Arthur Yermash is a partner at Campolo, Middleton & McCormick, LLP (CMM), where he leads the firm’s commercial leasing practice. Arthur was selected as one of thirteen attorneys to be featured in LIBN’s Who’s Who Commercial & Real Estate Law special edition publication.
Yermash developed the strategy for the renegotiation of nearly 1,000 commercial leases nationwide for a major retailer in the early days of the pandemic, a critical hands-on role that ultimately saved the client significant money and gave them the ability to adapt their business plan for unprecedented circumstances. This tenant-side work, coupled with his experience negotiating a wide range of commercial leasing transactions on behalf of landlords, enables Yermash to negotiate creative and effective solutions to lease disputes.
Yermash’s leasing work spans office leases, ground leases, master leases, sub-leases, triple-net leases, and sale-lease-back throughout Long Island, New York City, and throughout the country. He also helps clients navigate the purchase and sale of commercial real estate throughout the region.
“One of the biggest concerns about commercial real estate for 2023 is the expected continued growth of interest rates,” Yermash said.
“Many buyers, sellers and developers rely on financing for acquisition and development projects,” he said. “As interest rates increase, so do the costs of property and construction. While this may result in lower prices on commercial real estate, the great cost of financing is likely to have a cooling effect on property changing hands, as well as the number of development projects that take place.”
“While some indicators suggest that the speed at which interest rate increase could slow in 2023, it is critical to keep a close eye on how this develops,” Yermash said.
For over a decade, Yermash has also worked with CMM’s corporate department directly supporting the general counsel and full legal and business teams for a national retailer, serving as their go-to resource and primary outside counsel on an extraordinarily wide range of business and employment matters. He has also represented Long Island and NYC companies in countless business-related matters and transactions from the routine to the complex. These roles have enabled Yermash to develop deep experience advising corporate clients on all aspects of their businesses.