representing Angelo, Gordon & Co. in Joint Venture

Partner Joseph Galvano recently led a A&S team representing Angelo Gordon in structuring a joint-venture partnership for the development of the Alloy Sunnyside development in Denver, a 209-unit multifamily property with 2,400 square feet of retail sp

Thomson Reuters

Four A&S Attorneys Named to 2021 New York Metro Super Lawyers Rising Stars List

We are proud to announce the selection of four of our attorneys to the 2021 New York Metro Super Lawyers Rising Stars list. Congratulations to:
Danielle Ash
Ilya Leyvi
Max Feder
Paul M. Schwartz
Super Lawyers, part of Thomson Reuters, is a research-driven, peer-influenced rating service of outstanding lawyers who have attained a high degree of peer recognition and professional achievement.

Thompson Reuters

Nine A&S Attorneys Named to 2021 New York Metro Super Lawyers List

We are proud to announce the selection of nine of our attorneys to the 2021 New York Metro Super Lawyers list. Congratulations to:
Bruce Stachenfeld
Christopher Gorman
Eric Menkes
Kirk Brett
Robin Kramer
Stephen Land
Terri Adler
Thomas O'Connor
Risa Letowsky
Super Lawyers, part of Thomson Reuters, is a research-driven, peer-influenced rating service of outstanding lawyers who have attained a high degree of peer recognition and professional achievement.

Bisnow

Eric Menkes featured in Bisnow article, "Glimmers Of Hope Ahead For Downtown Retail Markets Still Struggling To Recover From Pandemic"

Leasing Practice Group Co-Chair Eric Menkes was featured in a recent Bisnow article by Dees Stribling, giving his insights on New York City's post-pandemic retail recovery.
The article dives into the gradual upswing in downtown retail markets an

November 1, 2021

Adler & Stachenfeld Steers $89-Million Disposition of 111 Washington Street to Partnership for Planned 54-Story Apartment Property

Adler & Stachenfeld LLP ("A&S"), the largest real estate-focused law firm in New York City, announced that it represented Pink Stone Capital Group in its disposition of 111 Washington Street, a development site in the Financial District, to a partner

Real Estate Investing- Live From New York

Founding Partner and Chairman Bruce Stachenfeld joined James Nelson on his "Real Estate Investing- Live From New York" podcast

Our founding Partner and Chairman Bruce Stachenfeld recently joined James Nelson on his "Real Estate Investing- Live From New York" podcast to discuss finding success in the real estate industry. In the conversation, Bruce dives into his 'Power Niche

Law.com

Ilya Leyvi Named Real Estate Finance Co-Chair

In this role, Leyvi will helm the practice group alongside Tom O'Connor, who has chaired the real estate finance practice since he joined D&S in 2014.
Currently a partner at D&S, Leyvi first joined the firm as a summer associate before joini

A&S Snippeter

Keeping 'PACE' | New York City PACE Financing Update

As you know, the New York City PACE program officially opened over the summer with its first PACE closing at 111 Wall Street. With now a second PACE loan closing under their belt, it is apparent that the NYC PACE program is picking up steam.
NYC

New York Law Journal

PACE Goes Live in New York: Watch Out for the Pot Holes

PACE Practice Co-Chairs, Thomas O'Connor and YuhTyng Patka, pen article for the New York Law Journal about the new NYC PACE legislation and it's potential 'potholes'.

October 11, 2021

Real Estate Finance Co-Chair Ilya Leyvi Leads A&S Team in Closing $28.5M Loan for White Oak Real Estate Capital

White Oak Global Advisors recently provided a $28.445 million senior secured loan to 1784 Capital Holdings, LLC for the development of a Class-A self-storage facility in the city of Goleta, California. This is WOREC's first loan since it launched in

Project REAP

Leasing Practice Co-Chair Eric Menkes Speaks at Project Reap Event

We are honored to have our Leasing Practice Group Co-Chair Eric Menkes be a part of the upcoming PROJECT REAP panel on current legal issues in #commercialrealestate. REAP academy is an introductory program covering the basics of real estate asset cla

October 6, 2021

Melissa Cifone, Michael Attias, Jenna Imbrogno and Michelle Brown Join Duval & Stachenfeld's Real Estate Group

We are so excited to announce our new class of first-year real estate associates joining Duval & Stachenfeld! Welcome to the team Melissa Cifone, Michael Attias, Jenna Imbrogno and Michelle Brown  &mda

October 5, 2021

Partner, YuhTyng Patka, Moderates Panel at Bisnow's National Real Estate Finance Summit

Our very own NYC Real Estate Tax and Incentives Practice Group Chair YuhTyng Patka is moderating at the Bisnow National Real Estate Finance Summit on Tuesday, October 5th. Tyng will be  part of the panel titled Bottomline Opt

October 5, 2021

Chairman, Bruce Stachenfeld, Publishes Second Book

Our Chairman Bruce Stachenfeld is coming out with yet another riveting, insightful book on real estate - set for hardcover release on October 5th, The Real Estate Philosopher's Guide: The Secrets to Real Estate Success takes a deep dive into exactly

October 1, 2021

Pro Bono Committee Successfully Helps Client Gain Asylum Status in Partnerships with Immigration Equality and Sanctuary for Families

We are thrilled to announce that our second #ProBono client through Immigration Equality was officially granted asylum in the United States! Our Pro Bono Committee took on this client in 2016 and has finally received notification that his a

