Notable Transactions & Matters
COMMERCIAL REAL ESTATE
December 2009
Represented a Rhode Island based developer in the acquisition, leasing, and sale of a single user telecommunications retail site in Portsmouth, New Hampshire.
November 2009
Represented the seller of a prominent Newport, Rhode Island landmark to an international investment firm.
September 2009
Represented the developer in the acquisition, leasing, and financing of a fortune 500 retailer in Southwick, Massachusetts.
September 2009
Represented the seller of a historic landmark site to a prominent local developer in Roanoke, Virginia.
June 2009
Represented limited liability company client in the acquisition of a commercial property for the redevelopment of the property into a multi-use commercial development
June 2009
Represented RI developer in the acquisition, leasing and $13 million construction financing for a mixed use retail and residential development in Johnston, Rhode Island
April 2009
Represented a national real estate equity fund in the leasing of an approximately 80,000 square foot office building, and an approximately 130,000 square foot office building, to two separate high technology firms, in the Boston Metro West I-495 corridor
COMMERCIAL FINANCE
December 2009
Represented the owner/operator of 2 office buildings in Providence County, Rhode Island in a $3,000,000.00 loan refinance.
November 2009
Negotiated the restructuring of a $9,000,000.00 loan on apartment rental properties in Florida.
November 2009
Represented the owner/operator in a $12,000,000.00 loan for 2 residential properties in Maryland and Georgia.
August 2009
Represented a lender in connection with a $1,000,000.00 construction loan for the development of a national discount retail chain.
August 2009
Negotiated on behalf of a lender the restructuring of more than $15,000,000.00 in debt encumbering student housing properties in Michigan and North Carolina.
August 2009
Represented local developer in the $2,000,000 refinance of a downcity district parking location.
August 2009
Represented a Limited Liability client in obtaining a half a million dollars of additional financing on a commercial downtown property including subordination of some existing mortgage debt.
July 2009
Represented a lender in connection with a $5,000,000.00 refinance of several multi family apartment units in South County Rhode Island.
June 2009
Represented a lender in the $5.3 million acquisition/construction loan for a 'Reverse Build to Suit' property for a Fortune 50 retailer on Aquidneck Island, Rhode Island.
May 2009
Represented lender in a financing transaction which included the acquisition and development of commercial property to be leased to a regional retailer.
March 2009
Provided leasing representation for several national retail chain stores in connection with regional and/or national expansions.
January 2009
Represented the lender of a $4,000,000.00 construction loan to a preeminent Southwest developer for the construction of two day-care facilities in Las Vegas, Nevada.
LAND USE
September 2009
Represented a local developer in acquiring an assemblage of parcels of land and through the permitting and development process to create two leasable parcels; and then represented the developer as Landlord in negotiations which resulted in the execution of a long term guaranteed triple net lease with a major national retailer on each parcel
April 2009
Represented a preeminent big box retailer in the acquisition, assemblage, and permitting for an 11.1 acre piece of property in North Providence, Rhode Island.
March 2009
Represented a Rhode Island based developer in the permitting of a premier supermarket site in the Providence, Rhode Island area.
LEASING
April 2010
Represented institutional landlord in the negotiation and drafting of a lease for 43,835 square feet of industrial/flex space in a major industrial building park in Massachusetts.
December 2009
Represented the landlord in the negotiation and drafting of a bank pad lease in North Hampton, New Hampshire
November 2009
For a national retail client, negotiated and drafted lease documents for a 12,500 square foot premises in a retail development located in Stone Mountain, Georgia
October 2009
Represented a large institutional landlord in the negotiation and drafting of a lease for 36,000 square feet of flex space in Taunton, Massachusetts.
September 2009
Represented the landlord in the negotiation and drafting of a lease with a Fortune 50 retailer in Brockton, Massachusetts.
August 2009
Represented the landlord in the negotiation and drafting of a lease with a national retail chain in Providence, Rhode Island
July 2009
For a national retail client, negotiated and drafted lease documents for a 15,000 square foot premises in a retail development located in Hunstville, Alabama
June 2009
Represented the landlord in the negotiation and drafting of a lease for 19,000 square feet of flex space in the Providence, Rhode Island metropolitan area.
