The NAIOP Silicon Valley Real Time Virtual Series will feature content related to COVID-19 and its impact to local commercial real estate. This virtual meeting series is hosted every Wednesday at 11:00am and will include 30-minutes of timely content and Q&A.
The session will focus on the bankruptcy related issues that impact landlords when tenants file for bankruptcy, especially if such tenants have received rent relief from landlords. Issues covered will include the bankruptcy oriented pitfalls related deferred rent, assumption of leases in bankruptcy, rejection of leases in bankruptcy, and the retention of security deposits/letters of credit by landlord pre or post bankruptcy filing.
Additionally attendees will hear more about the possible effects of SB 939, a California state bill that is a COVID-19 commercial rent moratorium eviction and lease renegotiation bill, sponsored by CA state senator Scott Weiner.
Panelists are: Tony Natsis, Partner & Chair of the Global Real Estate Group at Allen Matkins Leck Gamble Mallory & Natsis LLP and Tim McGinty, Partner at Allen Matkins Leck Gamble Mallory & Natsis LLP.