CareersReal Estate Development
Real Estate
Practice Group Leader
Tyler S. Bobes, Chair
Tyler’s practice is national in scope, and he serves as a trusted advisor to publicly traded companies, Real Estate Investment Trust (REITs), private equity funds, lenders, family offices and other private and public developers and owners of commercial real estate.
216.928.2891
Our Proven Real Estate Development Services
Walter Haverfield attorneys provide counsel during every step of the development process. Prior to construction, we not only prepare all necessary construction agreements, we also help clients with financing and negotiating term sheets with the chosen lender. Our relevant and proven experience to additionally help clients identify and qualify for various government incentives allows us to negotiate terms with any number of government entities, including port authorities, and state and local governments.
As projects near completion, we provide counsel and prepare lease agreements and loan closing documents—everything that is necessary for the project to realize its full potential.
Real Estate Development Team
Experience
- Representing borrowers in new loan transactions, defeasance, and assignments of loans
- Representing a public non-traded REIT in the redevelopment of a regional mall in Northeast Ohio
- Representing lenders in construction and permanent loan transactions, forbearance agreements, and workouts
- Representing NYSE-listed REIT and privately-held companies in connection with ground-up developments and re-developments of shopping centers in multiple states
- Representing of owners and developers, corporations, lending institutions, nonprofit institutions, and individuals in complex commercial real estate transactions
- Drafting and negotiating easement and license agreements, including reciprocal easement agreements, utilities easements, ingress and egress easements, and declarations of easements, restrictions, and conditions
- Counseling and assisting clients on land assemblage and ground-up developments
- Reviewing and analyzing surveys, title commitments, and other due diligence materials in several jurisdictions
- Counseling clients in purchasing, selling, leasing, financing, and developing real property for retail, industrial, office, and residential use
- Negotiating loan documentation for both borrowers and lenders for construction financing, permanent and mini-perm mortgage-based financing, mezzanine financing, and asset-backed financing transactions
- Representing a regional manufacturer in refinancing of operating loan facility secured by a 30-site real estate portfolio consisting of owned and leased properties located in Tennessee, Kentucky, Indiana, and Illinois
- Representing a national manufacturer in the sale and simultaneous lease-back of four manufacturing facilities located in California, Kansas, Minnesota, and Texas and associated financing in connection with the sale-leaseback transaction
- Representing regional shopping center developer in connection with CMBS and Life Insurance Company financing for various portfolio properties, including defeasance of existing mortgage financing
- Representing a local real estate investor in connection with various aspects of multi-layer financing for investment in Cleveland area multi-phase mixed-use office, retail, restaurant, and residential development, which included bond financing, traditional real estate loans, and private equity investment in the project
- Representing the county in connection with the proposed sale of multi-building complex in Cleveland through sealed bid process
- Representing a manufacturing company in connection with site selection, governmental incentives, permits, development, property acquisition, and bond financing for industrial development in Columbiana County, Ohio
- Representing developers in the acquisition, construction, and development of multi-use properties, including ground-up and redevelopment construction
- Counseling leading regional developers, coordinating a broad range of residential and commercial real estate matters from lease disputes and terminations, to eviction, amendment, modification, and renegotiation
- Counseling and negotiating acquisition, construction mini-perm and non-recourse financing transactions, including within tax-credit structured transactions.
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