In a field long accustomed to market turbulence, the buyers and sellers of commercial real estate face unprecedented disruption, as long-held assumptions about the space needs of office, retail, healthcare and other sectors undergo serious rethinking. Our attorneys are witnesses to, and participants in, major repositionings across all these sectors nationwide. As our clients face novel market conditions, with multiple variables in flux, they trust us to negotiate purchase and sale agreements covering a wide variety of property types, financings, refinancings and construction loans, and to help them make informed decisions at every stage of their real estate transactions.
Transactions Informed by Leasing
Fully integrated with our large commercial leasing practice, we bring a deep knowledge of tenant and landlord leasing behaviors to the buying and selling of properties. Especially in the purchase of populated properties, we bring a special understanding of the issues that can arise around leases assumed in such purchases. Our clients rely on our insights into the details of these leases, as well as into any union contracts, pension problems, tax implications and other issues arising from purchase and sale agreements.
Monitoring Changing Space Needs
As commercial real estate markets absorb the myriad shocks attending the COVID-19 pandemic, we help clients reassess space requirements in their respective industries. Retailers are placing new emphasis on “last mile” logistics facilities that allow them to fulfill online orders more efficiently. Health systems are opening clinics and other smaller facilities to feed into larger medical centers. Office buildings are facing significant contraction in the space needs of tenants and must adjust accordingly. In all these sectors and more, we bring vast experience and meaningful perspective to the acquisition and disposition of our clients’ real estate assets