Commercial Real Estate Financing

Transcription

1 Commercial Real Estate Law American Law Institute American Bar Association Continuing Leadership in Professional Education A special offer on two highly praised commercial real estate courses attend either course for only $999 attend both for only $ (on site attendance) see details inside Philadelphia (ALI-ABA Conference Center) or Live Video Webcast Commercial Real Estate Financing Strategies for Changing Markets and Uncertain Times Thursday-Friday, April 15-16, The faculty members all sophisticated practitioners teach by sharing timely strategies on commercial real estate financing in a seminar setting. Topics include renegotiation of loan documents, workouts, and lender liability. Commercial Real Estate Leases Selected Issues in Drafting and Negotiating in a Distressed and Troubled Market Thursday-Friday, June 3-4, This long-running, highly praised course from ALI-ABA updated and renewed every year is more timely than ever. Viewpoints of the landlord, tenant, and lender are represented during the panel discussions.

2 Commercial Real Estate Financing Thursday-Friday, April 15-16, 2010 Philadelphia (ALI-ABA Conference Center) Live Video Webcast PLANNING CHAIRS (also on faculty) Richard R. Goldberg, Ballard Spahr LLP, Philadelphia Andrea M. Mattei, Vice President, Legal, Wyndham Worldwide Corporation, Parsippany, New Jersey FACULTY Joseph Philip Forte, Alston & Bird LLP, New York Michael D. Hamilton, DLA Piper US, LLP, Los Angeles John S. Hollyfield, Fulbright & Jaworski L.L.P., Houston Steven G. Horowitz, Cleary Gottlieb Steen & Hamilton LLP, New York Thomas F. Kaufman, Hunton & Williams LLP, Washington, D.C. K.C. McDaniel, K.C. McDaniel PLLC, Brooklyn Eric M. Schiller, Sonnenschein Nath & Rosenthal LLP, Chicago ALI-ABA Staff Attorney: Thomas M. Hennessey, Assistant Director, Office of Courses of Study Commercial Real Estate Leases Thursday-Friday, June 3-4, 2010 Philadelphia (ALI-ABA Conference Center) Live Video Webcast PLANNING CHAIRS (also on faculty) Richard R. Goldberg, Ballard Spahr LLP, Philadelphia Mark A. Senn, Senn Visciano P.C., Denver FACULTY Peter Aitelli, Morrison & Foerster LLP, San Francisco John S. Hollyfield, Fulbright & Jaworski L.L.P., Houston Theani C. Louskos, Bartko, Zankel, Tarrant & Miller, PLC, San Francisco Brad A. Molotsky, Executive Vice President and General Counsel, Brandywine Realty Trust, Radnor, Pennsylvania Kathryn Cochrane Murphy, Krokidas & Bluestein LLP, Boston David L. Pollack, Ballard Spahr LLP, Philadelphia Julian P. Rackow, Blank Rome LLP, Philadelphia Steven A. Teitelbaum, Jones Day, Washington, D.C. Theodore I. Yi, Quarles & Brady LLP, Chicago ALI-ABA Staff Attorney: Thomas M. Hennessey, Assistant Director, Office of Courses of Study

