The Little-Known Connection Between Immigration Policy and Real Estate Law

Real estate development, particularly in booming areas of New York and Florida, is directly impacted by federal immigration policies.

In this episode of Inside R&E, Michael A. Pensabene, R&E Litigation Member, invites a seasoned immigration attorney, Alexis S. Axelrad, Partner with Barst & Mukamal LLP, for a dynamic discussion revealing the many ways in which immigration laws change the scope of real estate development in major cities across the U.S.

Together they discuss recent legislation related to foreign national property ownership, along with investment programs like EB-5, which was responsible for the development of Hudson Yards, among other projects. While lawmakers prioritize national security with thorough vetting, these tightening immigration laws could slow down or halt much-needed development in key U.S. cities facing housing shortages.

Michael A. Pensabene’s practice spans all areas of commercial litigation, with a focus on joint venture and partnership disputes, contract and lease disputes, landlord/tenant litigation, construction issues and condo/coop disputes, as well as board representation of co-ops and condos. His experience affords him the judgment to evaluate the interests of the parties, and to know how and when to assert clients’ rights to achieve their objectives.

Alexis S. Axelrad maintains a dynamic corporate and family-based US immigration practice based out of New York City. She has been active in the American Immigration Lawyers Association (AILA) for over 25 years and currently serves as First Vice-President of AILA’s Executive Committee responsible for advancing the goals and mission of the organization.

For any questions related to this episode, contact Michael A. Pensabene at mpensabene@rosenbergestis.com or (212) 551-8406. Alexis S. Axelrad can be reached at aaxelrad@barstlaw.com.

Click here to stream this episode.