Across many industries, many of our clients are experiencing significant challenges brought forth by the current economic crisis. The commercial real estate business, however, has suffered more than other sectors from a lack of credit, which has resulted in a fall-off 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 Development Services and Bankruptcy & Creditors' Rights 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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