FacultyFaculty/Author Profile
John Busey Wood

John Busey Wood

Akerman LLP

New York, NY, USA


John Busey Wood is a member of the commercial real estate group at the New York City office of the law firm Akerman LLP, and advises public and private companies on real estate acquisitions, facilities management, construction and development of mixed use and retail projects, brokerage law, commercial leasing, retail and office property management and litigation. For over 40 years Mr. Wood has represented owners in the design and negotiation of commercial leases covering in excess of 100 million square feet of retail, industrial, office and mixed use space projects.  He has assisted large volume space commercial and retail tenants and owners in the effective management of their facilities portfolios and in reducing costs and risk. These experiences, coupled with a unique blend of professional disciplines and his design and deployment of sophisticated new-generation commercial lease forms during the late 1970’s and the 1980’s resulted in his being featured in articles on the impact of commercial leases on companies and being referred to by The Wall Street Journal and The New York Times as “the father of the modern killer lease.” His extensive national experience in developable land, improved property acquisitions, large scale retail and office developments, and leasing and management programs have made him an ideal corporate facilities support resource for companies.  He is a noted authority on ground leases as well as rental escalations, expenses, allocations, auditing and litigation/dispute resolution. Among noteworthy projects, Mr. Wood directed the legal team in a national portfolio acquisition with a value in excess of $2 billion and he participated in the development, leasing and financing of over 4 million square feet of regional shopping malls and retail centers nationwide. In 1998 he negotiated the largest ground/space lease transaction in the history of New York City, containing more than 1.6 million square feet and including “fast-track” rehabilitation, construction lending, permanent financing and options for fee acquisition. In addition, Mr. Wood has advised, directed teams and designed correlated construction contracts for “fast-track” design-build projects, conversions and renovations in New York City, exceeding 8 million square feet, with values greater than $4 billion.  Mr. Wood has also directed large-scale leasing programs for major New York City office towers and national mixed use properties and retail centers.  He regularly presides over arbitrations and directs litigation teams in landlord-tenant disputes, construction disputes and retail lease controversies.  His financing, auditing and computer expertise contributed to his uncovering the largest computer-leasing fraud in the United States, the O.P.M. Leasing Financing fraud. Mr. Wood is a licensed Class “A” commercial real estate broker, a Certified Public Accountant and holds B.B.A. (Accounting and Economics), M.B.A. (Accounting and Finance) and J.D. degrees.

Mr. Wood is a member of the American Bar Association (“ABA”), (Former Vice-Chair of the Commercial Leasing Committee and former Chair of the Office Leasing Subcommittee), and Board of Legal Advisors to the Practicing Law Institute (“PLI”). He has been a member of the Board of Directors of the International Association of Corporate Real Estate Executives (NY Chapter), American Institute of Certified Public Accountants (“AICPA”), and American Association of Attorney-CPAs. Mr. Wood served, from 1982 through 1991, as a member of the Associated Builders and Owners of New York, the New York Building Congress and its Board of Legal Advisors, and the Real Estate Board of the City of New York (“REBNY”).  Mr. Wood frequently lectures on property acquisition and management, commercial leasing and construction contract techniques, transaction structuring and brokerage law at major real estate brokerage firms in New York City, REBNY, Columbia University-ISDE Graduate Law and Economics Program and at the New York University Graduate School and Real Estate Institute. He also lectures at PLI, where he is the New York and national Chairman of the National Commercial Leasing Seminars, and at the executive and annual meetings of the ABA and AICPA.  Mr. Wood has frequently served as a “party selected” and Federal arbitrator and with the A.A.A. in fair market rent valuation and rental/expense/adjustment disputes and audits and he is an American Arbitration Association - National Neutral - Commercial Panelist.  He has also served as Assistant Attorney General (Kansas), and as special counsel to Bronxville Board of Zoning Appeals, Planning Board and Board of Trustees and is a member of the Westchester-Putnam Boy Scouts of America Council and the National Eagle Scout Association.

Mr. Wood has presented papers on "Equity Leases" and “Work Letters” to the ABA and on “Accounting and Tax Issues for Work Letters and Allowances” to the AICPA.  His article "Trump [Tower] Tenant Finds Turnkey [Construction Agreement] Saves the Day" appeared in the Legal Times of Washington and New York, October 21, 1985. Mr. Wood co-authored, with Alan M. DiSciullo, Esq., the treatise Negotiating and Drafting Office Leases, published by Law Journal Seminars-Press (Library of Congress ISBN 1-58852-061-7, 1995-2017, supplemented 2 times per year); co-authored "Section V.A, Fire and Casualty Insurance" in the Real Estate Law and Practice Course Handbook , Published by PLI, 1994-2009; co-authored "Building Owner's Assumptions Spark Zoning War", Legal Times of New York, August/September, 1985 and co-authored "Financing Real Estate Development through Participation Leases", Real Estate Review, Volume 20, No. 4, Winter, 1991. He is the author of the book, Navigating The Dangerous Shoals of a Commercial Lease, published by New York University Graduate School, 1992-2017 and the ABA. Mr. Wood is listed in Who's Who in Real Estate, Who's Who in American Law, 2nd and 4th Editions, Who's Who Registry of Global Business Leaders, 1993-4 Edition and NY Super Lawyers 204-2017.  Mr. Wood is AV Preeminent® peer rated by Martindale-Hubbell and was peer-nominated and elected an American Bar Foundation Fellow.  Mr. Wood has been Senior Editor of "Real Estate Corner", a monthly article on commercial real estate for corporate professionals published by The Metropolitan Corporate Counsel, Inc. and has appeared on The Wall Street Report speaking on current trends in national real estate.

