Sandy May Stall NYC Development, Spark Construction Suits

Law360, New York (October 31, 2012, 9:39 PM EDT) -- The massive superstorm that caused an estimated $50 billion in property and infrastructure damage across the Eastern seaboard this week may have ancillary effects on New York's real estate industry, including setting major development sites back, spurring insurance and construction-related suits, and possibly leading to new building regulations, experts say.

Tenants of office buildings that lost power and had to close up shop for days, patients affected by the failure of an emergency generator at New York University's hospital, and developers and contractors with disputes over...
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