Commercial Lease Basics: Key Terms and Drafting Considerations for Landlords and Tenants, Pitfalls to Avoid

Mr. Freeman specializes in all aspects of commercial real estate. He is recognized within the real estate community as a skilled and efficient dealmaker with a particular emphasis in the commercial leasing arena. His practice focuses on acquisitions and dispositions, development, joint ventures and management of real estate assets, and office, industrial and retail leasing. Mr. Freeman represents national and regional office and industrial landlords, major office and industrial tenants, and regional shopping center owners. Since 2007, he has drafted and negotiated leases and lease amendments for more than 20 million square feet of office, industrial and retail space located throughout the U.S., including the largest annual office lease in Orange County three times: in 2014 (191,000 feet), 2020 (260,000 feet) and 2021 (640,000 feet). Notably, the 640,000-square-foot office lease he completed in 2021 was one of the largest office leases in the history of Orange County.

Mr. Korenaga’s practice is focused on acquisitions, dispositions, leasing, and merger and acquisition deals across real estate product types and nationally. He represents real estate owners, developers, and investors, as well as landlords and tenants of office, industrial, retail, and medical office properties. He has particular expertise in representing homebuilders nationally. Mr. Korenaga also represents landlords and tenants in negotiating sophisticated office, industrial, retail, medical office, and ground leases. He serves as the lead attorney for leasing, tenant disputes, lease workouts, and other day-to-day operational matters at several major developments throughout California. During his time at the firm, Mr. Korenaga has routinely handled in excess of 1.5 million square feet of leasing-related transactions annually.