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Inside R&E

Inside R&E

By: Rosenberg & Estis P.C.
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Inside R&E is a podcast hosted by New York City’s leading attorneys who discuss current issues facing developers, owners and operators in the industry. Founded in 1975, Rosenberg & Estis, P.C. is widely recognized as one of New York City’s pre-eminent real estate law firms. R&E provides full-service representation and advice in every aspect of real estate, from performing due diligence and evaluating financing, to handling joint ventures, acquisitions and leasing, construction and design team agreements, property tax exemptions and abatements, land use and zoning matters, Real Property Income & Expense (RPIE) filings, co-op and condo offering plan filings, distressed situations and bankruptcies, trust and estate planning, as well as the litigations and negotiations which sometimes ensue when deal-making. R&E’s wealth of experience in New York real estate makes it the ideal thought partner for owners, developers, not-for-profit corporations, educational institutions, sponsors, equity investors and lenders in both real estate transactions and in all court venues. Disclaimer: The information you obtain here is not, nor is it intended to be, legal advice. You should consult a Rosenberg & Estis attorney for advice regarding your individual situation. We invite you to contact us and we welcome your calls, letters, or electronic mail. Listening to this content or contacting us in response to this content does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established. At various times we may reference successful results in cases we have handled. However, prior results do not guarantee a similar outcome. To comply with requirements imposed by the IRS, we inform you that any tax advice contained herein, is not intended or written to be used and cannot be used by a taxpayer to (i) avoid tax penalties or (ii) promote, market or recommend a transaction or matter to another person.Copyright 2026 Rosenberg & Estis, P.C. Economics
Episodes
  • The Lease Is Not Paperwork: How Commercial Leases Drive Building Value

    The Lease Is Not Paperwork: How Commercial Leases Drive Building Value
    Jun 23 2026

    In this episode of Inside R&E, William Byers Jr., Member of R&E's Transactions Department, joins Dave Lorenzo, Founder of Exit Success Lab, for a conversation on how landlords, buyers, and investors should view a lease as part of the building’s financial architecture, and not just a legal form .

    During the conversation, Bill and Dave discuss how a lease is pivotal to the overall economics of a building and defines its financial performance. Bill explains how the structure of a lease affects the value of the building and highlight provisions that may appear harmless on paper but could impact the building’s value or risk profile, including hidden terms to watch for. Bill and Dave also examine specific provisions that could make one building appear more stable than another to a buyer or lender, as well as what buyers should look for in a lease during due diligence. In addition, they discuss landlord rights and limitations when a tenant files for bankruptcy, along with subleasing scenarios.

    William Byers Jr. has worked on a myriad of both large and small transactions ranging from sales and purchases of office, apartment and mixed-use buildings to landlord and tenant representation in office, retail, restaurant, garage and ground leases, as well as grantor and grantee representation for complex multi-party easement agreements. In addition to having an MBA, Byers previously worked at a corporate firm, which serves him well in drafting complex corporate documents such as operating, partnership and shareholder agreements, joint venture agreements, stock purchase agreements, and employment agreements for commercial real estate brokers.

    For any questions related to this episode, contact William Byers Jr. at wbyers@rosenbergestis.com or (212) 551-8456.

    Stream the full episode, now available on Apple Podcasts, Spotify and YouTube.
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    17 mins
  • A New Era for Co‑op Sale Approvals: Local Law 2026/058

