Changes in Commercial Leases to Be Addressed by Joshua Stein and Deborah Goldman of Joshua Stein PLLC

April 28 at New York State Bar Association Seminar

Joshua Stein and Deborah L. Goldman of the commercial real estate law firm Joshua Stein PLLC will discuss how changes in the retail marketplace affect lease negotiations for major commercial tenants, as part of an all-day seminar on commercial leases hosted by the New York State Bar Association.

The program will take place on April 28 at the New York Society of Security Analysts, 1540 Broadway, Suite 1010. Mr. Stein’s presentation will run from 9:10 a.m. to 10:25 a.m.; Ms. Goldman’s, from 2:05 p.m. to 2:55 p.m.

“The last time we had a session on this subject was in 2010,” said Ms. Goldman, who co-chairs the bar association’s commercial leasing committee, “but the landscape has changed tremendously since then, with more and more Americans shopping online and the growing recognition that the United States has much more retail space than it needs.”

Ms. Goldman will focus on the needs of major retail tenants, those occupying 20,000 square feet or more. “Given the extraordinary changes in the marketplace,” she said, “it is essential to face squarely such shopping center issues as free-standing buildings vs. in-line tenants, and such anchor tenant concerns as making a huge investment of millions of dollars in building out, the presence of nearby competitors, and concerns by large tenants like movie theaters about what to do if other stores in the shopping center decide to close.”

She also said pad site tenants that build their own buildings must pay close attention to the changing agendas of leasehold lenders, rather than automatically accepting a landlord’s view of how this deal structure should work.

Mr. Stein will focus his presentation on how commercial tenants can deal with leases that they no longer want. He’ll look at assignment and subletting restrictions, strategies to handle landlords, the role of guaranties, and how tenants and landlords might best approach this negotiation.

Program materials for the seminar will include some chapters from the upcoming third edition of the bar association’s two-volume treatise on Commercial Leasing, for which Mr. Stein serves as general editor.

To register, please call: 1-800-582-2452, or log onto www.nysba.org/CommercialLeasesCLE

 ​Joshua Stein PLLC handles commercial real estate financing, leases (ground and space), development, hotel transactions, and acquisitions and sales. Its clients range from global banks to major developers to individuals acquiring LLC interests in small buildings or signing a lease for their first retail space. For more information, visit: www.joshuastein.com

Mr. Stein is one of the most prolific writers on commercial real estate law and practice in the United States, having written 250+ articles and five books on these subjects. He is a former chair of the New York State Bar Association’s Real Property Law Section.

Deborah Goldman brings to her legal practice the benefit of an MBA in Real Estate Finance from Columbia Business School and the practical non-legal experience of having worked in the development department of Starwood Hotels and Resorts after completing business school. She graduated cum laude from New York University Law School in 1992 and immediately began practicing commercial real estate law with the former Shea and Gould. Later, she worked at a several large law firms, including with Joshua Stein and some of his partners at his previous firm. As Of Counsel at Joshua Stein PLLC for over six years, she emphasizes commercial leasing work, but also handles acquisitions, financings, and other transactions. For the story of how she was hired, visit this web address: www.pdf2go.org/288.html.

From:              Joshua Stein
                        Joshua Stein PLLC
                        501 Madison Avenue
                        New York, NY 10022

Contact:         David M. Grant
                        david@grantpr.com
                        646-699-7832

Source: Grant PR


Categories: Real Estate Law

Tags: commercial lease law, Commercial leases, lease negotiations, New York Bar Associations


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