Marc maintains a diverse real estate and corporate transactional practice focused on the acquisition, development and preservation of affordable housing, commercial leasing matters, the representation of lenders and borrowers in real estate financing transactions, loan workouts and foreclosures, architectural and construction agreements, and the representation of cooperative corporations and condominium associations. His practice includes the acquisition and sale of residential and other real estate properties, providing ongoing general corporate and estate planning advice to individuals and closely-held businesses, guardianship matters, and Cuban travel-related transaction licensing and compliance. Marc is the firm's official member of the International Council of Shopping Centers (ICSC).
Marc serves on the North American Board of Trustees of the Union for Reform Judaism, and as a member of its Commission on Social Action as well as its Membership and Camping committees. He formerly served on the executive board of the Council of New York Cooperatives and Condominiums (CNYC), and is the past chairperson of the New York City chapter of Citizen Action of New York. He is an elected Democratic Party district leader on the Upper West Side of Manhattan and formerly served as an officer and member of Community Board 7 in Manhattan, and as a chief of staff and counsel to a member of the New York State Legislature.
In 2015, Marc was presented with a Distinguished Achievement Award for Corporate Social Responsibility by City & State Reports. Previously, he has been honored by Manhattan Legal Services and Legal Services of New York for his pro bono assistance to limited-income tenants who were facing eviction from two women’s residences in Manhattan, and by the New York State Bar Association with the President’s Pro Bono Service Award for his dedication as an attorney-activist on behalf of community-based health, education and social services organizations. Currently, Marc serves as pro bono counsel to many educational, religious, community and block associations.
Peer Review Rating
AV Preeminent Rated by Martindale-Hubbell
Fashion Law Blog
The Fashion Industry Law Blog, includes posts published by the members of the Fashion Law Practice of Phillips Nizer LLP and attorneys in other related practice areas.
•City & State Reports Corporate Social Responsibility (CSR) Award for Distinguished Achievement in Legal and Community Services (2015)
•New York State Bar Assn., President's Pro Bono Service Award
•Manhattan Legal Services, Legal Advocacy Award
•Super Lawyers - Metro New York Edition (Real Estate), (2009 - 2018)
•Super Lawyers - Business Edition (Construction, Real Estate & Environmental) Edition (2012 - Present)
•Super Lawyers - Corporate Counsel Edition (2010 - Present)
News & Publications
•Law360 publishes feature on partner Edward Ed Schauder's arrival to the firm; quotes Ed and Marc Landis, managing partner
Phillips Nizer s newest attorney, partner Ed Schauder, is the feature of a Law360 article published today. Ed, who practices in corporate and business law, as well as intellectual property, will chair our firm s Sports Law Practice.
Ed s quote:
That really excites me, that I’ll be able to offer current clients, prospective clients comprehensive service, but also be helpful to others that are representing people now, and be able to leverage my skill set to offer more services to the firm’s existing clients as well,” he said in a phone interview. “I’m already hitting the ground running.
Marc Landis quote:
Ed brings expertise, Ed brings a network of current and former and prospective clients that will benefit not only from the legal services that Ed provides, but that our firm can offer across the board...I’m really excited that Ed will be part of our team. In his first week here, we’ve already seen quickly that there will be great synergies with Ed’s work and the rest of our work.
•Super Lawyers (2018)
Seventeen Phillips Nizer attorneys were announced on September 13, 2018 as selected for inclusion on the 2018 New York Metro Super Lawyers and Rising Stars lists. Attorneys represented a cross-section of several practice areas and industry teams.
•Media - Corporate Practice partner Alan Behr and managing partner and Real Estate Practice co-chair Marc Landis comment on the Toys R Us bankruptcy filing and recent reports of major retailers, such as Target, Aldi and Big Lots, interested in the vacated properties owned or leased by the toy retailer.
Read Target, Aldi, Big Lots eyeing Toys R Us real estate published here in Retail Dive.
