West Coast Real Estate, Land Use, Environment and Energy Group Fast Facts

West Coast Real Estate, Land Use, Environment and Energy Groups

www.hklaw.com

www.hklaw.com

2016

ANNUAL REPORT

2016 ANNUAL REPORT TABLE OF CONTENTS

A Message From Our Practice Leaders From Spanish land grants to the rush for gold and from wrathful grapes to starstruck speculators, real estate permeates the history of the American West. Holland & Knight is proud to play its part in that ongoing history by providing legal services in one of the most robust, complex and colorful real estate industries in the world.

Acquisitions and Sales.....................................1

Holland & Knight was named “Law Firm of the Year” for real estate law in the 2017 U.S. News – Best Lawyers “Best Law Firms” guide. The West Coast

Commercial and Retail Leasing........................3

Real Estate, Land Use, Environment and Energy Groups, as well as many of their individual lawyers, are the subjects of significant acclaim, including

Capital Market Transactions.............................5

recognition by Chambers USA – America’s Leading Business Lawyers, U.S. News – Best Lawyers and Super Lawyers. Throughout the year, our

Public Finance and Private Development...........7

real estate professionals focused on creating positive, forward-looking opportunities, as well as facilitating renewal and redevelopment along the

Land Use and Environment..............................11

West Coast and beyond.

Energy Practice..............................................19

As described in this Annual Report, our West Coast real estate professionals participated in some of the most complex, sophisticated and transformative

Fast Facts......................................................23

real estate projects undertaken in the United States during 2016. We helped clients purchase and sell a wide variety of commercial properties,

Our Team.......................................................27

including office, multifamily and mixed-use projects, data centers and even a former power plant. We assisted a diverse array of capital markets players in negotiating, structuring and documenting complex transactions, including syndicated loans, preferred equity and mezzanine loans, and public finance and private development matters. We helped clients navigate the often choppy waters of land use entitlements, environmental guidelines and energy regulations. We also served as counsel to Western indigenous tribes in several extraordinary transactions, including reaching a landmark agreement to obtain power from the Hoover Dam. The West Coast Real Estate, Land Use, Environment and Energy Groups proudly present some of our most notable 2016 transactions.

Susan J. Booth | Practice Group Leader West Coast Real Estate Group

Jennifer L. Hernandez | Practice Group Leader West Coast Land Use and Environment Group

ACQUISITIONS AND SALES

Each year we help our clients purchase, sell, lease, operate and finance billions of dollars of commercial real estate assets. In addition to standard product types such as office, retail and industrial, we also represent clients in the acquisition and sale of specialty types, including hotels, data centers and former power plants.

1 | www.hklaw.com

Holland & Knight Advises on $387 Million Sale of Washington Office Plaza by CommonWealth Partners to Korean Syndicate

» We represented NOP 1001 Fourth LLC, an entity controlled by CommonWealth Partners, in connection with the $387 million sale of the Class A office building Safeco Plaza to Seattle SC Plaza 2 LLC, an entity owned by various Korean investment funds. Safeco Plaza is a 50-story skyscraper located in downtown Seattle, Washington. The sophisticated disposition included the negotiation of several holdback agreements to complete tenant improvement obligations and the navigation of real estate investment trust (REIT) restrictions relating to Korean investment funds.

Holland & Knight Counsels on California Sales and Acquisitions by Morgan Stanley Real Estate Investing

» Our team represented Morgan Stanley Real Estate Investing (MSREI) and its affiliates in connection with almost $1 billion in significant West Coast real estate

Team Represents BBC Esmeralda, LLC in $75.9 Million Purchase of Renaissance Indian Wells Resort & Spa

acquisitions and dispositions. In one of the more

» We represented BBC Esmeralda, LLC in connection with its

I.M. Pei, in the Miracle Mile section of Los Angeles.

$75.9 million purchase from FelCor Esmeralda (SPE) LLC of the Renaissance Indian Wells Resort & Spa in the Coachella Valley. The resort includes a 560-room luxury hotel located

notable transactions, Cedars-Sinai Medical Center paid $295 million to acquire a Class A office building designed by Pritzker Award-winning architect, Another notable transaction involved the acquisition of a portfolio of cold storage facilities throughout California.

adjacent to the Indian Wells Golf Resort. We performed, analyzed and evaluated extensive due diligence, negotiated with the City of Indian Wells regarding the joint use of the resort golf course, and advised the client on a wide spectrum of issues ranging from the liquor licenses to the assessment of transient occupancy taxes to the rights and obligations under the service and management contracts. We negotiated the purchase agreement and the other related contracts, and facilitated a timely closing and transfer of the hotel, the FF&E, liquor licenses and inventory, and the management of the foregoing.

