News

Mid Atlantic Real Estate Journal Publishes Ira Meislik’s Article on Replacement Leases

Published: June 27, 2009

The July 10 – August 13, 2009 edition of Mid Atlantic Real Estate Journal features Ira Meislik’s article and warning: “Be Careful When Entering Into a New Lease.” In this thoughful, concise piece in their Shopping Centers section, he warns about the pitfalls of replacing an existing lease with an entirely new, updated version. His primary tip is to produce an Amended and Restated Lease instead and, in doing so, to be sure to address a number of common situations that can be “lost” when replacing seemingly outdated provisions in the old lease. Meislik’s advice, simply put, is “avoid surprises, protect against the consequence of losing the benefit of priorities that arise out of the date of the original lease, such as exclusive use rights, and subordination positions.”

Ira Meislik has written and spoken extensively in the areas of real estate, business entity selection, attorney ethics, limited liability entities, and unincorporated business associations. He is a Fellow of the American College of Real Estate Lawyers. Mr. Meislik is also chairman of the Ground Leasing Committee of the American Bar Association’s Real Property, Probate and Trust Section and is a member of the American, New Jersey, New York, and Essex County Bar Associations, as well as of the International Council of Shopping Centers. He has also been a member of the New Jersey State Bar Association’s Real Property, Trust and Estate Law Section’s Board of Consultors and a is currently a director of its Business Law Section. Mr. Meislik has also chaired the American Bar Association’s Real Property, Probate and Trust Section’s Joint Committee on Limited Liability Companies. He can be reached at .(JavaScript must be enabled to view this e-mail address)or at 973.783.3000.

Meislik & Meislik is a law firm focusing on business and commercial real estate matters. The firm provides their clients with special expertise in the area of Retail Real Estate Law. Located in Montclair, New Jersey, it represents developers, investors, landlords, and single and multiple-location tenants locally as well as nationally and regionally. More about Meislik & Meislik can be found on its website at www.meislik.com.

Mid Atlantic Real Estate Journal is a monthly newspaper that describes itself as “The Most Comprehensive Source For Commercial Real Estate News.” The Journal encompasses all aspects of the commercial real estate industry reaching thousands of decision makers who finance the building, build the building, buy the building, tenant the building, and manage the building.

Ira Meislik’s Latest Article Exploring Problems In Assignment and Subletting Is Published

Published: June 26, 2009

Commercial Leasing Law & Strategy, a leading industry newsletter has just published Part One of a two-part article written by Meislik & Meislik’s Managing Principal, Ira Meislik. Titled: How to Create Common and Uncommon Assignment/Subletting Problems, the article explores the use of assignment and subletting rights as part of a tenant’s exit strategy. It examines the differences between a lease assignment and the subletting of space from the perspective of landlords, tenants, and lenders. Assignments pro tanto, an obscure and often misunderstood way by which a tenant’s leasehold interests can be transferred, are treated in simple, easily understood terms.

Publications directed to the community of commercial real estate attorneys, developers, tenants, and property managers continue to look to the attorneys at Meislik & Meislik, a New Jersey law firm with a national real estate practice, as their source for timely, accurate, and focused information. According to Ira Meislik, “we are humbled and honored to be sought out by editors and publishers throughout the country as their go-to firm when it comes to keeping the commercial real estate community up-to-date on state of the art solutions to new and recurring issues.”

Commercial Leasing Law & Strategy “provides practical, must-have information on the business and legal aspects of commercial leases.” It is published monthly by the Law Journal Newsletters and subscriptions can be obtained at www.lawjournalnewsletters.com.

Ira Meislik Speaks at Key Issues Program

Published: June 3, 2009

Ira Meislik addressed the New Jersey Bar on June 2, 2009 and gave his review of the effect of the current economic uncertainty and turmoil on the future of the practice of real estate law. His presentation was part of a program titled: “2009 Key Issues Facing Corporate, Business and Commercial Real Estate Lawyers.” Four other speakers, each from prominent New Jersey law firms, presented their thoughts on other key issues facing transactional lawyers in the state.

Known for his experience and insight, Mr. Meislik was invited by the program sponsor, The New Jersey Institute for Continuing Legal Education, to share his observations and analysis about viable opportunities in an overstressed real estate market. Mr. Meislik, a frequent lecturer throughout the country, is the recipient of that organization’s Distinguished Service Award for Excellence in Continuing Legal Education.

Ira Meislik To Discuss Key Issues Facing Commercial Real Estate Lawyers In These Volatile Times

Published: May 7, 2009

Ira Meislik will join speakers from the largest law firms in New Jersey on June 2, 2009 as part of a program titled: “2009 Key Issues Facing Corporate, Business and Commercial Real Estate Lawyers.” The program takes place at 5:30 pm at the New Jersey Law Center in New Brunswick, New Jersey.

Known for his experience and insight, Mr. Meislik was invited by the program sponsor, The New Jersey Institute for Continuing Legal Education, to share his observations and analysis about viable opportunities in an overstressed real estate market. He will be joined by a team of panelists who will present their thoughts about other aspects of today’s environment for business and commercial real estate transactions.

Ira Meislik Speaks At New Jersey State Bar Association Annual Meeting

Published: May 7, 2009

Ira Meislik of Meislik & Meislik, joined by Ira B. Marcus of Marcus Brody, presented a program on Buying and Selling a Small Business in the Current Economic Environment on May 13, 2009 in Atlantic City, New Jersey. Part of the New Jersey State Bar Association’s 2009 Annual Meeting, this timely and topical program took place at the Borgata Hotel Casino & Spa.

Mr. Meislik covered creative solutions to deal with the myriad of real estate and business issues that arise in connection with the sale of a business in today’s financial climate. Topics covered included how to deal with contentious issues surrounding “Material Adverse Change” clauses in purchase contracts and the renewed emphasis on transactional due diligence.