Big firm sophistication. Small firm focus.

Real Estate

Kleinbard has a diverse group of real estate clients, from publicly-held, nationally recognized REITs, to local real estate entrepreneurs with transactions ranging from six figures to hundreds of millions of dollars. We pride ourselves on our problem-solving ability on behalf of these clients, while our deep experience in the industry provides the required technical expertise and practical counseling.

Our services to the real estate industry include:

• Buying, assembling, and selling raw land and high-rise buildings;
• Representing significant office, retail, and warehouse landlords and tenants in their leasing activity;
• Land planning, zoning, variances, and permitting for development, rehabilitation, and leasing;
• Real estate tax appeals and exemptions;
• Commercial and residential condominium creation and conversion;
• Dealing with environmentally affected property;
• Representing construction and permanent financing lenders; and
• Representing nonprofits and businesses in financing and refinancing transactions, including bond transactions.

Examples of our attorneys’ successes in representing clients involved in the real estate industry include:

• Represented a local developer in the acquisition and financing of a 2.3 acre parcel in Center City, Philadelphia, which will be redeveloped as townhomes, 150+ units of multifamily, parking and retail space.
• Representing an investment group in connection with the purchase, diligence and financing of approximately one $10+ million multifamily property in Philadelphia per quarter.
• Representing a nonprofit in connection with securing the purchase of a portfolio of properties from the Land Bank of Philadelphia, including obtaining zoning variances and drafting condominium documents.
• Assembling 10 properties for a regional big-box shopping center.
• Coordinating the sale and condominium conversion for development of an office building and the largest high-rise residential tower currently under construction in Philadelphia.
• Representing the City of Philadelphia in leasing the state-constructed Family Courthouse to the local judiciary.
• Negotiating the lease for the development of publicly-owned space surrounding Philadelphia’s iconic City Hall.
• Representing the lender for construction financing of a trophy, 40-story office tower in a major metropolitan area.
• Obtaining tax exemption retroactive for 14 years and providing significant financial support to a social service nonprofit entity.
• Purchasing environmentally contaminated property, and leasing and transferring it.
• Representing a shopping center developer in leasing to major tenants including PetSmart, Giant Stores, Circuit City, and Best Buy.
• Representing a Pacific Rim investor in purchasing a 50% interest in a major office building.
• Representing the conflict committee of a prominent real estate investment and management firm in evaluating related party transactions.
• Assisting a nonprofit obtain a federal grant, a portion of which to be utilized to build community development projects.
• Representing limited partners in a shopping center in a dispute with the managing general partner relating to breaches of fiduciary duties and contract claims.