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"Rick Angel, our "go-to" counselor, zeros in on critical issues, creatively solves problems, understands and prioritizes my business needs, and masterfully negotiates deals. "
Frank Buckley, Urban Development Partners LLC

"Rick is a creative problem solver, a consummate negotiator and a strategic thinker, bringing more than just legal expertise to his client’s team."
Art Mazirow Attorney, Arbitrator and Real Estate Investor

"Rick understands the nuances of being an owner, and is able to negotiate 98% of all lease issues (allowing us) to focus our corporate energies on solving major issues and running other business operations."
Aric Browne, Managing Director, Ethan Christopher LLC

"Rick Angel is a highly skilled communicator and advisor who effortlessly translates legal issues into “bottom line” business terms, (using) his expertise and technology to move the transaction forward."
Robert Kleiman President, Structure Development Corporation

"We not only get valuable advice from a seasoned attorney, but we also receive guidance from a former business executive with organizational and operating experience at a publicly traded company."
Ron Claman, Managing Partner Aero Tech Properties and Investments LLC

"Rick and his staff's business-oriented, strategic approach saved us large sums of money and their legal fees were less costly than expected."
David Latona, Managing Director, Advanced Quality Logistics, LLC

"Rick stands out as one of the most effective and talented lawyers I have ever dealt with, bringing a rare ability to distill complex issues down to layman’s terms and frame their business impacts."
Christopher Bonbright, CEO Ramsey-Shilling Commercial Real Estate Services, Inc.

  • 7 Practical Steps to Expedite the Sale of Commercial Real Estate

    Owners selling commercial real estate should consider these seven practical steps to expedite the due diligence period, decrease the negotiated reductions in sales prices, and speed up the eventual closing.

    Property Information. Collect and organize all available property information to provide to potential buyers as early as possible. Gather and organize property information prior to placing the property on the market. Your ability to promptly deliver well organized due diligence materials will shorten the buyer’s due diligence period. Information to collect includes: financial information (rent rolls, operating statements, tax bills and other expense information), leases, environmental reports, soil reports, physical inspection reports, termite reports, surveys, plans, permits and warranties.

    Title and Survey. Obtain a survey and title commitment to shorten buyer’s due diligence period. Obtaining and delivering a current title report, together with a copy of the underlying documents, from a financially sound title company may enable...[read more]

    Angel Law Offices - Commercial Real Estate Lawyers - Los Angeles | Denver | Boulder

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  • Due Diligence for Commercial Real Estate: A Checklist for Seller’s Documents

     

     

    The information a buyer gathers and evaluates during the due diligence period will vary depending upon many factors, including the size of the transaction and due diligence budget, property type (office, retail, industrial, multi-family, land, etc.), occupancy (vacant, single tenant or multi-tenant), prior uses of the property, etc.  Depending upon the property involved, there are items in this due diligence checklist that may not be appropriate and other items not listed that a buyer may want to include.

    Buyers of commercial real estate often ask sellers to insert in the purchase agreement a list of due diligence documents to be delivered by the seller. If information in the buyer’s document list is not readily available to the seller, the document list may be narrowed down by the seller during negotiations. This process, in itself, may provide the buyer with insight into unquantifiable risks or costs that will be incurred to obtain the necessary information.  

    There are many elements of the due diligence process for commercial real estate, including obtaining new third-party inspection reports and a title report. This due diligence checklist focuses on information that buyers attempt to obtain from sellers. Whatever information is ultimately provided, sellers generally include a provision in the purchase agreement stating that the information contained in documents and third-party reports must be verified by the buyer and shall not constitute a representation or warranty of the seller as to their accuracy.  [CLICK TO VIEW CHECKLIST]

    Angel Law Offices - Commercial Real Estate Lawyers - Los Angeles | Denver | Boulder

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