COMMERCIAL REAL ESTATE
TRANSACTIONS
Strategic Advocacy in CRE: From Negotiation to Closing
Mashian Law Group (MLG) excels in negotiating and closing a wide range of commercial real estate transactions including leases, purchase and sales, exchanges, reverse exchanges, sale-leaseback, financing, construction, and property management agreements. Our attorneys zealously advocate for client interests and business goals, specializing in analyzing and implementing CRE ownership structures. With expertise in complex industrial, office, retail, and multi-family transactions, we provide the full spectrum of legal services related to ownership, development, and operation of commercial real estate projects. Led by CEO Bryan Mashian, Chair of the AIR CRE Contracts Committee, we set industry standards for commercial real estate contract negotiations and execution. As an expert in the AIR CRE Contracts, Bryan is in charge of AIR CRE’s nationwide library of contracts , which ensure party-neutrality, efficiency, and reduced legal fees. We leverage our decades of experience as deal-makers in the real estate business to provide strategic guidance, risk mitigation and efficient transaction management.
Practice Areas
Landlords / Tenants
- Commercial leases: AIR CRE leases, Subleases, Ground leases
- Build to suit leases
- Renegotiation of existing leases resulting from COVID impacts
- Right of first offer/refusal to purchase
- Right of first offer/refusal to lease
- Option to extend lease term
- Fair market value
- Baseball arbitration of market rent
- Option to purchase
- Recapture right
- Profit sharing
- Work letter
- Tenant improvement allowance
- Turnkey construction
- Guaranty of lease
- Rules and regulations
Buyers / Sellers
- Purchase and sale agreements
- Due diligence
- Representation and warranties
- Contingencies
- Closing costs
- Title review
- Title underlying documents
- Lease review
- Phase I and Phase II report review
- ALTA survey review
- Estoppal certificate review
- Property owners’ association documents review
- Review and negotiation of loan documents
- Disclosures
- Property Information Sheet
- Seller’s Mandatory Disclosure Statement
- Natural Hazard Disclosure
Borrowers
- Loan documents
- Loan commitment
- Non-recourse carve out
- Personal guaranty
- Prepayment penalty
- Due on sale and due on further encumbrance
- Late charge
- Default and notice and opportunity to cure
Owners, Investors &
Developers
- Entity formation: Operating and partnership agreements, Buy-sell and Put call agreements
- Conversion of LLC to Tenant-in-Common (TIC)
Brokers / Agents
- Listing agreements
- Commission agreements
- Agency disclosure
Property Managers
- Listing agreements
- Commission agreements
- Agency disclosure
Contractors
- AIA construction contracts
- Construction contracts
Architects
- Architect’s contract
- AIA architect’s contract
I have had the pleasure of working with Bryan Mashian on all of my real estate transactions, and his expertise has been invaluable. Bryan’s thoroughness in drafting and reviewing documents, coupled with his deep knowledge of real estate law, ensures that every detail is meticulously handled. Beyond his professional acumen, Bryan is a pleasure to work with. His approachable and collaborative nature makes him an integral part of my real estate team, and I truly value his contributions.
BOB SONNENBLICK
PRINCIPAL
SONNENBLICK DEVELOPMENT COMPANY
Representative Experience
Acquisitions & Sales
Ongoing representation of investor in acquisition of single-tenant properties in California and various other states leased by credit tenants, such as Walgreens, Burger King, Popeyes, Pep Boys, Starbucks, Goodyear, Taco Bell, 7-Eleven, Macaroni Grill, Cash Express, Wienerschnitzel and MedExpress.
Represented landlord in negotiating lease with Footlocker of the entirety of a multi-floor building of approximately 30,000 square feet in downtown Los Angeles for flagship store on the West Coast.
Represented buyer in connection with purchase for $50 Million of an approximately 27,000 square foot retail building in Beverly Hills as part of a 1031 Exchange.
Represented buyer in acquisition of a $40 Million 20-story office building of more than 400,000 square feet in Phoenix, Arizona and assumption of existing loan with below market interest rate.
Represented buyer of an AutoZone leased property in Illinois as part of a 1031 exchange.
Leasing
Ongoing representation of a shopping center landlord in negotiating leases throughout Southern California with various tenants, such as Cedars Sinai Medical Center, Shake Shack, Habit Burger, 7-Eleven, Skin Laundry, CAVA, Jenny’s Ice Cream and Drybar.
Representation of distribution company in negotiation of lease of a warehouse of more than 350,000 square feet in Inland Empire.
Represented landlord in negotiating lease to a Fortune 100 company of an industrial building of more than 130,000 square feet in Carson, California.
Ongoing representation of restaurant leases for a food and beverage retailer for its locations throughout the United States.
Represented landlord in negotiation of retail leases for stores on Abbot Kinney Boulevard in Venice, California to Madewell.
Represented owners of a limited liability company in conversion of the LLC to a tenants in common arrangement ownership of a retail shopping center in Los Angeles to prepare for 1031 exchange by the TIC owners.
Construction
Represented landlord in the negotiation of a ground lease for a 50,000 square foot mixed used development of retail and office in downtown Los Angeles.
Advised a developer’s construction of a $49 Million residential property in Brentwood, Los Angeles, California.
Represented Lululemon in the negotiation of a construction for its warehouse facility.