24 Jan, 2024 WeWork Wrestles to Amend Leases as Landlords Seek Clarity on Restructuring Plan By Douglas Rosner WeWork entered bankruptcy looking to reject or amend leases that were fueling billions of dollars in losses at the flexible-workspace...
27 Dec, 2023 Keeping the Lights On: Payment of Operating Expenses After an Event of Default By Andrew Bensson Kimberly Yeager Craig Todaro When an event of default occurs under a mortgage loan, the lender’s first thought might be, “How will we get repaid?”, while the...
06 Oct, 2023 What happens when lenders cannot schedule a foreclosure sale within the 90-day statutory time period? By Jonathan Hayden Charles Jacob III The uptick in commercial foreclosures, combined with the still-lingering pandemic-induced delays, has created an environment,...
17 Jul, 2023 The Semantic (and Substantive) Misconception in "Handing Back" the Keys By Timothy John Carter The phrase "hand back the keys" is frequently used in discussions of a borrower's options to address a distressed loan scenario, in real...
26 Jun, 2023 Planning for Continued Distress Across the Commercial Real Estate Industry: The Importance of Evaluating Options Early and Often By Jaclyn Grodin Douglas Rosner Distress in the commercial real estate (CRE) industry is on the rise, perhaps even more quickly than market participants had expected....