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July 14, 2020

New York Law Journal

By: Raymond "Rusty" Pomeroy II, Brian Diamond

In an article for the New York Law Journal, Rusty Pomeroy and Brian Diamond weigh in on what building owners should know right now to prepare for the New York City Climate Mobilization Act, with the first deadline less than one year away.

“The COVID-19 pandemic has created myriad operational and financial issues for building owners, including increased costs due to safe reopening requirements, reduced income due to tenant defaults, reduced tenant demand for space, government restrictions on eviction proceedings and increased scrutiny from lenders,” they write. “Building owners in New York City, though, have the added task of preparing for the coming implementation of the 2019 Climate Mobilization Act.”

Read the full article below. 

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