3 Thursday, April 15, :00 a.m. Registration and Continental fast 8:55 a.m. Welcome and Administrative Remarks ALI-ABA Staff Webcast Segment A $299 9:00 a.m. Introductory Remarks and Course Overview Mr. Goldberg and Ms. Mattei 9:15 a.m. Grappling with Default, Workout, and Bankruptcy Issues; Dealing with Relationship Lenders, Servicers, and Special Servicers; the Place of the Securitized Market Messrs. Forte and Kaufman and Faculty 10:30 a.m. Networking and Refreshment 10:45 a.m. Default, Workout, and Bankruptcy Issues (continued) 12:15 p.m. Questions and Answers 12:30 p.m. Lunch and Informal Question and Answer Sessions with the Faculty Webcast Segment B $299 2:00 p.m. Know Your Lender: Advanced Issues in Construction and Permanent Financing from the Lender s Perspective Messrs. Horowitz and Schiller 2:45 p.m. Representing the Borrower: Advanced Issues Mr. Hamilton and Mss. Mattei and McDaniel 3:30 p.m. Networking and Refreshment 3:45 p.m. Mezzanine and Preferred Equity Financing; Secondary Financing Messrs. Goldberg and Horowitz 4:30 p.m. Legal Opinions Messrs. Hamilton and Hollyfield 5:15 p.m. Questions and Answers 5:30 p.m. Adjournment for the Day; Networking Reception for Registrants and Faculty Thursday, June 3, :00 a.m. Registration and Continental fast 8:55 a.m. Welcome and Announcements ALI-ABA Staff Webcast Segment A $299 9:00 a.m. Introductory Remarks and Course Overview Messrs. Goldberg and Senn 9:15 a.m. Letters of Intent Messrs. Senn and Teitelbaum 9:30 a.m. Office Leasing Messrs. Aitelli, Hollyfield, Molotsky, and Yi 10:45 a.m. Networking and Refreshment 11:00 a.m. Office Leasing (continued) 12:15 p.m. Questions and Answers 12:30 p.m. Lunch and Informal Question and Answer Sessions with the Faculty Webcast Segment B $299 1:45 p.m. Retail Leasing Ms. Louskos and Messrs. Goldberg, Rackow, and Senn 3:15 p.m. Networking and Refreshment 3:30 p.m. Retail Leasing (continued) 4:15 p.m. Assignments and Subleases Ms. Louskos and Messrs. Rackow, Senn, and Teitelbaum 5:00 p.m. Questions and Answers 5:15 p.m. Adjournment for the Day; Networking Reception for Registrants and Faculty Friday, June 4, :00 a.m. Networking Session and Continental fast Webcast Segment C $299 8:30 a.m. Ground Leases Mr. Goldberg and Ms. Murphy

4 Friday, April 16, :30 a.m. Networking Session and Continental fast Webcast Segment C $299 9:00 a.m. Equity as a Form of Alternative Financing: Joint Ventures, Partnerships, LLCs, and Private Equity Funds Messrs. Goldberg and Hamilton and Ms. Mattei 10:00 a.m. The Future of the Capital Market Transaction: Where Is the Industry Heading? Dealing with CMBS Pools and CDOs Mr. Forte 10:30 a.m. Networking and Refreshment 10:45 a.m. Credit Enhancement: Guarantees, Letters of Credit, and Swaps (Caps and Collars) Ms. Mattei and Mr. Schiller 11:30 a.m. Insurance for Financing Transactions Mr. Goldberg 12:15 p.m. Questions and Answers 12:30 p.m. Lunch and Informal Question and Answer Sessions with the Faculty Webcast Segment D $299 2:00 p.m. Inter Creditor Techniques and Mezzanine Loan Inter-Creditor Relationships Messrs. Goldberg and Hollyfield and Ms. McDaniel 3:00 p.m. Co-Lending Agreements Ms. McDaniel and Mr. Schiller 3:45 p.m. Networking and Refreshment 4:00 p.m. Ethical Issues in Real Estate Financing Ms. Mattei and Faculty 5:00 p.m. Questions and Answers 5:15 p.m. Adjournment Total 60-minute hours of instruction: 12.75, including one hour of ethics 15 CPE credit hours in Business Law (group-live and group-internet-based program) 9:30 a.m. Security Deposits (of all kinds), Guarantees, Defaults, and Litigation Messrs. Pollack, Senn, and Teitelbaum 10:15 a.m. Bankruptcy Mr. Pollack 11:00 a.m. Networking and Refreshment 11:15 a.m. Insurance: An Attorney s Primer Mr. Goldberg 11:45 a.m. Leasing in Troubled Times (Even Worse Than Last Year) Ms. Louskos and Messrs. Goldberg and Senn 12:15 p.m. Questions and Answers 12:30 p.m. Lunch and Informal Question and Answer Sessions with the Faculty Webcast Segment D $299 1:45 p.m. Green Leases Messrs. Senn, Teitelbaum, and Yi 2:30 p.m. Lenders and Leases Messrs. Aitelli, Hollyfield, and Molotsky 3:15 p.m. Networking and Refreshment 3:30 p.m. Ethics and Professional Responsibility Faculty Panel 4:30 p.m. Questions and Answers 4:45 p.m. Adjournment Total 60-minute hours of instruction: 13, including one hour of ethics 15.5 CPE credit hours in Business Law (group-live and group-internet-based program) Don t Miss These Programs! Get the best, most timely instruction from the finest faculty and ALI-ABA s legendary course materials just about any way you can imagine. Attend & network in Philadelphia Watch in house View online on demand Arrange a group viewing Download MP3s Take DVDs & MP3 CD-ROMs Customize a knowledge portal. It has never been easier to satisfy your CLE needs, schedule, and budget!