•Media - Partners Marc Landis and Lauren Wachtler quoted by the New York Law Journal in the article, What’s Working to Increase Diversity Among Associates, Partners? Midsize Firms Share Their Secrets
Lauren, who joined the firm in January 2018, is a co-author of the report, “ If Not Now, When? Achieving Equality for Women Attorneys in the Courtroom and in ADR, ” adopted by the New York State Bar Associaiton’s House of Delegates in November 2017.
Wachtler’s reputation in the women’s rights arena is helping the firm hire female associates who want to learn from her, Landis said. “She’s the new exciting thing that we talk to prospective associates about,” he [Landis] said...In addition to hiring Wachtler, the firm elevated two female attorneys to partner and named a female co-chair for its real estate practice. It also added Asian-American and African-American partners. And of five associates who joined in 2017, four are female, one is African-American and one is Asian-American...In assembling a diverse workforce, Landis said it’s important to take a broad view. So look to hire and promote younger partners, lesbian and gay partners, and partners with different political views...
I don’t want anyone to get the wrong idea. We happily bring in talented men and people who are not of color as well,” he said. ”I want to emphasize that while we have promoted many people into leadership roles and leadership opportunities, we haven’t discarded our senior people.”
•Co-op and Condo Buildings Subject to Heightened Disclosure and Annual Reporting Requirements for Related Party Transactions
•When residents reject the flip...TRY, TRY AGAIN (HABITAT magazine)
•Super Lawyers (2017)
It was announced on September 20, 2017, that sixteen Phillips Nizer attorneys were selected for inclusion on the 2017 Super Lawyers list. Alternative Dispute Resolution, Banking, Business Litigation, Entertainment, Intellectual Property, and Trusts & Estates practices were represented.
•Media - The Real Deal quotes Marc Landis in Fine print hints at an even broader US crackdown on luxe real estate deals: Treasury is looking to close loopholes in LLC disclosure law regarding the Treasury Department s Financial Crimes Enforcement Network (FinCEN) tracking of luxury residential real estate deals in places like Manhattan (New York County, New York).
The Real Deal quotes Marc Landis in Fine print hints at an even broader US crackdown on luxe real estate deals: Treasury is looking to close loopholes in LLC disclosure law regarding the Treasury Department s Financial Crimes Enforcement Network (FinCEN) tracking of luxury residential real estate deals in places like Manhattan (New York County, New York).
FinCEN has begun to close loopholes, such as all-cash deals involving wire transfers used by residential purchasers that can be linked to money laundering. Individuals involved in the purchase of luxury residential real estate using an LLC or corporate entity are required to be disclosed by certain title insurance companies according to FinCEN s new rule. Commercial real estate deals may be next on FinCEN s radar.
Says Marc: While the focus remains on luxury real estate, they’re foreshadowing [a focus on] commercial real estate...They’re continuing to broaden the things that they’re going to look at.
• Speaking Engagement - Managing Partner, Marc Landis, will be a featured speaker at the New York State Bar Association s (NYSBA) Managing Partners Conference on “The Orderly Succession of Firm Governance and the Transition of Clients From Senior Partners to Other Members of the Firm” on Tuesday, June 20th from 5:00 - 6:30 p.m.
Speaking Engagement - Managing Partner, Marc Landis, will be a featured speaker at the New York State Bar Association s (NYSBA) Managing Partners Conference on “The Orderly Succession of Firm Governance and the Transition of Clients From Senior Partners to Other Members of the Firm” on Tuesday, June 20th from 5:00 - 6:30 p.m.
•Media - Marc Landis, our managing partner, was quoted by GlobeSt.com regarding President Trump s tax proposal.
There will be lower income tax rates for some; potential interest rate increases for all.
•Media - “Law Firm Succession Planning,” an article authored by Marc Landis, Managing Partner, and Mark Elliott, Chair, Litigation Practice, has been published in the April 24th Partnership Special Report of the New York Law Journal.
New York Law Journal.
•Law Firm Succession Planning (New York Law Journal)
•Media - Private Air Luxury Homes magazine quotes Marc Landis, Real Estate Law Practice chair, exclusively in its November/December issue highlighting the US Treasury Department’s announcement that all-cash purchases in parts of California and Texas - like New York County (Manhattan) and Miami-Dade County (Florida) - would be tracked by the Financial Crimes Enforcement Network (FinCEN).
