By Attorney Popular Publications

Scott A. Newmark in the News

Those who were lucky enough to participate in this seminar organized by the International Facility Management Association of Greater NY, “The Importance of Asset Management in Valuing Properties” could listen to the advice of Scott Newmark, an attorney and expert in asset management at the firm of Meister Seelig & Fein LLP. Mr. Newmark conveyed with mastery the knowledge that this well-established firm shares with its high-profile clientele.

“This is definitely a tenant’s market.” Stated Newmark who gave a list of what a tenant could and should negotiate with the landlord before signing a lease. With his prediction for rising foreclosures in commercial properties he gave special attention to explaining the importance and mechanism of the “non disturbance agreement”. In the current situation “subleasing is a tremendous market”. As he described the different ways to negotiate the right for subletting he warned that it also has tremendous risks for the subletter.

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Attorneys Mentioned: Scott A. Newmark

Meister Seelig & Fein closed the acquisition of an 1100 unit apartment complex in Collingswood, New Jersey for $70 million dollars including $50 million in bond financing from Camden County Improvement Authority. The project also included negotiation of certain tax abatement agreements with the Borough of Collingswood and Camden County with respect to rehabilitation of the property. The client acquired the property in joint venture with Guggenheim Real Estate Partners and was represented by Stuart Rich and Scott Newmark.

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Attorneys Mentioned: Scott A. Newmark

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