Thomas Kearns Publishes Top 2025 Legal Developments Affecting New York’s CRE Industry in NYREJ

New York Real Estate Journal recently interviewed Olshan Real Estate Of Counsel Thomas Kearns in an article entitled “Top 2025 Legal Developments Affecting New York’s Commercial Real Estate Industry.” In the article, Tom discusses a few legislative and regulatory highlights of 2025 that will continue to affect New York’s commercial real estate industry, including: the New York City Council’s FARE Act, which prohibits residential landlords from passing on the costs of the landlord’s broker to residential tenants; significant changes to the title policies governing New York’s title insurance industry, replacing decades long practices with new endorsements; New York’s amended Real Property Actions and Proceedings Law Section 881 (“RPAPL 881”), the statute that enables courts to grant temporary licenses to adjoining properties for access during construction; New York’s highest appeals court upholding the written contract between two parties to an LLC agreement over the objections of the non-managing member that there was an oral agreement that should supersede the written agreement; and New York’s highest appeals court issuing a decision on a landlord’s creative argument in an attempt to avoid the consequences of a good guy guaranty.