Our attorneys Richard Im and Sara Aksu secured two important decisions for a private real estate lender in New York Supreme Court, defeating the borrower's attempt to block the appointment of a receiver for a property in foreclosure, as well as their motion to dismiss the foreclosure action in its entirety.

After the landlord tried to circumvent New York City’s COVID-19 moratorium on evictions with an ejection proceeding, Stein Adler attorney Jacob Lewin beat back the attempt, and convinced the Court that the landlord’s own behavior prevented any such immediate action.

Our client had been embroiled in a lease dispute, and faced imminent eviction, but our litigators Noam Besdin and Jacob Lewin quickly stepped in and convinced the Supreme Court of New York to let the small business have its day in court against its sub-lessor, which was represented by one of the country’s largest law firms.

In May, Stein Adler secured another victory for a New York real estate developer, in its ongoing litigation battle with Mt. Sinai Hospital. The case arises from an agreement to develop a building on Manhattan’s Lower East Side – an agreement Mt. Sinai backed out of after years of our client’s hard work.

In March, Stein Adler litigators Adam Stein, Matt Rosselli, and Noelle Harvey secured a victory for members of a New York landlord that own a valuable portfolio of Manhattan properties. In addition to securing a temporary restraining order and preliminary injunction against a rogue company manager, we achieved a contempt order, an enforcement of the injunction, and the payment of our client’s attorneys’ fees.

Stein Adler represented Firebird Grove in the acquisition of 11 residential buildings in a gated culture-de-sac in New York City’s Greenwich Village neighborhood. The notable buildings, which were built in the 1840s, include the former homes of Marlon Brando, and the authors E. E. Cummings and Theodore Dreiser. Stein Adler partner Joshua Zelkowitz led the transaction, with assistance from real estate department members Daniel Dwyer, Debbie Mandl and Yao Lin.

Stein Adler represented Box Equities, a real estate investment firm focused on retail distribution centers, in the acquisition of a 176,000 square-foot facility in Virginia used by the global healthcare logistics company Owens & Minor. The transaction, which was led by Stein Adler partner Michael Dabah, brings Box Equities’ U.S. portfolio to more than 2.5 million square-feet.

Stein Adler attorneys successfully represented a real estate developer in federal litigation brought by a commercial tenant, seeking to terminate a long-term, $20 million lease over COVID-19 related claims.

Noam Besdin, who has been recognized as a Rising Star by Thomson Reuters (2016-2021), brings significant state and federal trial, arbitration and mediation experience to the firm. His diverse clients include investment managers, hedge funds, real estate firms, small businesses, bankruptcy trustees, energy companies, authors, art galleries and telecom providers.

Casey Hail advises on compliance with local, state, and federal employment laws, including drafting policies and procedures, as well as drafting and negotiating employment, separation, and confidentiality agreements. Casey also has extensive complex commercial litigation experience in New York’s state and federal courts, with a particular focus on e-discovery issues.

Stein Adler represented Box Equities, a real estate investment firm focused on retail distribution centers, in the acquisition of a large facility used by the electric vehicle maker Rivian.

Stein Adler represented Box Equities in its joint venture agreement with Artemis Real Estate Partners, a Washington, DC – based private equity firm which has raised approximately $6 billion of capital. Stein Adler also advised Box Equities in the joint venture’s initial acquisition of a 500,000-square-foot Hanesbrands warehouse in Kings Mountain, North Carolina, which included the assumption of existing debt.

Stein Adler represented Woodhill Real Estate in the $24 million acquisition of a 550,000 SF manufacturing and warehouse property in Greenville, SC.

Stein Adler advised East Coast Acquisitions on the $38 million acquisition of the Roswell Market Place in Roswell, Georgia; the $18 million acquisition of Midtown Mobile in Mobile, Alabama; and the $25 million acquisition of the Red Willow Plaza in Winter Springs, Florida.

Law360 reported on Stein Adler's representation of Box Equities, which purchased several large retail distribution centers with a combined 1.25 million SF of space.

Stein Adler represented a joint venture between Benedict Realty Group and Harbor Group International, in the $37 million acquisition of an office property in Yonkers, New York. The property includes two office buildings totaling 130,607 square-feet, both of which are leased on a long-term basis to Montefiore Medical Center.

Stein Adler’s Richard Im authored the New York section of Business Torts: A Fifty State Guide, which provides statutory and case law developments on business torts laws. Richard's chapter covers a range of issues, including New York's statute of limitations, and laws regarding misappropriate of trade secrets, conversion, fraud and misrepresentation, and tortious interference with contracts.

On December 23, 2020, Governor Cuomo signed S5470B into law, officially enacting a comprehensive commercial finance disclosure bill. The law is scheduled to go into effect this June, but persons or entities operating in New York who are offering commercial financing, or whose transactions are governed by New York law, or where a borrower is located in New York should familiarize themselves with the law.