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Sherin and Lodgen Represents Cambridge Savings Bank in Financing of 10 Solar Facilities in Massachusetts
Sherin and Lodgen LLP
announces that its
Solar Energy Practice Group
represented Cambridge Savings Bank in the development of 10 solar facilities by Kearsarge Energy in Massachusetts. The financing involved a master debt facility of up to $50.5 million for the construction and permanent financing of the projects, which will produce approximately 18.2 MW (DC) of energy.
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SNDA Agreements Benefit Both Tenants And Lenders
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Andrew Royce, partner in the firm's Real Estate Department, discusses situations where a subordination, nondisturbance, and attornment agreement (SNDA) can be useful for a mortgage lender and the tenant. The article was published in
Law360.com.
Click
here
to read the full article.
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Joshua M. Bowman
, partner in the firm's Real Estate Department and Corporate Department and Chair of the firm's
Hospitality Practice Group
discusses Airbnb's growth and how increased regulations could alter their future in the New England Real Estate Journal.
Click
here to read the full article.
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John J. Slater III
, partner in the firm's Real Estate Department,
discusses the impact that driverless cars will have on commercial real estate in Law360.com.
Click
here to read the full article.
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The Importance of Recordkeeping in Commercial Lease Administration
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Many commercial leases provide for automatic extension of the term unless one party notifies the other in writing within a certain time frame that it desires not to extend the lease term. The Massachusetts Appeals Court recently decided a case addressing the mechanics of such a provision in Patriot Power, LLC v. New Rounder, LLC, No. 16-P-420 (March 13, 2017), in which the issue was whether tenant effectively gave notice that it desired to let a commercial lease expire.
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Disability Access and Lease Negotiations in California: What Commercial Landlords Need to Know
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Recent amendments to an existing California statute regarding disability access for commercial property create requirements, of which landlords, tenants, and those representing them should be aware. These requirements, of course, are in addition to obligations that apply to commercial property under the Americans With Disabilities Act, or ADA.
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Developer wants to buy a prime parcel for shopping center construction. He approaches the landowner with a written offer to purchase. The landowner is seventy-five years old with three grown children and six grandchildren; the land has been in his family for generations. He believes that Developer is offering a great price. Before accepting the offer, Landowner's lawyer suggests that rather than selling the property, he ground lease it and use the ground rent to fund a trust for Landowner's family's future needs.
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Landlord Tips for Co-Tenancy Requirements
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When it comes to opening and co-tenancy requirements, some leases require that a specific anchor tenant be open and operating before a smaller tenant is required to perform its lease obligations, such as opening or paying full rent. Small shop tenants should address these issues in their term sheets or letters of intent, since their success is often dependent on foot traffic generated by particular anchor tenants. Landlords can protect themselves by considering the following issues in drafting co-tenancy provisions.
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Telecommunication Lease: The Battle Over Subleasing Rights
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Click here to view past blog posts and subscribe to the blog.
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Upcoming Real Estate Industry Events
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Sherin and Lodgen's
Women's Initiative hosted award-winning chef Jody Adams and more than 70 women business executives and community leaders for an evening of networking and giving in support of The Greater Boston Food Bank. Read More
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Bethany A. Bartlett, chair of the firm's
Solar Energy Practice Group and partner in the firm's Real Estate Department, to present at the Real Estate Bar Association's Annual Conference on May 1st. Her panel is entitled, "Shining Bright: Solar Energy's Impact on Real Estate Law."
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Joshua M. Bowman teaches "Fundamentals of a Hotel Real Estate Deal" at Boston University School of Hospitality Administration
The purpose of the course is to introduce the students to the various aspects of a Hotel Real Estate Deal. The target audience is any student who aspires to have a career involving the ownership, development and/or financing of lodging assets.
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Bethany A. Bartlett, chair of the firm's
Solar Energy Practice Group and partner in the firm's Real Estate Department, presented at MCLE's 19th Annual Real Estate Law Conference 2017 on Friday, February 10th.
Bethany participated in the Keynote Panel entitled, "Going Green - Impacts of Alternative Energy and Conservation on Real Estate Law Practice."
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About Sherin and Lodgen
Our clients rely on Sherin and Lodgen's experience and understanding in real estate, litigation, business law, and employment. With over 40 attorneys, we can handle the most complex matters, while providing responsive, senior-level attention to every matter. We deliver sophisticated analysis with effective, efficient and focused representation, and a high level of service by developing in-depth understanding of our clients' business goals, issues, concerns and emerging industry trends. Visit our website to learn more.
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