A Guide to Leasing Law Firm Space in the Current NYC Real Estate Market (Update)

(102 Ratings)

Produced on: November 14, 2017

Course Format On Demand Audio

Taught by

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Course Description

Time 56 minutes
Difficulty Beginner

Successfully leasing law firm space involves keeping up with evolving trends in the market, and a deeper understanding of the nuances of legal firms’ needs. The rise of modern technology has sparked a change in the real estate market. Law firms want the feel of their space to reflect this trend, and look for offices with a tech feel - natural light with many windows, high ceilings, and open seating areas. For industries more traditional by nature, this is a drastic shift from the space needs of decades past, and the legal industry is no exception.

For legal space, the firm must navigate the straitlaced, traditional nature of the business with the “cool” factor that clients want. As the hub of the legal industry, this is especially important in New York City. This program, taught by Bert Rosenblatt, a Principal at Vicus Partners LLC, and Jonathan Twombly, the President and a Managing Member of Two Bridges Asset Management, LLC, will examine the end-to-end process of navigating this tricky balance for clients, and highlight the emerging trends that shape the process along the way.


Learning Objectives:

  1. Discuss recent changes in the NYC commercial real estate market, including common pitfalls for tenants
  2. Review location and zoning issues
  3. Negotiate the Lease: Important Considerations
  4. Assess the implications of the “Good Guy” Guaranty
  5. Survey the requirements for green and LEED certified buildings

Faculty

Bertram Rosenblatt

Vicus Partners, LLC

Bertram Rosenblatt is a founding Principal of Vicus Partners, LLC, a commercial real estate firm dedicated exclusively to representing tenants in commercial transactions. Prior to forming Vicus Partners, LLC with Mr. Stein Mr. Rosenblatt spent 8 years as one of the top producers at Schlesinger & Company, LLC. From 1997 to 1999 he worked for Newmark Knight Frank, where he was awarded the Rookie of the Year Award in 1997. He specializes in strategic planning and implementation and has completed leasing transactions totaling more than 750,000 square feet with an aggregate commitment of over $400,000,000. Some of Mr. Rosenblatt’s recent accomplishments include negotiating on behalf of General Electric Capital Aviation Services, Skanska Koch, Carnegie Mellon University, The Breeders Cup, Ruder Finn and Marathon Asset Management. Additionally, he represents an impressive roster of law firms, non-profits, hospitals and assorted private sector businesses with respect to their New York real estate. He is a graduate of the State University of New York at Purchase and is currently a member of the Real Estate Board of New York where he serves on the commercial board of directors ethics committee, the Young Men’s/Women’s Real Estate Association & the International Tenant Representative Alliance.

Jonathan Twombly

Two Bridges Asset Management LLC

Mr. Twombly is President and Managing Member of Two Bridges Asset Management LLC. Before founding Two Bridges, he was a partner in the real estate investment firm TRB Investment Group LLC. He began his career as a lawyer and spent over a decade practicing in American Lawyer Top 100 firms, where he focused on real estate and hospitality matters.

Mr. Twombly holds a bachelor’s degree from Harvard College and a law degree from Columbia University School of Law. He currently serves as a member of the board of directors of the Harvard Alumni Real Estate Organization, Inc., a non-profit.



Reviews

CK
Carl K.

Really excellent insights into Manhattan commercial real estate market!

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$59

$ 59 Real Estate and Law Practice Management In Stock

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