VRN, May 2017 Letter of Intent: Less Can Be More By: Lori Kilberg and Benno Rothschild Retail lease negotiations can be time consuming and costly. In almost every instance, we recommend outlining in writing the basic lease terms before drafting the actual lease agreement, whether or not the parties execute a formal Letter of Intent [...]
Each Wednesday, The Wrap presents a compilation of recent noteworthy commercial real estate stories from a variety of publications. Below are five stories that caught our eyes in recent days.
By Jeremy Cohen, partner If you told me five years ago that the selling of distressed notes by banks would become a virtual retail industry, I wouldn’t have believed it. Yet here we are, and business is booming. As an example of the frenzy, I recently had three different clients bidding on the same note. [...]
It’s Black Friday! Nicknamed “Black Friday” because it is traditionally the day retailers go from being “in the red” to being in “the black,” the day after Thanksgiving has become an American tradition, as well as an early predictor for holiday shopping sales. At Hartman Simons, we have many, many retail clients — so we [...]
And the winner is…John Carey! As the lucky winner of our ICSC party raffle, John not only gets an iPad 2, but also an opportunity to be this week’s Four on Friday guest. What a lucky guy! John, based in Hartford, Conn., works for Hutensky Capital Partners, a real estate fund manager that invests in [...]
By Benno Rothschild, partner, Hartman Simons Let’s assume the real estate market has hit bottom, and things are starting to look up. (Fingers crossed.) On the way out of this recession, I have three tips, from a legal perspective, for landlords negotiating leases. I addressed these issues recently with Invesco’s real estate group in Texas, [...]
By Bob Simons, managing partner, Hartman Simons Welcome to the Hartman Simons blog! We are launching this new forum today as another way to engage with the business community — including you. With a focus on commercial real estate, including office, retail, industrial, multi-family, land, distressed assets, litigation and more, we have a unique window [...]