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David Lambert Discusses What Makes Data Center Leases Complicated in the Los Angeles Daily Journal
Gilchrist & Rutter Associate David Lambert was interviewed by the Los Angeles Daily Journal discussing challenges unique to data center leases, including privacy and security concerns, and the need for a constant supply of enormous quantities of power. In the article, “Data centers are tricky deals,” Mr. Lambert commented that there are few, if any, boilerplate solutions to the issues that arise in these leasing negotiations. “It gets thorny, because the world of what these tenants do is rapidly changing,” he said. “A competitor tomorrow might be much broader than a competitor might be today.”
Mr. Lambert went on to examine the problem of convincing lenders to accept rent credits and early termination rights, and the need to educate them on the fact that those provisions are not unreasonable in data center leases.
Richard Close Featured in Law360 Real Estate Q&A Series
Manufactured Housing Practice Group Chair Richard Close was recently featured in Law360’s Real Estate Q&A series discussing important issues relevant to his manufactured housing practice. He also described his most challenging case as one involving a city government trying to limit a property owner’s constitutional right for a fair return on its investment, which required approval by elected officials. Mr. Close noted that when making decisions about residential property rights, elected officials face a conflict between the law and their own political future. In this particular case, a city council member knowingly cast her vote contrary to state law.
Mr. Close went on to discuss aspects of municipal law in need of reform, lessons learned in his career, and attorneys in the field who have impressed him.
Read the entire Real Estate Q&A.
Gilchrist & Rutter Profiled in Daily Journal
The leading regional legal publication, the Daily Journal, featured Gilchrist & Rutter in an article illustrating the approach the firm has taken to keep our clients successful throughout recessionary times.
Gilchrist & Rutter's Managing Partner, Jonathan Gross, explained that these times have led our attorneys "to prepare and think ahead." Partner Frank Gooch echoed that theme, noting that G&R's attorneys "try to be more proactive with clients so they can generate income out of a bad situation ..."
Read the entire Daily Journal Article
Jonathan Gross featured in Law360 Real Estate Q&A Series
Managing
Shareholder Jonathan
Gross was recently featured in Law360’s Real Estate Q&A
series addressing a variety of topics including his most challenging deal;
aspects of his practice in need of reform; why the economy and its recovery are
important to his practice; who he considers an attorney of note, as well as
lessons learned from mistakes make early in his career.
Mr. Gross says the most challenging deal he has worked on involved the sale
of the Sacramento National Basketball Association (NBA) and Arco Arena because
of the numerous parties involved. He also notes that the transaction involved
many unusual areas of law for a real estate lawyer to address, such as tax
structuring, municipal bond finance and NBA constitution and rules.
Read the entire Real
Estate Q&A.
Richard Close Interviewed on KTLA Channel 5 (Los Angeles)
Richard H. Close was interviewed as a guest speaker in the KTLA Channel 5 editorial piece entitled "Preying on Homeowners" which aired on the KTLA Evening News on May 25, 2011.
Click here to see the video. Please note that this video clip may take a moment to load in Windows Media Player.
Steve Heller Quoted in the Los Angeles Daily Journal
Steven Heller discussed the rewards and risks of short-term commercial leasing in the Los Angeles Daily Journal. In the article entitled, “Faced with Threat of Vacancy, Landlords Look to Pop-Up Tenants,” Mr. Heller says that landlords need to be very careful when drafting short term lease agreements and that they need to be structured flexibly in order to keep the leased space marketable. He advises structuring the contract to avoid problems where the landlord doesn’t have enough control over what the tenant is doing (such as runaway utility costs). He acknowledges that the boom in social media is encouraging a lot more pop-up leases. Small startup businesses are leveraging Facebook and Twitter to market themselves and are finding eager landlords willing to let them occupy vacant storefronts. “These tenants can get a good location they couldn’t have gotten before the recession,” Mr. Heller said. “They’re looking for buzz or visibility for a new product or store that will get them notoriety.”
Superior Court Finds Candlestick Point – Hunters Point Shipyard Phase II Redevelopment EIR Report Meets CEQA Requirements
LOS ANGELES – Robert I. McMurry recently served as lead counsel for developer CP Development Co. LP in a California Superior Court case involving an Environmental Impact Report for Candlestick Park / Hunters Point. The Court found that the EIR meets California Environmental Quality Act standards, thereby allowing the largest redevelopment project in the history of San Francisco—worth more than $2 billion—to move forward.
For a copy of the complete Press Release, please click here.
Press Release - Daily Journal Announces Pick for Top Land Use Leaders (PDF)
Press Release - Prominent Land Use Group Joins Gilchrist & Rutter (PDF)
Bank of America Reduces Glendale Office Footprint (PDF)
Steven P. Heller
Daily Journal, December 2010
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