Firm Negotiates $86 Million Sale of Potrero Power Plant Site for Redevelopment

» We represented NRG Potrero LLC as seller of an approximately 21-acre development site in San Francisco, California, to California Barrel Company LLC. The site of the former Potrero Power Plant, which closed in 2011, is expected to be developed as a mixed-use project for housing, commercial and retail uses, as well as several acres of public parks.

Transaction complexities included negotiation of a complicated environmental insurance product to ensure remediation of the site.

www.hklaw.com | 2 www.hklaw.com | 2

COMMERCIAL AND RETAIL LEASING

Our West Coast leasing attorneys have enormous depth and breadth of experience and, as a result, develop sophisticated solutions to client issues. We handle large portfolios containing both complex and simple leases with equal efficiency, as well as all product types including office, industrial, flex, retail and mixed-use. Our attorneys also understand the lender’s role in the lease approval process and the competing interests of landlords, tenants and lenders in leasing transactions. We pride ourselves on our ability to negotiate tri-party deals among these interested parties.

3 | www.hklaw.com

We represent landlords, tenants, investors and management companies and bring a pragmatic business perspective to the lease negotiation process. We have been involved in leasing space annually throughout the U.S., ranging from small retail and office tenants to large space consolidations and complex tenant equity participations. Some of our ongoing representations include the following:

» 872,026-square-foot office building with ground floor retail in Seattle, Washington, for CommonWealth Partners

» 590,000-square-foot office building in downtown

Los Angeles, California, for Morgan Stanley Real Estate

» 380,000-square-foot office complex (two buildings) with ground floor retail in Beverly Hills, California, for Morgan Stanley Real Estate

» 330,000-square-foot office park in Calabasas, California, for Lincoln Property Company

» 107,000-square-foot office building in Irvine, California,

for a national real estate investment company

Holland & Knight Helps Publicly Traded REIT Buy Out Data Center Tenant

» Holland & Knight represented a publicly traded data center REIT in connection with a complex buyout of a lease in one of the data centers owned by the client. The buyout involved the assignment from the tenant to the landlord of the tenant’s license agreements with its data clients and carrier agreements with telecommunications providers, plus the purchase of equipment, in a manner that allowed the landlord to take over the servicing of data licenses

We work with our clients to establish consistent and efficient

without any interruption of service to the data center

processes for negotiating and managing leases across product

clients.

types and geography. For example, we are representing a state public pension system in connection with its leasing of the following projects:

» 1,029,000-square-foot industrial park in Reno, Nevada

» 175,000-square-foot shopping center in Costa Mesa, California

» 400,000-square-foot office building in Foster City, California

» 116,000-square-foot office building in Mission Viejo, California

www.hklaw.com | 4

CAPITAL MARKET TRANSACTIONS

Our West Coast real estate lawyers advise lenders, developers and equity investors on the full range of real estate-related capital market transactions across all commercial product types, including hotels, casinos and shopping centers. Whether our clients need assistance with conventional senior mortgage loan financing on stabilized multi-family property, multi-party joint venture agreements requiring complex waterfalls to address diverse product types in several states or anything in between, our lawyers have the experience and acumen necessary to deliver sage and practical advice. Our real estate transaction experience also includes specialized areas, such as Shariacompliant financing and the EB-5 Immigrant Investor Program. Multi-state transactions, syndication, joint ventures, and various other categories of debt and equity investment are represented in our portfolio of recent deals.

5 | www.hklaw.com

Pacific Western Bank Loans $42.4 Million for Mixed-Use Santa Ana Housing Development

» Our team represented Pacific Western Bank in connection with a $42.4 million construction loan to the developer of a 228-unit apartment project with 4,000 square feet of retail space in Santa Ana, California. The loan was made to The Line SA Investors LLC, an affiliate of LaTerra Development LLC. The project, called The Line at Santa Ana, will be a

3.9-acre, mixed-use development with ground-floor retail space and a 2,200-square-foot fitness center overlooking a 60-foot, resort-style pool with deck and clubroom. Plans also call for a rooftop lounge with barbecue stations, an outdoor theater and a view of Disneyland fireworks.

A&J Capital Investment Structures $306 Million in Commitments Under EB-5 Immigrant Investor Program

» We represented A&J Capital Investment in structuring $306 million in investment commitments spanning approximately 600 Chinese investors under the EB-5 Immigrant Investor Program. Several of the transactions involved complex capital stacks that required negotiations among multiple layers of lenders, including historic tax credit financing lenders. Each

Preferred Equity Facilitates Mixed-Use Condominium Buyout

transaction was organized under a single-purpose

» The owners of a mixed-use retail and residential

for $150 million to finance a mixed-use project in the

development wanted to further separate the residential and retail components. Our client, an international private equity group, agreed to provide the capital to facilitate that separation. We helped structure and negotiate our client’s preferred equity investment into the project, the buyout of an

LLC to finance hotel and real estate development projects as follows: Flomo Westlake Investments LLC Dallas, Texas, area; Statler 1900 Commerce LLC for $98 million to renovate the historic Statler Hotel & Residences in Dallas; and 1500 Canal Street LLC for $58 million to finance renovation of the Jung Hotel in New Orleans, Louisiana.

existing owner and the acquisition of the retail project.

