|
Purchase/Sale/Development/Investment/Financing
Our clients rely on us through all phases,
including acquisition, development,
financing and sale of commercial properties.
Activities include:
-
Negotiation of deal documents
-
Review and Preparation of purchase and
sale documents
-
Title reviews
-
Financial structuring and documentation
-
Proper due diligence to avoid inheriting
environmental, construction, or land use
violations
-
Drafting and negotiating contracts for
design and construction efforts
Experience in these matters counts, and
Corey Kupfer personally involves himself in
this area as it has been his passion for
many years. His expertise is reflected in
the holdings and dealings of the
Blue
Whale Real Estate Funds, which
he founded and manages.
Kupfer & Associates attorneys have
handled deals ranging from an acquisition of
a garment center building in Manhattan to
parcels in Williamsburg, Brooklyn for
condominium development to a warehouse on
Long Island for a client’s business use. We
have also represented clients in financing
deals ranging from hundreds of thousands to
tens of millions of dollars.
Leasing
There is no other market in the U.S. that
presents the complexity of leasing
commercial property in Manhattan. Tenants
accustomed to 5-20 page leases elsewhere are
amazed when presented with 40-100 page
leases in New York. Without experienced
legal review they may have no idea how
intricately these can be written to the
advantage of the landlord.
A
small sample of issues of concern are:
-
Understanding loss factor – the square
footage you pay for is much higher than
the useable square footage and this loss
factor is different from building to
building.
-
Escalation clauses (which can raise base
rents significantly). For example, most
out-of-state companies have never heard
of a “porter’s wage clause” (tenant rent
increases based upon wage increases of
certain union workers on the property)
not to mention whether it is with or
without fringes.
-
Pass-throughs for improvements, tax
increases, expense adjustments, etc.
-
Complicated restrictions on assignment,
subletting, alterations and other Tenant
actions.
-
Relocation clauses.
Because we represent Landlords as well
as Tenants, we understand these issues very
well from both sides of the table.
We invite you to contact
our attorneys
to learn more about how Kupfer & Associates
can assist in structuring all of your real
property activities.
|
