Category Archives: Real Estate

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Another Sports Retailer Bankruptcy – Golfsmith International, Inc. Files for Chapter 11 Protection in Delaware

Posted in Bankruptcy & Creditor's Rights, Commercial, Retail & Industrial Real Estate, Real Estate

Golfsmith International, Inc., a specialty golf retailer with 109 Golfsmith stores across the U.S. and 55 Golf Town stores in Canada, filed for Chapter 11 bankruptcy protection in Wilmington, Delaware on Wednesday, September 14, 2016. This case follows other large sports retailer bankruptcy cases, including Sports Authority and Eastern Mountain Sports, who both filed Chapter… Continue Reading

Shopping Malls Profit from Fun

Posted in Commercial, Retail & Industrial Real Estate, Real Estate

How can retail landlords make more money? A recent article in the Wall Street Journal, entitled Shopping Malls’ New Product: Fun reveals the answer…add amusement attractions. According to the article, many U.S. malls are profiting from entertainment tenants and amusement attractions, including go-kart racing, indoor rope climbing, laser tag, skydiving simulators, escape rooms, high-tech golf… Continue Reading

Affordable Housing Oversight: Q & A

Posted in Affordable Housing, Real Estate

BRIEFLY EXPLAIN THE RECENT NJ SUPREME COURT DECISION RELATED TO AFFORDABLE HOUSING OVERSIGHT. After sixteen years without viable and constitutional regulations for Affordable Housing, the Supreme Court created new mechanisms to meet Affordable Housing goals. To really explain this issue, we need to go back for some history. In 1975 the Supreme Court said every… Continue Reading

Papal Visit to Philadelphia – Positive Economic Opportunities for Commercial/Retail Owners

Posted in Commercial, Retail & Industrial Real Estate, Real Estate

This blog was co-authored with my colleague Tom Onder, Esq. Pope Francis is coming to Philadelphia in September. The visit will attract millions of visitors from around the world. A quick look at prior Pontiff visits shows the enormous influx of people that the Pope attracts to other global cities: Attendees Global City 3.5 Million Copacabana Beach,… Continue Reading

Developed Lot Shortages Still a Lingering Problem for Builders

Posted in Affordable Housing, Commercial, Retail & Industrial Real Estate, Real Estate

The National Association of Homebuilders released a report, consistent with our predictions, indicating that approved lots ready for construction are a scarcity. 62% of builders indicate that the supply of developed lots is low or very low. This phenomenon, at record levels since at least 1997 when records were kept, is likely due to the… Continue Reading

Breaking Down the SNDA – Subordination Non-Disturbance and Attornment Agreement

Posted in Real Estate

A Subordination Non-Disturbance and Attornment Agreement (an “SNDA”) is a document that is typically required by a lender for a landlord. Sometimes the lender will leave off the non-disturbance portion of the agreement, as the lender is only interested in the subordination and attornment. The subordination is the agreement of the tenant to subordinate its… Continue Reading

Construction Defect and Liens Seminar

Posted in Real Estate, Stark Events

Stark & Stark will host the New Jersey Builders Association’s Construction Defect and Liens Seminar on Monday, June 1, 2015 from 9:00am – 12:00pm at the Lawrenceville, NJ office. The seminar will feature three Stark & Stark Shareholders as panelists. Details on all presenters and speaking topics for each panel are provided below. Panel 1 Randy Sawyer,… Continue Reading

Q&A Video Podcast on NJ Affordable Housing Oversight

Posted in Affordable Housing, Commercial, Retail & Industrial Real Estate, Real Estate

As you are undoubtedly well aware, the March 10, 2015 ruling from the New Jersey Supreme Court stripping the Council On Affordable Housing (COAH) of their oversight of the constitutional obligation of every municipality in New Jersey to plan for and accommodate affordable housing has effectively changed the rules for all of us. The Rules… Continue Reading

Jersey City Ordinance Proposes Chain Store Prohibition

Posted in Commercial, Retail & Industrial Real Estate, Real Estate

Various sources, including NJBiz, have reported that Mayor Fulop and Jersey City are pushing forward an ordinance largely prohibiting chain businesses, i.e., any business that has 10 or more locations within 300 miles from the City. If challenged, will the ordinance pass legal muster? Arguably not. Generally land use ordinances must advance the purposes of… Continue Reading