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News & Events: Real Estate


  • April 17 2020

    New York Tenant groups prepare for a mass rent strike in May if Gov. Cuomo does not issue an order to abate rent in light of the COVID-19 pandemic.

    Click here for the full article.

  • April 16 2020

    The SBA announced that it is currently unable to accept new applications for the Paycheck Protection Program due to the funding running out.

    Click here for the announcement.

  • April 15 2020

    Client Alert:  COVID-19 Pandemic:  When Is Construction Work Considered Essential During the COVID-19 Pandemic?

    A month ago, all construction work in New York was considered to be essential and was exempt from the in-person workforce prohibition.  On March 30, 2020, Governor Cuomo issued Executive Order 202.13, which limited the types of “essential” construction work that could continue and authorized the Empire State Development Corporation to determine the type of construction projects that are considered “essential”.

    Click here to read the alert.

  • April 15 2020

    Client Alert: Federal Reserve Main Street Loan Facilities:  An Alternative for Small and Medium Sized Businesses

    On April 9, 2020, the Federal Reserve released term sheets for two Main Street Lending Programs with a combined size of up to $600 billion to assist small and medium sized businesses impacted by the COVID-19 pandemic.

    Click here to read the alert.

  • April 13 2020

    Client Alert:  Deferral of Social Security Tax Payments Available for Employers Obtaining PPP Loans

    The Coronavirus, Aid, Relief and Economic Security Act (CARES Act) permits all employers to defer the payment of their share of social security taxes during the period of March 27, 2020 through December 31, 2020. Last week the IRS released guidance in the form of FAQs on this topic.

    Click here to read the alert.

  • April 07 2020

    Client Alert: Assembly Bill A-10226

    The New York State Assembly has introduced a bill (A-10226) “requiring certain perils be covered under business interruption insurance during the coronavirus disease 2019 (COVID-19) pandemic.” Assembly Bill A-10226 would require every property policy providing business interruption and loss of use coverage to include among the policy’s covered perils coverage for business interruption during the COVID-19 declared state emergency.

    Click here to read the alert.

  • April 07 2020

    EGS Real Estate Group Partner, Michael Dinowitz, participated on a panel of U.S. real estate executives hosted by Nadlan –   Israeli Building Center. The video conference brought together over 100 participants as the panelists discussed present and near term strategies during the COVID-19 crisis.

  • April 03 2020

    Client Alert: EIDL & Advance Grant – Early Applicants Need to Reapply & Exhaustion of Credit is Not a Requirement

    The U.S. Small Business Administration (“SBA”) confirmed that certain applicants for its Economic Injury Disaster Loans (“EIDL”) must reapply using a revamped website, which launched earlier this week.

    Click here to read the alert.

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