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Benjamin F. Kursman: news
Profile Matters News Events Publications
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Empty Desks May Slow Upturn in Real Estate
May 25, 2010 -- The New York Times
Ben Kursman says that so-called shadow space -- commercial space that is underutilized but not easily rented -- might stunt the rebound in the commercial leasing market because that space must be absorbed before companies take on new space.
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Industry Welcomes Unemployment Drop with Open Arms
February 5, 2010 -- GlobeSt.com
A drop in unemployment rates augers well for the commercial real estate market in New York and other office-heavy primary markets around the country, Benjamin Kursman says. Continued improvement in the employment outlook, coupled with absorption of sublease space and fewer corporate tenants looking to sublease their space, should stablize rent prices, which, in turn, makes commercial properties more valuable, he says.
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Tenants say 'see you later'; Situation for office landlords grim as lease-breaking on the rise
December 2008 -- The Real Deal
Benjamin Kursman says that corporate office tenants who saw their businesses shrink shortly after signing a new lease are more prone to leave the space if they paid a security deposit but have few assets. Companies that provided full guarantees are likelier to stay, he says.
Press Release

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Herrick advises Quiet Flight in Sale of Retail Operations to Billabong International
June 12, 2008 -- Herrick, Feinstein LLP
Herrick, Feinstein LLP advised renowned surf shop chain Quiet Flight in the sale of its retail operations to Australia-based Billabong International Limited. Quiet Flight is a leading U.S. east coast retailer and the operator of 13 stores, including the flagship Billabong and Element retail stores in New York, and has been one of Billabong Group’s key retail partners in the U.S.
Media Mention

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Industry Watchers: Concessions Go Only So Far
April 15, 2008 -- GlobeSt.com
Ben Kursman is quoted on leasing issues and how prevailing markets shape them.
Media Mention

Realty Law Digest
January 9, 2008 -- New York Law Journal
Ben Kursman is quoted on the perils of using email exchanges to form a contract to purchase real estate.