The use of the term material adverse effect within asset-based lending agreements has a long history. Jaime Rachel Koff and Lon M. Singer provide an introduction to the term and how it was originally used and then take us through more recent history and how its use has changed, particularly during the COVID-19 pandemic.
ABF Journal
Senior Partner Alan Braunstein was a panelist at Massachusetts Lawyers Weekly’s webinar, “What you need to know about Subchapter V bankruptcy.”
Massachusetts Lawyers Weekly
The firm has announced the promotion of five lawyers to senior partner and two lawyers to partner. These promotions reflect a continued emphasis on the growth of the firm’s national finance practice.
Law360
Stacy Goldstein has been elected by the partners of Riemer & Braunstein LLP as a member of the firm’s Executive Committee. Stacy is a senior partner in the firm’s New York office and practices in the Real Estate Finance Practice Group. She represents domestic and foreign financial institutions in bilateral and agented real estate finance transactions.
Business Wire
Massachusetts small business debtor confirmed Chapter 11 Reorganization Plan under the new Subchapter V of the Bankruptcy Code.
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Riemer & Braunstein News Alert
The Real Deal, a New York publication that closely tracks real estate transactions, recently published its list ranking law firms by dollar volume of commercial real estate loans in New York City (September 1, 2019 through September 30, 2020). Using data from the records of the NYC Department of Finance, The Real Deal reviewed commercial real estate loans of $1,000,000 or above. Riemer & Braunstein was ranked at No. 4 out of 40 law firms on the list.
The Real Deal
We are continuing to closely monitor the news and developments regarding the virus and its possible implications to our clients and our lawyers and staff.
Our offices re-opened on March 14, 2022, with specific guidelines and procedures to provide a healthy and safe work environment for our attorneys, staff and clients. We have made certain modifications to our offices, obtained PPE and other sanitation supplies, and adopted a comprehensive reopening and operating plan. All of our attorneys and staff will be operating on a hybrid arrangement, coordinating an in office and remote work schedule. You can be assured that all of our attorneys will continue to be able to handle both from in the office and remotely our clients’ legal needs. Although we will limit in-office visits by third parties, we have procedures in place for such visits, including the completion of a questionnaire.
We will post updates as this very fluid situation changes.
Please know that we are doing everything we can to reduce the risk of exposure and prevent the spread of the virus amongst our clients, lawyers and staff by following the latest recommendations from local health officials and the CDC.
Thank you for your continuing support,
Riemer & Braunstein LLP
Senior Partner Bob Buckley recently appeared on “One On One” where he discussed how business is evolving because of the pandemic.
New England Real Estate Journal
Four lawyers promoted to senior partner, two lawyers added to New York office strengthening Real Estate Finance Practice.
Business Wire
Over the past few years the retail real estate industry has struggled, forcing many shopping center owners to deal with unwanted vacancies. Now the COVID-19 pandemic has obviously caused further disruption to the industry. Senior Partner Mark Vaughan discusses the unique opportunity for many communities to work collaboratively with mall owners to adopt flexible and innovative zoning which can be utilized to reposition these assets for redevelopment.
Banker & Tradesman
Michael Fallman has rejoined Riemer & Braunstein LLP after a 10-year hiatus during which he was a successful real estate and business entrepreneur. In conjunction with Michael’s return, the firm has restructured its practice areas, merging the real estate and business law practice areas into Real Estate/Business Law and forming a separate land use practice area, Land Use/Land Use Litigation.
Boston Real Estate Times
Senior Partner Jaime Koff was recently named to The Secured Lender 2020 Women in Secured Finance list. In this interview, she shares advice for women in the industry.
The Secured Lender
As lenders struggle with difficult decisions and challenging portfolio management issues amidst the Covid-19 Pandemic, Commercial Finance Senior Partners from our firm’s Financial Services Group survey and discuss what they are seeing in the marketplace.
Riemer & Braunstein News
Chapter 11 cases come in many shapes and sizes, and involve companies in every industry and sector of the economy. Riemer & Braunstein’s Don Rothman discusses a key component common to nearly every bankruptcy case: developing an acceptable budget that will serve as the lifeblood of estate administration.
American Bankruptcy Institute Journal
The new CARES Act provides temporary debt limit increase for “Small Businesses” to restructure debts under Subchapter V of Chapter 11 (among other amendments to the Bankruptcy Code).
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Riemer & Braunstein News Alert
Secured Finance Network President John DePledge, Head of Asset-Based Lending at Leumi Business Credit, and Lon Singer, Senior Partner in Riemer & Braunstein LLP’s commercial finance group, discuss the unique business and legal concerns involved in lending to companies operating as licensees of famous marks.
The Secured Lender Express
Riemer & Braunstein LLP announced the recent hiring of a number of new lawyers to augment the firm’s national reach.
Business Wire
Riemer & Braunstein LLP announced it has added three attorneys to its Florida practice to join Steve Klein, who manages the Miami office.
