Our real estate team handles transactions of all sizes and degrees of complexity. We advise on ownership, use, and financing issues for clients including developers, real estate investment trusts (REITs), private equity and pension funds, institutional lenders, advisers, servicers, and colleges and universities. We handle land assemblage, use, and development; leasing; dispositions; financings (including international investments); workouts; restructurings; and real property tax matters.
With more than 50 lawyers and other professionals in 13 offices, we serve clients in the real estate industry as well as those whose business models use real estate as a strategic asset. We collaborate with other practices within the firm to provide coordinated and efficient service, whatever the demands of the transaction.
We guide clients through the maze of transactional issues arising in the acquisition and management of real estate holdings. Our practitioners represent for-profit and nonprofit companies in acquiring, selling, permitting, leasing, and financing real estate assets and property portfolios. We negotiate hundreds of leases each year and handle a variety of portfolio management issues for clients.
In addition to counseling on site acquisitions and the development of corporate headquarters, warehouse, and distribution facilities, we assist clients in purchases, sales, leasings, and subleasings of manufacturing, laboratory, and other facilities across the country, including university housing and healthcare-related real estate. Our clients include owners and tenants of commercial properties that range from trophy towers to suburban office complexes and industrial facilities to urban mixed-use properties and shopping centers.
Our lawyers advise real estate funds, realty joint ventures, public and private REITs, and other real estate investors. Our REIT and private fund interdisciplinary practices focus on business, tax, and regulatory issues associated with forming and operating such entities.
We negotiate, document, and close real estate loans (including construction, permanent, and mezzanine loans) for lenders and borrowers. For a variety of clients, we negotiate and document real estate secured loans and related transactions, and advise on complex lending arrangements that entail institutional joint ventures and tax-exempt bond financings. Our team helps lenders design novel forms of debt and equity financing. Transactions range from middle-market, single-property secured loans to large-scale, multiple-property and multistate credit facilities.
Along with negotiating loans, our real estate team assists private equity funds in making large, complex acquisitions. We negotiate institutional investor fund investments, assist in forming joint ventures between funds and operating partners, and help negotiate property purchases, sales, and leases. Managing transactions and ongoing real estate portfolio matters that span multiple jurisdictions and several practices is part of our core services.
We advise colleges and universities on residential, commercial, and other mixed-use issues in their growing real estate holdings. Our team assists on projects like research and development facilities, laboratories and vivariums, technology hubs, data centers, office and collaborative working environments, recreational spaces, hotels and residences, and other mixed-use project components.
For nonprofit and for-profit enterprises, we help with acquiring, selling, permitting, leasing, ground-leasing, and financing real estate assets and property portfolios. We counsel on-site acquisition and development of student housing facilities, headquarters buildings, and other related projects. Other tasks entail the purchase and sale of manufacturing and laboratory facilities; leasing and subleasing offices and other buildings; and handling development issues affecting university-owned land, research sites, medical offices, and other healthcare-related real estate.
Particular areas of concentration include life science–focused real estate, where we work with clients regarding compliance with federal and state regulations, and technology-focused real estate, with its specific demands on building infrastructure. We advise colleges and universities on issues surrounding green building and sustainable development, and counsel clients on how to achieve LEED and Energy Star certifications.
Our real estate team works with regional and national developers and a broad collection of institutional owners, municipalities, and public agencies. Common tasks include providing transactional, due diligence, entitlement, compliance, and advisory services. Our development work includes counseling on:
Working closely with our corporate and finance lawyers as well as our tax lawyers, our real estate team counsels stakeholders in how to creatively develop and leverage their real estate holdings while managing and mitigating risk. Our experience enables us to cover all aspects of an issue, offering advice on strategies, priorities, and preferred transaction methodologies to principals involved in development deals.
Morgan Lewis real estate lawyers handle such matters as securing permits and approvals, city and county development agreements, land use entitlements, utility right-of-way issues, property valuation issues, water supply compliance, and negotiation and settlement with various environmental organizations. Our lawyers are well versed in the requirements of sustainable development, adaptive reuse, and infrastructure and water law.
Active firm clients include those in power generation as well as utility providers in the wind, coal, gas, solar, and gas-solar hybrid sectors. We counsel clients on US National Environmental Policy Act (NEPA) compliance with permits for use and development of federal lands for energy-related generation and transmission. Our practitioners consult local counsel to develop land use and zoning strategies for clients, providing us with an on-the-ground perspective.