CIT Bank, N.A. Arranges $334.5 Million Data Center Financing for Iconiq Capital

» We represented CIT Bank, N.A. in connection with the structuring, negotiating and arranging of a $334.5 million syndicated financing to enable affiliates of Iconiq Capital to acquire state-of-the-art data centers located in Texas and Oregon. The data centers provide physical and virtual information technology infrastructure that is leased to a

Holland & Knight Structures $304 Million Real Estate and Receivables Loan from Wells Fargo Bank

» We served as counsel to Wells Fargo Bank in connection with a $304 million loan. Our attorneys helped structure a unique hybrid security comprised of the borrower’s receivables as well as a partial interest in a major metropolitan office building. The financing represented the largest debt package to date for the originating division of Wells Fargo.

variety of businesses. The transaction represented one of the largest financings of this type for our client.

www.hklaw.com | 6

PUBLIC FINANCE AND PRIVATE DEVELOPMENT

Our public finance attorneys regularly help developers partner with local governmental entities, including school districts, to finance infrastructure development across California and other states.

During 2016, our team closed more than $120 million in bond financings that provided funding for residential and commercial infrastructure, as well as much-needed school facilities.

7 | www.hklaw.com

Sacramento CFD Issues $20 Million in Mello-Roos Bonds for K. Hovnanian Development

» We represented K. Hovnanian at Westshore LLC, an affiliate of Hovnanian Enterprises Inc., as master developer in connection with the issuance of $20 million in Mello-Roos special tax bonds by the City of Sacramento Natomas Central Community Facilities District No. 2006-2. Bond proceeds will be used to finance certain governmental fees and public infrastructure, including utilities and road construction, required in connection with our client’s residential development within the district. When completed, the Natomas Central development is expected to include approximately 1,770 single-family dwelling units dispersed over 184 acres, approximately 560 high-density residential units dispersed over approximately 30 acres, an elementary school, a fire station and a recreation center.

Holland & Knight Helps Clients Team with School Districts to Finance Infrastructure Holland & Knight frequently helps our developer clients partner with school districts to create financings that benefit both parties. The following are examples of financings that we helped negotiate that resulted in the successful construction of vital housing units and state-of-the-art educational facilities.

» We represented Lennar Homes of California, Inc. and MS Rialto West Creek CA LLC in connection with the issuance by the Saugus/Hart School Facilities Financing Authority of $45.6 million in bonds pursuant to the Marks-Roos Local Bond Pooling Act. Proceeds from the authority bonds were used to acquire three series of Mello-Roos special tax bonds issued by Community Facilities District No. 2006-1 of the Saugus Union School District, the proceeds of which were used to finance and refinance our clients construction of various school and sanitation facilities within the

Jurupa CFD Issues $7.4 Million in Mello-Roos Bonds for Lennar Homes Project

» Our attorneys represented Lennar Homes of California, Inc. in connection with the issuance by Community Facilities District No. 43 of the Jurupa Community Services District of $7.5 million in special tax bonds to finance the public infrastructure required to complete two of Lennar’s residential developments within the district. The developments are called Estancia East and Estancia West. When completed, they are expected to include 197 single-family detached homes.

school district.

» We represented Pacific Point Development Partners LLC in connection with the issuance by the Capistrano Unified School District Community Facilities District No. 98-1A of $6.4 million in Mello-Roos special tax bonds. Bond proceeds in that transaction will be used to finance necessary public improvements in the Pacifica San Juan development, including school facilities, which will support the construction by our client and others of 318 residential units, including 189 single-family homes and 129 condominium units. www.hklaw.com | 8 www.hklaw.com | 2

Holland & Knight Helps Clients Access Bond Moneys from CSCDA The California Statewide Communities Development Authority (CSCDA) was created in 1988 under California’s Joint Exercise of Powers Act to provide the state’s local governments with an effective tool for financing community-based public benefit projects.

» We represented developer SDC Delta Coves LLC in connection with the issuance of $11.2 million in MelloRoos bonds by the CSCDA on behalf of its Community Facilities District No. 2016-02 (Delta Coves). Bond proceeds will be used to finance the infrastructure required for the construction of the Delta Coves residential development in Contra Costa County. The project is approved for 494 single-family detached homes, as well as 66 condominium and townhome units. Amenities are expected to include a saltwater lagoon and an approximately 4,500-square-foot yacht club/recreational facility.

