$77 Million Loan on Las Vegas Shopping Center
CMBS Special Servicer
Representation of CMBS special servicer in enforcing rights and remedies in connection with a $77 million loan secured by a Las Vegas shopping center which has experienced an increased vacancy rate and plummeting shopping center value due to shifting consumer purchasing patterns.
Representation of B piece and special servicer clients, handling in excess of $130billion in 2.0 CMBSsecuritizations.
Representation of an energy company in its $9.45 billion all-cash acquisition of another energy company, resulting in the creation of the largest utility holding company in the United States.
Handled the sale of over 2,000 REOs, with aggregate purchase prices in the billions of dollars, through both the negotiation and closing of individual sales and the structuring and sale by auction of multiple properties. The largest was approximately $216 million, which was the sale of a major hotel...