Private Air Luxury Homes magazine quotes Marc Landis, Real Estate Law Practice chair, exclusively in its November/December issue highlighting the US Treasury Department’s announcement that all-cash purchases in parts of California and Texas - like New York County (Manhattan) and Miami-Dade County (Florida) - would be tracked by the Financial Crimes Enforcement Network (FinCEN).
The article, “Perspective on US Treasury Department Regulations on Purchases of Luxury Real Estate” appears in the issue’s Investments section (pg 100).
•Speaking Engagement - Managing Partner and Real Estate Law Practice chairman, Marc Landis, and Real Estate Law associate, Karen Schwimmer, will be speakers at the Monday, October 31, 2016 New York Residential Specialist (NYRS) Procedures for Investing in Commercial Real Estate Education Series .
Marc and Karen s topic is entitled, De-mystifying the Spooky Stuff: Due Diligence and Legal Issues Across Different Property Types .
•Super Lawyers (2016)
On September 21, 2016 it was announced by Super Lawyers that twenty-three Phillips Nizer attorney were selected for inclusion on the 2016 Super Lawyers and Rising Stars lists. This is the second consecutive year the firm has had twenty-three lawyers recognized.
•?Speaking Engagment - Managing Partner and Real Estate Law practice chair, Marc Landis, will be a featured panelist on the Strafford CLE webinar, Title Insurance Coverage: What Real Estate Counsel Must Know, on Thursday, October 13th at 1:00 p.m. EST.
Title Insurance Coverage: What Real Estate Counsel Must Know, on Thursday, October 13th at 1:00 p.m. EST.
The 90-minute webinar will provide real estate counsel with an overview of the latest developments in title insurance coverage and explain best practices for evaluating and negotiating coverage, exclusions and endorsements under American Land Title Association (ALTA) policies.
•US Govt Expands Efforts to Penetrate Secrecy in Residential Transactions Across NYC, Other Gateway Cities
•Media - Habitat Magazine (online) quotes Managing Partner and Real Estate Law Practice chair, Marc Landis in its Beyond Board Talk section of its May 2016 issue.
Habitat Magazine (online) quotes Managing Partner and Real Estate Law Practice chair, Marc Landis in its Beyond Board Talk section of its May 2016 issue.
A residential co-op building shareholder questions whether all shareholders are being treated equitably when opportunities arise to offer their apartments for film and television shoots, which is tradition in their building. One upper floor co-operative shareholder was denied by the board s president the ability to offer their apartment to a location scout. Instead, the board president relayed the offer to an apartment shareholder on the first floor.
•Media - New York Magazine quotes Marc Landis in the article, “Chinese Multimillionaires Helped Fuel NYC’s Ultra-Luxury Condo Boom. Are They Now About to Make It All Go Bust?”
New York Magazine quotes Marc Landis in the article, “Chinese Multimillionaires Helped Fuel NYC’s Ultra-Luxury Condo Boom. Are They Now About to Make It All Go Bust?”
The article highlights the apparent cooling of wealthy Chinese on Manhattan’s luxury residential market, which may be a result of the enforcement of a law in China forbidding the transfer abroad of more than $50,000 per person annually and oversupply at the top of the market. Another concern could be FinCEN’s recent announcement of new rules regarding the collection of names and other identifiable information of luxury residential buyers in Manhattan, which begins on March 1st. Says Marc, “People who have legitimate needs for privacy but are concerned that their information may not be secure may back away from investing...”
Ref: Legal Alert
•Media - In this month’s issue of Private Asset Management, managing partner and chairman of the Real Estate Practice Marc Landis and International Trusts & Estates and Tax partner Michael Galligan comment on the U.S. government’s attempt to combat money laundering through high-end, luxury residential real estate purchases.
In January, the U.S. Treasury s Financial Crimes Enforcement Network’s (FinCEN)’s announced new rules for purchasers of luxury residential real estate in excess of $3 million in New York County (Manhattan) and in excess of $1 million in Miami-Dade County. FinCEN s new mandatory disclosure requirements of certain title insurance companies representing these purchasers go into effect on March 1, 2016.
