#ANNOUCEMENT: Obermayer Forms Distressed Commercial Real Estate Team
Obermayer Rebmann Maxwell & Hippel LLP
Looking forward. Thinking ahead.
“We are counseling parties to stay nimble in negotiations, to permit time to allow market rebound which may be down the road, or find new or innovative alternative uses for office real estate.” -David Nasatir, Chair
To stay ahead of the potential upcoming distressed real estate market, David Nasatir , Firm Chair and head of the Business and Finance department, and Edmond George JD, LLM , Chair of the Bankruptcy & Business Reorganizations department have formed Obermayer's Distressed Commercial Real Estate team.
Our goal is to help clients deal with the uncertainties in the market.
The Philadelphia region’s commercial real estate market faces serious challenges.?The “work from home” models necessary to respond to COVID-19 restrictions have left commercial real estate owners facing an uncertain future.?The commercial real estate sector continues to grow precariously weak due to the declining demand for office space and extremely low occupancy levels.?Coupled with increasing interest rates, lenders are faced with challenges. Uncertainty in the banking sector multiplies the concerns over a commercial real estate market collapse.
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With a formidable combination of extensive banking and restructuring experience, the Obermayer attorneys see an opportunity to help landlords, banks and tenants achieve?a path to certainty with effective strategies in this ever-changing and challenging commercial real estate market.
Key aspects of Obermayer Rebmann Maxwell & Hippel LLP distressed commercial real estate law practice include:
If your business is facing difficulties due to decreasing tenant demand, pending loan maturation dates, and/or limited capital, get in touch with a member of our Distressed Commercial Real Estate team. Our multidisciplinary team is experienced in handling these kinds of situations and can provide tailored strategies to help you get past them. Learn more here .