After the Gold Rush: Rethinking Leasing Issues
Probate and Property, January/February 2003, Volume 17, Number 1
By Dennis L. Greenwald
Dennis L. Greenwald is a member of the Santa Monica, California, law firm of Greenwald Pauly Foster & Miller.
The consequences of the dot-com crash and the general economic recession during the past few years have caused what can best be described as a “paradigm shift.” This shift has resulted in dramatic ramifications to the real estate industry that, although not equal in magnitude to the real estate recession of the early 1990s, have nevertheless been enormous. The first of these events was the spectacular—and spectacularly sudden—burst of the technology bubble.