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Michael B. Gallub is a member of Herzfeld & Rubin, P.C. in New York City. He represents domestic and foreign clients in all phases of class action, multi-district and individual litigation in the areas of commercial/business, products liability, environmental, consumer and employment law. He has served as national and local lead counsel in class actions and product litigation in New York and throughout the United States. Michael’s experience includes the defense of putative nationwide and statewide class actions involving claims of consumer fraud, deceptive trade, unfair competition, false advertising, misrepresentation, product defect, breach of contract, breach of warranty, and violations of federal and state statutes. He also represents leading manufacturers and distributors of motor vehicles and other products in class action, product liability and commercial litigation. His environmental practice involves both litigation defense and representation before the EPA and other governmental agencies. Michael has published extensively in the areas of litigation, products liability and tort law, and has lectured at seminars, law schools and to in-house counsel on class action law and litigation. You can find further information about Michael on the firm’s website at www.herzfeld-rubin.com. You can reach Michael by phone at (212) 471-8536 or by e-mail at [email protected].
The landscape in which real estate private equity funds operate is changing, and this is directly impacting their terms and operating models. The state of the market in the aftermath of the financial crisis, especially given the continued challenges in capital raising, has empowered investors to make greater demands of fund managers.
A trend that began slowly several years ago has started to gain momentum. Increasingly, businesses with a substantial amount of real estate have been approaching the IRS for a private letter ruling, granting them permission to realign their businesses under a REIT structure.
With around $2 trillion in CRE loans maturing in the next few years, many of which are distressed, brokers, lenders, investors and due diligence professionals will be busy as bees working through them all.
As discussed in our last blog, the biggest threat to the U.S. economic recovery, and therefore the commercial real estate recovery, is the "fiscal cliff," which encompasses the expiration of the Bush-era tax cuts as well as mandated federal spending cuts scheduled to take effect at the beginning of 2013. Left unchecked, the combination could deliver a blow to the U.S. economy equivalent to 4 percent of GDP. One can only assume or at least…
The U.S. recovery still marches along, following more of a rollercoaster trajectory rather than a straight line. The summer slowdown that started in May looked like the start of a double-dip recession to many analysts, only to post improving job and retail sales data in July, followed by disappointing job numbers in August. We have long taken the position that monthly vital signs will remain volatile as long as a high degree of global uncertainty…
Standard procedure during real estate transactions typically requires that the lender and/or buyer conduct the environmental due diligence on the property, but there are some good reasons for the seller to do their own due diligence.
Rent-to-buy has been a fragmented business restricted largely to individuals buying and renting out second homes as vacation homes. Now, the numbers point to a new trend among sophisticated real estate investors.
CALABASAS, CA-'Although hiring has been limited in recent months, new rental households continue to form at a healthy pace,' reports the latest Marcus & Millichap research brief.
Now more than ever, a market-by-market, property-by-property CRE investment strategy and long-term faith in the U.S. economy remain essential.
As the macro headwinds blow stronger, the clouds gather to create yet another summer drag on the U.S. economy in a pattern similar to the last two years. Over the past few weeks, we have seen a resurgence of European debt issues, deepening of the European economic slump and a downshift in some U.S. economic readings, particularly corporate investments, manufacturing orders and employment growth. To top it off, JP Morgan's recent surprise outsized loss tied…

From Placer.ai
Which US metros are poised for major consumer growth? This report reveals the 5 markets to watch in 2026, using location analytics to uncover the unique trends driving retail and dining foot traffic in each city.
Download Resource
From Assurant
Rising insurance costs and NOI pressure are making budget season tougher. Many operators miss the hidden costs of incidents that erode profits. This guide offers a risk audit strategy to see your full exposure and protect your assets.
Download Resource
From Assurant
Multifamily operators are facing high turnover and staffing shortages. Discover how centralizing administrative work can create consistency, reduce risk, and free up onsite teams to focus on improving the resident experience.
Download Resource
From Foxen
Most multifamily operators require renters insurance. Yet even with policies in place, coverage gaps still happen. Policies lapse. Coverage falls short. And too often, those gaps aren’t discovered until after a loss. This guide provides a practical framework to help you identify compliance blind spots, reduce exposure, and evaluate solutions that truly protect your portfolio.
Download Resource
From Foxen
What ancillary services do renters value most? Foxen surveyed nearly 1,000 renters to find out. The 2026 Renter Value Report breaks down which programs renters are most likely to pay for, what makes a monthly charge feel worth it, and how owners and operators can use those insights to strengthen retention and protect NOI.
Download Resource
From Green Street
The 2026-27 leasing cycle saw moderating rent growth and the softest pre-leasing finish in years. Download our annual report for a data-driven review of national, regional, and property-level performance trends shaping the market.
Download Resource
From Green Street
Stop wrestling with manual data. Connect your ChatGPT, Claude, or other AI tool of choice to Green Street's MCP Server, and turn one property address into a full valuation, sales comps, market intelligence, and news in seconds.
Download Resource
From Green Street
Fueled by AI, the global data center market is booming. This summary, generated in seconds with the Green Street MCP Server, covers U.S. and European market forecasts, recent sales comps, development activity, and key REIT analysis.
Download Resource
From Colliers
The extend-and-pretend era for commercial real estate is over. With interest rates high, borrowers face new challenges. This white paper explores the lending market reset and how to navigate maturing debt through restructuring.
Download Resource
From Placer.ai
The 2026 World Cup brought high expectations for a summer boom. This report from Placer.ai and Colliers uses foot traffic data to reveal a more nuanced picture of where economic value was actually created for retailers, restaurants, and property owners.
