Shapiro & Gellert, PLLC is a real estate boutique law firm with experience handling, negotiating, structuring and documenting complex real estate transactions. It advises and represents a wide variety of real estate investors, from the institutional opportunity fund to family offices and modestly capitalized start-ups, in complex commercial real estate transactions of all types.
Below are several notable transactions that the attorneys of Shapiro & Gellert, PLLC have worked on:
Represented a real estate developer in the acquisition of a six acre parcel in downtown Los Angeles’ Central Business District. At the time, the acquisition was the largest since the economic recession in 2008. Negotiated the first of several development joint ventures with a government pension plan to develop the first of five separate multi-family projects to be constructed on the site.
Represented a real estate developer in the formation of a joint venture in connection with the development of a six-story, 270-unit apartment building in the South Waterfront District of Portland, Oregon.
Represented a real estate developer in the formation of a joint venture to developan eight-story, 134,000 square foot, mixed-use building, housing 114 apartments and 15,400 square feet of ground floor retail space on the site of the former Peter Stuyvesant Post Office located in New York City’s East Village.
Represented a real estate developer in the acquisition and development of a sixteen-story, 160-unit waterfront apartment building, including 120-parking spaces and approximately 3,900 square feet of retail in Seattle, Washington. This will be the first new apartment tower to begin construction under the City of Seattle’s $1 billion dollar central waterfront plan.
Represented a real estate fund in connection with the formation of a joint venture to acquire 985 condominium units in Brooklyn, New York.
Represented a real estate fund in the formation of a partnership to acquire a large multi-family apartment complex in New York, New York subject to a Section 8 agreement with HUD. Represented an investment fund in connection with the formation of a joint venture on two super regional malls in California.
Represented a real estate fund in a joint venture with a local developer to acquire a Class A/B+ multifamily garden-style property containing 730 units located in Plano, Texas, and the purchase money financing provided through the Freddie Mac CME program.
Represented an investment fund in connection with the formation of a joint venture for the acquisition of five Class A office buildings in Dallas and Houston totaling approximately $900 million.
Represented a real estate fund in connection with the formation of a joint venture with a local developer to develop and convert an approximately 130,000 square foot industrial loft building into a 70-unit loft building “boutique lifestyle” apartment project in Chicago, Illinois.
Represented a real estate fund in a joint venture to acquire and finance a Class A residential 324-unit property located along the Miami River in Miami, Florida.
Represented a real estate fund in a joint venture in connection with (i) the acquisition of a Class A portfolio of 9 properties located in Dallas, Fort Worth, San Antonio & Houston, Texas containing approximately 2,589 units, and (ii) the assumption of 9 separate loans encumbering the properties.
Represented a real estate fund in connection with the formation of a joint venture with a local developer to construct a first class office building containing approximately 497,071 rentable square feet and a first class parking structure containing parking spaces for approximately 970 cars in Boston, Massachusetts.
Represented a real estate fund in connection with the formation of a joint venture to construct a luxury multifamily residential rental building, consisting of approximately 290 rental residential apartment units, approximately 7,246 square feet of leasing / amenity space and a 5-level parking garage with 485 parking spaces in Glenview, Illinois.
Represented the third mezzanine lender in the discounted purchase price of a $30,000,000 first mezzanine loan and the sale of corresponding participation interests to the second mezzanine lender, followed by the foreclosure of the first mezzanine loan, the affiliate transfer of the fee property, and the assumption and modification of the $140,000,000 mortgage loan encumbering a landmarked office building in Manhattan.
Represented the originating lender and administrative agent in a $130,000,000 mortgage loan and subsequent multi-bank syndication to finance the redevelopment of a 1,200-unit military housing complex into a rental housing community near Washington, DC, involving a master lease / sublease-back structure with the U.S. Air Force.
Represented the mezzanine lender in a $35,000,000 mezzanine loan to the sole members of certain tenant-in-common owners of various commercial properties in Manhattan, the closing of which was coordinated to the co-tenants' respective 1031 exchanges.
Represented the mortgage lender in a $95,000,000 mortgage loan, enhanced by a pledge of indirect economic interests in the mortgage borrower, to finance the acquisition, pre-development and construction of an elevated platform and dual residential condominium towers above a railroad right-of-way in Manhattan.
Represented the construction lender in a $106,000,000 mortgage loan to finance the construction of a 250-key luxury resort hotel and golf course in Arizona.