Real Estate

Representative Matters

ACQUISITIONS AND DISPOSITIONS

The Real Estate Practice Group’s attorneys and support staff work collaboratively to efficiently and effectively facilitate acquisitions and dispositions.

• Development partners with respect to a mixed-use town center in Yardley, PA, facilitating the acquisition, financing, construction, and leasing of ground lease units and retail space housing several national chains, including a supermarket, pharmacy, and financial institution, alongside other prominent retailers. 
• A hospitality conglomerate in the acquisition and financing of a 110,000 square foot shopping center in Feasterville, PA valued at $18+ million.
• The owner of a vertically integrated cannabis company in connection with the amalgamation of parcels of land (the acquisition and reverse subdivision thereof) and the development of a multi-use cannabis-centric campus facility in Atlantic City, New Jersey. This transaction occurred over a number of years and involved local cannabis laws and regulations, local land use and real estate law, the negotiation of numerous construction and other vendor contracts as well as environmental considerations.
• A joint venture partner in the sale of a prominent hotel in Miami, FL, to an international hospitality company based in Spain.
• A publicly traded REIT in connection with the acquisition of a hotel property located in Miami, Florida.
• An investor group in connection with the acquisition of a trailer park facility outside of Phoenix, Arizona.
• A family in the sale to publicly traded operators of a well-known ski and entertainment resort. 
• A self-storage company in the acquisition of 20+ sites to convert to self-storage operations across the United States.
• A real estate developer in connection with its proposed acquisition of a bio-tech development site outside of Raleigh, North Carolina.
• A local real estate developer and its joint venture partners in connection with the acquisition of land and subsequent development of a 200+ residential development project in Pennsylvania.
• A regional real estate developer in connection with the acquisition of land and the development of a mixed-use development project in New Jersey.
• A joint venture partner in the leasing, redevelopment, subdivision and lease-up of a mixed-use development.
• A real estate investment firm in connection with porfolio sale of multiple suburban office buildings.
• A franchisee in the acquisition of over 1,000 locations throughout the United States.

Through RCCB’s affiliation with the International Law Network (“ILN”), the group is able to bring to bear local resources and the knowledge of local customs necessary to facilitate closings throughout the U.S. and abroad.

FINANCING

A number of the real estate attorneys at RCCB regularly represent borrowers, lenders, and private equity funds in connection with sophisticated real estate financings, including equity raises, mortgage financing, and refinancing transactions.

• An owner/developer in connection with the refinancing (CMBS debt) of numerous multi-family assets throughout the New York Metropolitan area.
• A commercial bank in senior financing with low-income housing tax credits.
• A hotel developer in the negotiation of $180+ million of construction, mezzanine, TIF and EB-5 financing.
• A commercial bank in deed-in-lieu transactions in New Jersey and Pennsylvania.
• A developer in allocation of Low Income Housing Tax Credits, RACP money, and HUD financing for inclusionary housing development project.
• A private equity fund in connection with capital raises to acquire and develop apartment buildings and multi-family properties nationwide.
• Multi-family operators in the negotiation of numerous agency loans for apartment buildings in Pennsylvania, Ohio, Maryland and New Jersey.

COMMERCIAL LEASING AND MANAGEMENT AGREEMENTS

Many of the attorneys in RCCB’s Real Estate Practice Group are highly experienced in commercial leasing, and a few have a particular focus in restaurant and hospitality leases/management agreements. 

• The owner of a vertically integrated cannabis company in connection with the lease and development of the first ever in-premises cannabis consumption lounge in the State of New Jersey.
• A financial institution in connection with a headquarters lease comprising 100,000+ square feet of space and building naming rights and signage in the City of Philadelphia.
• A hospitality company in connection with numerous F&B management agreements throughout the United States.
• An owner/developer of a major redevelopment project in connection with a ground floor lease with a major “big box” retailer.
• An owner/developer of a shopping center in connection with ground leases with major supermarket, pharmacy and banking retailers, and other retail leases for a vertical construction space.
• A regional financial institution in connection with all of its ground leases.
• A master franchisee of a name-brand restaurant chain in connection with its leases nationwide.

ZONING, LAND USE AND MUNICIPAL WORK

The RCCB Real Estate Practice Group has a deep bench of experienced land use attorneys who practice in the City of Philadelphia and many of the surrounding Townships. These attorneys have fostered strong relationships with key political players and have the skill and savvy to effect positive outcomes under difficult circumstances. In partnership with the Litigation Practice Group, we are able to advocate for our clients in the Court of Common Pleas and beyond. Our affiliation with ILN gives us ready access to land use lawyers throughout the country.

• Handled land use and zoning matters, including applications for zoning variances, conditional uses, permitted exceptions and special use applications in Philadelphia and surrounding townships.
• Navigated civic design review, architectural review, and historical commissions for development projects.
• Drafted ordinances, covenants and conditions, and worked with local and state legislators and governmental offices to establish entitlement rights for development projects.