Business Wire
In the spring of 2016, a few Boston corporate finance professionals attending a conference in New York City decided to meet for dinner to spend some quality time catching up. A wide variety of industry topics were discussed, and towards the end of the evening, the importance of the Boston corporate finance professionals giving back to their community became a lively topic of discussion. Soon after, the Boston Corporate Finance Community (BCFC) was founded by Cheryl Carner, Crystal Financial; Ken Frieze, Gordon Brothers; Keith Vercauteren, Wells Fargo and the authors, Ward Mooney, Crystal; and Kevin Murtagh, Riemer & Braunstein LLP.
The Secured Lender
Riemer & Braunstein is proud to be part of The Boston Corporate Finance Community (BCFC), a collaboration of Boston-based companies active in the corporate finance industry. BCFC has announced the date for the 2nd annual BCFC Gathers to Give Back celebration on Thursday, October 10. At the event, the group will raise funds on behalf of More Than Words and honor Bill Mayer, executive vice president and group head, Wells Fargo Equipment Finance.
Business Wire
Concluding a herculean economic planning effort that began nearly 16 months ago, the City Council recently sanctioned the transformative Woburn Village redevelopment of Mishawum Road’s 23-acre Woburn Mall site. Riemer & Braunstein’s Mark Vaughan represented the developer.
Daily Times Chronicle
The attorney who advises asset-based lenders and other lenders faces unique and ever-changing professional challenges. Lon M. Singer of Riemer & Braunstein’s Financial Services Group examines the collaborative relationship of counsel and lender clients.
ABF Journal
Steven Weinstein, a member of the Executive Committee of Riemer & Braunstein and the chair of the firm’s real estate finance practice area, has been appointed as the firm’s managing partner and chair of the firm’s Executive Committee. Weinstein will succeed Stanley Riemer, 72, who has been the managing partner for over 40 years, during which time the firm has become a national leader in the representation of financial institutions in real estate and commercial finance with six offices nationwide.
Business Wire
Riemer & Braunstein has opened a Miami office to enhance the firm’s ability to represent both its national and regional clients. Steven M. Klein, an experienced real estate attorney representing lenders and developers in sophisticated real estate transactions in Florida and nationally, will be managing the Miami office. As Miami is one of the nation’s capital market centers, the Florida office represents a natural expansion of Riemer & Braunstein’s representation of national and regional financial institutions and funds in real estate finance, commercial lending and restructuring matters.
Business Wire
A Massachusetts Land Court judge ordered the Woburn City Council to modify or reduce the mitigation payment a developer must contribute for a 41-unit townhouse project after Riemer & Braunstein’s Dennis McKenna filed an appeal.
Daily Times Chronicle
Riemer & Braunstein’s Steven Greene discussed a pickup in troubled loans in a recent article in The Boston Globe.
The Boston Globe
Our partner Kevin Murtagh, and Ward Mooney, who is a pillar of the Boston corporate finance community, recently collaborated to bring together well over 300 members of the Boston corporate finance community to support a deserving Boston non-profit organization, More Than Words. This dinner, intended to be an annual event, raised almost $450,000 for this fine organization and was featured in an article in The Boston Globe.
The Boston Globe
The Real Deal, a New York publication that closely tracks real estate transactions, recently published its list ranking law firms by dollar volume of commercial real estate loans in New York City (July 1, 2017 through June 30, 2018). Using data from the records of the NYC Department of Finance, The Real Deal reviewed commercial real estate loans of $1,000,000 or above. Riemer & Braunstein was ranked at No.1 on the list, with a dollar volume of $3,730,000,000.
The Real Deal
Lending to large, public companies can burnish an ABL lender’s reputation and offer a unique opportunity to expand its business model. Riemer & Braunstein’s Lon M. Singer explains how to navigate through these complex and ultimately rewarding deals.
ABF Journal
Mark T. Vaughan, a commercial real estate attorney at Riemer & Braunstein, says changes are in store for most brick-and-mortar shopping meccas.
Banker & Tradesman
A Boston development company has filed plans for a South End complex it says could be a piece in the city’s Amazon HQ2 puzzle. Riemer & Braunstein’s Bob Buckley discusses how this could be an opportunity to bring better transportation to Boston.
Bisnow
Riemer & Braunstein’s Bob Buckley discusses how malls are redeveloping themselves as entertainment, recreation and experiential gathering places.
Banker & Tradesman
Dennis McKenna, a Senior Partner in Riemer & Braunstein LLP’s litigation department, is interviewed about a decision of the Business Litigation Session and the Stay granted to his clients during the pendency of an appeal to the Massachusetts Appeals Court.
Massachusetts Lawyers Weekly
Robert Buckley, a land-use attorney and senior partner at Riemer & Braunstein LLP, said he’s seeing suburban towns increasingly embrace the idea of compact, walkable, mixed-used developments that evoke more of a communal atmosphere.
Banker & Tradesman
Robert Buckley, a senior partner in Riemer & Braunstein’s real estate practice, comments on trends in area commercial real estate.
Banker & Tradesman
Employers are slowly realizing that highly-skilled workers value transportation options. Riemer & Braunstein’s Bob Buckley comments on the importance of transportation as a benefit to employees.
CommonWealth