The second in a series of conferences took take place Tuesday, October 22nd at the Carlyle At The Palace. Expert panelists presented "Negotiating the Commercial Real Estate Lease - The Tactics and Knowledge You Need To Maximize Results."
Those in attendance heard from four disciplines; brokerage, legal, tax and accounting on the topic of negotiating the commercial real estate lease. The speakers; David Hunt, president of
Hunt Corporate Services, Inc., Steven Elliot Cohen, partner at Franklin, Gringer & Cohen, P.C., Kevin Leifer, CPA and tax director at Gettry Marcus CPA, P.C and Andrew Ross, CPA and partner at Getty Marcus CPA, P.C joined together for this two-hour conference. Topics included; win-win negotiations, strategies, lease enhancement, special purpose entities, the eight most important clauses in the lease agreement, negotiation behind the scenes and tax and accounting considerations before finalizing the transaction. Guests had the opportunity to meet the speakers at the conclusion of the conference. "What impressed me most was being able to hear from a variety of areas of expertise on their contribution to the overall topic," said Steven Schramm, VP, Citibank.
"That opportunity doesn't present itself often."
Hunt has been involved with the rental, sale, appraisal and construction of industrial and commercial real estate, primarily on Long Island, New York since 1973. Hunt founded
Hunt Corporate Services, Inc. in January 1981 as an industrial and commercial consulting and brokerage firm, and Hunt Construction Services, Inc. to provide construction and maintenance services for New York metro companies. The aggregate value of commercial and industrial properties Hunt has leased or sold in the New York Metro Area exceeds half a billion dollars. The Costar Group and Real Estate Forum Magazine have individually named both the firm, and Hunt as a Top 20 Power Broker.
Cohen has been practicing in the areas of commercial litigation and transactions, matrimonial and family law and real estate litigation and transactions, among other areas, since his graduation from Benjamin N. Cardozo School of Law in 2985. He has successfully litigated cases throughout New York State and has appeared as outside counsel in federal and state courts from coast-to-coast. A public lecturer and a noted expert for local media, Cohen is admitted to practice before New York State courts and the United States Federal Courts for the Eastern and Southern Districts of NY.
Leifer specializes in the taxation of partnerships and in tax planning for real estate companies. As tax director at GMSL, Leifer acts as an advisor for both pners and clients. Formerly a Tax Partner with Ernst & Young, Leifer has over 35 years of experience serving real estate owners and developers. He has also spent time working with opportunity funds, the hospitality industry, real estate loan portfolios, REITs, UPREITs cooperative housing corporations, condominiums, and both corporate and institutional real estate.
Ross, CPA, CVA, CFE, PFS, is a partner at Gettry Marcus CPA, P.C. and is a member of the firm's Business Valuation & Litigation Services Group, one of the largest in the New York metropolitan area with nine credentialed business valuation professionals and a team of forensic accountants. Ross is a Certified Public Accountant, Certified Valuation Analyst, Certified Fraud Examiner and Personal Financial Specialist. With almost 30 years of experience, Ross has been engaged by numerous law firms to provide litigation and forensic accounting services on behalf of clients involved in stakeholder disputes, matrimonial dissolutions and other litigation related matters.
Hunt Corporate Services, Inc. specializes in exclusively representing clients for the acquisition or disposition of commercial real estate. Hunt Construction Services, Inc. provides general contracting, construction management and maintenance services for Long Island companies. For further information, contact Christa Cherney at (516)937-1000 or
[email protected]. Full information on the firm and their clients can be found at www.huntcorp.com and www.huntcsi.com.