Case Conclusion Date: 04.20.2000
Practice Area: Real Estate
Outcome: Ground Lease was Modified
Description: MacDonald's executed ground lease for 20 years, after which it sought to purchase property under terms of lease. It submitted an appraisal nearly $200,000 less than the Plaintiff's appraisal. Litigation ensued. Matter was settled by extending the lease for another 10 years at a rent much higher then the previously agreed rent.