The Sinreich Group

Attorneys at Law

(212) 317-1131

The Sinreich Group is a New York City based real estate law firm that represents public and private sector clients in connection with the acquisition, development, leasing, financing, repositioning and disposition of real estate throughout the country.

Bite Size Breaking News

Welcome to Bite Size Breaking News. We post every other Monday by noon. Have lunch with The Sinreich Group and get the latest real estate news in easily digestible “bite size” portions.

A New Kind of Sports Arena Emerges for Professional Gamers

Fueling the seemingly insatiable appetite for experiential real estate, a new type of entertainment venue is emerging: esports arenas. Esports, short for electronic sports, a.k.a. video games, is a burgeoning industry with leagues, tournaments and professional level competitions that are attracting hundreds of millions of global, online viewers. In keeping with the retail industry’s embrace of omni-channel strategies integrating virtual and brick-and-mortar sales platforms, esports which began as a virtual experience, is testing brick-and-mortar venues where professional gamers can compete in front of thousands of fans. Dedicated esports arenas are scattered throughout Asia and the migration to the U.S. has begun with arenas planned for Philadelphia, Winter Park, FL and Arlington, TX. Learn more

Commercial Real Estate Owners Pool Funds to Transform Communities

Going one big step beyond business improvement districts, the concept of community improvement districts (CIDs) took hold in Georgia in the mid-1980’s after statewide enabling legislation was passed. The first CID developed in a growing suburban submarket of Atlanta to facilitate $200M of improved transportation infrastructure. Through the CID, local business owners got the project off the ground by self-funding the initial investment to make it “shovel ready,” which in turn attracted the additional funding needed to make the project a reality. Since the late 1980’s, $1.5B in assessments by 31 CIDs throughout metro Atlanta have leveraged $5B in public infrastructure funding. Learn more

Time Out Markets Go Global

Magazine publisher Time Out launched the first Time Out Market in Lisbon Portugal in 2014. Billed as the world’s first food and cultural market, Time Out Lisbon combined food with entertainment and cultural venues including a curated mix of restaurants and kiosks, a cooking school and a 900-person entertainment venue. In 2017, 3.6M people visited, making it one of the city’s biggest attractions. This year, Time Out Markets are scheduled to open in Miami, New York City, Boston, Chicago and Montreal, with Prague and London scheduled for 2021. Learn more

Small Town Success Fuels Strategy for National Expansion

 Casey’s General Stores, a $4.6B public company, combines convenience and food in 2,100 locations across 16 states. Selling gas, convenience items found in small town general stores and freshly made food, Casey’s is the 4th largest convenience store chain and the 5th largest pizza chain in the U.S. Nearly 60% of its stores operate in towns with populations of 5,000 or less and its business model focuses on familiarity with its customers. Recognizing the need for an integrated omni-channel presence, Casey’s has created a virtual platform to support its stores and is continuing to expand with 80 stores in the pipeline, half of which are under construction. Learn more

Drafting the Pre-Nup: Use Clauses and Exit Strategies in Retail Leases

 Please join Ellen Sinreich and the International Council of Shopping Centers at the 2019 Law Conference in San Diego on October 25, 2019 for this workshop that will explore the undeniable marriage between use restrictions for retail tenants and the exit strategies they rely on for under-performing stores. Learn more

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