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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.

  • Shopping Center Acquisitions - 4 Lease Clauses that Impact Value

    Before diving into the purchase of a shopping center, prospective buyers assess the value of the shopping center by considering location, tenant mix and financial strength, competing shopping centers, and the physical condition of the buildings. In addition to these considerations, potential buyers should be aware of four common types of lease provisions that can impact the overall value of the shopping center.

    Exclusive Use Provisions.  In order to attract a tenant, landlords often grant an exclusive right to sell a particular service or good within the shopping center.  It is not uncommon for a landlord to grant exclusive use rights to tenants that conflict with uses that are permitted under then-existing leases or that directly conflict with another exclusive use right.  For example, if one tenant is permitted to use its premises for “any lawful purpose,” exclusive rights granted to a second tenant to sell women’s shoes could be violated by the first tenant (even though its current use does not include the sale of women’s shoes). If an actual or potential conflict exists among exclusive use provisions of the shopping center’s leases, the buyer could later become embroiled in expensive litigation with one or more of the tenants.  This could lead to the buyer suffering the termination of a lease, lost rental income or liability for damages.  In response to use concerns raised by a buyer, a seller may...[read more]

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

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