5 MAIL this form together with payment to ALI-ABA: REGISTRAR, ALI-ABA, 4025 Chestnut Street, Philadelphia, PA Please attach names and addresses of additional registrants. FAX (215) Phone CLE NEWS WEB ú ú Commercial Real Estate Financing, in Philadelphia, April 15-16, 2010 $999 úú úú Please enter registration(s) for on-site attendance in Philadelphia. Tuition: $999. CR048 I am a full-time employee of the federal, a state, or a local government or a government agency. Tuition: $ CR048GOV Live Video Webcast $999/$299 The entire program. Tuition: $999 Webcast Segment A. Tuition: $299 Webcast Segment B. Tuition: $299 WAR048 WAR048A WAR048B Can t attend? You don t have to miss anything! Webcast Segment C. Tuition: $299 Webcast Segment D. Tuition: $299 Send a DVD (video) of the program, including a complimentary mp3 CD-ROM and PDFs of the course materials, for $799. AR048V Send an audio mp3 CD-ROM of the program, including PDFs of the course materials, for $599. AR048 Send the printed course materials only, for $249. SR048 Online video and audio and searchable (PDF) course materials of this program will be available. ú ú Commercial Real Estate Leases, in Philadelphia, June 3-4, 2010 $999 Please enter registration(s) for on-site attendance in Philadelphia. Tuition: $999. CR052 I am a full-time employee of the federal, a state, or a local government or a government agency. Tuition: $ CR052GOV úú Live Video Webcast $999/$299 The entire program. Tuition: $999 WAR052 Webcast Segment A. Tuition: $299 WAR052A Webcast Segment B. Tuition: $299 WAR052B Webcast Segment C. Tuition: $299 Webcast Segment D. Tuition: $299 úú Can t attend? You don t have to miss anything! Send a DVD (video) of the program, including a complimentary mp3 CD-ROM and PDFs of the course materials, for $799. AR052V Send an audio mp3 CD-ROM of the program, including PDFs of the course materials, for $599. AR052 Send the printed course materials only, for $249. SR052 Online video and audio and searchable (PDF) course materials of this program will be available. WAR048C WAR048D WAR052C WAR052D G G Special Offer for Registrants Attending in Philadelphia: Register for Commercial Real Estate Financing: Strategies for Changing Markets and Uncertain Times and attend Commercial Real Estate Leases: Selected Issues in Drafting and Negotiating in a Distressed and Troubled Market for only $ (a 50% savings)! Total tuition: $ CR048_CR052 PA residents only, add 8% sales tax to total amount (excluding course registrations). $ Total j Check enclosed (payable to ALI-ABA) Please charge to my credit card: j AMEX j DISCOVER j MasterCard j VISA Card no.: Card expiration date: / name (please print) f i r m street address suite/floor number c i t y s t a t e z i p+4 phone (include area code) signature e-m a i l a d d r e s s (r e q u i r e d f o r webcasts a n d o n l i n e subscr iptions) k e y c o d e (f r o m l a b e l )

