Valuation of Real Estate in Eminent Domain Proceedings During Recession

, New York Law Journal

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James G. Greilsheimer, counsel at Kramer Levin Naftalis & Frankel, and Cynthia Lovinger Siderman, an associate at the firm, ask: 'Should property taken during the Great Recession be valued in the usual manner as of the date of taking, thereby presumably giving the condemnor the benefit of a lower value, or should sales before the Great Recession be taken into account to spare the condemnee from what could otherwise be an unfair result?'

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