NEWPORT BEACH REAL ESTATE GROUP
Part of Holland & Knight's Southern California real estate team, our Newport Beach attorneys offer expansive market knowledge and deep experience representing buyers and sellers, operators and capital partners on real estate projects primarily throughout the U.S. across all asset classes.
WHO WE REPRESENT
• Operating Partners/Investors
• Investment Fund Managers
• Property Owners/Operators
• Developers
• Capital Providers
HOW WE CAN HELP
AWARDS & RECOGNITIONS
2024 Chambers USA
"The team's knowledge and awareness of commercial
"Holland & Knight has incredible relationships with clients. They're super responsive and always willing to go the extra mile."
REPRESENTATIVE TRANSACTIONS
DEVELOPMENT, JOINT VENTURE AND PUBLIC-PRIVATE PARTNERSHIP (P3) DEALS
Represented a family-owned commercial real estate company in a 99-year ground lease for the development of its approximately seven-acre property located in Santa Ana, California, including selecting a developer and addressing complex structuring, title, financing and development issues over the course of a more than five-year development process
Represented a public university in San Marcos, California, with the negotiation of a P3 arrangement to develop an extended learning facility for the university to construct a building with retail on the lower floors that will be owned by the developer, along with classroom and educational space on the upper levels that will be owned by the university
Represented a private equity firm with investment strategies in media, real estate, venture capital and other alternative assets in its recapitalization of an office building in Santa Monica, California, a deal valued at more than $120 million; recapitalization was achieved by means of the purchase of a 50 percent equity interest in the project by a fund sponsor based in Washington, D.C.; negotiated the purchase and sale agreement and the joint venture agreement, as well as the assumption of the existing loan
Represented a Santa Ana-based shopping center developer in two separate joint ventures with private parties involving land in Riverside County: 1) acquisition of a vacant parcel of land and a joint venture for the development of an ethnic supermarket to be operated by the client’s partner and 2) acquisition of a vacant parcel zoned for office use and its reentitlement for industrial development by a joint venture formed between the developer and the land seller
Represented the sponsor/asset management firm in connection with 1) an approximately $20 million acquisition of a hotel in Austin, Texas, and its repurposing as an apartment project and 2) five Austin-area deals that were negotiated as a joint venture relationship at the sponsor/operator level and prepared partnership agreements for the syndication of the transactions
Represented an investment management and development firm with more than $2 billion in assets under management, focused on urban multifamily real estate, in connection with 1) the purchase of California properties located in Gardena, Costa Mesa and Irvine, each involving the negotiation of purchase agreements contemplating complex entitlement processes as closing contingencies and analysis of underlying development rights and obligations, title, zoning and survey issues and 2) financing and refinancing of construction and acquisition loans for property in California and Oregon, including complex cross-collateralization and related title issues
Represented a private team of investors in the pursuit and development of property in Guam for residential development, including negotiation of initial predevelopment funding arrangements and structuring of the land contribution investment by property owner
Advised on a joint venture of property in Pennsylvania for development of a five-story wood frame mid-rise modular multifamily project consisting of 149 units and approximately 1,600 square feet of retail space, as well as the negotiation of the ground lease and a two-phase construction contract for the manufacturing of modular components for project off-site and delivery of modular components and construction of the project on-site
Advised on a joint venture for development of a multifamily project in Palmdale, California, containing a 308-unit multifamily complex and a 36-unit townhome development
Advised on a $62 million joint venture with a Texas developer for the acquisition and construction of a mixed-use project featuring 283 multifamily units and retail space in Austin, Texas
Advised on a joint venture with a Northern California-based real estate firm for the acquisition and development of a 388-unit multifamily and mixed-use retail project in Arlington, Virginia, totaling $172 million
Advised on a joint venture with a Newport, California-based developer for a $145 million development of an approximately 1 million-square-foot logistics center in Visalia, California, for an international technology and consumer goods distribution company
Advised on a series of joint venture agreements with a national residential developer in connection with four development deals in Nashville, Tennessee, and Austin, Texas, encompassing approximately 1,500 multifamily units and ancillary retail and parking
REPRESENTED A GLOBAL REAL ESTATE INVESTMENT MANAGEMENT SUBSIDIARY OF A FORTUNE 100 INSURANCE AND ANNUITY COMPANY
Advised on a series of joint venture agreements with a Canadabased development company for the development of several industrial warehouses in Gilbert, Arizona totaling approximately 470,000 square feet
Advised on an acquisition of property and negotiation of a development management agreement for approximately 175,000 square feet of small-box industrial buildings in Jurupa, California
REPRESENTATION OF A FORTUNE 500 SINGLE-FAMILY RESIDENTIAL DEVELOPER
Advised on several transactions in California involving the transfer to the affordable developers of a portion of the larger master-planned single-family development projects, including purchase and sale agreements for the transfer of the affordable component of the projects and partnership arrangements with the affordable developer to ensure satisfaction of the entitlement requirements for the larger development to proceed
Advised on the aggregation of eight separate development parcels pursuant to purchase agreements with six separate sellers, including master and subordinate purchase arrangements, for development of a master-planned singlefamily development project in Northern California
Winters Partner
Advised on the acquisition and financing of multifamily affordable properties across the U.S. and obtaining related consents and approvals from state and local regulatory authorities, including notable California acquisitions of a 261-unit multifamily affordable housing project in Anaheim, a 360-unit multifamily affordable housing project in Corona, a 236-unit multifamily affordable housing project in San Francisco, a two-property portfolio of 297 multifamily affordable units in Novato and a sevenproperty portfolio of 1,152 multifamily and senior units in the Sacramento area
Advised on the refinancing of existing debt for multifamily properties across the U.S., including properties in California, Virginia, Florida, Texas and Maryland –collectively, approximately $100 million of new debt
Advised on the predevelopment financing, development joint venture and property management arrangements for a 382-unit affordable housing project in San Francisco
Advised on the disposition of multifamily affordable properties across the U.S., including the sale of a 184unit multifamily affordable housing project in Ypsilanti, Michigan; a 304-unit multifamily housing project in Orlando, Florida; a 212-unit multifamily affordable housing project in Sacramento, California; and a 176-unit multifamily affordable housing project in Naples, Florida
Advised on the recapitalization of multiple existing closeended investment funds into a single master open-ended investment fund as part of streamlining the long-term investment strategy, coordinating consents and approvals of state and local regulatory authorities and lenders with respect to approximately 25 properties, and organizational restructuring (including multiple real estate investment trust (REIT) formations and preferred shareholder offerings)
Advised on the acquisition and financing of a 669-unit multifamily affordable housing project located in Los Angeles, including negotiation of a partnership agreement with the Housing Authority of the City of Los Angeles (HACLA), establishing an ownership structure sufficient to pursue a new welfare tax exemption for the project, a regulatory agreement for the project with HACLA as the regulatory authority and a subordinate loan agreement and related documents with HACLA as the lender
Advised on the structuring and negotiation of a property management joint venture, pursuant to which a new property management company was established to manage a portfolio of affordable multifamily properties in Georgia, North Carolina and Virginia, including pursuit of broker's licensing and qualification in such states
Linda Eva Rangel Attorney | Newport Beach