September 30, 2021

Pro Bono Committee Partners with WHEDco to help out with their Rooftop Urban Farm in the South Bronx

Last Friday, a dedicated group of volunteers from our Pro Bono Committee partnered with WHEDco to help out with their Rooftop Urban Farm in the South Bronx. The Rooftop Urban Farm, located at Intervale Green, promotes healthy livi

Law.com

Chairman, Bruce Stachenfeld, Featured in Law.com's, "How I Started My Own Firm"

In a recent Law.com feature by Tasha Norman, our Chairman and Founder Bruce Stachenfeld discusses how he built the firm from the ground up and transformed it into a legal powerhouse with a fantastic reputation in the real estate industry.
Bruce

LexisNexis

Expert Interview on Commercial Leasing in the COVID-19 and Post-COVID-19 World with Leasing Co-Chair Eric Menkes

In an exclusive interview with Lexis® Practical Guidance, Eric Menkes, Leasing Co-Chair at Adler & Stachenfeld, LLP provides insight on the implications of Commecial Leasing in the COVID-19 and post-COVID-19 world. Even as individuals adjust to COVID

September 24, 2021

Partners, Chris Gorman and Kim Le, Named Real Estate Practice Co-Chairs

In case you missed it, we recently announced that two of our most accomplished attorneys C. Kim Le and Christopher Gorman have been promoted to Co-Chairs of our renowned real estate practice.
We continue to celebrate their new roles with the lat

Bisnow

Managing Partner, Terri Adler, Featured in Bisnow Origin Stories

In the latest Bisnow Origin Stories feature by Catie Dixon, our Managing Partner Terri Adler dives into her fearless personal journey with commercial real estate.
Terri divulges details on her beginnings in law school, being a founding member of

Commercial Observer

Chairman, Bruce Stachenfeld Quoted in Commercial Observer

Our chairman and founding partner Bruce Stachenfeld recently shared his thoughts with Commercial Observer on the need for more proptech advisors, how they can aid growth for startups, and challenges to consider when hiring for advisor positions.

September 6, 2021

Partner, YuhTyng Patka, Speaking at New York State Bar Association PACE CLE, October 5. 2021

On Tuesday, October 5th, the New York State Bar Association is hosting a CLE PACE webinar that consists of a 60-minute program giving attendees a 101 on PACE and its benefits to the greater real estate legal community. The webinar features 4 expert s

US News

Congratulations to our Founding Partner and Chairman Bruce Stachenfeld, Managing Partner Terri Adler, and Partners Michael Kupin, Stephen Land, Eric Menkes, and Jessica Millett for being listed to the 2022 Edition o

Law360

Leasing Co-Chairs, Eric Menkes & Risa Letowsky, Pen Article, "Creative Commercial Lease Negotiations Can Help Revive NYC"

Our Leasing Practice Group Co-Chairs Eric Menkes and Risa Letowsky discuss in a featured Law360 guest column how, as New York City emerges from its pandemic lockdown, office building owners and their retail tenants can't easily revert to old business

August 6, 2021

Land Use Chair, Robin Kramer, Discusses New Sidewalk Zoning Proposal

Our Land Use Chair Robin Kramer discusses a recent zoning proposal in New York City in regards to sidewalk cafes and the implications for current leases prohibiting them. The proposal cuts back on zoning regulations and geographic restrictions for re

Wealth Management

Real Estate Practice Co-Chair, Christopher Gorman, Speaks with Wealth Management about SFRs

"With the increase in rents for SFRs, multifamily is really the next viable housing option."
Adler & Stachenfeld LLP Partner Christopher Gorman recently spoke with WealthManagement.com on the skyrocketing single-family rental (SFR) market and th

GlobeSt.com

Managing Partner, Terri Adler, Named to GlobeSt.com's 2021 Women of Influence

We are proud to announce that our Managing Partner, Terri Adler, has been chosen for recognition as part of GlobeSt.com's Women of Influence awards 2021.
Terri is the first female real estate chair and managing partner at the firm, and the found

WWD.com

Bankruptcy and Litigation Chair, Kirk Brett, Quoted in WWD.com

Last month, Washington Prime Group Inc. filed for Chapter 11 bankruptcy, highlighting the effect of store closures on malls and mall REITs as retail's future remains uncertain.
Kirk Brett, our Chair of the Bankruptcy, Creditors' Rights and Busin

LexisNexis

Leasing Chair, Eric Menkes, Expert Interview on Commercial Leasing in the COVID-19 and Post-COVID-19 World

Part of LexisNexis' 2021 Leasing Report, Eric discussed what commercial leasing has been like throughout the pandemic.

LexisNexis

Land Use Chair, Robin Kramer, Pens Article, "Zoning and Land Use Laws"

The United States was created by the 13 original colonies, each of which would otherwise form a separate sovereign entity, transferring some of their powers to the new federal government. All powers of the states that were not transferred remained wi

May 21, 2021

Managing Partner and Real Estate Chair, Terri Adler, is set to be a featured panelist at The Inclusion, Diversity & Change [Virtual Summit] #NewYork hosted by CenterForce USA.