    A New Era for Co‑op Sale Approvals: Local Law 2026/058
    Apr 23 2026
    In this episode of Inside R&E, Michael A. Pensabene, a Member of R&E’s Litigation Department, invites Tina Larsson, CEO of The Folson Group, for a conversation on the newly enacted Local Law 2026/058, also known as the Cooperative Application Timeline Law, which will take effect on July 28, 2026.During the conversation, Michael and Tina explain what the law requires co-op boards to do in terms of their sale approval process. They discuss its implications and the effect it will have on co-op owners, shedding light on how the law aims to create greater transparency around board decision-making, as well as the potential pitfalls it may introduce. They also explore how co-op boards can navigate the law and manage the application process for prospective purchasers, with Tina drawing on her experience to offer practical insights. She also shares how The Folson Group has helped co-op boards stay on top of their application processes and minimize exposure to liability under this new law.Michael A. Pensabene’s experience affords him the judgment to evaluate competing property interests and the business relationship between the parties, to know how and when to assert clients’ rights to achieve their objectives. Pensabene’s achievements representing clients such as the Hyatt Corporation, Trinity Real Estate, Forest City Ratner Companies and the Durst Organization are founded on these principles and were honed in a wide variety of forums, including City, State and Federal courts. Pensabene successfully tried one of the first cases concerning novel landlord and tenant issues resulting from the September 11, 2001 terrorist attack and set precedent concerning service of process. Pensabene’s expertise in connection with construction activities has ensured the timely completion of developments and the protection of neighboring property rights, including negotiating easements, work agreements, clearing development sites, and obtaining injunctive relief from the Supreme Court. He has also represented boards, shareholders, unit owners, sponsors and managing agents in a wide variety of disputes concerning complex co-op/condo issues.Tina Larsson is the co-founder and co-owner of The Folson Group, New York City's leading co-op and condo business consultancy. After helping her own co-op save $340,000, she and her husband, Mark Foley, started The Folson Group. They support NYC coop and condo boards in strategic advice, project management, cost reduction, and find them a property manager that fits their needs. She is the author of Living the High Life, frequent podcast guest and speaker, and holds a LEED Green Associate designation. Tina is on a mission to educate and support NYC condo or co-op boards optimize their buildings, because smart coop and condo boards don’t go it alone.For any questions related to this episode, contact Michael A. Pensabene at mpensabene@rosenbergestis.com or (212) 551-8406. Tina Larsson can be reached at tina@thefolsongroup.com or (917) 648 - 8151. You can also reach out to Tina and The Folson Group, or know more about her work, using the links below:LinkedIn: https://www.linkedin.com/in/tinalarssonli/Website: https://www.thefolsongroup.com/Tina’s book: https://www.thefolsongroup.com/bookInsta: folsongrpTikTok: folsongrpYoutube: @folsongrpGet our NYC Compliance Calendar right in your inbox: https://nyccompliancecalendar.com/Stream the full episode, now available on Apple Podcasts, Spotify and YouTube.
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    30 mins
  • Property Management in New York City

    Property Management in New York City
    Apr 7 2026

    In this episode of Inside R&E, Alex M. Estis, a Member of R&E’s Litigation Department, invites Joel Davis, President of Peninsula Property Management (PPM), and Ernest Rrika, Director of Operations, for a conversation on property management in New York City and PPM’s perspective on managing properties in a complex market.

    During the conversation, Alex, Joel, and Ernest discuss PPM’s hospitality‑driven approach to managing properties in New York City and the operational strategies behind the firm’s rapid growth. They address commonly mismanaged property issues, the importance of proactive legal involvement, and how clear communication with landlords and tenants underpins their work. The discussion also covers the role of AI, responsiveness and transparency, what makes a successful attorney-property manager relationship, and how common frustrations can be resolved before they become legal disputes.

    Alex M. Estis handles all matters of general commercial litigation, including landlord-tenant disputes, breach of contract, transactional disputes, real estate partnership disputes, brokerage commission actions, holdover proceedings, ejectment proceedings, owner occupancy actions, co-op/condo disputes, matters before the New York City Office of Administrative Trials and Hearings, such as the Environmental Control Board and Department of Health as well as the New York City Criminal Court. He also handles commercial leasing negotiations and preparation for landlords, commercial tenants and net lessors.

    With over 15 years of exceptional experience in hospitality and property management, Joel Davis leads PPM not just to meet expectations but to exceed them at every turn. Beginning his career managing the renowned W Hotel for Marriott, Joel's extensive expertise in upscale service and operational excellence propelled him through various leadership roles, culminating in his tenure as Vice President of one of the largest property management firms in the tri-state area. Joel embodies PPM’s ethos of integrity and superior performance, overseeing all facets of operations and business development to ensure the highest standards of excellence across all managed properties.

    Ernest Rrika epitomizes the relentless pursuit of operational perfection at PPM. His robust background includes managing new developments and leading significant projects from roof replacements to major compliance and infrastructure upgrades, with a keen focus on innovation and stringent compliance standards. As Director of Operations, he is not only maintaining but elevating standards of compliance and oversees energy compliance initiatives, ensuring sustainability and cost efficiency that are unmatched in the industry, all while streamlining processes to enhance corporate efficiency.

    For any questions related to this episode, contact Alex M. Estis at aestis@rosenbergestis.com or (212) 551-1204. Joel Davis can be reached at jdavis@ppmnyc.com or (917) 981-8250. Ernest Rrika can be reached at errika@ppmnyc.com or (646) 894-7065.

    Click here to stream the episode, or view it here on YouTube.
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    41 mins
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