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In a market weathering unprecedented change, companies involved in high-stakes real estate deals need a steady, trusted hand to guide them. They also need counsel who can help them find new solutions for tough new challenges. The Paul, Weiss Real Estate Department offers clients the best of both worlds. Our long history of executing every kind of deal touching real property and our business and legal savvy help the most complex real estate projects succeed in fluctuating economic conditions.
On March 2, real estate partner Salvatore Gogliormella and associate Peter Borock gave a presentation, “Guidance on Commercial Leases During the Pandemic,” to a group of New York area nonprofit organizations at the request of New York Lawyers for the Public Interest and Candid, a leading provider of information on grants and nonprofits. The presentation covered topics such as whether tenants can cancel their leases or pay less rent during the pandemic, what landlords can do if tenants default, and whether and how tenants can negotiate accommodations with their landlords.