Real Estate Development
For more than 35 years, The McKenna Long & Aldridge (MLA) Real Estate Development Team has represented developers and public agencies in all aspects of developing landmark mixed-use projects and master planned communities. Always striving to find win-win solutions, our vast experience gives us the ability to see all sides of a real estate transaction, regardless of size or complexity. We help clients identify the critical path and serve as skillfull and cost-effective problem-solvers, negotiators and facilitators.
We have a proven track record of successfully teaming with real estate industry leaders in the acquisition, entitlement, construction, sale, lease and financing of single-family, multi-family and condominiums, office and industrial buildings, retail shopping centers, mixed-use, redevelopment, historic restoration, and master-planned community projects. We serve a diverse client base, and represent individuals, corporations, and entities in both the public and private sectors, including:
- Real estate developers
- Lenders
- Investors
- Railroads
- Cities, Counties, Redevelopment and other local agencies
- School districts
- Investors
- Railroads
- Counties
- Housing authorities
- Transportation authorities
Public-Private Partnerships: Creating Alliances That Work
Some of the most challenging transactions in the real estate field involve public-private partnerships (P3). MLA’s experience in the legal and business aspects of real estate development, in government relations at the federal, state and local government levels, and in government policies, regulations, and opportunities, enables us to effectively guide clients in planning, negotiating and implementing successful P3 projects.
The firm's long history and depth of experience in working at the intersection of business and local, state and federal government gives us the ability to combine the roles of facilitator, technical advisor, and attorney in the P3 world. We understand the way government works inside and out.
We work closely with real estate investors, lenders and developers in dealing with public agencies in many areas, including:
- Land use
- Horizontal and vertical subdivisions
- Redevelopment
- Tax sharing
- Disposition and development agreements
- Environmental
- Economic development
- Bond financing
- Eminent domain
When it comes to real estate development, MLA offers steady support to clients—providing crucial guidance at every stage of land acquisition and entitlements. We’re side by side with clients through financing, construction, leasing and sales. Moreover, we work tirelessly to develop risk management programs with a focus on minimizing exposure to potential claims and liabilities.
Our range of specific project experience includes:
- Affordable housing
- Brownfields
- Commercial buildings
- Condominium conversions
- Condominiums
- Entitlement projects
- Environmental matters
- Historical restoration
- Independent power plants and associated facilities
- Like-kind exchanges
- Master planned communities
- Medical office buildings
- Mixed use
- Public improvements and infrastructure
- Rehabs
- Retail shopping centers
- Sales and leasing
- Subdivisions
Advisories
- April 6, 2011
- As real estate developers seek to maximize value by creating or redeveloping urban properties into high-density, mixed-use developments, concerns regarding autonomy of operations for each use, conflicts among the different uses, and financial constraints can arise. Three-dimensional subdivisions—airspace lots or parcels created vertically and horizontally within a building to establish separate legally transferrable lots—is a way of addressing all of these concerns.
- October 20, 2010
Publications
- Dissolving Community Redevelopment
- Receivers Maximize Value of Distressed Assets, While Saving Lenders Money
- What Happens When Joint Ventures Come Under Stress?
News
- Real estate powerhouse emerges
- Q&A With McKenna Long's Tony Canzoneri
- Developer Cited For Big Hazards