Representative Matters

    • Project consisted of a 1350 room luxury hotel and five hi-rise condominium building
    • Negotiated the lender's term sheet in connection with a revolving $600 million bond financing underwritten by a major regional brokerage house
    • Located and placed interim financing in the amount of $45 million to cover pre-development costs
    • Coordinated and managed services of six local firms providing ancillary legal and development services to the project
      • Developed and negotiated a backup plan with kick-out provisions to protect the not-for-profit institution from its possible failure to raise community funds
      • Negotiated a sale lease back facility for the building that enabled the new owner to move the D.C. not-for-profit corporation to proximate and comparable space.
      • Carefully negotiated provisions in the sale lease-back that would have enabled the D.C. not-for-profit corporation to fulfil its mission
        • Created an affiliated for-profit-management company to run the day to day operations of the facility
        • Researched and recommended all insurance requirements necessary to operate the facility
        • Reviewed and revised all license and usage agreements for third party use of the facility
        • Negotiated multiple subtenant leases including restaurant and retail shops
        • Prepared an offering memorandum, subscription letter and subscription agreement in an effort to raise funds in conjunction with securities co-counsel
          • Established German GmbH for purposes of acquisition, renovation and management of German property
          • Located the property, negotiated the purchase agreement and the agreement with the architect with respect to the building renovations, managed the projects extensive renovations, supervised the occupancy of the entire facility
            • Assisted in the acquisition through a 1031 transaction of an office building including a building site and the subsequent acquisition of an adjacent office property with securitized financing
            • Continued representation of the investor as counsel during the planning, financing, development and leasing of the adjacent building
            • Assisted the investor with the negotiation of a major tenant lease for the adjacent building in the project
            • Assisted the investor in re-planning the two acquired sites to enhance the FAR of the third building site located on the first property.
              • Negotiated a complex asset purchase agreement
              • Utilized a variety of strategies including an interim operating loan facility, debtor in possession financing agreements, a credit card operating agreement and an acquisition through Section 363 of the Bankruptcy Code that enabled the investor to eliminate more than $8 million in debt in less than 90 days
              • In less than one year after closing, represented the investor in the sale of one half of the business to an industry partner recouping the entirety of the investor’s purchase price