Cases
Experience: Airport Matters: Represented client in a $100M acquisition of ground lease interests for on-tarmac cargo facilities at 7 international airports in exchange for OP units. Transaction involved the transfer
assumption of debt
bond financing, condemnation rights,
the assumption
modification of existing airport ground leases agreements with local airport
governmental authorities.
Represented client in the $118M purchase of ground lease interests in 25 airfreight buildings, totaling 2.1 million square feet, located adjacent to three international airports. Transaction involved negotiating new airport ground lease agreements with local airport
governmental authorities
condemnation rights.
Represented client in the acquisition of a key 20-acre parcel of l
located adjacent to Los Angeles International Airport, for the development
construction of a parking facility. Transaction involved significant regulatory
l
use issues
approvals
involved obtaining approval of the acquisition
development of real property from,
the negotiation of an airport ground lease agreement with, the Los Angeles World Airports, City Council of the City of Los Angeles, Los Angeles City Attorney's Office,
other governmental agencies.
Represented client in the acquisition of a ground lease interest in an office
warehouse building located at Washington Dulles International Airport. Transaction involved the transfer
assumption of debt
bond financing, condemnation rights,
the assumption
modification of an existing airport ground lease agreement with local airport
governmental authorities.
Represented client in the acquisition, development,
construction of real property located adjacent to the Long Beach Airport, from The Boeing Company. Transaction involved significant regulatory
governmental issues
approvals.
Acquisition
Disposition Transactions: Represented client in a $618M sale of an entire industrial real estate fund, comprised of 5.8 million square feet in 100 properties portfolios in 11 states.
Lead counsel for a cross-disciplinary team representing institutional investors in connection with the $1.39B sale of 1.1 million acres of timberl
s to a consortium of publicly traded investors
operators. Transaction involved real estate, corporate, tax, employment, securities, REIT,
international law.
Represented client in a $1B contribution of 35 portfolios in nine states in exchange for OP units. Transaction involved transfer of membership interests, joint venture agreements, tax structures, assumption of 16 loans,
$100M new financing.
Lead counsel for a cross-disciplinary team involved in the acquisition of $2.4B of approximately 1.55 million acres of timberl
s
other assets located in 7 states. Transaction involved mergers
acquisitions, equity
debt financing, installment notes, tax,
REIT
SEC compliance.
Represented foreign investors in a loan workout
sale of a $210M technology center to another foreign investor
transaction involved foreign investment
tax considerations.
Represented client in a $30M acquisition of 42 acres of l
development of data center campus
transaction was structured as a ground lease for tax consideration with purchase options
development rights
obligations.
Represented trustee in the consolidation, workout, structuring,
liquidation of a 28 property $250M.
Joint Venture Transactions: Represented fund (as an investor) in a programmatic joint venture for the acquisition, development,
financing of Class B retail, multifamily,
mixed-use retail
residential assets in several states.
Represented client (as sponsor) in a $120M joint venture for the acquisition
financing of eight office buildings.
Represented client (as sponsor) in a $100M joint venture, structured as a REIT for tax purposes, with foreign investors, in the acquisition of a large distribution center in Texas.
Represented client (as sponsor) in a $200M programmatic joint venture for the acquisition
financing of two Class A medical office buildings
future medical office buildings in several states.
Represented client (as investor) in a $100M joint venture for the acquisition, renovation,
financing of five industrial buildings.
Represented client (as investor) in the recapitalizing of a $120M office building in Hawaii, including the acquisition of the office building from 30+ TICs.
Represented client in a $115M joint venture with an institutional bank. Transaction involved the contribution
operation of 24 industrial portfolios in six states
$70M in new financing.
Represented publicly traded REIT in a $1.5B joint venture. Transaction involved contribution of eight shopping malls, issue of common
preferred membership interests, negotiation of joint venture documents
assumption of debt.
Financings: Represented client, as borrower, in connection with a $458.5 million construction loan structured through the use of both tax-exempt bonds
taxable notes which were backed through various levels of credit enhancement provided by institutional lenders, as well as a swap agreement covering the full $458.5 million in exposure.
Represented institutional industrial client as borrower in a $300M securitized financing involving seven borrowers, 20 portfolios in six states, with A/B
fixed
floating notes.
Represented institutional industrial client as borrower in a $100M financing secured by 18 properties, totaling 1.6 million square feet. Transaction included a LIBOR floating rate shelf note, a fixed rate note, partial releases
substitution rights.
Represented institutional industrial client as borrower in a $165M unsecured to secured facility, with recourse
non-recourse notes
guarantees.
Represented institutional industrial client as borrower in a $70M mortgage
mezzanine loan. Properties included New York City IDA ground lease industrial properties with s
wich leases, purchase options
master guarantees.
Represented institutional industrial client as borrower in a $60M unsecured credit facility, with revolving line of credit.
Development
Construction: Represented client (as the owner) in the development of a mixed-used development located adjacent to the San Diego Petco Park, including with a 36-story apartment tower, three six-story buildings,
a 1200 space multi-level parking garage.
Represented institutional industrial client in the acquisition of l
subsequent development, construction,
sale of an industrial business park, comprising of 13 separate office condominiums
a total of 215,000 square feet of office
retail space.
Represented institutional industrial client in the acquisition of l
subsequent development, construction,
sale of an industrial business park, comprised of 24 separate improved parcels
a total of 162,000 square feet of industrial
office space.
Represented institutional industrial client in the development, construction,
sale of a 657,000-square foot warehouse for Home Depot.
Represented institutional industrial client in the acquisition, development,
ongoing construction of a 120-acre master planned development. The planned development will include 1.5 million square feet of building area
will include both spec.
build-to-suit industrial buildings.
