Buying and Selling Commercial Real Estate, Part 2 Out of Stock
Commercial real estate is in generally robust, with office and industrial space strong and only retail space lagging because of the continuing transition from bricks-and-mortar store fronts to digital commerce. Negotiating and drafting the sale or exchange of commercial real estate is a complex set of tasks. Reps and warranties have become more extensive and exacting in detail. Financing contingencies have become lengthy and surpassingly complex because of tighter underwriting standards. Due diligence has become lengthier, more invasive and costlier - or barely permitted at all, in particularly “hot” markets. This program will discuss the major components of commercial real estate buy/sell agreements and negotiating other operative documents.
-Unique challenges of planning for liquidity with illiquid assets
-Valuation discount issues and planning in a rising but volatile market
-Value freezing techniques using LLCs
-Grantor Retained Annuity Trust (GRAT), sales to defective grantor trusts, and sales of self-cancelling installment notes
-Charitable giving techniques for real estate
About the Speakers
John S. Hollyfield is of counsel and a former partner in the Houston office Norton Rose Fulbright, LLP. He has more than 40 years' experience in real estate law practice. He formerly served as chair of the ABA Real Property, Probate and Trust Law Section, president of the American College of Real Estate Lawyers, and chair of the Anglo-American Real Property Institute. He has been named a "Texas Super Lawyer" in Real Estate Law by Texas Monthly magazine and is listed in Who's Who in American Law. He is co-editor of Modern Banking and Lending Forms (4th Edition), published by Warren, Gorham & Lamont. He received his B.B.A. from the University of Texas and his LL.B. from the University of Texas School of Law.
Richard R. Goldberg is a retired partner, resident in the Philadelphia office of Ballard Spahr, LLP, where he established 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. He is 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 is currently a Fellow of the American College of Mortgage Attorneys and is a member of the American Law Institute. Mr. Goldberg received his B.A. from Pennsylvania State University and his LL.B. from the University of Maryland School of Law.
This seminar is an Intermediate level program.
This seminar qualifies for 1.0 MCLE credit hour.
Note: When submitting your compliance reports to the SC Commission on CLE and Specialization, if you completed this in 2019, please use this course code: 194171ADT