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“The practice is best known for its development work,
where it has [experience] in the full range of property types."
—Chambers USA
Clients with real estate development projects, both domestic and international, come to Blank Rome for counsel. Our real estate group has years of experience advising clients in their construction projects, and creating and negotiating the design and construction agreements, including for large “ground up” development projects in major markets across the country.
Select Engagements
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Joint venture between two New York–based entrepreneurs and a Pennsylvania-based New York Stock Exchange–listed home builder, in connection with the acquisition and pre-development, and construction financing of a major waterfront development site in Williamsburg, Brooklyn New York.
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A developer in a 272-unit, $100 million loft-style condominium project in Las Vegas, Nevada, including acquisition, joint venture formation, and construction and mezzanine financing.
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A major development company in connection with the development, financing and operation of a 31-story residential and commercial condominium tower being constructed on Philadelphia’s Avenue of the Arts. This $125 million project included 163 residential condominium units, as well as a state-of-the-art 350-seat theater to be operated by The Philadelphia Theatre Company, a 380 car parking facility and street-level restaurant operations.
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An international investment bank in connection with the construction of its global headquarters in New York City.
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Development of a 3,750 acre residential luxury game lodge and golf resort facility in the Warmbaths region of South Africa. We structured a complex equity investment vehicle to accommodate foreign investors from various countries.
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A purchaser of Two Liberty Place in Philadelphia in connection with the submission of the building to a condominium regime and related zoning matters.
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The real estate and related arrangements required by a major sports franchise to obtain economic assistance and other benefits from state and city governments and the Delaware River Port Authority in the development and financing of a new $350 million football stadium and $30 million practice facility.
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An international investment bank in the development of a 1.6 million square foot office building and related improvements in New Jersey, including a pier and ferry terminal, underground garage, park and site improvements.
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The developer of a major upscale shopping center in White Plains, New York, including negotiation of leases with a national retailer for a 183,000 square foot anchor lease, a national organic food supermarket for 35,000 square feet, and national restaurant chain for 11,800 square feet.
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The developer of a power center in Commack, Long Island to be leased to national big-box retailers, in connection with all development aspects of the project including preparation of reciprocal easement and related agreements.
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A Philadelphia-based developer in the leveraged acquisition of the RCA Building (also known as the Victor Building) from the Camden Redevelopment Authority in an historic tax credit transaction for conversion of the property to a mixed-use building providing 341 apartments and commercial office space.
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