Managing Partner and Real Estate Chair of Adler & Stachenfeld LLP Terri Adler is set to be a featured panelist at The Inclusion, Diversity & Change [Virtual Summit] #NewYork hosted by CenterForce USA.
On June 2nd Terri will share her insights in

The Real Deal

YuhTyng Patka, quoted in The Real Deal article, "NYC landlords could find a lifeline in carbon trading"

“My clients are not talking about [carbon trading] at all,” said YuhTyng Patka, co-chair of law firm Adler & Stachenfeld’s Climate Mobilization Act practice group. “The real estate industry is finally waking up to Local La

Millionacres Spotlight

PACE Practice Chair, Tom O'Connor Speaks with Millionacres about CPACE Financing

Partner Thomas O'Connor was featured on the Millionacres, A Motley Fool Service Spotlight, discussing the virtues of C-PACE financing in promoting sustainable improvements in commercial properties. A great primer on the program, and especially releva

A&S Tax Team

Adler & Stachenfeld's Latest OZ RoadMap, "Opportunity Zones and the Working Capital Safe Harbor | What Real Estate Businesses Should Know."

Read our latest #opportunityzone update, "Opportunity Zones and the Working Capital Safe Harbor | What Real Estate Businesses Should Know," written by Tax Chair Jessica Millett.
Navigating the Land of OZ can be tricky, especially at the outset o

A&S Tax Team

TAX UPDATE: President Biden Takes Tax Stab at Real Estate

Read our latest tax update, "President Biden Takes Tax Stab at Real Estate," from Tax Practice Chair Jessica Millett and our tax team.
President Biden's American Families Plan is a bold domestic policy agenda that would be funded by changes to t

Law.com

Real Estate Partner, Danielle Ash, featured in Law.com’s ”How I Made Partner” Series

Real Estate Partner, Danielle Ash, was featured in Law.com's "How I Made Partner" Series. Read more below on the advice Danielle has for associates and how to succeed in the legal industry.
"Be a good firm citizen. Being a partner means you are

The Real Deal

Land Use Chair, Robin Kramer, Quoted in The Real Deal

Land Use Chair, Robin Kramer, was quoted in The Real Deal article, Developers Race to Ulurp Before DeBlasio Administration Ends.

April 19, 2021

Adler & Stachenfeld's Tax Team's Latest OZ RoadMap, "Conscious Decoupling"

New York State has finalized its fiscal 2022 budget, which includes a significant change related to the opportunity zone program. The budget includes legislation to decouple from the U.S. federal income tax deferral benefit available under the OZ Pro

April 8, 2021

Bankruptcy Practice Chair Kirk Brett, and Real Estate Partner Michael Kupin, will be panelists at The National Law Institute's free virtual CLE class entitled "Tricks & Traps in the Making & Enforcement of Commercial Leases."

Bankruptcy Practice Chair Kirk Brett, and Real Estate Partner Michael Kupin, will be panelists at The National Law Institute's free virtual CLE class entitled "Tricks & Traps in the Making & Enforcement of Commercial Leases."
The panel will be on Thursday, April 15th, from 4-5:30 PM.
The panel is being hosted by Roy S. Fenichel, Esq. of Newmark Title Services. Michael and Kirk will be joined on the panel by Joel Binstok, Esq. of York Group LLC, and Randall Paulikens of Friedman LLP.

The Real Deal

Climate Mobilization Co-Chair, YuhTyng Patka, quoted in the Real Deal

Climate Mobilization Act Co-chair & NYC Real Estate Tax & Incentives Chair, YuhTyng Patka, was quoted in The Real Deal's latest article, "Building owners face deadline for relief from emission caps."
If you have any questions about CMA/LL97 plea

The Real Deal

Real Estate Finance Chair, Thomas O'Connor, Speaks About PACE Financing in The Real Deal

Real Estate Finance Chair, Thomas O'Connor, was quoted in The Real Deal's latest PACE article, "NYC Slow to Start C-PACE Program for Clean Energy Funding."

March 19, 2021

PACE Financing is Going Live in NYC!

After Two Years of Waiting - PACE Financing is Going Live in NYC! Read more in our latest update about PACE Financing below.
If you have any questions about PACE Financing, reach out to one of our team members:
Thomas O'Connor (Rea

March 18, 2021

NYC Tax & Incentives Chair, YuhTyng Patka Participating in "Property Tax issues Post-Covid.”

New York City Real Estate Tax & Incentives Chair YuhTyng Patka will be participating in the Appraisal Institute's virtual program, entitled, "Property Tax issues Post-Covid." The event will be on Wednesday, March 31st, from 10 AM - 12 PM.

LexisNexis

Partner, Brian Blitz Published in LexisNexis

Partner Brian Blitz's Corporate Transparency Act update, "Disclose or Beware: What the Corporate Transparency Act Means for Investors and Lenders" was published by LexisNexis.

March 9, 2021

A&S Celebrates International Women's Day

Happy International Women's Day from Adler & Stachenfeld! We promote the success of women every day, as we are an organization that runs on #girlpower with women leadership in almost every department of operation. Every year we participate in #IWD by

Law360

Terri Adler and YuhTyng Patka Interviewed by Law360

Managing Partner and Real Estate Chair Terri Adler, and NYC Tax & Incentives Chair, YuhTyng Patka, were interviewed by Law360 in the article, "Adler Real Estate Leaders Hope NYC Will Loosen Restrictions." Terri and Tyng spoke about PACE Financing as

March 5, 2021

Duval & Stachenfeld's Bronx Practice Group is Hosting A Virtual Event | March 18th 5PM

Duval & Stachenfeld's Bronx Practice Group presents a virtual panel discussion with Jed Resnick of Douglaston Development and Ben Kleinbaum of Capalino & Company. The presentation will focus on evaluating current legislative proposals at the New York

March 5, 2021

Adler & Stachenfeld Partners with Immigration Equality

As part of our pro bono mission at Adler & Stachenfeld, we partner with charities and organizations benefitting the community. One is Immigration Equality., which is America's leading LGBTQ and HIV-positive immigrant rights organization.

