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Cooley attorneys handle the acquisition and disposition of all types of commercial real property, including office buildings, hotels and resort properties, shopping centers, health care facilities, mixed-use projects, residential developments, industrial and manufacturing facilities and corporate headquarters.
Our attorneys are experienced in devising and negotiating tax-efficient ownership and joint venture structures for developers and investors in real estate, often involving numerous layers of debt and equity.
Representative transactions include advising:
- Caribbean Property Group and its financial partners in the largest real property transaction in Puerto Rico's history – the sale of 15 open-air and enclosed shopping centers and malls for over $1.3 billion. Prior to the sale, we represented Caribbean Property Group in its acquisition of these properties, which total nearly 5 million square feet, in three separate portfolio transactions.
- A leading private equity firm in its acquisition of a number of significant real estate assets in Puerto Rico, including:
- Dorado Beach Resort, a $1 billion redevelopment with two premium hotels, four championship golf courses and nearly 1,000 luxury residential units.
- The Ritz Carlton San Juan Hotel, Spa and Casino.
- The Radisson Ambassador Plaza Hotel & Casino.
- The Normandie Hotel.
- A warehouse/distribution center portfolio consisting of over 2.25 million square feet in 20 buildings in five planned parks.
- Equastone, a private equity real estate firm, in its acquisition and sale of more than 50 office buildings nationally that encompass more than 8.5 million square feet for aggregate consideration in excess of $1 billion, including its $382-million acquisition of a portfolio of 13 office buildings in Dallas, Texas.
- A leading mortgage REIT in the disposition of its interests in 450 West 33rd Street, Manhattan, for $664 million in consideration.
- A well-known Real Estate Investment Fund in its acquisition and related financing of a number of leading resort properties in Central America and the Caribbean, including:
- The Aruba Marriott and Stellaris Casino, a 413-room resort with Aruba's largest casino, in one of the largest single-asset transactions in Caribbean lodging history.
- The Royal DeCameron Beach Resort & Casino, an 820-room, all-inclusive resort with 182 villas and an 18-hole golf course in the Farallon Region of Panama.
- The Fiesta Premier Resort & Spa, a 202-room, five-star resort, subsequently converted to a Hilton resort, and the Fiesta Resort & Casino, a 404-room, four-star resort, subsequently converted to a Doubletree Resort, both in Costa Rica.
- A Courtyard by Marriott portfolio, comprised of limited service hotels in Port of Spain, Trinidad; San Jose, Costa Rica; and Santo Domingo, Dominican Republic.
- Dupont Fabros Technology, Inc., a leading owner, developer, operator and manager of wholesale data centers, with the acquisition of its data center site portfolio, consisting of over 220 acres of land across 10 sites in Northern Virginia, Chicago, California and New Jersey.
- Macerich East Development, a leading commercial real estate firm, on the acquisition, financing, land use and entitlement issues associated with one of the country's largest, most successful and high-profile shopping centers, Tysons Corner Center Mall, in Fairfax County, Virginia.
- Menlo Equities, a real estate investment and development firm, with its acquisition and financing of more than 4.5 million square feet of office, industrial and R&D space in Silicon Valley, San Diego, Irvine and Orange County, California.
- Realty Income Corporation, a publicly traded REIT, in connection with various portfolio acquisitions.
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