Boulder 303.448.8848 | L.A. 310.477.6071

Deals We've Done

Our attorneys have a broad range of experience negotiating sophisticated commercial real estate transactions. Some past deals include:

PURCHASES & SALES

Transactions ranging in price from $800,000 to $35,000,000, including:

  • Purchase of a 12,000 square foot office building for $4,000,000 for a non-profit organization’s headquarters
  • Purchase of a 14,000 square foot office building for $5,000,000 for an owner-user with additional investors, including the negotiation of a tenancy-in-common ownership agreement
  • Purchase of a 28,000 square foot shopping center for $9,500,000 for an investor group
  • Purchase of raw land for the development of a 33-unit condominium for $7,000,000 for a developer
  • Purchase of a 250,000 square foot shopping center for $30,000,000 in a transaction involving the assumption of a securitized loan.  The property was acquired by multiple entities under a tenancy-in-common ownership structure created to accommodate Section 1031 tax deferred exchanges and the lender’s bankruptcy-remote entity requirements.
  • Purchase of a 51,000 square foot office building for $15,400,00 in a Section 1031 tax-deferred exchange with $2,000,000 seller financing
  • Sale of a lender-owned portfolio of 80 free-standing retail buildings in individual transactions ranging from $800,000 to $1,800,000. Legal work included developing standardized documentation and compromise provisions to enable quick negotiations, conducting a pre-sale assessment of each property for title, environmental and physical defects and proactively correcting those items deemed an impediment to sale.
  • Sale of adjacent office and warehouse buildings for $6,000,000 in two separate transactions. Both properties were environmentally impacted and the transactions closed with environmental insurance policies.
  • Sale of two multi-family residential apartment complexes in two separate transactions for $35,000,000
LEASES

Representation of landlords, tenants, sublandlords, subtenants, assignors and assignees in transactions ranging from 800 to 400,000 square feet for office, medical office, retail, industrial and flex properties, including:

  • 4,200 square foot restaurant lease
  • 5,000 to 10,000 square foot leases for national retail tenants in premiere regional shopping malls
  • 14,600 square foot office lease
  • 26,000 square foot multiplex cinema lease
  • 38,000 square foot medical research laboratory and office lease
  • 56,000 square foot industrial/manufacturing lease
  • 115,000 square foot office and retail portfolio – prepare and negotiate leases on behalf of the landlord
  • 285,000 square foot build-to-suit lease for a manufacturing/corporate office facility – tenant representation
  • 400,000 square foot lease for a state-of-the-art logistics distribution center – tenant representation
  • 750,000 square foot medical office building portfolio – prepare and negotiate leases on behalf of the landlord
  • 1,600,000 square foot shopping center portfolio – prepare and negotiate in-line and anchor-tenant leases on behalf of the landlord
LOANS

Negotiation of loan commitments and loan documentation in connection with acquisition financing and refinancing for commercial properties, including:

  • $1,350,000 construction loan from a private lender for the renovation of an apartment building
  • $2,000,000 SBA loan from an institutional lender for the acquisition of an industrial building for an owner/user
  • $3,900,000 construction loan from an institutional lender for the renovation of an office building, including interest rate swap, note, construction loan, completion guaranty, commercial guaranty, and hazardous substance indemnity agreements
  • $4,200,000 acquisition loan from an institutional lender for the purchase of an apartment building
  • $10,600,000 refinancing of a flex space/laboratory building with significant negotiations of the reserve-requirement provisions.
  • $21,000,000 loan assumption for the purchase of a shopping center with required single purpose entity formation, limited recourse guarantees, note and deed assumption agreements, and legal opinions
  • $27,500,000 CMBS loan for the refinancing for a shopping center, including the defeasance of an existing $17,500,000 loan, with legal opinions and rate lock, loan, cash management, deposit account control, and hazardous substance indemnity agreements

 

ARCHITECTURE / CONSTRUCTION

Preparation and negotiation of agreements for ground-up construction, building renovations, and tenant improvements, including:

  • Design-Build agreement for tenant improvements for an 8,000 square foot office
  • Architect agreement and cost-plus construction contract for a $6,000,000 residential renovation
  • Construction contract on a cost-plus basis with a guaranteed maximum price for a $2,500,000 office building renovation
  • Construction management agreement for a $2,400,000 office tenant improvement project
  • Architect agreement and construction contract for a 320,000 square foot parts distribution center for an automobile manufacturer
  • Building architect, landscape architect, structural engineer, electrical engineer, mechanical engineer, civil engineer, geotechnical engineer, and shoring agreements for the development of a 33-unit residential condominium building with 3 levels of subterranean parking and a six-story structure
OTHER TRANSACTIONS

Property management agreements, including:

  • Property management agreement for the owner of a 51,000 square foot office building with an annual rental income of $1,300,000
  • Property management agreement for the owner of 5 apartment buildings with 233 units and an annual rental income of $2,750,000
  • Property management agreement for the owner of a 250,000 square foot shopping center with an annual income $3,200,000

Broker listing agreements for the lease and sale of commercial property, including:

  • Listing agreement on behalf of the owner for the leasing of a 56,000 square foot office building
  • Listing agreement on behalf of the owner for the sale of a 18,000 square foot industrial building
  • Listing agreement on behalf of the broker for the lease of two industrial buildings containing over 250,000 square feet

Title and survey review for all acquisitions, including:

  • Verifying the insured legal description
  • Modifying or removing title exceptions
  • Negotiating title endorsements

Angel Law Offices deals with many issues related to commercial real estate transactions. If your transaction or issue is not described on this page, please contact us for more information.

What Our Clients Say

“Rick Angel has a rare ability to distill complex legal issues down to understandable layman’s terms and frame their bottom-line business impact.”

Robert Kleiman, President, Structure Development Corporation

“Rick Angel stands out as one of the most intelligent, most effective and most talented commercial real estate lawyers I have ever dealt with.”

Christopher Bonbright, Principal, Avison Young

“A master of clear communication, Rick Angel’s intelligence, integrity, and incredible work ethic inspire trust and confidence from day one.”

Jennifer Denton, CEO, Colorado State University Pueblo Foundation

“Angel Law Offices took time to understand our business needs and priorities, make sound recommendations, and understand when an issue was worth a dollar versus a dime.”

Walter Knapp, CEO, Zovrn Internet Publishing Company

“Rick Angel’s legal and business knowledge of real estate and negotiation skills made the lease and subsequent sale of my office building smooth, successful, and effortless.”

Kip Shuman, Esq., The Shuman Law Firm

“Rick Angel helped me negotiate a rather difficult commercial lease. He is ridiculously efficient, he listens attentively, and his results are flawless.”

Amy Lee, Owner, Enrgri Fitness