Real Estate

Suburban shopping malls in the UK, Japan and Hawaii. A sports and entertainment complex in Sacramento. The first full-block office development on Manhattan’s Park Avenue in three decades. Our Real Estate practice helps clients pursue opportunities around the world.

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  Global Investment Strategies

  Leading international investment funds, fund sponsors, advisors, developers, public and private pension funds, REITs and institutional lenders rely on us to help implement global investment strategies. We recently counseled a Japanese real estate company on its significant investment in a joint venture in Manhattan, a U.S.-based investment firm in establishing an Italian real estate fund and its purchase of 13 assets, and German and U.S. investors in the purchase of real estate and distressed assets in Mexico and Peru.

  Portfolio Transactions

  We have counseled on major industrial portfolio transactions, including a large European pension plan in the investment of $350+ million into an open-ended industrial and logistics fund investing in U.S. properties, the disposition of a significant retail portfolio in Japan and the $1.7 billion sale of 21 assets in the U.S. to Blackstone Group, which included office, retail, multifamily and industrial properties.

  Hospitality

  We have deep knowledge of the hospitality sector and have closed numerous equity and debt transactions involving landmark hotels, such as the sale, financing and conversion of the Ihilani Hotel at Ko Olina to a Four Seasons-branded property, the financing and sale of the Westin San Francisco Market Street and the $537 million acquisition of Gruppo Boscolo, the Italian luxury hotel group. We handle the hospitality and residential development and financing platforms for one of the leading international private equity funds and have experience with all major luxury hotel brands.

  Complex Development Transactions

  We have experience with complex, multi-use development transactions involving the structuring of projects with separate parcels, each with distinct use, equity capitalization and financing. We represented an international opportunity fund in a joint venture for the mixed-use development at 706 Mission in San Francisco, Westbrook Partners on the St. John’s Center redevelopment project in Manhattan and Intu Lakeside on the development of a Nickelodeon-themed indoor entertainment park inside the shopping center.

  Tech Space

  Reflecting our focus on serving the technology sector, we have deep experience in tech company-focused real estate transactions. We have closed several high-profile deals for office parks and developments in tech communities, such as the acquisition of Google’s Midwest headquarters, a joint venture acquisition and development of Stadium Tech Center in Santa Clara and the acquisition and lease to Facebook of a one-million-square-foot office campus in Menlo Park. We assisted with the acquisition and triple net lease of a state-of-the-art data center in Virginia, and we assist clients with ground-lease transactions for new developments and existing buildings, build-to-suit leases, sale-leasebacks and creative tenant-equity leases.

• Engagements

  Alecta
  $1.7 billion sale of 21 assets in the U.S. to Blackstone Group, which included office, retail, multifamily and industrial properties

  American Realty Advisors
  Acquisition of Chicago’s 1K Fulton building, which serves as Google’s Midwest headquarters

  Colony Capital
  Headquarters lease in a Class A office tower on Madison Avenue in Manhattan

  Cornerstone Real Estate Advisers
  $250 million sale of the Ihilani JW Marriott Hotel at Ko’Olina

  Fortress Investment Group (Japan)
  Acquisitions, joint ventures and financings in a variety of asset classes, including office, retail, residential, health care and hospitality

  GLL Real Estate Partners
  $387 million acquisition of Safeco Plaza, a 50-story skyscraper known as “The Box the Space Needle Came In”

  Hackman Capital Syndications
  Acquisition of development rights from Hudson Pacific Properties for the city-owned parcel The Culver Steps, in the heart of Culver City, Los Angeles. Also advised on the related construction financing to build out a mixed-use development

  Intu
  £177.9 million sale of its 63.5 percent stake in Intu Bromley, a shopping center located in London’s largest borough, to Alaska Permanent Fund Corporation

  Notting Hill Housing Group
  Joint venture with developer Sellar Properties for the acquisition and major development into a £500 million town center of a seven-acre site in Canada Water in east London

  PGIM Real Estate Finance
  $271 million cross-border senior loan secured by a portfolio of 32 industrial properties located in Mexico

  Tokyu Land
  Significant equity investment in the 425 Park Avenue development project, the first full-block office development on Manhattan’s Park Avenue in three decades. The joint venture of Tokyu, developer L&L Holding Company and GreenOak Real Estate secured $556 million in construction financing from Cornerstone Real Estate Advisers to fund development of the 897-foot office tower

  USAA Real Estate Company
  Joint venture for the $1.1 billion acquisition of five regional malls from Westfield, located in Connecticut, Illinois, California and Washington

  Värde Partners
  $537 million acquisition of Gruppo Boscolo, the Italian luxury hotel group

  Westbrook Partners
  $1+ billion mixed-use redevelopment project for St. John’s Terminal in Manhattan, which has included the $220 million buyout of Fortress, a $500 million refinancing, the $700 million sale of the south unit to Oxford Properties and the proposed development of the remaining north unit