Across industries, many of our clients are experiencing the effects of the current economic crisis. The commercial real estate business, however, has suffered more than other sectors from a lack of credit, resulting in a decline in demand from buyers. In addition, tenant defaults and a rise in vacancies have made it increasingly difficult for owners to be able to service existing loans. Meanwhile, a significant number of tenants face the challenges of dramatically lower consumer spending.
We believe that every property owner, tenant, real estate buyer or investor should have a tailored strategic plan that considers all available options. Our attorneys are committed to working with you to develop and implement such a plan. We are prepared, as always, to provide the trusted counsel and guidance necessary to confront any challenge that you may face.
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