9 | www.hklaw.com

Âť We represented developer University District LLC in connection with the issuance of $11.3 million in

Mello-Roos bonds by the CSCDA on behalf of its Community Facilities District No. 2015-01 (University District). Proceeds from this bond issue will be used by the developer to construct the infrastructure required for 399 single-family units in a development known as University District, located just north of Sonoma State University in Rohnert Park, California. When completed, the University District master-planned development is expected to include 1,236 single-family homes, 218 affordable multifamily units, 100,000 square feet of mixed-use commercial space, two public parks, two detention and water quality basins, as well as open space that includes two creeks, creek buffers and wetlands, all located on approximately 260 acres.

www.hklaw.com | 10

LAND USE AND ENVIRONMENT

Holland & Knight has extensive knowledge in all aspects of land use and environment law, from zoning and entitlements to acquisitions and project development, as well as compliance assessments and environmental impact reports. Our attorneys and professionals have experience addressing issues related to water quality, due diligence, entitlements, brownfields, wetlands, endangered species, historic preservation, health and safety, hazardous materials, biotechnology, insurance and litigation.

11 | www.hklaw.com

Richmond Successor Agency Entitles $113 Million Miraflores Community Housing Project

Âť Our West Coast Land Use and Environment Group helped the Successor Agency to the Richmond Community Redevelopment Agency keep its dream of completing the Miraflores Community Housing Project alive. We provided wrap-around legal and government advocacy services on the project, helping to transform an environmentally blighted, but historically significant, cut flower nursery into a community asset. The project is planned to include 80 units of affordable senior rental housing, 190 units of mixed-income for-sale housing, and 7 acres of park and urban agriculture land. We helped secure more than $5.5 million in grant and low-cost loan funding for the project, addressed environmental and historic preservation issues with community members and the State of California, and negotiated two property transfer agreements with a nonprofit housing corporation and a for-profit developer.

Irvine Company Entitles 942 Apartment Units in Cupertino

Âť We represented Irvine Company Apartment Communities in successfully obtaining entitlements for The Hamptons, a redevelopment project in Cupertino, California, located on a 12.4-acre site adjacent to the new Apple Campus 2. The developer will redevelop an outdated apartment complex into a new 942-unit project containing a bicycle hub, as well as other bicycle and pedestrian improvements to facilitate connectivity with Apple Campus 2. Our representation included negotiating a key school mitigation agreement with the local school district.

www.hklaw.com | 12 www.hklaw.com | 2

American Realty Advisors/SVF Acquisitions LLC Acquires LEED Gold-Certified Foundry Square III Building in San Francisco

» We represented American Realty Advisors/SVF Acquisitions LLC in connection with due diligence for the purchase of the property known as the Foundry Square III, located on Howard Street in San Francisco, California. Holland & Knight attorneys drew on knowledge and familiarity with San Francisco’s Transbay District to complete due diligence on an accelerated timeline. The 10-story, 291,093-squarefoot building is located just one block from San Francisco’s forthcoming $4.5 billion Transbay Transit Center. The building is LEED Gold-certified and features state-of-the-art building systems. It is

100 percent leased to tenants that include IBM, NASDAQ, Perkins Coie, Neustar and Silicon Valley Bank.

Institutional Family Partners Acquires Underutilized Parcels in Oakland for Mixed-Use Redevelopment

» We successfully conducted land use, environmental and real estate due diligence for equity investor Institutional Family Partners in connection with its acquisition of underutilized surface parking lots in Oakland, California. The lots will be redeveloped by the Hanover Company as a mixed-use project called the Hanover Waverly Project, which is expected to include 225 market-rate residential units and 23,500 square feet of ground-floor retail space. Among other tasks, our attorneys helped the client address the transactional risk presented by a local union organization’s appeal of planning commission approvals to the city council, as well as a density transfer from a nearby landowner.

13 | www.hklaw.com

www.hklaw.com | 14

Holland & Knight Helps AG-CCRP Public Market LP Secure and Implement Approvals for Nation’s First Platinum LEED-ND Mixed-Use Project

 We represented AG-CCRP Public Market LP in connection with the ongoing redevelopment of an approximately 15-acre underutilized property into the nation’s first Platinum LEED-ND mixed-use community in Emeryville, California, which will be facilitated by the relocation of a city street. The community is planned to include 680 units of mixed-income housing, community-serving retail and restaurants, a grocery store and a park. Among other successes in 2016, we secured city approvals of a development agreement to vest development rights, the final parcel-specific design approvals, and park and infrastructure agreements to increase the availability of land to construct housing and other uses. We also represented the client in the sale of parcels for residential development. For environmental clearances, we obtained authority from the California Department of Toxic Substances Control to develop residential use on historically impacted land where only commercial and industrial uses were permitted previously.

