LOS ANGELES – July 31, 2019 – Global law firm Greenberg Traurig, LLP represented an affiliate of Mosaic Real Estate Investors, a commercial real estate debt platform and investor, in connection with a $460 million construction loan to affiliates of BDC Development and Walter C. Bowen for the development of the Ritz-Carlton Project in downtown Portland, Oregon.
According to Mosaic, once completed, the project is expected to include the Ritz-Carlton Residences, a private subdivided condominium parcel including 138 private condominium residences; the Ritz-Carlton Hotel, a 251-room five-star hotel consisting of 383,895 square feet; and roughly 184,000 square feet of Class A office space.
Greenberg Traurig’s deal team was led by shareholder Michael H. Davis and included shareholders Peter C. Kelley, Jonathan I. Lessner, and Lawrence H. Brenman; associates Sarah C. Brenner, Scott R. Szkolnik, Bryant K. Lee, Randall E. Allen, and Dillon R. Colucci; and paralegals Kate Cregor and Trish Lamb.
Davis’s practice experience includes representing real estate funds, REITs, institutional and non-institutional real estate investors, developers, operators, and financial institutions in a broad range of matters including senior, mezzanine, construction, bridge, and secondary market financings; commercial leasing, including ground leasing, retail, restaurant, industrial and office leasing; forming and representing joint ventures and negotiating joint venture agreements; acquisitions and dispositions of a variety of real estate asset classes including multifamily, office, retail, student housing, self-storage, industrial senior housing, hotels and resorts, timeshares and condominiums; and structuring and representing real estate private equity funds.
About Greenberg Traurig's Real Estate Practice: The Greenberg Traurig Real Estate Practice is a cornerstone of the firm and recognized leader in the industry. The firm’s real estate attorneys deliver diversified and comprehensive counsel for property acquisition and investment, development, management and leasing, financing, restructuring, and disposition of all asset classes of real estate. The team draws upon the knowledge and experience of more than 400 real estate lawyers from around the world, serving clients from key markets in the United States, Europe, the Middle East, Latin America and Asia. The group’s clientele includes a broad range of property developers, lenders, investment managers, private equity funds, REITs, and private owners. The firm’s real estate team advises clients on a variety of matters across a broad spectrum of commercial, recreational, and residential real estate, including structured equity and debt and the hybrids.
About Greenberg Traurig: Greenberg Traurig, LLP (GT) has approximately 2,100 attorneys in 41 locations in the United States, Latin America, Europe, Asia, and the Middle East. GT has been recognized for its philanthropic giving, diversity, and innovation, and is consistently among the largest firms in the U.S. on the Law360 400 and among the Top 20 on the Am Law Global 100. Web: www.gtlaw.com Twitter: @GT_Law.
According to Mosaic, once completed, the project is expected to include the Ritz-Carlton Residences, a private subdivided condominium parcel including 138 private condominium residences; the Ritz-Carlton Hotel, a 251-room five-star hotel consisting of 383,895 square feet; and roughly 184,000 square feet of Class A office space.
Greenberg Traurig’s deal team was led by shareholder Michael H. Davis and included shareholders Peter C. Kelley, Jonathan I. Lessner, and Lawrence H. Brenman; associates Sarah C. Brenner, Scott R. Szkolnik, Bryant K. Lee, Randall E. Allen, and Dillon R. Colucci; and paralegals Kate Cregor and Trish Lamb.
Davis’s practice experience includes representing real estate funds, REITs, institutional and non-institutional real estate investors, developers, operators, and financial institutions in a broad range of matters including senior, mezzanine, construction, bridge, and secondary market financings; commercial leasing, including ground leasing, retail, restaurant, industrial and office leasing; forming and representing joint ventures and negotiating joint venture agreements; acquisitions and dispositions of a variety of real estate asset classes including multifamily, office, retail, student housing, self-storage, industrial senior housing, hotels and resorts, timeshares and condominiums; and structuring and representing real estate private equity funds.
About Greenberg Traurig's Real Estate Practice: The Greenberg Traurig Real Estate Practice is a cornerstone of the firm and recognized leader in the industry. The firm’s real estate attorneys deliver diversified and comprehensive counsel for property acquisition and investment, development, management and leasing, financing, restructuring, and disposition of all asset classes of real estate. The team draws upon the knowledge and experience of more than 400 real estate lawyers from around the world, serving clients from key markets in the United States, Europe, the Middle East, Latin America and Asia. The group’s clientele includes a broad range of property developers, lenders, investment managers, private equity funds, REITs, and private owners. The firm’s real estate team advises clients on a variety of matters across a broad spectrum of commercial, recreational, and residential real estate, including structured equity and debt and the hybrids.
About Greenberg Traurig: Greenberg Traurig, LLP (GT) has approximately 2,100 attorneys in 41 locations in the United States, Latin America, Europe, Asia, and the Middle East. GT has been recognized for its philanthropic giving, diversity, and innovation, and is consistently among the largest firms in the U.S. on the Law360 400 and among the Top 20 on the Am Law Global 100. Web: www.gtlaw.com Twitter: @GT_Law.