Real Estate/Development
Apr. 14, 2020
COVID-19 redefines commercial leasing
Even if the most restrictive social distancing measures adopted to address the pandemic last for only a short time, with brick-and-mortar establishments forced to shut their doors, consumer spending has declined and tenants have begun to face extreme hardship in meeting their rent and financing commitments. While some landlords may have the liquidity to offer rent concessions, they still face financing and other contractual obligations of their own.
Grace Winters
Partner
Manatt, Phelps & Phillips, LLP
Grace is a Real Estate partner in the firm's Orange County office. She represents property owners, developers, capital providers, landlords, tenants and investment fund managers in connection with acquisitions, dispositions, joint ventures, exchanges, development, ground leasing, commercial leasing, financing, construction and other transactions involving real property.
Anita Sabine
Partner
Manatt, Phelps & Phillips, LLP
Anita is a partner in the firm's Los Angeles office and leads the firm's real estate transactions and finance practice and the cannabis and CBD practice. She represents owners, operators, lenders, developers, investors and others in a range of financing, development, leasing and investment-related transactions.
Martin Steere
Partner
Manatt, Phelps & Phillips, LLP
Marty is a Real Estate partner in the firm's Los Angeles office. His practice encompasses all aspects of transactional matters, including the structuring of complex acquisitions and dispositions of real property.
Alison Weinberg-Fahey
Associate
Manatt, Phelps & Phillips LLP
Alison is a Real Estate associate and director in the firm's Los Angeles office. She focuses her practice on commercial real estate transactions, including acquisitions and dispositions, development, joint ventures, and secured loans.
Commercial leasing has been around since antiquity and over the centuries has evolved into a relatively predictable set of knowns and unknowns, risk allocations, and established market terms. Nothing in recent history has shaken commercial leasing on a national scale like COVID-19. Its potential effects, in both the short and long terms, are far-reaching and have serious implications for all players involved.
Most apparent, signific...
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