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2ND YEAR IN A ROW - PIRCHER EARNS TOP HONORS IN U.S. NEWS REAL ESTATE RANKING
Pircher, Nichols & Meeks' Los Angeles and Chicago offices each scored the top honor of “Tier One” in the Real Estate Category in U.S. News and World Report’s second annual such ranking of 9,633 U.S. law firms based on feedback from lawyers, law firms and clients alike.
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LACBA SEMINAR MODERATED BY LESLIE REED
Leslie Reed (Associate-Los Angeles) will be moderating an LACBA CLE seminar on February 23, 2012 at the Los Angeles County Bar Association in Los Angeles, CA. Ms. Reed will guide a four member panel discussion entitled, “Basics of Renewable Energy Leasing and Development: Landlord, Tenant, Energy Company, and Capital Provider Perspectives.”
Please follow this link to the LACBA website for more information about the program.
Ms. Reed is a member of the firm’s Real Estate, Leasing & Development, and Land Use practice areas. Ms. Reed represents commercial developers, institutional investors, and lenders in all aspects of transactional real estate, including complex property acquisitions and dispositions, leasing (office, retail and solar/wind), REAs, entitlements and other land use issues, and related transactions. Representative property types include major shopping center developments, hotel properties, mixed use developments, industrial facilities, office properties, vineyards, and technology company research and development campuses.
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PNM AT IMN’S WINTER FORUM
PNM partners Phil Nichols and Michael Scheinberg will be speaking at IMN’s Ninth Annual Winter Forum on Real Estate Opportunity & Private Fund Investing January 18-20 in Laguna Beach. Phil Nichols will be moderating a session entitled, “What to Expect with the Hotel Industry in 2012” and Michael Scheinberg will be on a panel discussing, “Operating Partner Perspective: Evolving Business Strategy & Business Relationships.” These current topics are sure to be of interest.
IMN’s Winter Forum is the largest event of its kind on the West Coast for funds, developers, LPs, special servicers and service providers to the industry. Click here for more information.
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WELCOME
Ryan Green has joined the firm as a real estate associate in the Chicago office. Mr. Green received his J.D. in 2005 from the University of Chicago Law School. He received a bachelor’s degree with highest honors in economics and political science from Emory University in 2002.
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LACBA PRESENTATION BY PIRCHER ATTORNEYS
Three of Pircher's own joint venture experts were invited by the LACBA Real Property Section's Commercial Development Subsection to present a luncheon program entitled “Five Joint Venture Issues that are Often Overlooked and Misunderstood” on January 26, 2012.
Partner, Steve Carey along with associates, Rob Cooper and Mike Soejoto, lead their audience through five key issues and the related calculations (e.g., squeeze down formulas or IRR hurdles) that can lead to unanticipated results for the unwary.
For more information, please follow this link to the LACBA website.
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WELCOME
Michael Seiden has joined the firm as a real estate associate in the Los Angeles office. Mr. Seiden received his J.D. in 2011 from the UCLA School of Law where he received the 2011 Burton Marks Memorial Award. Mr. Seiden was also the 2010 recipient of the David Mellinkoff scholarship and served as the elected student body representative to the Dean Selection Committee. He graduated magna cum laude from Claremont McKenna College in 2008 and holds a bachelor’s degree in government and history.
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PIRCHER, NICHOLS & MEEKS PARTNER, STEVE SHAPIRO, QUOTED IN CORPORATE SECRETARY
Click here to read the article.
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2011 ICSC SHOPPING CENTER LAW CONFERENCE
PNM Partners, Sheldon Halpern and Rosie Rees each presented a workshop (with another colleague) at the 2011 ICSC Law Conference which recently took place in October at The Biltmore Resort in Phoenix . Sheldon's workshop was entitled “Reinventing REAs”; Rosie's workshop was entitled “What is Wrong with This Picture? Lessons Learned from Poorly Drafted Exclusives”.
The three-day event offered programs presented by some of the country’s leading authorities to more than 1,100 retail real estate industry legal professionals who attended. Pircher attorneys, Pablo Petrozzi, Xavier Gutierrez and Leslie Reed were among those who attended that annual retail real estate legal conference.
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LEASING IN TROUBLED TIMES
PNM Partner, Rosie Rees and Bartko, Zankel, Tarrant & Miller shareholder, Theani C. Louskos, discuss special issues that landlords and tenants are facing when negotiating new leases or restructuring existing leases in troubled economic times. Click here to read the full article that was published in the September 2011 issue of The Practical Real Estate Lawyer.
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PHIL NICHOLS - SELECTED AS LOS ANGELES BEST REAL ESTATE LAWYER FOR 2012
Best Lawyers, the oldest and most respected peer-review publication in the legal profession, has named Phillip G. Nichols as the “Los Angeles Best Lawyers Real Estate Law Lawyer of the Year” for 2012.
After more than a quarter of a century in publication, Best Lawyers is designating “Lawyers of the Year” in high-profile legal specialties in large legal communities. Only a single lawyer in each specialty in each community is being honored as the “Lawyer of the Year.”
Best Lawyers compiles its lists of outstanding attorneys by conducting exhaustive peer-review surveys in which thousands of leading lawyers confidentially evaluate their professional peers. The current, 18th edition of The Best Lawyers in America (2012) is based on more than 3.9 million detailed evaluations of lawyers by other lawyers.
The lawyers being honored as “Lawyers of the Year” have received particularly high ratings in our surveys by earning a high level of respect among their peers for their abilities, professionalism, and integrity.
Steven Naifeh, President of Best Lawyers, says, “We continue to believe – as we have believed for more than 25 years – that recognition by one’s peers is the most meaningful form of praise in the legal profession. We would like to congratulate Phillip G. Nichols on being selected as the ‘Los Angeles Best Lawyers Real Estate Law Lawyer of the Year’ for 2012.”
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THE ABC’S OF APPRAISALS FOR YOUR COMMERCIAL LEASE EXTENSION
Jeffrey Brown asks, “What happens when the rent in your commercial or ground lease is set to be recalculated based upon an appraisal process?” Click here to read the full article that appeared in California Centers Magazine, Issue #97, pg. 48-49.
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REAL ESTATE JOINT VENTURES
Pircher Associates, Mike Soejoto and Danny Guggenheim, spoke about important issues relating to real estate joint ventures, as the panelists for a national webinar, entitled Real Estate Joint Ventures: Opportunities and Legal Risks: Strategies to Negotiate and Structure the JV Operating Agreement.
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POP-UP TO PERMANENT
Landlords need to consider a number of issues before a short-term retail tenancy ends. Pircher partners, Rosie Rees and Sheldon Halpern and associate Katherine Casale MacNally review different types of short-term tenants, the benefits and drawbacks of temporary tenancies, and the considerations necessary before changing a temporary agreement into a long term lease. Click here to read the article.
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DISTRESSED REAL ESTATE LOAN ACQUISITIONS
Pircher Associate, Danny Guggenheim, spoke about important issues relating to distressed real estate debt, as one of two panelists for a national webinar, entitled Distressed Real Estate Loan Acquisitions: Due Diligence Strategies and Contract Considerations: Best Practices For Buyers and Sellers of Commercial Mortgage and Mezzanine Loans.
Danny previously co-authored an article on this topic, entitled Important Issues in Purchasing and Resolving Distressed Real Estate Debt.
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