John Busey Wood is associated with the following items:
Web Segment  Web Segment Building Today’s Tenant Improvements – Interrelationship of Commencement Date and Work Letter - Negotiating Commercial Leases 2017, Monday, March 06, 2017
Complex Real Estate Issues: Arbitration vs. Litigation - Negotiating Commercial Leases 2017, Monday, March 06, 2017
Dealing with Large Hidden “Big Ticket” Items - Negotiating Commercial Leases 2017, Monday, March 06, 2017
Changing Lease Forms and Negotiating Tactics in the New Improving Economy - Negotiating Commercial Leases 2017, Monday, March 06, 2017
Unanticipated Limitations in Long-Term Planning and Lease Restructuring - Negotiating Commercial Leases 2017, Monday, March 06, 2017
Hot Topics for Dealing with Long Term Lease Structures, Audits and Credit Support - Negotiating Commercial Leases 2017, Monday, March 06, 2017
Fundamentals of Structuring for Buildability and Financing - Negotiating Commercial Leases 2017, Monday, March 06, 2017
Course Handbooks  Course Handbooks Negotiating Commercial Leases 2017
CHB Chapters  CHB Chapters Hidden Operating Costs from Rentable Re-Measurements - Negotiating Commercial Leases 2017, Monday, March 06, 2017
Substandard Service Specifications/Costs - Negotiating Commercial Leases 2017, Monday, March 06, 2017
Hidden Commencement Date Costs - Negotiating Commercial Leases 2017, Monday, March 06, 2017
Additional Financial Terms for Mixed Use Building or Retail Properties - Negotiating Commercial Leases 2017, Monday, March 06, 2017
Scope of Services in Engagement Process - Negotiating Commercial Leases 2017, Monday, March 06, 2017
Must a Commercial Landlord Act Reasonably When Responding to a Request by a Tenant under a Lease to Assign or Sublet? - Negotiating Commercial Leases 2017, Monday, March 06, 2017
The Association of the Bar of the City of New York Committee on Professional and Judicial Ethics — Formal Opinion 2008-1: A Lawyer’s Ethical Obligations to Retain and to Provide a Client with Electronic Documents Relating to a Representation - Negotiating Commercial Leases 2017, Monday, March 06, 2017
Casualty and Insurance, Chapter 25, Negotiating and Drafting Office Leases - Negotiating Commercial Leases 2017, Monday, March 06, 2017
Proforma Offer Letter - Negotiating Commercial Leases 2017, Monday, March 06, 2017
Anatomy of a Good Guy Guaranty - Negotiating Commercial Leases 2017, Monday, March 06, 2017
Hot Topics for Dealing with Long Term Lease Structures, Audits and Audit Rights and Credit Support - Negotiating Commercial Leases 2017, Monday, March 06, 2017
New York State Bar Association, Committee on Professional Ethics: Opinion 621–4/18/91 - Negotiating Commercial Leases 2017, Monday, March 06, 2017
Supplement to: Must a Commercial Landlord Act Reasonably When Responding to a Request by a Tenant under a Lease to Assign or Sublet? - Negotiating Commercial Leases 2017, Monday, March 06, 2017
Excerpts from Navigating the Dangerous Shoals of a Commercial Lease - Negotiating Commercial Leases 2017, Monday, March 06, 2017
Agreement of Sublease - Negotiating Commercial Leases 2017, Monday, March 06, 2017
Standard Term Letter Concepts - Negotiating Commercial Leases 2017, Monday, March 06, 2017
PLI Ethics Engagement Hot Topics Issues - Negotiating Commercial Leases 2017, Monday, March 06, 2017
New York State Bar Association, Committee on Professional Ethics: Opinion 738 –4/16/01 - Negotiating Commercial Leases 2017, Monday, March 06, 2017
Form of Improvable, Buildable and Financeable Ground Lease with Imbedded Base Building Core and Shell Rehab Loan from Lessee to Lessor with Amortization against Rentals—Case Study - Negotiating Commercial Leases 2017, Monday, March 06, 2017
Stanley E. Ginsberg and John Busey Wood, Presentation on Cash Flow and Tax Structuring of Leases - Negotiating Commercial Leases 2017, Monday, March 06, 2017
Basic Leasing Fundamentals: Theft by Lease Provisions - Negotiating Commercial Leases 2017, Monday, March 06, 2017
Saga of Superior Interests: Article 27—Subordination - Negotiating Commercial Leases 2017, Monday, March 06, 2017
Lease Exit, Strategy and Marketability - Negotiating Commercial Leases 2017, Monday, March 06, 2017
Mixed Use Property: Retail / Office / Residential (Chart) - Negotiating Commercial Leases 2017, Monday, March 06, 2017
