NYC Building's $80M Upgrade Didn't Break Lease, Court Says

Law360, New York (May 9, 2012, 6:25 PM EDT) -- A new $80 million glass facade and renovation to a 26-story midtown Manhattan office building wasn't a structural change that would cancel the building's lease, a New York state appeals court ruled Tuesday.

The dispute involves a so-called glass "curtain wall" that the long-term leaseholder of the building — an entity called 112 West 34th Street Associates LLC, controlled by real estate developer Malkin Properties — added to the building. The lease on the 34th Street building in Manhattan's Herald Square neighborhood is owned by Cohen...
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