At McKenna Long & Aldridge (MLA), our strong client relationships afford us the privilege of representing both landlords and tenants in connection with commercial leases of all types, and we are especially adept at addressing the nuances that arise from both the landlord and tenant perspectives.
MLA attorneys realize that entering a lease often involves significant resources as well as a long-term commitment. We also understand the economic factors involved in lease negotiation, including rent escalation clauses, tenant improvement costs and construction issues, assignment, subleasing, and office sharing rights, expansion and renewal options, and tenant concessions. With this in mind, we work closely with clients to flag these and other important issues in the early stages of negotiating in order to avoid roadblocks to a successful deal.
Our real estate lawyers work closely with attorneys from our tax, land use, finance, eminent domain, bankruptcy, and litigation practices. Depending on the requirements of the transaction, we can readily draw on these resources to provide advice and assistance on matters such as unlawful detainer actions, bankruptcy proceedings, and environmental concerns.
We have represented a broad range of property owners and managers — from large real estate funds to single asset holders and tenants, from retailers with hundreds of locations to multi-site commercial/industrial operations and single location commercial/industrial and retail tenants. We have represented both landlords and tenants in literally hundreds of lease negotiations involving millions of square feet of retail, office, industrial, medical, entertainment, and other commercial space across the U.S. Currently, we are serving as lead counsel to a major international retailer in a multi-state site leasing and acquisition program for a new concept retail chain, with more than 185 stores already opened.
Knowing all too well that today’s marketplace and economic uncertainty create new complexities that affect both landlords and tenants, we are prepared for these challenges and expertly equipped to handle the myriad issues that arise, such as commercial tenant or landlord bankruptcies, lease restructurings, co-tenancy clauses, as well as the impact of environmental regulations and the presence of hazardous materials.
Whether you are a developer, owner, or tenant, we work closely with you in identifying your unique challenges and business needs as we team you with experienced lawyers with the specific expertise and background required.
Our vast leasing transactions experience includes:
- Retail leases
- Ground leases
- Build-to-suit leases
- Office leases
- Industrial leases
- Medical office leases
- Entertainment leases
- Lease restructuring
- Subleasing transactions and lease assignments
- February 9, 2012As we begin 2012, our real estate group would like to highlight a number of new developments in California law affecting developers, real estate professionals and others in the real estate industry during the past year. Below you will find a short summary of each decision and a link to the opinion.
- January 11, 2012
- April 6, 2011
- Dissolving Community Redevelopment
- Receivers Maximize Value of Distressed Assets, While Saving Lenders Money
- What Happens When Joint Ventures Come Under Stress?
- Real estate powerhouse emerges
- China-U.S. Trade in the 'Year of the Rabbit.'
- Who's Who in Law and Accounting