Y. David Scharf Featured in Article on Retail Real Estate Market
August 1, 2018 – Morrison Cohen Partner Y. David Scharf was featured in the July 31, 2018 issue of Commercial Observer in the article “Morrison Cohen's Y. David Scharf on Why There's More Retail Trouble Ahead”.
David comments on the current state of the retail market predicting that things will get worse as we look for the balance between brick-and-mortar and e-commerce. David sees an influx of different types of retail issues from both retailers and landlords, from unaffordable lease obligations to unprecedented vacancy rates, and larger-scale issues and restructuring that will involve lenders.
Despite trouble ahead, David is optimistic that there are still retail opportunities and retail owners who can still find financing as they are not heavily leveraged and are able to get the best tenants. He also states in a video interview with the article that the market will correct itself and sees the New York City retail market remaining resilient.
Click here to read interview and see video.
Related Practices
Our Real Estate Practice is one of New York’s most prominent real estate practices, representing clients in the leasing, purchase, sale, development and financing of commercial, industrial, development and residential properties.
We have one of the preeminent retail tenant practices in the United States. Our lawyers have extensive experience in all kinds of leasing transactions, and we have the requisite knowledge to tailor transactions to the benefit of our client’s long-term goals.
Our Real Estate lawyers have a considerable depth of experience representing owners and developers in financing transactions in New York and throughout the United States. Such transactions have involved multi-tenanted office buildings, shopping centers, industrial properties, hotels, single-tenant net leased properties and residential properties.
Our Real Estate lawyers represent individual and institutional investors and fund managers in acquiring, restructuring and foreclosing real estate loans, and in selling and leasing acquired properties.
Our dynamic bench of business litigators defends corporations and individuals in complex, high-stakes matters in courts throughout the country.
Our real estate litigators are seasoned real estate practitioners equipped to handle even the most complex disputes arising from real estate development or financing transactions.
Our Real Estate lawyers are leading practitioners in the highly specialized area of real estate valuation disputes, particularly “rent reset” arbitrations.
