DHC's William Walzer on the State of New York City Real Estate
January 12, 2021 – William Walzer, Chair of Davidoff Hutcher & Citron’s Commercial Banking & Finance practice, weighed in on some of the issues facing New York City’s real estate market. Walzer noted in the Northeast Real Estate Business, that small and mid-sized owners have an incentive to reach agreements with tenants regarding rent disparities in order to avoid lawsuits, but larger landlords and national tenants “who have the money and stomach for litigation” are less incentivized to do so.
