In this episode, we are speaking about commercial real estate and family business law with one of the most experienced and decorated attorneys at a large New York City firm.
Please welcome Belinda Schwartz – the chair of the Real Estate Department at New York law firm Herrick Feinstein LLP. As one of the only women in the country to chair a major commercial real estate practice, Belinda has high-level insights into New York’s commercial real estate market, including trends and issues impacting development & sales, leasing, hotels, condos/co-ops, and more.
Belinda serves as outside general counsel to many family-owned real estate businesses with portfolios valued in excess of $1 billion. In this role, she helps manage a full range of transactional and operational matters, as well as succession, tax and estate planning concerns.
Belinda’s clients include prominent developers, owners, funds, investors and family-owned real estate businesses, whom she advises in complex debt and equity transactions, such as real estate restructurings and workouts, fund formation, property acquisitions and sales, joint ventures, development deals, construction matters, ground leases, and commercial leases.
In this episode, we discussed:
- The craziness of commercial real estate in New York City
- What are the different risks and rewards that you get in larger communities that you might not see in smaller, less expensive markets?
- What are some of the changes that people with a long term strategy should be making now in today’s market?
- Have we seen the march away from urban real estate toward smaller markets?
- How different is commercial real estate going to look in the future compared to a decade ago?
- How do politics and regulatory requirements affect the ability to covert property types from commercial to residential?
- The importance of building relationships with people at other firms and within city government
- Why coming to the office to meet colleagues and clients remains critical in building a network, and how younger workers might be missing that opportunity
- How does Belinda empower women in a historically male-dominated industry?
- How do we do business differently in the United States that might surprise investors and other people from other parts of the world?
- What concerns do smaller family-run companies have?
Where you can find Belinda:
Website – https://www.herrick.com/belinda-g-schwartz/
LinkedIn – https://www.linkedin.com/in/belindaschwartznyc/
Join Jason Muth and Attorney / Broker Rory Gill of NextHome Titletown and UrbanVillage Legal in Boston, Massachusetts for another episode of The Real Estate Law Podcast!
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