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The Center for Real Estate Studies provides Harlan Scholars and other students at NYLS a unique educational opportunity to examine a broad array of real estate issues in the private markets and the public sector. The Center includes an extensive selection of classroom courses, advanced seminars and independent study projects, externships in governmental offices and real estate firms as well as other opportunities to participate in or attend lectures, seminars and CLE programs.
Specialized courses in the curriculum offer the ability to study real estate law in depth. Most students begin their study of real estate with the basic “gateway” course – Real Estate Transactions & Finance. In addition, students may elect to take any number of upper-level real estate electives (described below). These electives are typically taught by full time faculty or adjuncts who are experienced practitioners at some of the best NYC law firms.
At the Center, students pursue a course of study specializing in the private practice or public regulation of Real Estate. The study of Real Estate in private practice can include real estate finance (e.g., mortgages, mezzanine loans and other non-traditional techniques); secondary mortgage market and mortgage-backed securitizations; bond financing; mixed-use construction and development; real estate leasing; acquisitions and dispositions of real property; condominium, coop and community association law; insurance, construction and broker law; mortgage foreclosures, workouts and restructurings; and governmental tax incentives and other entitlement programs.
For students interested in social justice and public policy issues, students focus on such topics as environmental sustainability, urban sprawl, gentrification and its effect on local communities, the preservation and creation of historical landmarks, parks and other open “green spaces,” affordable housing, land use, zoning, and eminent domain.
In addition, students may choose to focus on real estate in the context of another substantive area such as corporate and securities law, bankruptcy, tax and ERISA, trusts and estates, secured transactions, or environmental law. One of the Center’s goal is to provide each student with flexibility to pursue his/her individualized course of study.
REAL ESTATE CURRICULUM
Required Curriculum:
The required first-year course in Property provides a foundation for the advanced study of Real Estate at NYLS. In addition to first-year Property, Harlan Scholars affiliated with the Center for Real Estate Studies are required to take the following courses:
The Harlan Capstone experience is satisfied by taking the elective “Real Estate Center Capstone." This course is structured to permit the in-depth study of real estate topics with important social and political consequences. In academic year 2007-08, the Advanced Topics course will focus on Sustainable Development. [Note: if these courses are not offered in the evening schedule, alternate arrangements will be made for Harlan Scholars in the Evening Division.]
In addition, Harlan Scholars often choose to take one or more of the following courses:
Elective Courses Dealing Primarily with Real Estate:
Real Estate: Landlord/Tenant Law
Real Estate: Commercial Leasing
Real Estate: Cooperatives and Condominiums
Real Estate Development
Real Estate: Legal Planning and Practice
Real Estate: Workouts, Foreclosure and Bankruptcy
Drafting: Real Estate Documents
Environmental Issues in Real Estate and Business Transactions
Elective Courses Dealing Primarily with the Public Regulation of Real Estate:
Land Use Regulation
Environmental Governance Seminar
Environmental Law and Policy
Environmental Issues in Real Estate and Business Transactions
New York City Land Use Rules and Procedures
Elective Courses Dealing Primarily with Issues of Significance to Urban Areas:
Environmental Law and Policy
Housing & Lending Discrimination Laws
Urban Law Clinic
Elective Courses in other Specialties that are “Highly Recommended"
For students interested in the private practice of real estate, the Center highly recommends the following courses: Corporations; Wills, Trusts & Future Interests; Federal Income Tax: Individual; Secured Transactions; Bankruptcy; and Securities Regulation.
LEGAL WRITING
Harlan Students affiliated with the Center for Real Estate Studies will be members of the New York Law School Law Review and will comply with all of the relevant writing and other requirements.
PARTICIPATION IN MASTER CLASSES, SYMPOSIA & OTHER SOCIAL EVENTS
Harlan Scholars are invited to (and expected to attend) all Master Classes, Breakfast Forums, symposia, public lectures, CLE programs, and other special events hosted by the Center for Real Estate Studies.
REAL ESTATE LAW RELATED EXTERNSHIPS
The Center will assist students in securing appropriate externships, as available. In the past two academic years, students have been employed at a variety of organizations, including Wilf & Silverman, Stroock & Stoock & Lavan, NYC Law Department, Lower Manhattan Development Corp., Grad & Weinraub, Finkelstein Newman, and Thor Equities.
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