News: Brokerage

Friedland joins Herrick's real estate department as counsel

Seth Friedland, Herrick Seth Friedland, Herrick
New York, NY According to Herrick, Seth Friedland, one of the New York metropolitan area’s leading environmental lawyers, has joined their real estate department as counsel. Friedland’s arrival enhances our ability to advise developers, owners, lenders and tenants on transactions, litigation, government relations and regulatory concerns for environmentally impacted and distressed properties, including Superfund and brownfields sites. He has a wealth of experience – in New York, New Jersey, Connecticut and across the country – dealing with the acquisition, sale, development, financing, joint venture, leasing, ground leasing and operation of environmentally sensitive properties, as well as related litigation and regulatory concerns. Friedland is also one of the region’s leading authorities on gas station and petroleum facilities redevelopment, and petroleum marketing. Gas stations and petroleum facilities often present compelling redevelopment opportunities, and his wealth of experience positions Herrick as the go-to law firm for the full suite of legal and governmental concerns associated with owning, maintaining, operating and redeveloping these sites, as well as all petroleum marketing and downstream issues. Friedland’s clients in this area include major petroleum jobbers, terminal operators, lenders, real estate developers and the owners of more than 500 gas stations. His recent gas station-related work includes the negotiation of a master lease with BP for 25 New York City gas station sites; the sale of a Brooklyn gas station to a publicly-traded developer; the successful Chapter 11 reorganization of a large independent retail gas chain; the acquisition and financing of 20 Connecticut Shell gas stations; and the acquisition and financing of 90 Shell gas stations in New York City. Friedland is also currently advising a joint venture between Related Companies and LargaVista Companies on environmental matters in the development of a $200 million retail and office building on the corner of Lafayette and East Houston in Soho.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,