Herrick Does That

 New York City real estate owners and developers have long asked Herrick about transferring unused development rights from an individual landmark to a site across the street, through a 74-79 Special Permit issued by the City Planning Commission (CPC). While these transfers have historically been rare due to a time-consuming, uncertain approval process, with the recent changes to the City’s zoning regulations – specifically, the &qu...

Private Clients partner Theresa Balducci and corporate associate Adam Unger are joined by Matt Joyce, 14-year veteran of Major League Baseball and one-time Major League Baseball All-Star, to discuss issues faced by professional athletes in managing their personal finances. 

Matt shares his personal experiences, both during and after his tenure as a professional athlete. The podcast discusses how to engage in strategic financial plan...

Herrick partner and chair of the Real Estate Hospitality practice, Yariv Ben-Ari, sits down with Evan Weiss of LW Hospitality Advisors and Jonathan Falik of JF Capital Advisors to discuss their take-aways from the January 2025 ALIS Hospitality conference. Hot topics at the conference included capital markets and the availability of debt for hotels as well as the effects of the new administration’s immigration policies. The three al...

Waterfront property comes at a premium in NYC. It’s a finite resource that has its fair share of zoning challenges when owners are looking to develop property. Since the early 1990’s, regulations have been in place that affect the size and location of waterfront development, as well as the amount and quality of required public open space that must be provided in waterfront development. Listen to Real Estate and Land Use partner, Ro...

Co-chairs of Herrick’s Sports Law Group, Irwin Kishner and Dan Etna, along with the chair of Herrick’s Land Use and Zoning Group, Mitch Korbey, discuss the financial, environmental, procedural and community considerations in the building and development of stadium and mixed-use projects.

Engaging in these projects entails many steps from identifying the land, to obtaining support and consensus of the community, accounting for the av...

Louis Tuchman, chair of Herrick’s Tax Department, sits down with his longtime friend and colleague Tax counsel, Michael Kessel, to discuss Michael’s return to Herrick and the professional path that led him back to the team. They discuss what makes Herrick so entrepreneurial, how working with colleagues who are also trusted friends can enhance client service, client “matchmaking,” and how the sense of a “deal” and client business pr...

The New York City Council has voted to approve the City of Yes for Housing Opportunity (COYHO) zoning text amendment. This is the third "City of Yes" text amendment that has been approved in the last year – the others being City of Yes for Carbon Neutrality and City of Yes for Economic Opportunity. Taken together, these text amendments include the most comprehensive and sweeping zoning changes since the adoption of the Zo...

Herrick Real Estate partner and co-chair of the firm’s Israel and Real Estate Hospitality practices, Yariv Ben-Ari, sits down with Chief Operating Officer at RREAF Holdings and commercial airline pilot, Jeff Holzmann, to discuss the ever-evolving world of drones and real estate. The duo discusses the licenses needed to safely and legally operate drones in the U.S. and the additional layers or security in place for operation in urba...

Jonathan Adelsberg, co-chair of Herrick’s Real Estate Department and chair of the Leasing Department, welcomes James Nelson, principal and head of Avison Young’s Tri-State Investment Sales group, to discuss where the opportunities lie in real estate at the end of 2024. Jonathan and James discuss where they are seeing opportunity for developers and owner/operators in the current real estate market; what asset classes are hot in NYC ...

Hotels have always been used for non-traditional stays. Converting hotels leverages existing infrastructure and minimizes cost and time required for construction or setup of emergency housing of all types. In recent years, this usage is more prevalent to the general public due to the recent global pandemic and housing of essential workers, the infirm and recovering, as well as the recent need to support migrants, the unhoused and r...