Overview

Schiff Hardin understands that an industry as broad and complex as real estate requires a multidisciplinary legal approach. That’s why we tap attorneys from practices across our firm to handle real estate matters, drawing on our deep experience in finance, construction, environmental law, taxes, public law, bankruptcy and workout, insurance, estate planning and litigation.

With offices in eight cities, our real estate work is national in scope. We represent developers, investors, publicly held companies, privately owned businesses, family offices, nonprofits and lenders, helping them with acquisitions, dispositions, financing, construction and related legal issues. Our services cover all types of commercial real estate projects, including industrial, retail, residential, hotel and mixed use.

We go beyond the traditional areas of real estate services, offering cutting-edge counsel in real estate-backed securities and other investment vehicles. We also have significant experience assisting both borrowers and lenders with a wide range of financing tools, such as sale and leaseback transactions, synthetic leases, and joint venture interests.

And when our clients encounter disputes, they rely on us for the abilities that have placed us on U.S. News & World Report’s 2017 “Best Law Firms” list for Real Estate Litigation.

Our services for real estate clients include:

  • Real estate development: We have particular depth in assisting clients with real estate development projects, both commercial and residential, including pre-construction work such as site acquisition, financing, and sales disclosures and continuing through planning, design, construction and post-construction matters.
  • Real estate finance: Our attorneys assist clients with complex types of financing as well as the restructuring of real estate financing in default, condominium conversions, and leasing and subleasing. We advise on deal structure, drafting and negotiating documentation, and we counsel clients in the formation and implementation of joint ventures and strategic alliances. We also work with governments to obtain necessary approvals and, where appropriate, various types of public funding.
  • Distressed real estate: In addition, continuing problems in today’s economy, owners and developers of real estate have their own unique problems that may restrain transactions and reduce value. Our attorneys provide the kind of smart, innovative and multidisciplinary legal counsel required to solve problems related to lending, restructurings and workouts, bankruptcies, and construction and environmental issues.
  • Leasing and subleasing: We represent a wide range of developers, landlords and tenants in office, retail and industrial leases. Our experience also includes negotiating sports stadium leases with major cities.
  • Syndication: We represent sponsors of real estate projects in connection with soliciting qualified investors to participate in the ownership structure.
  • Zoning and land use: Our team helps clients with all zoning and land use matters, including gaining approvals, drafting zoning relief ordinances, and negotiating agreements for improvements.
  • Real estate investment trusts (REITs): We work with REITs on a variety of issues, from the formation of trusts to financing to the acquisition and disposition of properties.
  • Affordable housing and community development: We work with nonprofits to find housing in areas of opportunity and construct homes for low- and moderate-income families.
  • Contract enforcement disputes: Disputes are common in the real estate industry, and our lawyers help defend our clients’ interests in the most effective and efficient manner, always investigating possibilities of mediation, arbitration and alternative dispute resolution.
  • Eminent domain and government takings: Our team represents developers and other private entities in seeking appropriate compensation when faced with eminent domain proceedings.
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2016 title insurance financial survey

Each year, New York partner Paul Mackey compiles a schedule of suggested "Maximum Risk" amounts for title insurance companies across the United States. MORE

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Schiff Hardin closes major financing of California multifamily property

Schiff Hardin represented an affiliate of Sterling American Property V L.P., a real estate opportunity fund, in the June 10, 2016 financing of the Waterstone and Corona Pointe Apartments in Riverside, California. The financing was completed with Wells Fargo Bank, National Association. The Schiff Hardin team was led by Marina Rabinovich (Real Estate – New York) and included Kaitlin Riley Duran (Real Estate – Chicago).

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Schiff Hardin closes $105MM loan secured by a regional mall in Salisbury, Maryland

Schiff Hardin represented an affiliate of Rouse Properties, Inc. in connection with the $105,000,000 loan made by The Huntington National Bank and secured by The Centre at Salisbury located in Salisbury, Maryland. The Schiff Hardin team was led by Marina Rabinovich (Real Estate – New York) and included William A. Goldman (Real Estate – New York).

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New Chicago restaurant opens to rave reviews

When Meg Sahs decided to open a restaurant with celebrity chef Sarah Grueneberg, she knew who to call. Schiff Hardin’s Bill Franzen, Jon Jurva, David Sattelberger, and Tom White advised the duo as they launched Monteverde Restaurant & Pastificio, a boisterous new Italian restaurant in Chicago’s famed West Loop. (Photo credit: Galdones Photography) MORE

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Schiff Hardin closes $75MM loan secured by a shopping mall in Springfield, Oregon

Schiff Hardin represented an affiliate of Rouse Properties, Inc. in connection with the $75,000,000 loan made by CIBC and secured by The Shoppes at Gateway located in Springfield, Oregon. The Schiff Hardin team was led by Marina Rabinovich (Real Estate – New York) and included William A. Goldman (Real Estate – New York).

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Schiff Hardin closes $170MM sale of Chicago office building

Schiff Hardin represented an affiliate of Sterling American Property V L.P., a major real estate opportunity fund, in the November 23, 2015 sale of an office building located at 200 West Adams in Chicago. The closing was valued at nearly $170 million. The Schiff Hardin team was led by Marina Rabinovich (Real Estate – New York) and included Kaitlin Riley Duran (Real Estate – Chicago).