Greenberg Glusker partner Steven Lurie is one of the nation’s preeminent real estate attorneys. He advises and represents primarily developers, investors, borrowers, landlords and tenants in a variety of transactions. Over the past two years, he was the lead lawyer on over $5.5B in transactions involving real estate in 25 states and the District of Columbia.
He maintains a diverse practice that includes development projects, acquisitions and sales, financing transactions, leasing and joint venture transactions. Read more about Steve’s real estate experience >>
Steve is also a nationally renowned golf course attorney, having created a niche market in the golf industry for his firm. He has handled sale, purchase, lease, finance, management agreement and other transactions for golf industry clients involving 274 golf courses in 31 states. Read more about Steve’s golf course experience >>
Clients engage Steve for counsel on structuring complex transactions and developing creative strategies to get deals done, believing he will find a way to help them achieve their objectives in virtually any situation. Clients turn to him to provide not just legal advice, but also business advice and judgment, especially during economic downturns. One client noted Steve’s “phenomenal business sense,” while another recognized Steve’s “extensive knowledge of the commercial real estate industry.”
In addition to working diligently to ensure the success of his clients, Steve is equally dedicated to helping members of his community through a variety of endeavors, including his pro bono work for The Maple Counseling Center, as a member of the Advisory Board for the Los Angeles Sports & Entertainment Commission, and a member of the Board of Directors for the City of Hope Los Angeles Real Estate Council.
Highly respected by those in the real estate industry, Steve has received many accolades, including from Chambers, Daily Journal, Connect CRE, Los Angeles Business Journal, Best Lawyers and Super Lawyers.
Steve’s career is a homegrown success story, having started at Greenberg Glusker as a summer clerk and through perseverance and dedication becoming a mainstay of the firm’s success. He has also served on the firm’s management committee for ten years.
Events
Real Estate Issues in the Time of COVID-19
July 14, 202010:00 AM – 11:00 AM PT
Virtual Event
Brian H. Kang, Warren J. "Skip" Kessler, Steven J. Lurie, Craig S. Coan, and Michael Wiener
Real Estate Strategies for Tomorrow’s Workspace [Webinar Replay Available]
June 10, 20202:00 PM – 3:00 PM PT
Webinar
Steven J. Lurie
Publications
Article
What Do Lenders’ Decisions Tell Us About the Future of Various CRE Sectors?
November 9, 2020
Greenberg Glusker Real Estate Partner, Steven J. Lurie, discusses the financing climate in commercial real estate in the article he penned titled, "What Do Lenders’ Decisions Tell Us About the Future of Various CRE Sectors?," published by National Real Estate Investor on November 9, 2020. Excerpt: Amongst a global pandemic, social and political unrest and wide-scale economic disruption, 2020 has been a roller coaster of a year that many real estate investors would like to forget. It may be difficult to recall, but it didn’t start out this way. The beginning of 2020 was a favorable environment for borrowers. Lenders had lofty production goals and were actively competing for deals, leading to compressed spreads. At one point—in February until the beginning of March—borrowers could secure loans with interest rates in the mid-2 percent range given the sizable dip in the 10-year Treasury. Of course, the lending and borrowing landscape changed radically after the pandemic took hold in the U.S., leading to the shutdown of huge swathes of the economy in late March. Most lenders pulled back significantly. While select commercial real estate loans were still available for top sponsors, valuations became much more conservative. Lenders began imposing interest rate floors in the high 3 percent to low 4 percent range. Many developers put projects on hold due to the uncertainty in the economy and conservative underwriting criteria of lenders. Read the full article >>
Article
Five Loan Document Tips For Borrowers During The Pandemic
August 4, 2020
Greenberg Glusker real estate partner, Steve Lurie, provides tips for borrowers in the article, "Five Loan Document Tips For Borrowers During The Pandemic," published by the Commercial Observer on August 4, 2020. Excerpt: Underwriting is more conservative now than it was at the beginning of 2020. While lenders are being cautious due to the economic impact of the COVID-19 pandemic and associated government-mandated shut-downs, a liquidity crisis does not exist now like during the 2007 global financial crisis. As a result, loans are still being made, particularly in the industrial and residential sectors. With this in mind, here are five tips for borrowers to consider when negotiating or administering their loan documents during these uncertain times. Read the full article >> (see page 19)
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