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The members of Hankin and Mazel PLLC are pleased to share that a recent Wall Street Journal article examining the escalating ground lease challenges at Carnegie House in New York City features a quote from our founding member, Geoffrey Mazel. The article highlights the severe financial pressures facing Carnegie House due to a dramatic increase in ground rent—rising more than ninefold in recent years. Mr. Mazel was consulted for the piece and quoted for his vast experience in ground lease negotiations and his active role in proposing ground lease reform legislation, which is currently pending before the New York State Legislature.
LINK TO ARTICLE
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