Ref: Legal Alert
•Media - Law360 quotes Real Estate Practice chairman, Marc Landis, in an article highlighting the use of anonymous shell companies to purchase luxury assets, including residential real estate, in the United States using questionable funds.
The article, Attorney-CLient Privilege At Stake In Real Estate Bill, follows the Sunday, January 31, 2016 CBS Television 60 Minutes report, Anonymous Inc., of hidden camera footage made by a British watchdog group highlighting loopholes in the US system and the ease for unscrupulous transactions to take place, often with the help of professional service providers.
Ref: Legal Alert
•?Speaking Engagment - Marc A. Landis, Phillips Nizer s managing partner and chairman of the firm s Real Estate Practice will be a featured speaker at the 2016 New York State Bar Association s (NYSBA) Annual Meeting to be held on January 25 - 29, in New York City.
2016 New York State Bar Association s (NYSBA) Annual Meeting to be held on January 25 - 29, in New York City.
Mr. Landis will participate on the panel, Tips for Structuring the Leadership Role of Managing Partner Implementing a Leadership Structure in Law Firms, during in the Law Practice Management (LPM) Day Leadership Development Conference on January 28. The panel will address several topics, including the Necessity for Defining Management Philosophy and Position of Managing Partner within Firm Structure - Firm Size; Single/Multiple Offices, etc. and Danger Areas that Managing Partners Should Avoid.
The LPM Day is co-sponsored by the NYSBA Committee on Law Practice Management, the Committee on Attorney Professionalism and the Lawyer Assistance Committee.
•Media - Cooperator.com quoted partner and Real Estate Practice chair, Marc Landis, in the article, Feds Go After NYC s Foreign Luxury Condo Buyers: What the New Regulations Mean for Boards on January 27, 2016.
Cooperator.com is the online edition of the The Cooperator newspaper, a monthly publication providing news and articles related to topical issues related to management, finance and law, targeted to co-operatives and condominium owners, managers and board members in New York. The article highlights recent mandatory disclosure requirements imposed by FinCEN, a division of the US Treasury Department, of certain title insurance companies representing purchasers of luxury residential real estate in Manhattan.
Ref: Legal Alert
•Media - Marc Landis, Phillips Nizer s Real Estate Practice chairman and the firm s managing partner, was quoted by The Real Deal about new requirements by The Financial Crimes Enforcement Network, a unit of the US Treasury Department, of certain title insurance companies who engage with buyers paying all cash of high-end residential real estate in Manhattan and Miami.
The Real Deal about new requirements by The Financial Crimes Enforcement Network, a unit of the US Treasury Department, of certain title insurance companies who engage with buyers paying all cash of high-end residential real estate in Manhattan and Miami.
Purchasers can no longer remain anonymous. FinCEN will now collect their names and other identifiable information of buyers in a database.
Marc expects that the order by FinCEN of title insurance companies will be extended beyond the 180 days of the current mandate. He also believes that there is the potential for this request to expand to other locales where high-end residential markets exist, including Los Angeles, Silicon Valley and Boston.
Ref: Legal Alert
•Media - The Wall Street Journal quotes Marc Landis in its lead story of The Morning Risk Report regarding the new US Department of the Treasury Financial Crimes Enforcement Network ( FinCEN ) requirements of identification and disclosure of names of all cash buyers of luxury residential real estate in New York County, New York (Manhattan) and Miami-Dade County.
Media - The Wall Street Journal quotes Marc Landis in its lead story of The Morning Risk Report regarding the new US Department of the Treasury Financial Crimes Enforcement Network ( FinCEN ) requirements of identification and disclosure of names of all cash buyers of luxury residential real estate in New York County, New York (Manhattan) and Miami-Dade County.
No longer will buyers, including individuals and limited liability companies, be anonymous.
According to Marc, he expects FinCEN will extend the requirement to other cities and in suburbs, and he believes places such as Los Angeles, San Francisco and Seattle are prime targets -- as well Hawaii. If they re [FinCEN] looking for places where high-end investors are looking to spend their money, that s going to be on the list as well.
