Real Estate Law and Construction Law

A New York Supreme Court case examines whether a typographical error in a lease termination clause should be interpreted literally or reformed based on the parties' prior course of dealing and commercial reasonableness. The dispute centered on whether "Lessee" or "Lessor" had the right to terminate an advertising space agreement when the underlying premises was sold or leased.

Construction projects often involve verbal directives that deviate from plans and specifications, creating significant liability risks for subcontractors when defects emerge years later. Without written documentation of field instructions and approvals, subcontractors may find themselves defending claims for work they performed exactly as directed, facing disputes where memory and credibility become the only evidence.

On this episode of Real Smart, Spencer Kallick sits down with Dan Palmieri and Nick Angelich of Sierra Ridge Capital to discuss launching a real estate investment platform in today’s uncertain market.