MP3 Audio  MP3 Audio Changing Lease Forms and Negotiating Tactics in the New Improving Economy - Changing Lease Forms and Negotiating Tactics in the New Improving Economy , Monday, March 06, 2017
Unanticipated Limitations in Long-Term Planning and Lease Restructuring - Unanticipated Limitations in Long-Term Planning and Lease Restructuring, Monday, March 06, 2017
Fundamentals of Structuring for Buildability and Financing - Fundamentals of Structuring for Buildability and Financing, Monday, March 06, 2017
Building Today’s Tenant Improvements – Interrelationship of Commencement Date and Work Letter - Building Today’s Tenant Improvements – Interrelationship of Commencement Date and Work Letter, Monday, March 06, 2017
Dealing with Large Hidden “Big Ticket” Items - Dealing with Large Hidden “Big Ticket” Items, Monday, March 06, 2017
Hot Topics for Dealing with Long Term Lease Structures, Audits and Credit Support - Hot Topics for Dealing with Long Term Lease Structures, Audits and Credit Support, Monday, March 06, 2017
Complex Real Estate Issues: Arbitration vs. Litigation - Complex Real Estate Issues: Arbitration vs. Litigation , Monday, March 06, 2017
Transcripts  Transcripts Hot Topics for Dealing with Long Term Lease Structures, Audits and Credit Support - Hot Topics for Dealing with Long Term Lease Structures, Audits and Credit Support, Monday, March 06, 2017
Complex Real Estate Issues: Arbitration vs. Litigation - Complex Real Estate Issues: Arbitration vs. Litigation , Monday, March 06, 2017
Unanticipated Limitations in Long-Term Planning and Lease Restructuring - Unanticipated Limitations in Long-Term Planning and Lease Restructuring, Monday, March 06, 2017
Building Today’s Tenant Improvements – Interrelationship of Commencement Date and Work Letter - Building Today’s Tenant Improvements – Interrelationship of Commencement Date and Work Letter, Monday, March 06, 2017
Dealing with Large Hidden “Big Ticket” Items - Dealing with Large Hidden “Big Ticket” Items, Monday, March 06, 2017
Changing Lease Forms and Negotiating Tactics in the New Improving Economy - Changing Lease Forms and Negotiating Tactics in the New Improving Economy , Monday, March 06, 2017
Fundamentals of Structuring for Buildability and Financing - Fundamentals of Structuring for Buildability and Financing, Monday, March 06, 2017
MP4 - Mobile Video Seg  MP4 - Mobile Video Seg Building Today’s Tenant Improvements – Interrelationship of Commencement Date and Work Letter - Building Today’s Tenant Improvements – Interrelationship of Commencement Date and Work Letter, Monday, March 06, 2017
Complex Real Estate Issues: Arbitration vs. Litigation - Complex Real Estate Issues: Arbitration vs. Litigation , Monday, March 06, 2017
Dealing with Large Hidden “Big Ticket” Items - Dealing with Large Hidden “Big Ticket” Items, Monday, March 06, 2017
Unanticipated Limitations in Long-Term Planning and Lease Restructuring - Unanticipated Limitations in Long-Term Planning and Lease Restructuring, Monday, March 06, 2017
Hot Topics for Dealing with Long Term Lease Structures, Audits and Credit Support - Hot Topics for Dealing with Long Term Lease Structures, Audits and Credit Support, Monday, March 06, 2017
Changing Lease Forms and Negotiating Tactics in the New Improving Economy - Changing Lease Forms and Negotiating Tactics in the New Improving Economy , Monday, March 06, 2017
Fundamentals of Structuring for Buildability and Financing - Fundamentals of Structuring for Buildability and Financing, Monday, March 06, 2017
On-Demand Web Programs  On-Demand Web Programs Negotiating Commercial Leases 2017, Thursday, March 09, 2017, New York, NY
Live Seminar  Live Seminar Negotiating Commercial Leases 2018, Thursday, March 01, 2018, New York, NY
Live Webcast  Live Webcast Negotiating Commercial Leases 2018, Thursday, March 01, 2018, New York, NY
PLI Grpcast-Live Web  PLI Grpcast-Live Web Negotiating Commercial Leases 2018, Thursday, March 01, 2018, Cleveland, OH
Negotiating Commercial Leases 2018, Thursday, March 01, 2018, Atlanta, GA
Negotiating Commercial Leases 2018, Thursday, March 01, 2018, Indianapolis, IN
Negotiating Commercial Leases 2018, Thursday, March 01, 2018, New Brunswick , NJ
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