15 | www.hklaw.com

Kern County Approves Grapevine Specific and Community Plan Project for Tejon Ranch

Âť We represented Tejon Ranch Company in connection with CEQA compliance and obtaining required entitlements for the Grapevine Specific and Community Plan Project, an 8,010-acre master-planned community in Kern County, California. The project will create a sustainable community that continues to preserve a vast amount of Tejon Ranch-owned lands, provides up to 12,000 residential units, expands economic opportunity, creates jobs in Kern County and provides convenient access to employment, shopping, parks, schools and housing for area residents. The Kern County Board of Supervisors unanimously certified the environmental compliance documents, adopted the Grapevine Specific and Community Plan, adopted a development agreement and approved related entitlements.

www.hklaw.com | 16

Holland & Knight Negotiates Leases for Former Oakland Army Base Holland & Knight has represented the City of Oakland for several years in connection with the redevelopment of the former Oakland Army Base.

» We represented the city, as lessor, in the negotiation and preparation of a complex long-term ground lease for an approximately 33.84acre development site known as West Gateway to Oakland Bulk and Oversized Terminal LLC, as tenant. This 66-year ground lease was the first ground lease successfully negotiated and prepared for the former 130-acre Oakland Army Base in accordance with the 2012 Lease Disposition and Development Agreement, which Holland & Knight also negotiated and prepared to guide redevelopment of the former base.

» We represented the city, as lessor, in the negotiation and preparation of another complex, 66-year ground lease for an approximately 16-acre development site known as CE-1 to Prologis Mesquite LLC, a Prologis company, as tenant.

» We represented the city, as lessor, in the negotiation and preparation of yet another complex, 66-year ground lease for an approximately 14.6-acre development site known as MH-1 to CCIG Oakland Global LLC, a California Capital & Investment Group company. This is the third ground lease (of an expected five) successfully negotiated and prepared by Holland & Knight.

Holland & Knight Negotiates Settlement Agreement Over Zoning Ordinance, Allowing Silicon Valley Manufacturing Company to Continue Operations

» Holland & Knight represented a Silicon Valley manufacturing company in its dispute with the local government over a proposed zoning ordinance that would have required the company to relocate or shut down a major facility. We negotiated a settlement agreement between the company and the local government to mitigate the adverse impact of a new ordinance directed at the company’s operations by extending the compliance period. The settlement agreement allowed the manufacturer, which employs more than 600 workers in that facility, to continue its operations.

17 15 || www.hklaw.com www.hklaw.com

Holland & Knight Represents Master Developer in San Francisco Pier 70 Mixed-Use Project

» We represent Forest City Realty Trust Inc., with respect to environmental, CEQA and public finance matters for the Pier 70 mixed-use district project in San Francisco, California. The Port of San Francisco owns the 69-acre

Pier 70 site on the San Francisco Bay.

In April 2011, the port selected Forest City to act as master developer for a 35-acre project site, which includes 28 acres of Pier 70 and two adjacent parcels, and to initiate rezoning and development of design standards and controls for a multi-phased, mixeduse development. Our attorneys and Forest City worked with the San Francisco Planning Department to support the CEQA process and the preparation of an Environmental Impact Report (EIR). The draft EIR was published on Dec. 21, 2016. We are also helping to develop and implement a sophisticated public financing plan that includes the use of special district

Holland & Knight Assists Carmel Partners with EIR for Oakland’s Jack London Square Development

financing.

» We represented developer Carmel Partners on the preparation and adoption of an EIR to analyze the effects of a 330-unit, mixed-use residential development also containing 8,000 square feet of ground-floor commercial use on approximately 2.7 acres in the Jack London Square area of Oakland, California. The Oakland Planning Commission certified the EIR and approved the project in March 2016.

www.hklaw.com | 18

ENERGY PRACTICE

Our West Coast Energy Team consists of attorneys and professionals who work in all areas of energyrelated regulatory, legislative, transactional and litigation matters, and who are also involved in the world’s newest, innovative energy opportunities. In 2016, we continued to help our clients prepare for and participate in the rapidly changing electric and natural gas industries. We also continue to be the go-to resource for clients implementing complex mitigation requirements for large renewable energy projects.

19 | www.hklaw.com

Holland & Knight Keeps Sherman Act and RICO Claims Alive for United Energy Trading

» We represented United Energy Trading LLC in connection with its Racketeer Influenced and Corrupt Organizations

FERC Approves Vista Energy Application to Sell Power

Act (RICO) and Sherman Antitrust Act claims against PG&E before the U.S. District Court for the Northern District of California. In Aug. 2016, our attorneys

» We represented Vista Energy Marketing LP in connection with our client’s successful application to the Federal

successfully defeated a motion by PG&E to dismiss

Energy Regulatory Commission (FERC) to sell electric

the Sherman Antitrust Act claims, keeping the federal

power at market-based rates. Vista Energy is a third-

causes of action alive for our client.

party natural gas supplier for more than 90,000 homes and businesses in California and other states.

www.hklaw.com | 20

21 | www.hklaw.com

Holland & Knight has a robust practice assisting West Coast indigenous peoples with a variety of legal issues, including real estate, land use, environmental regulation and utilities matters.