LexisNexis

Corporate Partner, Brian Blitz, and The Transparency Task Force Published in LexisNexis

The Corporate Transparency Act (the Act) became law on January 1, 2021, as part of the National Defense Authorization Act for Fiscal Year 2021. Under the Act, “reporting companies,” which are corporations, limited liability companies, and

The Real Deal

NYC Tax & Incentives Chair, YuhTyng Patka, quoted in The Real Deal article, "Last Call For Senior Housing Program."

YuhTyng Patka, who chairs the real estate and tax incentives group at Adler & Stachenfeld, lamented that the program is being ended before really taking off. She noted that the second deadline set by HPD is in June, typically a busy month for the age

Greenpearl Events

Managing Partner, Terri Adler, Featured Speaker at the Real Estate Women's Forum

Managing Partner and Real Estate Chair Terri Adler spoke on the panel, "Streets of Gold: Real Estate Equity Investment and Debt Finance Trends," at GreenPearl's 10th Annual Real Estate Women's Forum. Terri was joined by an amazing group of women lead

Commercial Observer

Real Estate Partner, Kim Le, Leads A&S Team in representing Angelo, Gordon & Co. in the financing of two office properties

Partner, Kim Le, with associates Katherine Chew and Sean Rhinehart, represented Angelo, Gordon & Co. in the financing of two office properties. The joint venture between Angelo Gordon & Co. and The WE’RE Gr

Bisnow

NYC Tax and Incentives Chair, YuhTyng Patka, quoted in Bisnow

"421a is the driving force behind new construction of residential units in New York City, we saw back in 2015 when 421a ceased to exist, and without certainty that it was going to be renewed we saw projects dried up," she said. "Projects stalled and

Real Estate Weekly

Real Estate Partner, Michael Kupin, Represented Metropolitan Realty Associates in their Lease with NYC Department of Transportation.

Michael, who has particular expertise representing the landlord in leases against the City and its agencies, represented, our client, MRA, in this lease.

February 11, 2021

Update on the New York State Tax That Would Apply to Mezzanine Loans and Preferred Equity

As you may recall, last summer, we noted a potential new tax that was introduced in New York State, which, if enacted, would subject mezzanine loans and preferred equity investments pertaining to real estate transactions in New York State to a new ta

Crain's New York

Partner, YuhTyng Patka, pens OpEd for Crains New York about Proposal to Eliminate 421-a

With the arrival of the new year also comes the arrival of renewed efforts to eliminate the 421-a law, otherwise known as the Affordable New York Housing Program.  The program is blamed for gentrification, and mayoral candidate&nb

Written By Corporate Real Estate Partner, Brian Blitz

Disclose or Beware - What the Corporate Transparency Act Means For Investors and Lenders

The Corporate Transparency Act (the Act) became law on January 1, 2021, as part of the National Defense Authorization Act for Fiscal Year 2021.  Under the Act, "reporting companies," which are corporations, limited liability companies, and simil

February 6, 2021

Adler & Stachenfeld Announces Real Estate Repurposing Practice

Adler & Stachenfeld believes that repurposing real estate is one place where fortunes in the real estate world will be made in the coming years. To address the incoming flux of these types of transactions, Adler & Stachenfeld has launched our Repurpo

The Real Deal

Managing Partner, Terri Adler Quoted in The Real Deal

Managing Partner and Real Estate Chair, Terri Adler, was quoted in The Real Deal article, "Full disclosure: New Law Requires Shell Companies Reveal True Ownership." Terri commented on the new Corporate Transparency Act that requires true owners of sh

December 22, 2020

Duval & Stachenfeld LLP Announces Election of Three New Partners

Duval & Stachenfeld LLP – The Pure Play in Real Estate Law – is thrilled to announce that Danielle Ash, David Gardner and Ilya Leyvi have been elected to the Firm’s partnership effective January 1, 2021.
This class of new partners represents the

December 17, 2020

Corporate Transparency Act Likely Imminent – If You Are in Real Estate, This is Important to Read

There is a significant change coming to your obligation to disclose to the US government the beneficial ownership and control interests in LLCs, LPS, and corporations not only that you form for your transactions but also your operating and ownership

November 29, 2020

Update from Duval & Stachenfeld on COVID-19

An Update from Adler & Stachenfeld regarding COVID-19

D&S Snippeter

Partner, YuhTyng Patka, Gives Warning that the Climate Mobilization Act is Full Speed Ahead in NYC and Not Slowing Down for Covid

With all that is going on in NYC, I am confident that almost no one wants to think about the coming requirements of the Climate Mobilization Act / Local Law 97; however, whether or not justified, the City has not slowed down its timetables or require

D&S Snippeter

Duval & Stachenfeld LLP Announces Collaboration with Parabellum Capital, Which is a Leader in Real Estate Litigation Finance

Duval & Stachenfeld LLP, the Pure Play in Real Estate Law ("D&S"), announces its collaboration with Parabellum Capital, a leader in real estate litigation finance ("Parabellum"), to enhance its unique Real Estate Litigation Practice.
At D&S, we

A&S Snippeter
October 2020

NYC and NYS PACE Update - Progress Is Being Made!

