Real Estate
The Real Estate Practice Team provides representation and advice to commercial real estate, finance and other industries. Representation includes all types of real estate sales and acquisitions, secured transactions, property development, commercial leasing, and all other aspects of real property and related finance law. Our attorneys provide analysis, advice and counsel regarding the structuring of real estate transactions and related financing arrangements, including mortgage and other secured transactions. Adams and Reese LLP also provides a full range of title insurance services. In Louisiana and Alabama these services are provided through the firm's wholly owned title insurance agencies, Adams and Reese Title, LLC doing business as St. Clair Title and Adams and Reese AL Title, L.L.C.
AREAS OF PRACTICE
The Real Estate Practice Team provides representation and advice in the following non-exclusive areas:
- Negotiation, documentation and closing of sales, acquisitions and related financing of commercial, industrial, forestry and agricultural properties.
- Other types of real estate transfers, including sale/leaseback transactions, tax free exchanges and donations.
- Representation of both lenders and borrowers in all types of secured transactions, including mortgage and deed of trust transactions, and construction and permanent financing.
- Documentation of all types of secured transactions involving real property, including loan agreements, security agreements, and any and all other documentation related to such secured transactions, and the closing of such secured transactions.
- Foreclosures and deeds in lieu of foreclosure.
Property Development and Construction
Representation of developers and lenders in all aspects of the development of industrial, commercial and residential real property, such as:
- Zoning and land use issues.
- Construction law and related lending and development issues.
- Governmental approval for all types of real estate development.
- Due diligence issues, including title, environmental, and survey issues.
- The Real Estate Team has licensed title insurance agents on staff in offices in Louisiana, Mississippi and Alabama to provide a full range of title insurance services.
- Adams and Reese LLP, St. Clair Title, and Adams and Reese AL Title, L.L.C. are authorized title insurance agents for several major national title insurance underwriters.
- Negotiation and documentation of lease transactions and related documentation from both the landlord and tenant's perspective.
- Representation of lenders in leasehold-secured transactions and other lending transactions involving leased property.
- Landlord/Tenant relationships, including lease default and eviction litigation.
Management and Operation of Commercial, Residential, Agricultural and Forestry Property
- Management of leased commercial and multi-family properties.
- Establishment and operation of homeowners associations, condominium owners associations, and related management and operation of common elements.
- Management and operation of agricultural properties and timberlands.
Other Real Estate-Related Services and Practice Areas
- Creation of all types of business entities in connection with real estate ownership and development, including corporations, limited liability companies, partnerships, joint ventures and limited partnerships.
- Condemnation, expropriation and eminent domain actions.
- Utilities, telecommunications issues, and related regulatory issues.
- Federal and state regulation of real estate, including Americans With Disabilities Act, RESPA, and Truth in Lending Act issues.
- Easements and servitudes.
- Tax assessments, tax disputes and tax sales.
- Real Estate Brokerage Laws.
- Litigation concerning title issues, including adverse possession, boundary disputes, tax sale disputes, eminent domain, title issues, and quieting and confirming title.
INDUSTRIES SERVEDLending and Finance
Real Estate Development
Construction
Forestry and Timber
Property Management
Energy
Communications
Title Insurance
Manufacturing
Gaming
REPRESENTATIVE MATTERS
The Real Estate Practice Team has represented clients in a wide variety of transactions and acquisitions including:
- Representation of a publicly traded Real Estate Investment Trust in the acquisition and financing of two (2) major class A office buildings in downtown New Orleans, Louisiana, for $140 million.
- Representation of purchasers of timberlands, including the acquisition of over 400,000 acres of timberland in Mississippi, Louisiana, and Tennessee.
- Representation of owners of timberlands in obtaining senior and mezzanine credit facilities in excess of $400 million.
- Representation of purchasers of timberlands in Texas (including 30,000 acres and 60,000 acres) and Oklahoma (including 90,000 acres).
- Representation of a major multi-family housing developer in the acquisition of a 97 acre tract of land and the development thereof over a period of four years into a 496-unit multi-family housing development constructed in two phases, a residential subdivision, a major retail site, and a public park.
- Representation of a shipbuilder in its acquisition of five (5) shipyard facilities in Louisiana and Texas, and the simultaneous refinancing of nine (9) additional shipyard facilities.
- Representation of a manufacturer in the purchase of carbon dioxide producing properties for $45 million.
- Representation of a publicly traded gaming and entertainment client in the confirmation of its Chapter 11 Bankruptcy Reorganization Plan and post-petition refinancing of existing debt, and related real estate work pertaining to a major land-based casino gaming facility.
- Representation of a client developer in the re-development of the Desire Housing Project in New Orleans through a H.U.D. Hope VI Grant and additional construction and tax creditor investor financing.
- Representation of a corporation in the acquisition of a leasing company in a transaction valued at $13 million.
- Representation of a municipality interest in the leasehold acquisition and financing of a major aircraft maintenance facility.
- Representation of a lender in the refinancing of $12 million motel construction in Florida.
- Representation of a federal court receiver in the negotiation and sale of an oil and gas gathering system, pipeline and port terminal.
- Representation of a client in connection with its $10 million acquisition of a producing property in Hub Field, Marion County, Mississippi.
- Representation of a client energy company in its acquisition of a 173-acre industrial site for development into a shipping terminal and commodities storage facility on the Mississippi River near New Orleans.
- Development of a residential community from acquisition of property, approval of plats, amendments to zoning ordinances, contracting for improvements, obtaining of financing and sales of property.
ABOUT OUR TEAM
The members of our Real Estate Practice Team have been involved in the sale, acquisition, financing, development and/or operation of hotels, multi-family housing developments, shopping centers, office buildings, timberlands, planned residential and golf communities, retail developments, condominium developments, office parks, university buildings, medical facilities, oil refineries, shipping terminals, and other commercial and industrial properties. They serve on various real estate-related associations and civic groups. Several of our attorneys and staff members are also licensed title insurance agents. Our attorneys are licensed in most states in the South Central Region and coordinate multi-state transactions from our offices in Texas, Louisiana, Mississippi and Alabama.
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CONTACT ATTORNEYPatricia B. McMurray (225) 336-5200 patricia.mcmurray@arlaw.com
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