Represents a premier national real estate private equity fund in its acquisition of operating multifamily apartment properties and development sites, as well as performing and nonperforming real estate-secured loans throughout California and other Western states.
Represents a $5 billion private equity fund in its investments in large master-planned communities in the Western United States. Work for this client spans many activities, including property acquisition and development, joint venture arrangements with developer partners, securing land use entitlements, financing, environmental compliance, mitigating impact fees and dispositions. In a typical year the fund will invest several hundred million dollars in the acquisition of land and the development of properties in its portfolio.
Represented a leading real estate finance company in the workout of troubled assets in its loan and REO portfolios, including the disposition of numerous properties and the sale of loans secured by real estate assets in the Western United States. This work required a multidisciplinary approach, involving real estate, land use, bankruptcy and workout experience.
On behalf of a major developer, closed on a long-term escrow for the acquisition of a large residential development site in Northern California, the first in a planned portfolio of apartment assets for this East Coast-based client. The site involved a number of difficult issues, including the resolution of proposed school fees and other project impositions, the relocation of cell towers under long-term leases on-site, modification of existing reciprocal easement arrangements and investigation of an environmental event occurring on the eve of closing.
Represents one of the largest investors, developers and operators of apartment communities in the United States in the acquisition of sites for multifamily developments throughout California. Each deal has required the resolution of significant issues—CC&R’s prohibiting the proposed redevelopment, assemblage of parcels from multiple owners, long-term tenancies of current occupants, and averting proposed development fee increases.
Represents a private shopping center developer and investor on special issues confronting centers it owns in California, including navigating the resolution of disputes concerning the ground lease of a portion of the land used for one of its centers, and on the financing and disposition of its centers.
Represents a university in complex arrangements involved with the sale of several hundred acres of excess land owned by the educational institution. The development of the land slated for sale had been challenged by a ballot initiative that was successfully defeated. The successful closing on a sale requires the resolution of key issues involving land use matters, upgrading the college’s private water treatment plant and creating trail and open space easements, reciprocal access easements and restrictive covenants.