As mentioned in prior issues of our Snippeter, we here at Adler & Stachenfeld have been all over PACE financing for years.We see it as a revolutionary financing mechanism that is changing the financing landscape for both borrowers and lenders alike.

The Real Deal

Partner, YuhTyng Patka, quoted in The Real Deal

“Many lenders will not allow the borrower to let the taxes go into arrears even if most of it will be exempted retroactively upon approval of the 421a application,” explained YuhTyng Patka, a partner with Adler & Stachenfeld who does not represent ei

A&S Snippeter

New York State is Considering a (New) Tax That Would Apply to Mezzanine Loans and Preferred Equity

We are alerting you to a potential new tax that, if enacted, will apply to mezzanine loans and preferred equity pertaining to real estate transactions in New York State.
In a nutshell:
The bill places a recording tax on mezzanine debt and p

Real Crowd

Chairman, Bruce Stachenfeld, Featured on Real Crowd's Podcast

Predictions For The Real Estate Industry

by: Jessica Millett

What Does the Opportunity Zone Program Look Like under a Biden Presidency

Politics aside, some in the Land of OZ have started to get nervous about the November election. As presumptive Democratic presidential nominee Joe Biden has gained in the polls, many have begun to wonder what changes could be made to the Opportunity

The Real Deal

Chairman, Bruce Stachenfeld, Quoted in The Real Deal

"The idea is that the real estate industry is experiencing real pain. This would help get through this rough patch," Bruce Stachenfeld, chairman of the New York real estate law firm Adler & Stachenfeld, told The Real Deal.

By: Bruce Stachenfeld & Jessica Millett

With All That’s Happening, Should You Think About Opportunity Zones? Answer: Yes!

If you have been reading the recent articles of The Real Estate Philosopher, everyone is focusing on Distressed Real Estate Debt, hotels, retail, and other down-and-out propositions. As I have said before wearing The Real Estate Philosopher hat, I th

June 25, 2020

COVID-19 Does NOT Give Relief From New York City’s Climate Mobilization Act

By: Partner, Yuhtyng Patka
The world has significantly transformed since last year's passage of Local Law 97 ("LL97"), informally known as New York City's Climate Mobilization Act (the "Climate Mobilizatio

Lexis Nexis Practice Advisor Journal
Summer 2020

Team of A&S attorneys' article on CARES Act featured in Lexis Nexis Practice Advisor Journal

"Seven Ways the CARES Act Impacts the Real Estate Industry", was written by Partners, Brian Blitz, Craig Brown and Stephen Land and Associates Sang H. Lee and Edward Baker.

Lexis Practice Advisor

COVID-19's Effect on Local Law 97 - or lack thereof

By: YuhTyng Patka & David Miller
New Yorkers’ lives, much less the real estate world. Now, with changes to air handling systems, elevator banks, and other capital improvements inevitably occurring due to COVID-19, even buildings that w

June 2, 2020

COVID-19 Timing Relief for QOFs, QOZBs and Opportunity Zone Investors

Last week the IRS granted some very welcome relief to those in the Land of OZ as a result of the ongoing COVID-19 pandemic. The Opportunity Zone program (the "OZ Program") is riddled with deadlines and time-sensitive requirements, so the relaxation o

Lexis Nexis Practice Advisor
April 2020

A Team of A&S Attorneys has Published an Article Summarizing Key Provisions of the CARES Act

On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, was signed into law, and on April 2, 2020, the Small Business Administration (SBA) released interim final guidance on the Paycheck Protection Program.The Coronav

Tax Notes
March 31, 2020

Our "Wizard of O.Z.", is quoted in Tax Notes article, "The Impact of the Coronavirus Crisis on Opportunity Zone Planning"

"Investors are generally scarce during periods of great economic uncertainty, and that seems to be especially so when the cause is a pandemic.  No specific pandemic-related Opportunity Zone guidance is expected soon, but Treasury and possib

March 23, 2020

Seven Ways the CARES Act Impacts the Real Estate Industry

On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, was signed into law.  The Coronavirus, also known as COVID-19, has impacted and will continue to impact the health of Americans and the strength of our econ

March 20, 2020

How does COVID-19 impact Opportunity Zones?