Ukpeagvik Iñupiat Corporation Closes Agreement to Transition Alaskan Utility System

» We represented Ukpeagvik Iñupiat Corporation (UIC), a corporation formed to serve the needs of native Alaskans following the passage of the Alaska Native Claims Settlement Act of 1971, in connection with transitioning the natural gas and electrical utility systems on UIC land at the Navy Arctic Research Lab area to the local utility in Barrow, Alaska, and the North Slope Borough. The agreement ends a 40-year effort to allocate ownership and responsibility for the utility system after UIC took ownership of its current lands.

Holland & Knight Represents Native American Tribe in Landmark Agreement for Hoover Dam Power

» For the first time ever, Native American tribes became eligible to receive power from the Hoover Dam when Congress enacted the Hoover Power Allocation Act of 2011. On behalf of one of our client tribes, we negotiated the terms and conditions of electrical service with the Western Area Power Administration and U.S. Bureau of Reclamation, along with 50 eligible allottees of Hoover Dam power, for a 50-year contract. We completed negotiations with the federal agencies and all 50 allottees, and the parties executed the contract in 2016.

www.hklaw.com | 22 www.hklaw.com | 2

WEST COAST REAL ESTATE, LAND USE, ENVIRONMENT AND ENERGY

GROUP FAST FACTS

POSITION YOURSELF TO THRIVE WITH OUR COMMITMENT TO UNPARALLELED SERVICE As one of the largest law firms in the United States, Holland & Knight has extensive experience and knowledge in all aspects of land use and environmental law, from acquisitions and project development to environmental audits and compliance assessments. Our real estate attorneys and professionals have a long history and substantial experience with water quality, due diligence, entitlements, brownfields, wetlands, endangered species, historical matters, health and safety, hazardous materials, biotechnology, tribal law, insurance and litigation.

EXPERIENCE THE HOLLAND & KNIGHT DIFFERENCE:

HIGHLY RESPONSIVE to market changes, creatively adapting as circumstances demand

INNOVATIVE by offering cutting-edge counsel on evolving issues affecting every aspect of the industry

COMPREHENSIVE working relationships with local regulatory and policy authorities throughout the country, including municipalities, as well as the executive and legislative branches Our group works on local zoning and entitlement approvals, but also has a substantive background in three or more areas of land use and environmental law, including: • • • • • •

agricultural and conservation easements air quality biological and radiological materials bond financing brownfields redevelopment and water supply community facilities financing

• • • • • •

hazardous materials handling hazardous waste management homeowner association formation/management redevelopment and annexation sewage and water treatment plants special district formation

• • • • • • 23 | www.hklaw.com

state and federal agency advocacy state and federal legislative advocacy stormwater threatened and endangered species transit and transportation improvements wetlands

Our West Coast Real Estate, Land Use, Environment and Energy Groups provide clients the added benefits of working with a focused practice group, combined with the broader resources of a large multidisciplinary firm.

When you bring your real estate matters to our firm, you access the resources of our land use and environment professionals as well as those in energyrelated practice areas.

Our Clients

25+

Members

range from developers and builders to investors and lenders, industry and trade associations, as well as federal, state and local governments

attorneys and land use professionals operate in our three West Coast offices to provide regional insight

of our national practice are involved in related industry groups, including ULI and the National Mortgage Association

IN-DEPTH PRACTICE STRENGTHS Site assessments, compliance audits and follow-ups are critical to your business. Our compliance know-how is extensive, covering all aspects of environmental and land use matters, including:

»Endangered Species Act »Insurance »Takings Law »Litigation »Environmental Health »Environmental Review and Safety

»Tribal Law

(NEPA and CEQA)

»Brownsfield

Redevelopment

HOLLAND & KNIGHT’S REAL ESTATE PRACTICE IS AT THE FOREFRONT OF: REAL ESTATE FINANCE Real estate finance is a core strength of our Real Estate practice, as demonstrated by our significant track record within the national real estate finance space as well as throughout California.

RETAIL Holland & Knight has one of the strongest retail practices nationwide. As other retail law firms abandon their focus on the retail sector, we are even more committed to it, and continue to organize our retail practice around the needs of clients to fit their business services and structure.

HOSPITALITY We have a focus on the hotel and hospitality industry, with particular emphasis on hotel and mixed-use communities in California and beyond. We advise hotel owners and developers of mixed-use resort and urban communities domestically and in the emerging markets of Asia, the Middle East and Latin America.

SUSTAINABLE DEVELOPMENT Holland & Knight was one of the first law firms with attorneys certified as LEED-accredited (Leadership in Energy and Environmental Design). We have attorneys who are certified to advise clients on green building, environmentally sustainable construction and performance issues.

