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Workouts of Office Leases—OSB CLE Quick Call


1 General CLE credit

As businesses seek to control costs by downsizing their workforces and taking other steps, they often look to their office and retail leases as potential sources of savings. Demands by commercial tenants to renegotiate or work out their leases have put pressure on landlords to maintain their rent rolls where they can, renegotiate where they must, and not trip defaults in their own mortgage obligations. This program explores the practical economics of working out office and retail leases, from the vantage point of both landlords and tenants, including what each can reasonably expect from the other and major tax and landlord mortgage considerations.

Day 1—March 9, 2010—Office Leases

  • Economics of renegotiating office leases
  • Determining what a tenant can reasonably ask for in a workout
  • Landlord responses and potential remedies
  • Landlord mortgage issues
  • Income and property tax concerns

Click to register for Day 1:

Day 2—March 10, 2010—Retail Leases

  • Economics of renegotiating retail leases
  • Workout strategies and alternatives for retail tenants
  • Landlord responses and potential remedies
  • Special workout issues with national retail chains
  • Bankruptcy issues

Click to register for Day 2:

Speakers: Mark A. Senn is a partner in the Denver law firm of Senn Visciano Rosenstein PC, where he has an extensive national real estate practice, including commercial leasing, purchases and sales, title cases, condominiums, loan and workout transactions, and mezzanine financing transactions. He is the author of Commercial Real Estate Leases: Preparation, Negotiation and Forms (3d ed.) and Commercial Real Estate Transactions Handbook (3d ed), both published by Aspen Law & Business. He is a member of the Board of Governors of the American College of Real Estate Lawyers and a member of the Board of the Advisors of the newsletter Commercial Lease Law Insider.

Richard R. Goldberg is Senior Counsel in the Philadelphia office of Ballard Spahr LLP, where he has an extensive real estate practice, including development, financing, leasing, and acquisition. Earlier in his career, he served as Vice President and Associate General Counsel of the Rouse Company for 23 years. Mr. Goldberg is a Fellow of the American College of Mortgage Attorneys and is a member of the American Law Institute. He is a past president of the American College of Real Estate Lawyers, past chair of the Anglo-American Real Property Institute, and past chair of the International Council of Shopping Centers Law Conference. Mr. Goldberg holds an LL.B. from the University of Maryland School of Law.