To read the full text of the articles in the August 2016 edition of Foundation, please download the PDF

A Note from the Chairs
by Pelayo Coll and Samuel M. Walker

Welcome to the August edition of Foundation, Blank Rome's real estate newsletter. As the summer comes to an end, we want to take this opportunity to express our gratitude to our clients for trusting our Firm with their most critical legal matters and needs. Looking back at the first half of the year, we are extremely proud of our real estate group's accomplishments. (Read more)

Buy-Sell Triggers: When Is a "Buy-Sell" the Right Strategy?
by Corey Tarzik

Sophisticated real estate investors form joint ventures with the understanding that they are each entering into the venture with disparate strategic interests, risk thresholds, capital accessibility, and investment timetables. Even presuming good faith among the co-venturers, business disagreements can and do arise from these divergent interests. (Read more)

Shopping Center Acquisitions: 5 Key Points from a Purchaser's Perspective 
by Dayna C. Finkelstein

We live in a time when online shopping has become an integral and natural part of our consumer experience. Despite this new normal, brick and mortar retail developments continue to thrive nationally, remaining a popular asset as the subject of real estate acquisitions. (Read more)

Casualty under a Lease; Feeling the Burn
by Stuart D. Kaplan

Despite the numerous provisions in a typical office lease that are triggered by the occurrence of a building fire or other casualty, rarely do attorneys have the "opportunity" to counsel their landlord clients on the operation of these provisions after an actual casualty. When they do, their clients will be impressed (or dismayed) by the interrelatedness among clauses governing insurance, restoration, the character of leasehold improvements, force majeure, and other issues. (Read more)

The Nuances of Hotel Acquisitions 
by Matthew J. Comisky

The purchase of a hotel property creates numerous challenges because of the variety of issues and skill sets involved in evaluating, negotiating, and completing the transaction. The following discussion highlights several key issues to consider in such a purchase.(Read more)

Chambers USA 2016 Honors Blank Rome Real Estate Practice and Attorneys

Blank Rome's real estate group and attorneys, as well as many of the Firm's other practice groups and attorneys, were highly ranked in the 2016 edition of Chambers USAas "leaders in their fields." (Read more)

Blank Rome Points of Interest

Since the April 2016 edition of Foundation, Blank Rome welcomed new partners, associates, and counsel across the Firm's offices and practices. Below are new hires that joined the Firm's real estate group, as well as others who will enhance service offerings to all of our clients. (Read more)

A Cautionary Tale: Consequences for Minority Partner Wrongfully Causing Partnership's Dissolution
by Rachel Sims

Do you understand the provisions of your partnership agreement? If not, a recent decision from the New York State Appellate Division, Second Department, establishes that your failure to understand partnership provisions concerning dissolution may cost you dearly. (Read more)

Noteworthy Real Estate Deals 

Get up-to-date on Blank Rome's recent successful client representations and transactions in the real estate industry. (Read more)

© 2016 Blank Rome LLP. All rights reserved. Please contact Blank Rome for permission to reprint. Notice: The purpose of this update is to identify select developments that may be of interest to readers. The information contained herein is abridged and summarized from various sources, the accuracy and completeness of which cannot be assured. This update should not be construed as legal advice or opinion, and is not a substitute for the advice of counsel.