Kasowitz Attorneys Co-Author New York Real Estate Trends & Developments Section for Chambers US Regional Real Estate 2023 Global Practice Guide
Kasowitz Benson Torres real estate litigation partner Paul M. “Tad” O'Connor III and real estate transactions partners David Szeker and Darwin Huang have co-authored the New York “Trends and Developments” section of Chambers US Regional Real Estate 2023 Global Practice Guide. The authors discuss the New York real estate market’s trends and developments, including the recovery process of the New York commercial market as it faces the challenges of rising interest rates, inflationary pressures and regional banking turmoil. The overview also examines the consequences of the uncertain lending environment across the market and the record $270 bn in commercial mortgages that is set to expire in 2023, and how New York’s political leaders continue to influence the real estate industry.
Paul “Tad” M O’Connor III is the co-chair of Kasowitz Benson Torres’ real estate litigation practice, and has significant experience representing major private equity firms, financial institutions, real estate developers and owners, hotel operators, corporations and high-net-worth individuals in commercial disputes and real estate matters involving major commercial and hotel properties in the US and Europe, including the representation of hotel operators in disputes with owners, in federal and state courts and before arbitration tribunals in the US and Europe.
David Szeker is the chair of Kasowitz Benson Torres’ real estate transactions group, and has significant experience representing leading developers, investors, and owners in all aspects of commercial real estate law, including acquisitions and dispositions, financing, the negotiation and formation of joint ventures, and office and retail leasing. He also advises on defaulted mezzanine loans, UCC foreclosure actions and other complex defaulted financing transactions.
Darwin Huang is a real estate transactions partner at Kasowitz Benson Torres who represents developers, investors, owners, and lenders in transactional real estate matters, including acquisitions/dispositions and financings of commercial, condominium, hotel and mixed-use properties, as well leasing of office and retail space. He also regularly advises on loan workouts, foreclosures, joint ventures, leasing and licensing agreements.