Real Estate

Corporate, Real Estate and Taxation

For California State Automobile Association's San Francisco Headquarters: JMBM attorneys negotiate sale and leaseback

SAN FRANCISCO – February 8, 2008—Jeffer, Mangels, Butler & Marmaro LLP (JMBM), one of California’s foremost full-service law firms, has announced that a team comprised of their Real Estate, Corporate, Finance, Tax and Land Use attorneys advised the California State Automobile Association (CSAA) in a complex sale and leaseback transaction that allowed for the sale […]

Bankruptcy and Real Estate

For CMR Commercial Mortgage Fund LLC: JMBM closes $25.5 million debtor-in-possession loan on mixed-use property in Las Vegas

SAN FRANCISCO – December 12, 2007 – Jeffer, Mangels, Butler & Marmaro LLP (JMBM), one of California’s foremost full-service law firms, today announced that on behalf of its client, CMR Commercial Mortgage Fund LLC, the Firm closed a $25.5 million loan to Nevada Towers, a Chapter 11 debtor-in-possession. The loan is secured by a first […]

Real Estate

For Arden Realty: JMBM Closes 5.9 Million-Square-Foot Real Estate Purchase

LOS ANGELES – August 15, 2007 – Jeffer, Mangels, Butler & Marmaro LLP (JMBM), one of California’s foremost full-service law firms, today announced that it closed a 5.9 million-square-foot real estate transaction for its client, Arden Realty Limited Partnership, from affiliates of Blackstone Real Estate Acquisitions V LLC. The portfolio of office buildings in the […]

Bankruptcy, Creditors' Rights and Real Estate

JMBM assists CMR Mortgage Fund LLC in closing a nearly $100 million loan to out-of-possession debtor in a Chapter 7 bankruptcy

On behalf of its client, CMR Mortgage Fund, LLC (CMR), of San Francisco, California, Jeffer, Mangels, Butler & Marmaro LLP (JMBM), a California full-service law firm with expertise in complex real estate sales, financings, work-outs, and bankruptcies, has closed a nearly $100 million loan to Halekua Development Corporation (Halekua), an out-of-possession debtor in a Chapter […]

Real Estate

Getting Results – An unprecedented development agreement – Real Estate

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 […]

Real Estate

Getting Results – Financing for a pioneering transaction

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 […]

Real Estate

Getting Results – A major industrial project, from start to finish

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 […]

Real Estate

Getting Results – Bringing a property out of bankruptcy

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 […]