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Proposed Brokaw Act Would Affect Change-of-Control Triggers in Indentures
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Land Use Partner Gary Tarnoff was quoted in a New York Times article on air rights deals in Manhattan, and the increased involvement of homeowners, small building owners and co-op boards in such deals. He is mentioned as the lawyer for a group of homeowners that agreed to sell 19,148 square feet of development rights to the Extell Corporation, allowing Extell to add four stories to a condominium tower near the homeowners. Tarnoff had Extell concede on several points, including having a garage entrance built away from the homeowners' property.