X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Commercial real estate litigation is on the rise. Law firm Crosbie Gliner Schiffman Southard & Swanson has added to its litigation team, welcoming Sean Gaffney as senior counsel. According to Gregory Markow, head of the firm’s litigation practice group, Gaffney’s presence will be especially invaluable as the firm has seen a significant rise in commercial real estate related litigation cases. While there are many events contributing to this trend, Markow says that market uncertainty is among the causes.

“There is no single factor; however, we believe that market uncertainty is causing market participants to start to ensure that every last dollar is collected,” Markow tells GlobeSt.com. “We suspect that participants are worried about no longer being able to make up any shortfall on the next deal because they are uncertain about whether the next deal will happen.”

While cases in general have increase, small retail unlawful detainers have not, which Markow says is usually the case during a downturn. “We are also not seeing lease workouts or purchase and sale agreements failing for insubstantial reasons,” he adds. Instead, the firm is seeing a rise in litigation over capital disputes and land use rights. “We are seeing participants in deals disputing the amounts they are allowed to take out of deals, people litigating over entitlements and land use rights, rather than paying off claimants or objecting parties, and end-of-lease disputes about the condition of premises and indemnity obligations,” explains Markow.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

More from this author

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.