6 how to register online (financing course) (leases course) phone CLE NEWS fax mail return the form on the back panel of this brochure to: Registrar, 4025 Chestnut Street, Philadelphia, PA GET MANDATORY CLE AND CPE CREDIT Virtually all ALI-ABA programs receive CLE credit in AK, AL, AR, AZ, CA, CO, DE, FL, GA, IA, IL, IN, KS, KY, LA, ME, MN, MO, MS, MT, NC, ND, NE, NJ, NH, NM, NV, NY, OH, OK, PA, RI, SC, TN, TX, UT, VA, VT, WA, WI, and WV. Upon request, ALI-ABA will apply for CLE credit in ID, OR, and WY. Commercial Real Estate Financing is expected to qualify for credits, including one ethics credit, in 60-minute MCLE jurisdictions; and for 15.3 credits, including 1.2 ethics credits, in 50-minute MCLE jurisdictions. In NY, this course is appropriate for both newly admitted and experienced attorneys. Commercial Real Estate Leases is expected to qualify for 13 credits, including one ethics credit, in 60-minute MCLE jurisdictions; and for 15.6 credits, including 1.2 ethics credits, in 50-minute MCLE jurisdictions. In NY, this course is appropriate for both newly admitted and experienced attorneys. For specific information on CLE, CPE, or other professional accreditation in your state, please the MCLE Team at go to or call CLE-NEWS. NASBA ALI-ABA is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN Web site: For more information regarding ALI-ABA s administrative policies, such as complaint and refund, please call Customer Service at (800) CLE-NEWS. CPE credit hours for Commercial Real Estate Financing: 15 in Business Law (group-live and groupinternet-based program). CPE credit hours for Commercial Real Estate Leases: 15.5 in Business Law (group-live and group-internet-based program). Learning Objectives: Acquisition of knowledge and skills to develop proficiency as a practitioner; maintenance of professional competence as a practitioner; provision of information on recent developments. Suggested Prerequisite: Limited experience in practice in subject matter or completion of Basic CLE/CPE Course in subject matter. Level of Instruction: Advanced HOTEL ACCOMMODATIONS Hotels conveniently located within walking distance of the ALI-ABA Conference Center include: The Hilton Inn at Penn, 3600 Sansom Street, Philadelphia, PA 19104; Sheraton Philadelphia University City Hotel, 3549 Chestnut Street, Philadelphia, PA 19104; (215) And Don t Miss Commercial Real Estate Defaults, Workouts, and Reorganizations April 29-May 1, 2010, San Francisco and webcast, CR047/WAR047 Modern Real Estate Transactions July 29-31, 2010, Chicago and webcast, CS012/WAS012 follow us on

7 Commercial Real Estate Financing Strategies for Changing Markets and Uncertain Times The commercial real estate market is in a prolonged slump, but there is still demand for attorneys who can handle sophisticated commercial projects with alternative financing. Indeed, such expertise is now more important than ever. If you want to polish your skills to handle these projects, this is the course for you. This intensive, two-day annual course of study, comprising more than 12 hours of instruction, brings you: Instruction by the nation s most distinguished and respected practitioners in this field In depth examination of numerous aspects of real estate financing, with commentary about recent and future trends Timely topics, including defaults, workouts, and bankruptcy issues Forms and agreements used by top experts in their practices Multiple networking opportunities, including lunches with the faculty and a Thursday afternoon reception Commercial Real Estate Leases Selected Issues in Drafting and Negotiating in a Distressed and Troubled Market In today s troubled real estate market, you must take the distressed market into account when negotiating commercial real estate leases, assignments, and subleases. You also must know how to deal with a tidal wave of defaults and bankruptcies and how to reuse space as a result of the changing tenant mix. Learn new approaches tailored to current conditions that will pay dividends in your practice for years to come. Comprising 13 hours of instruction, this annual advanced course of study: Provides instruction on the key issues involved in negotiating office leases, retail leases, ground leases, assignments, and subleases in this complicated and problematic market Provides guidance on handling defaults, on insurance issues, on green leases, and on the use of subordination, nondisturbance, and attornment agreements Emphasizes drafting and negotiating skills, while getting registrants fully versed in the key issues they will face Offers multiple networking opportunities with faculty and other registrants, including informal Q&A sessions and a Thursday afternoon reception Can t Attend? Both programs are available 8 ways, giving you more ways than ever to get this great information: On-site Live Webcast Group Webcasts Online CLE DVD Audio MP3 CD-ROM Course Materials

8 ONLINE FAX Phone CLE NEWS 4025 Chestnut Street, Philadelphia, PA Two courses that bring together sophisticated practitioners to discuss timely topics and offer guidance and advice during these unprecedented times. Philadelphia (ALI-ABA Conference Center) or Live Video Webcast Commercial Real Estate Financing Strategies for Changing Markets and Uncertain Times Thursday-Friday, April 15-16, 2010 Commercial Real Estate Leases Selected Issues in Drafting and Negotiating in a Distressed and Troubled Market Thursday-Friday, June 3-4, 2010 SPECIAL OFFER: Register for Commercial Real Estate Financing: Strategies for Changing Markets and Uncertain Times and attend Commercial Real Estate Leases: Selected Issues in Drafting and Negotiating in a Distressed and Troubled Market for only $ (a 50% savings)! CR048-CR052 American Law Institute-American Bar Association Continuing Professional Education 4025 Chestnut Street, Philadelphia, PA NONPROFIT ORG U.S. Postage PAID ALI-ABA