Real Estate

Representative Matters

ACQUISITION CLOSINGS

The Real Estate Practice Group’s attorneys and support staff work collaboratively to efficiently and effectively facilitate acquisition closings. 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 acquisition closings throughout the country.

• 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 real estate developer in connection with is proposed acquisition of a 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 the development of a multi-family 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 real estate investment firm in connection with a single sale transaction involving the disposition of multiple suburban office buildings.
• A franchisee in the acquisition of over 1,000 locations throughout the United States.

ACQUISITION FINANCING AND REFINANCING

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 hotel developer in the negotiation of $180+mm of construction, mezzanine, TIF and EB-5 financing.
• 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.

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. Our clients include major retailers, public hospitality REITS, restaurant owners and franchisees, financial institutions, and others with significant leasing needs.

• 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.
• A real estate developer in connection with a ground lease with a major supermarket chain and other ground leases.
• 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 GOVERNMENTAL 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.