In a market experiencing unprecedented change, parties involved in high-stakes real estate deals need a steady, trusted hand to guide them. The Paul, Weiss Real Estate Practice leverages a history of executing every kind of real estate property transaction and unparalleled business and legal acumen to help the most complex projects succeed amid volatile economic conditions.
Transactional Real Estate: Aligning L&T Interests Through ‘Green’ Lease Provisions
July 5, 2023
Real estate partners Peter Fisch and Salvatore Gogliormella’s latest Transactional Real Estate column, “Local Law 97: Aligning L&T Interests Through ‘Green’ Lease Provisions,” appeared in the July 5 issue of the New York Law Journal. The authors discussed the scope and function of New York City’s Local Law 97, which is part of a suite of legislation aimed at combatting the threat of climate change, ahead of its implementation in January 2024. LL97 places emissions limits on approximately 40,000 city buildings and nearly 60% of the city’s building area, which will give rise to significant changes in the way commercial buildings are constructed, operated and leased. Real estate counsel Barry Langman and Allen Wieder assisted in the preparation of this article.
» read the article