The Firm is widely recognized in the Richmond community for its commercial real estate practice. This practice is as sophisticated as that of many larger firms as is evidenced by the Firm’s representation of local, regional and national developers, retailers, lending institutions, home builders, land owners, contractors, and real estate brokerage companies.

The Firm regularly provides commercial real estate services in the following areas:

ENTITY FORMATION

• Forming limited liability companies, limited partnerships and other entities for real estate acquisition and development
• Providing tax advice regarding entity selection

ACQUITISITONS, DISPOSITIONS AND FINANCINGS

• Representing buyers and sellers in the acquisition and disposition of real estate
• Representing borrowers and lenders in real estate-based financings including acquisition, construction and permanent financings
• Providing tax advice regarding real estate acquisitions, dispositions and sales

DEBT RESTRUCTURING

• Representing lenders and borrowers in restructuring real estate-based financings including recasting and forgiveness of debt and standby agreements

REAL ESTATE DEVELOPMENT

• Acquisition, development, leasing and sale of retail, office and residential developments
• Rezoning property and obtaining variances, special use permits and other permits and approvals in connection with real estate developments
• Closing transactions involving the sale of Historic Tax Credits

Typical transactions handled by the Commercial Real Estate Practice Group include:

• Leasing transactions for regional telecommunications company
• Restructuring a 25 million dollar loan portfolio for a private developer
• Serving as borrower’s Virginia counsel in the acquisition of an 18 million dollar shopping center in Chesterfield County, Virginia
• Representing an owner in the construction of a new medical office building at a large hospital in the Richmond metropolitan area
• Representing an owner in the development of a major shopping center in Chesterfield County, Virginia, including the syndication of investment limited liability companies and the negotiation of loans, leases, out parcel sales, and protective covenants
• Serving as Virginia counsel for a national discount retailer in connection with contract negotiations, land use development and site acquisition

The following attorneys work in the Commercial Real Estate Practice Group:

Fred J. Bernhardt, Jr.
Christina L. Hart
Cary A. Ralston
Kathleen N. Scott
David F. Bernhardt

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