The past few weeks have been dramatic as the country, and the rest of the world has reacted to the coronavirus pandemic. Businesses are shuttered, residents in some states are under a lockdown (or close to it), schools and universities are closed, an

Lexis Practice Advisor

Real Estate Transactions Subject to Federal CFIUS Review

Kirk Brett, Chair of our Litigation Practice Group and Bankruptcy, Creditors’ Rights and Business Reorganizations Practice Group has written an article for @LexisNexis Practice Advisor regarding the Federal Government's recently implemented

Adler & Stachenfeld LLP

The A&S Opportunity Zones Practice Group Releases a Road Map to Opportunity Zones: "The Final Opportunity Zone Regulations - Coasting To the Finish Line"

In a big year-end push, Treasury released final regulations (the "Final Regulations") on the Opportunity Zone program (the "OZ Program") on December 19, 2019. With remarkably few exceptions, the Final Regulations are extremely tax

December 6, 2019

New Legislative Proposals for the Opportunity Zone Program

The Opportunity Zone program (the “OZ Program”) has been receiving some (perhaps unwelcome) attention over the past few weeks as several legislative proposals have been released in Congress. The legislation is most certainly in response to the unfavo

New York Law Journal

How New York City is Picking Up the 'PACE'

A&S Partner, Thomas O'Connor, Chair of our Real Estate Finance Practice Group, YuhTyng Patka, Partner and Chair of the A&S Real Estate Tax and Incentives Practice Group, and David Miller, Real Estate Associate detail the co

November 6, 2019

New Qualified Opportunity Fund Reporting Requirements

Last week, the IRS released a new form (“Form 8996”). On its face, the new form expands the technical reporting requirements that a Qualified Opportunity Fund (“QOF”) has to comply with. More importantly, though, new Form 8996 is the first step towa

Adler & Stachenfeld LLP

Adler & Stachenfeld Presents 2019 Annual Report

Every now and then we let you know what is going on with our law firm and, since we are involved throughout the entire real estate world, our update also includes a great deal about what we see going on across the real estate industry.

Lexis Practice Advisor

YUHTYNG PATKA pens ARTICLE about "The Housing Stability and Tenant Protection Act of 2019: What Owners and Potential Owners Should Do to Protect Themselves"

On June 14, 2019, the landscape of the New York City residential rental market swiftly changed with the passage of the Housing Stability and Tenant Protection Act of 2019 (the Act) into law. The Act drastically reformed the laws of rent regulation by

Real Estate Weekly
June 2019

Ten Adler & Stachenfeld Attorney's Listed on Real Estate Weekly's Leading Ladies Real Estate 2019

Real Estate Weekly's Leading Ladies list includes the following Adler & Stachenfeld attorneys:

Lexis Nexis Practical Advisor
June 2019

Tyng Patka & David Miller Explain Requirements of the Climate Mobilization Act for Lexis Practice Advisor

This article briefly summarizes how owners can comply with the emissions limits set forth in the Climate Mobilization Act. The New York City Council recently passed a series of bills, together known as the “Climate Mobilization Act,” with

Press Release
May 20, 2019

Adler & Stachenfeld LLP Announces Formation of New York City Climate Mobilization/PACE Task Force

Adler & Stachenfeld LLP – The Pure Play in Real Estate Law® – announces the formation of its New York City Climate Mobilization Task Force. The Task Force will address all client needs with respect to the newly adopted Climate Mobilization Act in New

City and State 
May 2019

Managing Partner Terri Adler listed in City and State 2019 Law Power 50

Terri Adler named to City & State's "Law Power 50 List" which honors the 50 most influential people in law in NYC.

Commercial Observer
April 23, 2019

Chairman Bruce Stachenfeld on Commercial Observer Power Counsel List

They’re needed for every step along the way: for the buying and selling, deal-making and developing, restructuring and rezoning, and applying for tax breaks. And they’re the ones who navigate the network of laws and regulations that govern all of the

April 10, 2019

Adler & Stachenfeld Announces NYC Real Estate Tax and Incentives Practice with Addition of Newest Partner, YuhTyng Patka

The new practice group will focus on representing New York City real estate owners and developers on all aspects relating to real estate taxes and government incentive programs. Ms. Patka regularly advises owners in challenging their property taxes (

March 8, 2019

A&S Supports International Women’s Day!

A&S proudly supports International Women’s Day 2019! Please read below the letter from managing partner, Terri Adler, for International Women’s Day 2019.

February 28, 2019

Managing Partner, Terri Adler, Speaks at 8th annual Real Estate Women’s Forum

Managing Partner, Terri Adler, Speaks at 8th annual Real Estate Women’s Forum. Ms. Adler was a panelist on “Room at the Top: Organizational, Industry & Social Leadership” alongside other notable women in the industry.

Eric Menkes, head of the Leasing Practice Group, is a Panelist at NYC Bar Event for the Commercial Real Estate Leases CLE Program.

Eric Menkes Panelist at NYC Bar Event, Commercial Real Estate Leases CLE Program

January 4, 2019

TERRI ADLER NAMED TO CRAIN'S LEADING WOMEN LAWYERS IN NEW YORK CITY

At Adler & Stachenfeld, Terri Adler oversees one of the largest real estate practice groups in New York City. During a career that has spanned more than two decades, Adler has gained a range of expertise in the real estate field, with a particula

Press Release

Adler & Stachenfeld Names Terri Adler as Managing Partner - BruceStachenfeld to Become Chairman

Adler & Stachenfeld LLP – The Pure Play in Real Estate Law – is pleased to announce that Terri Adler, a founding member of the Firm and chair of the Real Estate Department, will be the new Managing Partner of the Firm effective as of October 7, 2018

June 25, 2018

Terri Adler named to Bisnow New York Power Women 2018 and RE Weekly Leading Ladies 2018

Terri Adler, chair of our Real Estate Practice Group, was recently named:
Real Estate Weekly Leading Ladies 2018
New York Power Women 2018

February 15, 2018

Terri Adler Speaking at the 7th Annual Real Estate Women's Forum

A&S is pleased to announce that Terri Adler, chair of the Real Estate Department, will be speaking at the 7th Annual Real Estate Women's Forum to be held on Friday, February 23rd at The New Yorker Hotel.

