About

Robert A. Marsico is a real estate and commercial transactions lawyer with more than 30 years of legal experience. He represents a wide variety of financial institutions, corporate and entrepreneurial clients in the areas of mortgage financing, commercial project acquisitions and sales, commercial leasing and other business transactions.

Mr. Marsico has extensive experience representing clients in the negotiation, drafting and closing of commercial mortgage financing transactions, term loans, construction financing, loan participations, loan workouts and financial restructuring. In addition his expertise includes the representation of buyers and sellers of commercial, industrial, retail and residential real property throughout the state.

Mr. Marsico has negotiated and drafted a wide variety of real property leases and subleases, including long and short term industrial, office, retail and residential. He represents clients in commercial and institutional ground leasing transactions, warehousing agreements, and farmland leasing arrangements. He also counsels and assists clients in connection with the extension, modification and renegotiation of existing leases and subleases, as well as with questions arising from the interpretation of leasing documents and disputes arising therefrom.

He has represented a large number of entities and individuals before municipal bodies in connection with zoning and land use applications. Mr. Marsico has also advised real estate developers and commercial end users in connection with the construction and renovation of office buildings, industrial facilities, apartment buildings and warehouse properties, from required permitting, to land acquisition, to construction contracts through project completion. He has represented property managers of commercial, industrial and multifamily resident facilities in addressing the myriad of issues which are part of the management function. Furthermore, he has provided general corporate and real estate related counseling to numerous individuals, limited liability companies, partnerships and corporations on a great number of diverse matters, including business contract negotiations, leasing strategies, easement negotiation and drafting, landlord-tenant disputes, farmland assessment qualification and renewal, private loan transactions, intra-familial property transfers, business acquisitions and sales, co-operative and condominium (both residential and commercial) acquisitions and sales, representation of institutional lenders in the drafting of forms of commercial loan documentation, and real property tax appeals.

Mr. Marsico is a member of the American Bar Association and the New Jersey State Bar Association. He has lectured and written on numerous real estate topics for the Graduate Realtors Institute, the National Business Institute and the New Jersey Mortgage Bankers Association. Mr. Marsico has served as a member of both the Zoning Board of Adjustment and the Planning Board for the Borough of Wood-Ridge, Bergen County, New Jersey, with a term as chairman of each entity.

Education

Columbia University School of Law (J.D., 1979)

Saint Peter’s College (B.A., summa cum laude, 1976)

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Publications

Title Publisher Date
Advanced Real Estate Law in New Jersey National Business Institute, Inc. 1991
Mastering Real Estate Titles and Title Insurance in New Jersey National Business Institute, Inc. 1995, 1996

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Blog

NY Businesses Must Comply With New Debt Collection Regulations in 2015
Posted on Monday December 15, 2014

Earlier this month, the New York Department of Financial Services issued rules regarding new debt collection regulations. The regulations represent the first use of “gap authority” under the New York Financial Services Law, enacted in 2011. That statute allows the state to regulate and enforce rules against previously unregulated providers of financial products and services. “Here in New York we will not tolerate debt collectors who wrongfully take advantage of consumers,” Governor Andrew Cuomo said in a press statement. “That’s why we’re rolling out tough new regulations that protect borrowers and help crack down on illegitimate debt collection practices. These […]

The post NY Businesses Must Comply With New Debt Collection Regulations in 2015 appeared first on businesslawnews.com.

Too Close for Comfort? Federal Reserve Oversight of Big Banks Under Fire
Posted on Tuesday December 02, 2014

The Federal Reserve Bank of New York is facing growing criticism over its Wall Street oversight. Critics, including several high-ranking members of Congress, contend that it is too cozy with the entities it is charged with regulating. One of the top concerns is the so-called revolving door through which employees move to and from the big banks and its chief regulator. The New York Fed’s president, William C. Dudley, formerly worked as Goldman Sach’s chief economist. While Dudley has taken a tougher approach to Wall Street supervision during his tenure, critics of the New York Fed question whether he is […]

The post Too Close for Comfort? Federal Reserve Oversight of Big Banks Under Fire appeared first on businesslawnews.com.

