The Real Estate Group of Barack Ferrazzano Kirschbaum & Nagelberg LLP has been a cornerstone of the Firm since its founding. We have earned the reputation as one of the premier real estate practices in the country, having been recently recognized by Chambers and Partners as among the top tier of real estate practice groups. The combined experience of Barack Ferrazzano’s real estate attorneys encompasses virtually every aspect of real estate transactions, including the acquisition, development, leasing and sale of properties; the investment in, and financing of, real estate; and the restructuring of debt. Our attention to market realities and focus on business issues in formulating legal solutions results in value-added services for our clients. Barack Ferrazzano’s clients include publicly traded real estate investment trusts, private entrepreneurs, money center banks and other institutional lenders, pension fund advisors, private investment funds and other institutional investors, real estate developers and contractors, not-for-profit corporations, governmental agencies and other domestic and foreign owners of real estate in the United States.
Real Estate Acquisitions & Dispositions
Barack Ferrazzano represents a broad range of owners and investors in buying and selling real estate and real estate-related interests. The real estate transactions we have been involved in include the acquisition and disposition of thousands of office, retail, housing, hotel, mixed-use and industrial buildings in geographic locations throughout North America. We have represented Fortune 500 and other publicly traded companies and private investors in large portfolio acquisitions and sales, in the implementation of structures to permit tax-free exchanges, and in investments involving public and private funds. We have developed a network of relationships with other professionals in the real estate industry throughout North America, which allows us to provide efficient and comprehensive legal representation.
Real Estate Finance
One of the core strengths of our Real Estate Group is its extensive experience in real estate finance transactions. We represent lenders and borrowers in a wide variety of loans and credit facilities secured by assets in various sectors, including industrial, office, retail, mixed use and healthcare. Barack Ferrazzano’s representation in this area spans the full range of financial legal services, including the structuring, negotiation and documentation of new and refinanced credits and investments. Our attorneys have successfully handled transactions involving real estate secured loans and commercial mortgage-backed securities, structured financing, syndicated credit facilities, subordinate and mezzanine debt, letters of credit and bond financing (including industrial development, housing and IDFA bonds). Several of our real estate attorneys have extensive experience with Shari’ah-compliant financing techniques. Our depth of experience and our relationships and familiarity with many financial institutions enable us to apply a highly efficient approach to complex credit facilities, including syndicated credit arrangements.
Barack Ferrazzano's commercial leasing practice includes attorneys with in-depth experience representing landlords and tenants of both single- and multi-tenant properties, including industrial, office, retail, healthcare and mixed-use properties. We handle leasing matters on a national basis for a number of clients, including leading international luxury goods retailers, publicly traded REITs, other publicly traded companies and high net worth private investors. We have developed lease templates and guidelines to enable our landlord clients to respond to changes in the leasing market in a timely fashion. We have extensive experience in build-to-suit transactions, ground leases, and leases for flagship retail properties. Our substantial experience in representing both landlords and tenants in leasing transactions has provided us with the ability to efficiently counsel clients in all matters of lease issues.
REITs (Real Estate Investment Trusts)
Barack Ferrazzano has extensive experience with REITs in numerous industries, including the industrial, office and healthcare sectors. The Firm acts as primary counsel to several REITs and its representation includes not only REIT formation (whether via an IPO or otherwise), capital markets transactions and creation of joint ventures with institutional investors, but also acquisitions, dispositions and leasing in connection with REIT operations. Our comprehensive experience in REIT representation extends beyond our real estate practice group and requires coordination and integration with other highly qualified practice areas within the Firm, including tax, corporate and securities.
Capital Market & Joint Venture
Barack Ferrazzano’s Real Estate Group has significant experience in structuring joint ventures with institutional capital providers on behalf of clients with real estate and development expertise. Our experience includes the structuring and formation of both joint ventures and co-investment programs on behalf of publicly traded companies, substantial private funds, and investment trusts. Among other matters, we have assisted in the procurement of subscription financing for joint ventures; negotiation of sale and leaseback transactions; and the tax-deferred contribution of substantial real estate assets, including industrial, office and healthcare properties.
Development & Construction
Barack Ferrazzano’s Real Estate Group has been involved in a broad range of construction and development projects on behalf of various parties, including owners, developers, lenders, contractors, architects and engineers. We have negotiated and documented numerous build-to-suit transactions (including on a build-to-suit lease or sale-upon-completion basis), including industrial, commercial, retail and mixed-use projects in locations throughout North America. We have crafted development and construction document templates for clients seeking to efficiently and effectively develop projects locally and on a national basis. We also have extensive experience in handling design agreements for complex projects and state-of-the-art facilities involving world-renowned design professionals.
Loan Workout & Restructuring
When secured loans or other investments involving real estate require restructuring, our real estate group applies its in-depth experience in restructuring and workout of troubled loans or investments to advising financial institutions, private equity funds and other lenders. Working in close coordination with our litigation, bankruptcy and corporate practices, our real estate attorneys provide comprehensive advice in addressing distressed credit matters. Our experience includes the restructuring or enforcement (through foreclosure where necessary or desirable) of mortgages and construction and mezzanine loans, as well as portfolio loans and syndicated secured credit facilities. The assets involved in such workout and restructuring transactions include all types of properties in locations throughout the country. We also have extensive experience in representing investors and private equity funds in the acquisition of distressed loan portfolios and similar investments.
Zoning & Land Use
Our zoning and land use practitioners have handled zoning, subdivision and land use matters throughout the country for both commercial and non-commercial developments. We have handled many zoning engagements involving the representation of communications and utility companies in contested zoning matters. Our practice in handling communications matters employs an interdisciplinary approach, which draws upon the experience of our real estate and litigation attorneys. Other representative matters include handling zoning permits for healthcare, residential and rehabilitation facilities.
Real Estate Litigation
Given that real estate is a principal focus at Barack Ferrazzano, our Litigation Group possesses a broad range of experience in handling real estate-related litigation matters. Our litigators are well-versed in the unique controversies involving real estate ownership, development, acquisition, disposition, leasing, foreclosures and bankruptcy, as well as matters involving zoning, condemnation, landlord-tenant, mechanics liens and easement issues. We also have had extensive experience in dealing with contested title insurance claims.
Consistently ranked among the top real estate practices nationwide, Barack Ferrazzano's real estate attorneys offer a high level of technical experience and strong business acumen in handling complex real estate transactions. For more than 20 years, partners in the real estate practice group have been teaching real estate law at Northwestern University School of Law. A number of partners are frequent speakers and authors on real estate topics, and have led national training seminars and training programs for commercial real estate lenders at some of the nation's top money center banks. Two of our partners are members of the American College of Real Estate Lawyers.
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- Chambers USA Recognizes Barack Ferrazzano Kirschbaum & Nagelberg LLP as Top Illinois Law Firm for 11th Consecutive YearMay 16, 2018
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