Law 360
January 3, 2018

Robin Kramer, Chair of the Land Use Practice at Adler & Stachenfeld, Pens Article On Air Rights in New York City

The transfer of air rights (also referred to as developments rights) to a development site is often utilized by developers to facilitate construction of a taller building on the development site than would have been possible had such rights not been

Press Release
February 2nd, 2017

Adler and Stachenfeld LLP Hosts First Annual Women’s Real Estate Roundtable

Adler and Stachenfeld LLP hosted their first annual women's real estate roundtable on Thursday, February 2nd. The event featured a panel of respected and established women in the New York real estate world. The panel was moderated by Terri Adler,

Commercial Property Executive
December 30, 2016

NYC Garment District Office Property Commands $108M

ATCO Properties & Management has acquired 240-246 West 35th St., an 18-story Class A office building in Manhattan’s Garment District, from the RPW Group for $108 million.

Bisnow
August 24, 2016

Bruce Stachenfeld Pens Article For Bisnow "Rebuttal: China Investors in U.S. Real Estate Aren't Crazy At All"

In response to the article penned last month in Bisnow by his colleague Peter Fuhrman, titled How Chinese Investors Can Find Long-Term Success In US Real Estate, well-known NY real estate attorney Bruce Stachenfeld has written his take on Chinese inv

The Plain & Simple
December 10, 2015
Adler & Stachenfeld LLP

The Plain & Simple: This is About Tax — But You Really Should Read This One — IRS Can Now Collect Partners' Taxes on Audit Directly from Partnerships

Legislation passed on November 2, 2015 will give the IRS the power to collect taxes directly from partnerships that result from an audit of the partnership’s tax return. 
What this means – to make it super simple – is if a

Real Estate Weekly
August 25, 2015
Media Coverage

Duval & Stachenfeld Expands Leasing Practice Group With the Addition of Partner, Risa Letowsky

Duval & Stachenfeld LLP announced the expansion of its Leasing Practice Group with the addition of partner, Risa Letowsky.

citybizlist
June, 11, 2015
Media Coverage

Duval & Stachenfeld Represents Boies, Schiller & Flexner as First Tenant at 55 Hudson Yards

New York City-based Duval & Stachenfeld LLP represented Boies, Schiller & Flexner LLP in its lease of 83,000 square feet of office space (subject to expansion rights set forth therein) at 55 Hudson Yards.  The 51-story tow

New York Real Estate Journal
February 24, 2015
Media Coverage

Duval & Stachenfeld Launches Tax Controversy Practice Group

Duval & Stachenfeld LLP, New York’s preeminent “Pure Play” real estate law firm, has launched its tax controversy practice group. The practice group will meld the extensive expertise of the firm’s tax,

Bloomberg Business
February 12, 2015
Media Coverage

Tax Controversy Group Co-Chair Stephen Land Quoted by Bloomberg on UBS Bond Probe

U.S. investigators scrutinizing whether UBS Group AG illegally used unregistered securities to help Americans dodge taxes want to know whether such conduct occurred while the bank was under Justice Department supervision in an earlier tax-evasion cas

Real Estate Weekly
December 24, 2014
Media Coverage

Caribbean team works $30M mezz loan

New York-based law firm Duval & Stachenfeld LLP represented Melody Capital Partners in a transaction for a $30 million mezzanine loan to a subsidiary of British Virgin Islands-based Dolphin Capital Investors, a leading global investor and develop

Speech by Bruce Stachenfeld entitled, "A Counterintuitive Strategy for Sourcing High-Margin Mezzanine Loans"
IMN's Borrower & Investor Forum on Real Estate
Mezzanine Financing & Subordinated Debt
November 10, 2014

Managing Partner Bruce Stachenfeld Gives Key Note Address at IMN's Borrower & Investor Forum on Real Estate Mezzanine Financing & Subordinated Debt

Mortgage Observer
November 2014

Gorging on Leverage - Always a Dumb Idea?

Heresy according to the dictionary means "any belief or theory that is strongly at variance with established beliefs, customs, etc."
These days, I would argue, it is considered heresy to advocate a lot of leverage, at least for "c

New York Real Estate Journal
October 28, 2014
Media Coverage

Adler of Duval & Stachenfeld Discusses Greatest Accomplishment

In the last 12 months, which project, transaction, honor or accomplishment are you most proud of and why?
My greatest accomplishment has been participating in the growth and development of our clients and our attorneys on some very innovative d

Mortgage Observer Weekly
September 5, 2014
Media Coverage

Mortgage Observer Weekly: Q&A with Bruce Stachenfeld

I graduated from Harvard Law School in 1983 and started work at a now-de- funct law firm called Shea & Gould. I started as a litigator and I utterly hated it. I eventually asked the managing partner if I could transfer into the corporate dep

Los Angeles Business Journal
August 11, 2014
Media Coverage

A&S Handles the Acquisition of the Apple Store in Santa Monica

The global appeal of Santa Monica’s Third Street Promenade and the cachet associated with Cupertino tech giant Apple Inc. has made for another jaw-dropping real estate deal.
Two years after the glass-clad Apple store on the promenade sold

New York Law Journal
July 16, 2014
Media Coverage

A&S Handles 46,000 SQFT Lease For Landlord Jamestown at 1250 Broadway

Norman Berlin, a partner at Pepper Hamilton, and associate Lauren Balsamo, who are based in Philadelphia, represented Varonis.
The asking rental rate for class-A office space in Midtown Manhattan near 1250 Broadway is about $76 per square foot,

Law360
July 11, 2014
Media Coverage

Adler & Stachenfeld Kicks off Caribbean Real Estate Practice

New York law firm Adler & Stachenfeld LLP launched a new Caribbean and Central America real estate practice group, naming two partners snagged from Cooley LLP last year as the group’s co-chairs, the firm said Friday.

