Real Estate

Cooley advised Manchester Financial Group on the closing of a $425 million credit facility for the refinance of its Fairmont Austin Hotel.

Cooley represented Corporation and its affiliates in a $380 million synthetic lease/structured financing transaction for the construction of NVIDIA's new corporate headquarters in Santa Clara, California.

The property will consist of a 500,000-square-foot futuristic office campus on a 36-acre site in Santa Clara. The financing was made by a syndicate of 10 lenders, with Wells Fargo serving as lead arranger and administrative agent.

Founded in 1993, NVIDIA is a publicly traded global company with 9,000+ employees worldwide. NVIDIA has pioneered the art and science of visual computing, and its products and services address the gaming, enterprise, high-performance computing, cloud and automotive markets.

Cooley assisted PN Hoffman in acquiring and starting construction of "The Wharf" in Southwest DC. PN Hoffman is known for developing upscale condominium residences and mixed-use properties in the Washington, DC area.

The Wharf is a $2 billion, world-class, mixed-use waterfront development located on the historic Washington Channel. The $800 million first phase is scheduled to include 200,000 square feet of retail, 435,000 square feet of office, 140,000 square feet of cultural and performing arts space, a 680 key hotel, 240 condominiums and 648 apartment units. When complete The Wharf will feature approximately 3 million square feet of new residential, office, hotel, retail, cultural and public uses including waterfront parks, promenades, piers and docks.

Cooley real estate was able to position The Wharf as a key to accomplishing the major goal of reconnecting the city to its waterfront, providing DC residents with a world-class public destination. The project is promised to turn the area into a regional draw and economic hub with strong retail and restaurant markets. Mayor Vincent C. Gray is calling the Wharf "a truly transformative development that will help reconnect the waterfront to the rest of the District."

PN Hoffman & Associates, is one of Washington's premier developers of urban residential and mixed-use neighborhood transformation projects. Since its formation in 1993, PNH has successfully completed 35+ projects, including the first nationally recognized LEED-certified residential high rise in Washington.