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PracticesReal estate

A landlord whose tenant’s lease is being rejected.

Two days into the Garnet Grill case, the lease at Halverson Plaza was listed for rejection. A week later a contractor recorded a lien on the property. Monition reads both, and finds that a real estate partner already knows the owner’s asset manager.

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On recordIllustrative

Halverson Plaza LLC

Rent claim, lien dispute and re-letting

Strong· 4 records1–3 mo1stCleared

Why: Lease listed for rejection · contractor’s lien recorded · 12 sites up for sale

The story in the public record

  1. 8 SepDay 0Bankruptcy docketGarnet Grill Holdings files for bankruptcy protection.8 SepBK-26-04417
  2. 10 SepDay 2Same docketMotion to reject the lease at Halverson Plaza, a strip center.10 SepBK-26-04417-12
  3. 17 SepDay 9Property registerArvel Industrial LLC records a contractor's lien on Halverson Plaza.17 SepPR-26-88310
  4. 8 OctDay 30Same docketSale motion: Pruett Franchise Partners bids for 12 sites.8 OctBK-26-04417-58

Signals Monition reads for real estate

  • Motions to reject or assign leases
  • Liens and charges recorded against a property
  • Sale motions that name sites
  • Tenants’ defaults in accounts and filings
  • Landlords’ lenders and their security
  • Lease terms that change when a tenant fails

Typical timing2

Who the record reaches

Real estate matterAnother practiceExisting client
Same docketMotion to reject the lease at Halverson Plaza.10 SepBK-26-04417-12
The landlord 1Halverson Plaza LLCOn record
On the property 2Arvel Industrial LLCOn recordHalverson Plaza's lender
Other landlords in the case 6Kestrel Row Retail ParkForecastMillbrook CommonsForecastArdent Square PartnersForecastFerris Lane PropertiesForecastQuayside Market HallForecastSorrel Gate RetailForecast
Buyers of sites 1Pruett Franchise PartnersOn record

Companies are grouped by how the record reaches them. An existing client gets an alert to its relationship partner, never an approach.3

The same board, filtered to real estate: every forecast and record in the practice, from first signal to partner-approved draft.1

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The next matter in your practice may already be on the record.

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