After precedent-breaking litigation, JMBM client, United Rock Products Corporation, and the City of Irwindale, California reached agreement to extend the life of the Irwindale quarries for 25 years. The transaction is most notable for the creation of a joint powers authority between the City of Irwindale and the Irwindale Reclamation Authority, the first such arrangement […]
When a leading New York developer wanted to pursue its first California venture, JMBM was the Firm of choice for the deal financing. We closed the senior debt portion of the capital financing for our commercial lending client, HSBC, on the new $330 million Wilshire Carlyle luxury condominium tower. The 24 story, 78-unit crescent-shaped tower […]
JMBM represented both the developer and the investment fund providing the financing for a California project that was one of the largest industrial properties ever built on spec. We helped our clients form a joint venture for building the 1.7 million square foot facility, handled the acquisition of the land, and closed the nine-figure sale […]
On behalf of our client California Mortgage and Realty’s CMR Mortgage Fund, JMBM real estate and bankruptcy lawyers closed a nearly $100 million loan to Halekua Development Corporation, an out-of-possession debtor in a Chapter 7 bankruptcy case. The loan enabled Halekua to redeem from its bankruptcy estate approximately 161 acres of land known as Royal […]
We closed a 5.9 million square-foot real estate acquisition for longtime client Arden Realty Limited Partnership. The portfolio of office buildings in the purchase spanned six West Coast markets, including San Francisco, Orange County, San Diego, Seattle, Portland and Salt Lake City. The challenging transaction involved more than two months of intensive legal work to […]
JMBM land use and government lawyers obtained approvals for the construction of a 1.5 million square foot retail and entertainment complex in San Francisco, part of the Westfield San Francisco Centre. The project included the preservation of the dome and façade of the former Emporium building, expansion of a Redevelopment Project Area and extensive negotiations […]
JMBM represented a major Japanese corporation as owner of a luxury Los Angeles hotel in multimillion-dollar construction defect litigation against one of the world’s largest hotel chains as the developer, as well as multiple contractors. In pursuing the claim, our lawyers coordinated numerous experts and consultants to advise on all elements of construction—from the roofs […]
JMBM lawyers are skilled at resolving special zoning or other use restriction problems that complicate construction projects. On behalf of a developer client, we obtained the first successful approval under the new Los Angeles Mixed Use Ordinance for a project that included 540 apartments and 27,000 square feet of commercial space. In another instance, we […]
A JMBM team representing real estate, construction, corporate, tax and land use capabilities advised the California State Automobile Association (CSAA) in a complex sale and leaseback transaction that allowed the organization to successfully move to new headquarters. We first advised CSAA in their negotiations for a 255,000 square-foot, six-story build-to-suit lease with a purchase option […]
JMBM’s attorneys have successfully resolved lawsuits in federal, state and probate courts, as well as through arbitration before AAA, JAMS, and FINRA. Examples of our attorneys’ experience include the following: For Fiduciaries Represented a corporate fiduciary in litigation relating to investment management, alleged breach of fiduciary duties, duty to assert apparent undue influence, and environmental […]