Areas of Practice
- BANKING & FINANCE
- Real Estate Finance
- Real Estate Workouts
- FINANCIAL RECOVERY-WORKOUTS
- LAND USE & ZONING
- REAL ESTATE
- Commercial Real Estate Transactions
- Real Estate Finance
- Real Estate Workouts
Industries
Education
- J.D., cum laude, University of Miami School of Law, 1976
- B.A., Tulane University, 1975
Bar Admissions
- Florida
Memberships
- American Bar Association
- Broward County Bar Association
Suite 1500
Ft. Lauderdale, FL 33301
TEL: 954-527-2405
FAX: 954-333-4005
Mr. Somerstein concentrates his practice in the area of real estate transactional law, finance, leasing, general corporate sports law and land use.
Mr. Somerstein has represented many clients in the negotiation, structuring and documenting of real estate asset transactions, primarily, in connection with shopping centers, hotels and office buildings. Additionally, he works with developer clients in connection with the acquisition, permitting, land use planning, finance and development of large tracts of real estate. His extensive background has enabled him to assist numerous clients in taking a raw piece of real estate and developing it into a finished product.
A substantial part of Mr. Somerstein's practice involves all aspects of leasing and leasehold financing. Mr. Somerstein represents numerous landlords in connection with the leasing of office buildings, shopping centers and warehouses. He also represents numerous clients in negotiating leases on behalf of tenants. Mr. Somerstein has structured long-term ground leases to enable clients to develop on real estate based on the use of long-term ground leases on both a subordinated and unsubordinated basis.
Mr. Somerstein has spent a considerable period of time representing both lenders and borrowers in connection with real estate and asset-based financing. He has had extensive experience in loan workout and reorganizations. Mr. Somerstein is involved in structuring corporations, general partnerships, limited partnerships and joint ventures.
Mr. Somerstein has spoken at various seminars on office and industrial leasing and growth management.
Mr. Somerstein has been recognized in Best Lawyers in America for the last 10 years, Florida Super Lawyers, 2006-2009, as a "Top Lawyer in South Florida" by the South Florida Legal Guide, 2002-2010, and has been named Florida Trend's Legal Elite 2009. He is AV rated by Martindale-Hubbell.
Mr. Somerstein has been recommended by The Legal 500 US 2009 for Florida Real Estate and Construction related work in the areas of development, leasing and finance, and named as a "Leader in their Field - Real Estate", by Chambers USA 2009 and 2010.
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News
- Twenty-Three Ruden McClosky Attorneys Named In Best Lawyers In America 2010
- Five Ruden McClosky Partners Named Among Florida Trend’s Legal Elite 2009
- Thirty-one Ruden MClosky Attorneys named in Florida Super Lawyers and Rising Stars 2009
- Ruden McClosky Partners Recognized in The Legal 500
- Six Ruden McClosky recognized as “Leaders in their Field” in Chambers USA 2009.
- Thirteen Ruden McClosky Partners selected as Top Lawyers and Top Up & Comer in the South Florida Legal Guide 2009
- 24 Ruden McClosky Attorneys Included in The Best Lawyers In America 2009
- FIVE RUDEN McCLOSKY PARTNERS NAMED AMONG FLORIDA TREND’S LEGAL ELITE 2008
- TWENTY-NINE RUDEN McCLOSKY ATTORNEYS NAMED IN FLORIDA SUPER LAWYERS 2008