Download Resource
From Placer.ai
Traditional retail anchors are losing their pull. Discover how shopping center visit patterns are changing and what data-driven strategies landlords can use to build a tenant mix that drives frequency, dwell time, and growth in a new era.
Download Resource
From Assurant
As smart home devices become standard, renters increasingly expect tech support. This guide reveals key data on renter expectations and shows how offering tech support can reduce maintenance burdens and give your property a competitive edge.
Download Resource
From Assurant
Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.
Download Resource
From Assurant
With new units flooding the multifamily market, competition is fierce. Traditional concessions are not enough. This guide outlines modern strategies to reduce move-in friction and prioritize high-value amenities that drive long-term retention.
Download Resource
From Placer.ai
The pandemic relocation wave has cooled, but new migration patterns are emerging. This report uses location analytics to reveal where Americans are moving in 2026 and why, offering key insights for developers, investors, and retailers.
Download Resource
From Assurant
With rising property insurance costs and flat rent growth, the compliance gap is a significant risk. This guide provides a data-driven action plan for Multifamily Housing professionals to help close that gap, reduce exposure, and boost NOI.
Download Resource
From Placer.ai
Return-to-office mandates have their limits. This report dives into the data to reveal how convenience-driven behaviors are truly impacting office recovery, and CRE professionals can best adapt.
Download Resource
From Placer.ai
As consumers become more selective, which retail and dining brands are set to thrive in 2026? This report uses location analytics to identify 10 standout companies and the specific, data-backed strategies driving their momentum to help you inform your strategy.
Download Resource
From Placer.ai
Which US metros are poised for major consumer growth? This report reveals the 5 markets to watch in 2026, using location analytics to uncover the unique trends driving retail and dining foot traffic in each city.
Download Resource
From Assurant
Rising insurance costs and NOI pressure are making budget season tougher. Many operators miss the hidden costs of incidents that erode profits. This guide offers a risk audit strategy to see your full exposure and protect your assets.
Download Resource
From Assurant
Multifamily operators are facing high turnover and staffing shortages. Discover how centralizing administrative work can create consistency, reduce risk, and free up onsite teams to focus on improving the resident experience.
Download Resource
From Foxen
Most multifamily operators require renters insurance. Yet even with policies in place, coverage gaps still happen. Policies lapse. Coverage falls short. And too often, those gaps aren’t discovered until after a loss. This guide provides a practical framework to help you identify compliance blind spots, reduce exposure, and evaluate solutions that truly protect your portfolio.
Download Resource
From Foxen
What ancillary services do renters value most? Foxen surveyed nearly 1,000 renters to find out. The 2026 Renter Value Report breaks down which programs renters are most likely to pay for, what makes a monthly charge feel worth it, and how owners and operators can use those insights to strengthen retention and protect NOI.
Download Resource
From Green Street
The 2026-27 leasing cycle saw moderating rent growth and the softest pre-leasing finish in years. Download our annual report for a data-driven review of national, regional, and property-level performance trends shaping the market.
Download Resource
From Green Street
Stop wrestling with manual data. Connect your ChatGPT, Claude, or other AI tool of choice to Green Street's MCP Server, and turn one property address into a full valuation, sales comps, market intelligence, and news in seconds.
Download Resource
From Green Street
Fueled by AI, the global data center market is booming. This summary, generated in seconds with the Green Street MCP Server, covers U.S. and European market forecasts, recent sales comps, development activity, and key REIT analysis.
Download Resource
From Colliers
The extend-and-pretend era for commercial real estate is over. With interest rates high, borrowers face new challenges. This white paper explores the lending market reset and how to navigate maturing debt through restructuring.
Download Resource
From Placer.ai
The 2026 World Cup brought high expectations for a summer boom. This report from Placer.ai and Colliers uses foot traffic data to reveal a more nuanced picture of where economic value was actually created for retailers, restaurants, and property owners.
Download Resource
From Placer.ai
Traditional retail anchors are losing their pull. Discover how shopping center visit patterns are changing and what data-driven strategies landlords can use to build a tenant mix that drives frequency, dwell time, and growth in a new era.
Download Resource
From Assurant
As smart home devices become standard, renters increasingly expect tech support. This guide reveals key data on renter expectations and shows how offering tech support can reduce maintenance burdens and give your property a competitive edge.
Download Resource
From Assurant
Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.
Download Resource
From Assurant
With new units flooding the multifamily market, competition is fierce. Traditional concessions are not enough. This guide outlines modern strategies to reduce move-in friction and prioritize high-value amenities that drive long-term retention.
Download Resource
From Placer.ai
The pandemic relocation wave has cooled, but new migration patterns are emerging. This report uses location analytics to reveal where Americans are moving in 2026 and why, offering key insights for developers, investors, and retailers.
Download Resource
From Assurant
With rising property insurance costs and flat rent growth, the compliance gap is a significant risk. This guide provides a data-driven action plan for Multifamily Housing professionals to help close that gap, reduce exposure, and boost NOI.
Download Resource
From Placer.ai
Return-to-office mandates have their limits. This report dives into the data to reveal how convenience-driven behaviors are truly impacting office recovery, and CRE professionals can best adapt.
Download Resource
From Placer.ai
As consumers become more selective, which retail and dining brands are set to thrive in 2026? This report uses location analytics to identify 10 standout companies and the specific, data-backed strategies driving their momentum to help you inform your strategy.
Download Resource
From Placer.ai
Which US metros are poised for major consumer growth? This report reveals the 5 markets to watch in 2026, using location analytics to uncover the unique trends driving retail and dining foot traffic in each city.
Download Resource