May 2009
Represented the owner of a Colorado shopping center in the negotiation and drafting of a lease with a national fast food chain.
April 2009
For a national retail client, negotiated and drafted lease documents for a 16,500 square foot premises in a retail development located in Duluth, Georgia
March 2009
Represented a developer in the acquisition of a two parcel compilation of land and assisted the developer in the permitting and leasing of the combined parcel to a major restaurant franchise.
March 2009
Represented the landlord in the negotiation and drafting of a lease for 17,500 square feet of flex space in the Providence, Rhode Island metropolitan area.
February 2009
For a national retail client, negotiated and drafted lease documents for a 14,000 square foot premises in a retail development located in Smyrna, Georgia
January 2009
Represented a Massachusetts based developer in the acquisition, leasing and financing of a national restaurant chain in Whitman, Massachusetts.
LITIGATION
May 2010
Obtained order from the U.S. District Court dismissing three individual lawsuits filed against a luxury condominium developer by condominium purchasers seeking to void their respective purchase and sales agreements.
April 2010
DarrowEverett litigation attorney appointed as an arbitrator in an international contract dispute regarding the licensing of sports apparel in the European Market.
February 2010
Confidential medical malpractice settlement on behalf of individual who sustained tear duct injury due to the actions of a Physician's Assistant.
October 2009
Obtained $8.8 million dollar judgment in Massachusetts Federal District Court on behalf of a commercial lender arising from a breach of contract action against the borrowers and guarantors of a mezzanine loan.
October 2009- Wrongful Death- Automobile Accident
Confidential settlement on behalf of the estate of 47 year old father of two. Obtained full insurance policy limits of driver involved in highway collision, and full limits of all available underinsured motorist insurance policies.
September 2009- Commercial Litigation
Obtained $220,000.00 mediated settlement on behalf of local hotel developer arising from a defective product claim against supplier and manufacturer.
June 2009
Confidential settlement on behalf of individual involved in a motor cycle accident who sustained multiple fractures.
CRIMINAL LAW
November 2009
Represented a company official in a federal criminal environmental investigation and prosecution in which charges were not brought against our client.
September 2009
In a federal grand jury investigation involving allegations of political corruption, we represented several executives of a health insurance company, none of whom were charged with any criminal offense.
July 2009
In a federal grand jury investigation of alleged political corruption and ERISA violations, we represented the president of a trust company, the result of which was that charges were not instituted against our client or the trust company.
May 2009
Successfully represented an executive of a financial institution in a federal grand jury investigation involving fraud and corruption allegations, which resulted in our client not being prosecuted.
PRIVATE EQUITY
June 2010
Assisted a private real estate investment fund client in connection with the recapitalization of one of its real estate investments through a joint venture with another newly-formed private real estate fund. DarrowEverett assisted the client in the structuring of the transaction, and in negotiating and drafting the requisite transactional documents and regulatory filings in connection with the joint venture. Both of the funds involved in the transaction were capitalized through Regulation D private offerings. Our client was able to complete a $1.5M equity “takeout” from the asset as a result of the investment by the newly-formed private real estate investment fund. The asset consisted of a portfolio of medical office buildings totaling in excess of 134,000 square feet.
June 2010
Assisted a private real estate investment fund client in connection with the offering of preferred equity interests in an entity formed by the fund to acquire, own, operate and dispose of a real estate asset which was part of a larger, national portfolio of assets owned and operated by the fund. DarrowEverett assisted the client in the structuring of the transaction, and in the drafting of the offering documents and regulatory filings for a newly-formed private real estate investment fund created to acquire the preferred equity interests in the entity that owns the asset. Both of the funds involved in the transaction were capitalized through Regulation D private offerings. Our client was able to secure in excess of $2M through the preferred equity offering, allowing it to adequately recapitalize its investment in the asset. The asset was a multi-tenant industrial property consisting of approximately 226,000 square feet of leasable space.
December 2009
Created and capitalized two equity funds who then acquired a commercial paper portfolio with a value in excess of $10,000,000.00
May 2009
Represented a mid size equity fund in the acquisition, financing, and management of numerous residential multi-family properties in the greater Providence, Rhode Island market.