New Law Protects New Jersey Businesses From Bad Electronic Transfers
Posted on Friday September 26, 2014

While paper checks have been replaced by electronic funds transfers for many commercial transactions, New Jersey businesses still have to contend with rejected payments. Earlier this month, Gov. Chris Christie signed two measures into law that will help New Jersey businesses address bad electronic funds transfers. The first new law, Assembly Bill 1162, amends New Jersey’s existing law concerning the issuing or passing of bad checks. The new law makes it clear that electronic funds transfers are included within the scope of the statute. The existing New Jersey law applies to checks, drafts, and orders of withdrawals that are dishonored […]

The post New Law Protects New Jersey Businesses From Bad Electronic Transfers appeared first on businesslawnews.com.

New Jersey Becomes Latest State to “Ban the Box”
Posted on Wednesday September 10, 2014

Gov. Chris Christie recently signed legislation that limits the ability of New Jersey employers to rely on criminal records when making employment decisions. The Opportunity to Compete Act will take effect on March 1, 2015. When the legislation takes effect, New Jersey will join a small group of states to “ban the box”, the portion of a job application form requiring disclosure of past criminal record of an applicant. The legislation has been under consideration in this state for more than two years. Applications The Opportunity to Compete Act prohibits employers with 15 or more employees from requiring an "applicant […]

The post New Jersey Becomes Latest State to “Ban the Box” appeared first on businesslawnews.com.

Finders Keepers: Could Your Financial Account Escheat to the State?
Posted on Monday August 11, 2014

If you don’t regularly monitor your finances, you could lose out. Allowing accounts to lay fallow for too long may result in your assets escheating to the state. The term “escheat” refers to the title transfer of financial assets (such as savings account deposits, uncashed checks, and securities in retirement accounts) to a state authority because the rightful owner failed to make claim, engage in a transaction or provide instruction for a specific time period. In New Jersey, the escheatment period is generally three years. Many types of inaction can result in funds being considered “abandoned,” such as failing to […]

The post Finders Keepers: Could Your Financial Account Escheat to the State? appeared first on businesslawnews.com.

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Videos

Commercial Mortgage Lending Transactions in New York and New Jersey

HI, I'm Robert Marsico and I'm a commercial real estate attorney with Scarinci Hollenbeck. I specialize in assisting lenders and borrowers with Commercial Mo...

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Representative Matters

Representation of a national commercial institution as lead lender and administrative agent in making of a mullt-iparty ground lease based construction/permanent mortgage loan on a multi-use residential/commercial facility in northern New Jersey.

Representation of a family LLC in the acquisition of a large warehouse property in Hudson County, NJ.

Representation of private trust in the acquisition of an extensive real property tract in Monmouth County.

Representation of a property holder in central New Jersey in connection with various farmland assessment issues and leasing agreements.

Representation of a commercial lender in making a series of commercial mortgage loans on industrial/commercial properties to several related entities in central New Jersey, which included various easement, access and environmental issues.

Representation of a professional group in negotiation of commercial office leases in Essex County.

Representation of a commercial property manager in numerous issues raised by the acquisition, leasing and operation of a 500,000 square foot warehouse and trucking facility in Northern New Jersey.

Representation of private entrepreneurs in the acquisition of numerous commercial investment properties in New Jersey and New York City.

Representation of a limited partnership in acquisition of garden apartment complex in Essex County, New Jersey.

Representation of a developer in redevelopment of a multi-family apartment property in Hudson County, New Jersey including municipal approvals, construction contracts and leasing issues.

Representation of a property developer in drafting and negotiation of complex easements required in connection with the sales of numerous tax parcels.

Representation of a hotel developer in obtaining of required governmental approvals for the construction of a hotel facility in northern New Jersey.

Representation of a governmental entity in the drafting and negotiation of numerous complex access easements in connection with a large major subdivision in central New Jersey.

Representation of a national consumer company in the development of its new corporate headquarters in Middlesex County, New Jersey, including land acquisition, obtaining of land use approvals, drafting and negotiation of construction contracts and resolution of environmental issues.

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