In the Midst of a Real Estate Downcycle, How Borrowers and Lenders Can Protect Their Interests
March 13, 2024
This video is included in Insights 2024, a collection of articles and videos addressing important emerging legal issues in the year ahead.
The commercial real estate market is caught in a severe downturn due primarily to rising interest rates, reduced demand for office and retail space post pandemic, and a cyclical slide following a long post-Great Recession upswing. Borrowers and lenders have to carefully consider their options as they navigate through such a challenging environment. Here, our real estate lawyers identify legal and strategic pitfalls to avoid and advise on ways to achieve the best outcomes in this difficult market.
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Real estate has been a key focus for O’Melveny since its founding nearly 140 years ago. Over our long history, we have handled hundreds of matters involving all types of real property.
This memorandum is a summary for general information and discussion only and may be considered an advertisement for certain purposes. It is not a full analysis of the matters presented, may not be relied upon as legal advice, and does not purport to represent the views of our clients or the Firm. Michael D. Hamilton, an O’Melveny partner licensed to practice law in California; Malcolm K. Montgomery, an O'Melveny partner licensed to practice law in New York; Lance Levine, an O’Melveny senior counsel licensed to practice law in New York; and Jessica Fluehr, an O’Melveny counsel licensed to practice law in California, contributed to the content of this newsletter. The views expressed in this newsletter are the views of the authors except as otherwise noted.
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