R
osenberg & Estis, a New York City law firm, has established a new distressed real estate group to support clients facing debt challenges in the city's volatile real estate market. The team will provide expert legal solutions for lenders, borrowers, and investors navigating the current market conditions.

    The group is comprised of attorneys from various practices within the firm, including real estate, litigation, corporate, restructuring, and bankruptcy. They will advise clients on preserving assets or seizing opportunities in the market.

    "Over $1.5tn of US commercial real estate debt is expected to mature by 2025," said Michael E. Lefkowitz, managing member of Rosenberg & Estis. "Higher interest rates, decreased property values, and escalating operating costs have made refinancing and restructuring extremely challenging."

    The new group aims to provide a 'one-stop shop' for clients, helping them navigate transactional and litigation challenges without needing multiple legal advisors. "We've seen every phase of the commercial real estate cycle," added Lefkowitz. "Our goal is to help property owners and investors not only survive but find new opportunities in this market climate."