LOW-INCOME HOUSING TAX CREDITS Since the inception of low-income housing tax credits in 1975, Holland & Knight has represented syndicators, developers, broker-dealers and equity investors in structuring, negotiating and documenting tax-advantaged equity investments in all types of real estate throughout the United States. As a result, we have developed extensive knowledge about low-income housing tax credits, and the tax and business problems that can arise in structuring tax-advantaged transactions.

ADDED-VALUE SERVICES

WHAT OTHERS SAY ABOUT OUR FIRM U.S. News - Best Lawyers guide

DUE DILIGENCE Counseling purchasers, sellers and lenders on evaluating the issues and structuring transactions to minimize risk

2017, 2016 & 2015 national first-tier rankings Land Use & Zoning Law | Real Estate Law Real Estate Litigation | Environmental Law 2017 “Law Firm of the Year” for Real Estate Law 2017 metropolitan first-tier rankings in Land Use & Zoning Law Chicago | Fort Lauderdale | Miami | Orlando San Francisco | Washington, D.C.

ENTITLEMENTS Guiding clients through the land use approval process with project-level direction

HISTORICAL RESOURCE Assisting clients with requirements under the National Register of Historic Places and the NHPA

The Best Lawyers in America guide

2016 attorney recognitions: Real Estate Law | Land Use & Zoning Law Environmental Law | Litigation – Land Use & Zoning Litigation – Environmental Chambers USA - America’s Leading Business Lawyers guide

No. 1 Ranked for California Real Estate for 2016: Real Estate: Land Use & Zoning Attorney recognitions: Real Estate | Zoning/Land Use | Environmental Law www.hklaw.com | 24

HOLLAND & KNIGHT

FAST FACTS LEGAL KNOWLEDGE THAT SERVES YOUR GOALS At Holland & Knight, we put our legal knowledge to work for you in a practical manner. We know that in order to be the best value to you, we must first provide personalized solutions tailored to your needs. With more than 1,250 lawyers in our U.S. and international offices and legal colleagues in over 40 countries around the world, Holland & Knight serves clients globally.

WHAT OTHERS SAY ABOUT OUR FIRM Our lawyers are consistently recognized as leaders in the legal profession, earning accolades for service, responsiveness, results and pro bono commitment.

2017 Chambers Global Guide

18 lawyers with top rankings | Among the “world’s leading firms” in Global-wide: Aviation Finance, Shipping Finance, Shipping Litigation and International Private Client

Our clients recognize the ability of our firm to consistently provide excellent value in a variety of areas that range from:

COMMERCIAL REGULATORY LITIGATION MATTERS

M&A

REAL ESTATE

2017 U.S. News - Best Lawyers “Best Law Firms” Guide

Firm named “Law Firm of the Year” for Real Estate Law and Trusts & Estates Law National first-tier rankings in 36 practice areas 164 metropolitan first-tier rankings

GOVERNMENT ADVOCACY

2017 Chambers Latin America Guide

12 lawyers honored as “Latin America’s best advisors” | Top rankings in Latin America: Banking & Finance, Corporate/M&A and Capital Markets; Colombia: Corporate/M&A, Intellectual Property, Energy & Natural Resources; Mexico: Banking & Finance and Capital Markets; Cuba: Corporate/Commercial 2016 Chambers USA Guide

154 ranked attorneys | “America’s Leading Lawyers for Business” | Ranked No. 1 in Aviation Finance, including recognition for being “very diligent and reasonable” and “extremely proactive, on detail and on time” | Recognized for being “responsive, knowledgeable and thorough” and “excellent at strategic thinking”

OUTSTANDING COUNSEL WHEREVER YOU NEED US With 27 offices around the globe, we are committed to providing the highest quality legal counsel combined with the utmost in client service – across state and national borders – in a seamless, cost-effective manner. This level of legal guidance, combined with our interdisciplinary structure and the firm’s global network, is your assurance of high-quality resources when and where you need them.

Decades of Experience

We Accelerate

360° Approach

across an array of industries, businesses and government organizations

opportunities while mitigating risk and liability for every client

designed to comprehensively address the full scope of our clients’ legal challenges and objectives

25 | www.hklaw.com

Diversity Commitment to Innovation.

Commitment to Diversity

Firm received “perfect score” on Human Rights Campaign Annual Corporate Equality Index 2017; High rankings in ALM’s 2015 Diversity Scorecard; One of the “100 Top Law Firms for Diversity”

by MultiCultural Law Magazine Working Mother Magazine and Flex-Time Lawyers

Firm recognized as one of the “2016 Best Law Firms for Women” for leading the industry in creating and using best practices in retaining and promoting women lawyers The Women in Law Empowerment Forum

2016 Gold Standard Certification Sixth time in a row for providing women attorneys with opportunities for financial success and positions in firm leadership

OUR APPROACH ENABLES US TO BE: HIGHLY ADEPT with proactive, innovative strategies that help to create opportunities and transform your needs and goals into successes

AGILE with extensive industry-relevant knowledge, enabling us to provide comprehensive counsel – not just legal advice in a business vacuum

CONNECTED to the latest industry trends and related business issues, making significant investments to stay abreast of the issues that are most important to our clients

Every action we take is based on providing dedicated service with the most thorough knowledge and experience for each particular client need – whether it is a matter or transaction that can be resolved quickly, or a complex national or international dispute involving a broad range of legal services reaching across jurisdictions and borders.

