BBWG June 2014 Newsletter June 2014

UPDATE Belkin Burden Wenig & Goldman, LLP E D I T O R S Magda L. Cruz Aaron Shmulewitz Kara I. Rakowski Inside This Issue BBWG Lawyers Named “Super Lawyers” for 2014..............................1 LITIGATION UPDATE Deemed Renewal Lease Update.......................2 JUNE 2014 | VOL U M E 3 2 BBWG LAWYERS NAMED “SUPER LAWYERS” FOR 2014 Sherwin Belkin, Jeffrey Goldman, Steven Kirkpatrick, Aaron Shmulewitz, and Howard Wenig have again been named “New York Super Lawyers for 2014” by the Thomson Reuters rating service of outstanding lawyers from more than 70 practice areas who have attained a high degree of peer recognition and professional achievement. TRANSACTIONAL UPDATE Fear of Commitment: Understanding the Commercial Loan Commitment Letter.............3 ADMINISTRATIVE LAW UPDATE Substantial Rehabilitation: Still a Way Out of Rent Regulation...........................5 Sherwin Belkin Jeffrey Goldman Steven Kirkpatrick Daniel Altman has been named “Super Lawyer for 2014.” Aaron Shmulewitz Howard Wenig Craig Price has again been named as a “New York Rising Star for 2014.” BBWG IN THE NEWS.........4 TRANSACTIONS OF NOTE............................4 LAWRENCE T. SHEPPS JOINS BBWG’S TRANSACTIONAL DEPARTMENT AS OF COUNSEL......................4 CO-OP / CONDO CORNER........................ 6, 7 WE’RE GOING GREEN Effective January 2014, BBWG has discontinued the printed copy of the Newsletter. To continue to receive the electronic version of the Newsletter, please sign up for our mailing list at www.bbwg.com. Daniel Altman Craig Price David Brand, Nicholas David, Alexa Englander, Seth Liebenstein, Scott Loffredo, and Noelle Picone have also been named as “New York Rising Stars for 2014.” David Brand Nicholas David Alexa Englander Seth Liebenstein Scott Loffredo Noelle Picone Congratulations to our Super Lawyers! Belkin Burden Wenig & Goldman, LLP | 270 Madison Avenue | New York, NY 10016 | Tel 212 .867 .4466 | Fax 212 .867 .0709 Attorney Advertising 1