Real Estate Practice

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Our mission: Support clients with exceptional, cost-effective legal services.

INNOVATION

We worked closely with the General Counsel’s office of the New York City Housing Authority (NYCHA) to craft an innovative financing structure under the American Recovery and Reinvestment Act that made possible one of the largest public-private partnership tax-credit bond deals in U.S. history. Proceeding under a tight deadline, a team of attorneys from NYCHA and Ballard Spahr closed this complex financing only three months after HUD’s initial approval. The result? NYCHA received federal, state, and private funding to modernize and maintain more than 20,000 public housing units.

RESOURCEFULNESS

When market conditions delayed construction of a $1 billion timeshare project in the West, the developers called on Ballard Spahr to preserve crucial entitlements, including land-use approvals, water and sewer rights, and building permits, which saved tens of millions of dollars in the project budget. We worked closely with elected officials and governmental agencies to secure needed extensions and keep the project moving forward.

LEADERSHIP

We represented developer Wexford Science & Technology in a 250,000-square-foot office and research center at the University of Miami Life Science and Technology Park. We negotiated and prepared transaction documentation, including a development agreement, a ground lease, space leases, and financing documents. The nine-acre park is now a vibrant urban research community where innovative companies and researchers from across the life sciences industry work together in state-of-the art labs, offices, and ancillary facilities.

COMMITMENT

We represented the National Center for the American Revolution (ARC) in acquiring land and obtaining entitlements to build a $100 million museum project, initially located in Valley Forge, Pennsylvania. We helped ARC acquire a 78-acre parcel, drafted zoning legislation that was adopted for the museum and education center, and successfully defended challenges to the legislation and approvals in state and federal courts. When ARC was presented with the opportunity to swap its property for a site in Philadelphia’s Independence National Historical Park, we negotiated a land exchange with the National Park Service that involved consultation with City and community leaders and several Native American Nations.

SERVICE

Replacing a Cold War-era nuclear security facility in Kansas City, Missouri, with a 1.5 million-square-foot manufacturing and research facility was a top priority for the National Nuclear Security Administration. Ballard Spahr helped make it happen. We assisted CGA Capital Corporation and its affiliates with financing for the construction and long-term operation of the facility. We drafted and negotiated the loan documents and played a major role in the lease and construction documents for the project, one of the largest ever undertaken by the U.S. General Services Administration.

We work with clients across the nation to finance, develop, and preserve real estate assets. Our work reflects an unsurpassed level of service and sophistication.

Attorneys from the following practices work together to provide exemplary service:

• Bankruptcy• Construction• Development• Distressed Real Estate• Eminent Domain• Environmental• Finance• Housing• Leasing• Litigation• P3/Infrastructure• Planned Communities and

Condominiums• Resort and Hotel• Tax• Zoning and Land Use

O U R T E A M

Our national real estate practice provides effective representation through every phase of a project.

• Advise on the acquisition, development, leasing, finance, and sale of assets, including distressed projects

• Guide clients through due diligence, permitting, and land-use approvals

• Draft and negotiate construction contracts and analyze bid proposals

• Handle workouts and restructurings, acquisitions, and debt and equity investments • Advise on federal, state, and local tax issues

• Work with appraisers and land planners in condemnation matters, ad valorem tax appeals, and regulatory matters

• Analyze tax-advantaged financing options

• Structure mixed-use and common ownership developments

• Counsel on green building compliance, sustainability initiatives, and environmentally sensitive properties

• Build productive relationships with government officials and community groups

• Represent REITs in corporate governance and tax matters

• Document and register timeshare and fractional ownership projects• Handle corporate real estate disposition and sale-leaseback transactions

• Acquisitions and equity participations

• Commercial leasing, development, and finance

• Condominium and planned community projects

• Construction contracts • Disputes/litigation• Industrial development • Military base reuse • Mixed-use development• Multifamily housing

development and financing• Office development and leasing• Public/private ventures• Resort, hotel, and fractional

interest projects • Restructurings, workouts, and

foreclosures • Shopping center development

and leasing • Tax issues, including appeals and

exemptions

O U R S E R V I C E S

Atlanta | Baltimore | Bethesda | Delaware | Denver | Las Vegas | Los Angeles | New Jersey | New York Philadelphia | Phoenix | Salt Lake City | San Diego | Washington, DC | www.ballardspahr.com

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