LAWYERS AND PROFESSIONALS WHO UNDERSTAND YOUR INDUSTRY Our experience in your industry makes the difference between just knowing and truly understanding your legal services needs.

FINANCE AND FINANCIAL SERVICES

HEALTHCARE AND LIFE SCIENCES

TRANSPORTATION AND INFRASTRUCTURE

REAL ESTATE AND HOSPITALITY

ENERGY AND NATURAL RESOURCES

TECHNOLOGY AND TELECOMMUNICATIONS

THE HOLLAND & KNIGHT COMMITMENT Holland & Knight takes a multidisciplinary approach that enables us to pair our dedicated nationwide team with highly knowledgeable and experienced attorneys and professionals from other practice areas.

Whether you are a buyer, seller, institutional investor, developer, lender, architect, contractor, tenant or landlord, we are committed to providing efficient, experienced and quality legal representation.

www.hklaw.com | 26

OUR

TEAM PRACTICE GROUP LEADERS Susan Booth*

Jennifer Hernandez*

213.896.2540

415.743.6927

susan.booth@hklaw.com

jennifer.hernandez@hklaw.com

Bradley Brownlow

Stacie Andra Goeddel

George Gregores

415.743.6975

415.743.6902

503.243.5879

bradley.brownlow@hklaw.com

stacie.goeddel@hklaw.com

george.gregores@hklaw.com

Robert Haight Jr.

Tara Kaushik

Paula Kirlin

415.743.6929

415.743.6924

415.743.6942

robert.haight@hklaw.com

tara.kaushik@hklaw.com

paula.kirlin@hklaw.com

Elizabeth Lake*

Karl Lott

Chelsea Maclean

415.743.6969

213.896.2436

415.743.6979

elizabeth.lake@hklaw.com

karl.lott@hklaw.com

chelsea.maclean@hklaw.com

Amanda Monchamp

Michael Brill Newman*

Tamsen Plume*

415.743.6947

415.743.6989

415.743.6941

amanda.monchamp@hklaw.com

michael.newman@hklaw.com

tamsen.plume@hklaw.com

David Preiss

Douglas Praw*

Andrew Starrels

415.743.6914

213.896.2588

213.896.2507

david.preiss@hklaw.com

doug.praw@hklaw.com

andrew.starrels@hklaw.com

PARTNERS

27 | www.hklaw.com

Nicholas Targ*

Mel Weinberger

415.743.6926

503.517.2912

nicholas.targ@hklaw.com

mel.weinberger@hklaw.com

OTHER ATTORNEYS Stephanie DeHerrera

Daniel Dow

David Friedman

213.896.2523

213.896.2495

213.896.2431

stephanie.deherrera@hklaw.com

daniel.dow@hklaw.com

david.friedman@hklaw.com

Daniel Golub

Ashley Jason

Joanna Meldrum

415.743.6976

213.896.2592

415.743.6978

daniel.golub@hklaw.com

ashley.jason@hklaw.com

joanna.meldrum@hklaw.com

Paul Park

Andrea Sumits

Joseph Taboada

213.896.2433

415.743.6948

415.743.6953

paul.park@hklaw.com

andrea.sumits@hklaw.com

rob.taboada@hklaw.com

Genna Yarkin 415.743.6990 genna.yarkin@hklaw.com

SENIOR PROJECT MANAGER Geoffrey Geddes 213.896.2551 geoffrey.geddes@hklaw.com

* Recognized by Chambers USA - America’s Leading Business Lawyers guide

www.hklaw.com | 28

With more than 1,250 attorneys practicing in over 200 areas of law, Holland & Knight can provide you with comprehensive representation in virtually any legal matter.

Learn more about Holland & Knight at www.hklaw.com.

HOLLAND & KNIGHT PRACTICE OVERVIEW Corporate Transactions, Finance and Tax International Latin America Cuba Action Team

Litigation and Dispute Resolution Private Wealth Services Real Estate, Capital Markets, Hospitality and Leisure Regulatory and Government Affairs

INDUSTRY SECTORS Energy & Natural Resources Finance & Financial Services Healthcare & Life Sciences

Real Estate & Hospitality Technology & Telecommunications Transportation & Infrastructure

www.hklaw.com Copyright Š 2017 Holland & Knight LLP All Rights Reserved