Speech by Bruce Stachenfeld
IMN'S 2014 US Real Estate Opportunity & Private Fund Investing Forum
June 12, 2014

Managing Partner Bruce Stachenfeld Gives Key Note Address at IMN'S 2014 US Real Estate Opportunity & Private Fund Investing Forum

Of all the regrets I have in life, one of my greatest is that I never had the chance to meet Peter Drucker before he died. Have you ever heard of Peter Drucker? He is one of my intellectual heroes.

Law360
June 5, 2014
Media Coverage

Terri Adler Featured in Law360's Female Power Brokers

Terri L. Adler is a co-founder of Adler & Stachenfeld LLP in New York and chairwoman of the firm's real estate practice group. She has handled a multitude of national and international real estate and corporate real estate transactions. She w

New York Law Journal
April 21, 2014 
Media Coverage

Adler & Stachenfeld LLP Profiled in New York Law Journal Article, "Midsize Real Estate Firm to Offer Big Law Salaries"

Adler & Stachenfeld, a 66-attorney real estate firm, is more than doubling its salary for starting associates to $175,000—above the large law firm standard—to compete with its rivals in attracting and retaining top talent. The firm sa

Real Estate Weekly
March 12, 2014
Media Coverage

Terri Adler Profiled in Real Estate Weekly

Terri Adler grew up in a suburb of Salt Lake City, Utah, where she was one of the few kids in school whose family wasn’t Mormon. Her father, a meteorologist, was stationed in the southwest by the National Weather Service. It wasn’t until

Speech by Bruce Stachenfeld
IMN's 2013 Borrower & Investor Forum on Real Estate Mezzanine Financing & Subordinated Debt
November 18, 2013

Managing Partner Bruce Stachenfeld Gives Key Note Address at November Mezz Conference

I admit I am a little afraid to give this little speech to you people this morning. But here goes, my speech is titled: Money doesn’t mean a thing! Let me start with a story. This is the story of Enterprise Rent-A-Car. I am sure you all kn

Real Estate Weekly
July 10, 2013
Media Coverage

Bruce Stachenfeld Profiled in Real Estate Weekly

Bruce Stachenfeld, founding and managing partner of Duval and Stachenfeld, likes to read books on business and management theory.
One of those books, Jim Collins’ Good to Great, has had a particularly formative eff

Speech by Bruce Stachenfeld
IMN's 2013 US Real Estate Opportunity & Private Fund Investing Forum
May 29, 2013

Managing Partner Bruce Stachenfeld Gives Key Note Address at May Real Estate Conference

I read a book a year or so ago called The Purple Cow, by Seth Godin. Let me tell you about it. The theory of the Purple Cow in a nutshell is that you should try to STAND OUT like a ….purple cow would stand out. If you don’t STA

The Commercial Observer
April 29, 2013
Media Coverage

Thomas O'Connor and Alan Cohen Featured in Real Estate Weekly's Who's News

Adler & Stachenfeld LLP announced the addition of real estate attorneys, Tom O'Connor and Alan S. Cohen, as partners in its New York office. O'Connor was formerly the chair of Cooley LLP's National Real Estate Practice Group and Cohen was a senior pa

Bisnow Real Estate
February 25, 2013
Media Coverage
Bisnow Real Estate Features Duval & Stachenfeld’s Real Estate Practice Group

Bisnow Real Estate Features Duval & Stachenfeld's Real Estate Practice Group

Don't know Adler & Stachenfeld? With the addition of a 50th realestate attorney, they believe they're now the biggest concentration of such lawyers in New York City. Managing partner Bruce Stachenfeld (above with real estate chair Terri Adler) starte

NYCRE Summit

Partner Danielle Ash recently moderated a panel at the 2022 New York Commercial Real Estate Summit

Partner Danielle Ash is moderating a panel at the 2022 New York Commercial Real Estate Summit on "CRE Redevelopment Strategies & Emerging Opportunities". Danielle will lead panelists through a discussion on creative strategies, tactics, and novel opportunities in New York real estate.

NYCRE Summit

Leasing Practice Co-Chair Eric Menkes moderated a panel at the 2022 New York Commerical Real Estate Summit

Tomorrow our Leasing Practice Co-Chair Eric Menkes is moderating a panel at the 2022 New York Commerical Real Estate Summit titled "New York State of the Retail Property Market". Eric will lead panelists in a conversation about current trends and issues in the retail real estate sector in New York.

GlobeSt.com

Congratulations to Partners Ashley Doukas and C. Kim Le on their selection by GlobeSt.com as a 2024 Women of Influence Honorees -- Ms. Doukas, as a Rising Star, and Ms. Le, in the CRE Legal Counsel categories

December 31, 1969