Ref: Legal Alert
•Media - Marc Landis is mentioned in Law360 article, FinCEN Shines Light On Desk Money Real Estate Deals, published on January 14, 2016 regarding new requirements by the Financial Crimes Enforcement Network ( FinCEN ), a unit of the US Department of the Treasury, of full identification and disclosure by certain title insurance companies of purchasers of multi-million dollar residential real estate in New York County, New York (Manhattan) and Miami-Dade County, Florida.
According to Law360 reporter, Evan Weinberger, these new requirements are a result of FinCEN s suspicions of illicit funds being used in high-end real estate and a New York Times investigation last year that found wealthy individuals from abroad were using expensive real estate in those two locales to evade local taxes. Marc believes compliance by title insurance companies to provide this information should be simple.
Ref: Legal Alert
•Media - Managing Partner, Marc Landis, was quoted by Forbes magazine on January 14 regarding new US Treasury Department identification and disclosure requirements for certain title insurance companies of all cash buyers of luxury residential real estate in New York County, New York (Manhattan) and Miami-Dade County, Florida.
Forbes magazine on January 14 regarding new US Treasury Department identification and disclosure requirements for certain title insurance companies of all cash buyers of luxury residential real estate in New York County, New York (Manhattan) and Miami-Dade County, Florida.
The new regulations apply to properties in excess of $3 million in Manhattan and in excess of $1 million in Miami. This requirement by FinCEN, the Financial Crimes Enforcement Network, a unit of the Treasury Department, takes effect on March 1, 2016 and will remain in effect for 180 days, through August 27, 2016.
Ref: Legal Alert
•US Government to Penetrate Secrecy in Manhattan, Miami Residential Transactions
•US-Cuba Detente: Revised US Regulations and New Opportunities for Engagement
•Super Lawyers (2015)
Phillips Nizer was honored to announce that twenty-three of its attorneys were recognized as 2015 Super Lawyers and Rising Stars. Attorneys who were recognized represented over a dozen practice areas. The annual Super Lawyers lists are a result of confidential peer review and independent research.
•?Super Lawyers (2014)
In an announcement on September 23, 2014, twenty-six Phillips Nizer attorneys were recognized on the Metro New York 2014 Super Lawyers and Rising Stars lists. Twenty-two partners, senior counsel and counsel were selected as Super Lawyers. Four counsel and associates were selected as Rising Stars. The 2014 selections crossed all major practice groups. The annual Super Lawyers lists are a result of confidential peer review and independent research.
•Super Lawyers (2013)
Nineteen Phillips Nizer attorneys were selected by Super Lawyers and recognized in the 2013 New York Super Lawyers - Metro Edition publication. As was the case in 2012, attorneys selected represented several practice areas. The Firm achieved a significant increase in the number of honorees, including one recognized as a Rising Star . Each year, attorneys are nominated across various legal practices and vetted through a process of confidential peer review. Independent research by the publisher is an important component before one can be selected as a Super Lawyer .
•Super Lawyers (2012)
Phillips Nizer was honored with the selection of twelve of its attorneys for the 2012 New York Super Lawyers - Metro edition. The attorneys were recognized across seven practice areas - Alternative Dispute Resolution, Entertainment Law, Environmental Law, Estate Planning & Probate Law, Family Law, General Litigation, and Real Estate Law.
•?Super Lawyers (2011)
Thirteen Phillips Nizer attorneys represented across seven distinct areas were recognized as 2011 Super Lawyers . Super Lawyers, a publication of Thomson Reuters, reviews nominations of attorneys across various legal practice areas. Those ultimately selected as Super Lawyers were vetted through a process involving peer review and independent research by the publisher.
•Airspace Conveyance Policy Changes: New York City s new requirement has widespread implications (New York Law Journal, Real Estate Special Section)
•Transferring Development Rights In New York City (New York Law Journal, September 29, 2008)
•New York City Bar Association
•New York State Bar Association (Business Law, Real Property Law, Trusts & Estates Law Sections)
•New Jersey State Bar Association
•American Bar Association
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