Commercial Real Estate Notes

For more information on DarrowEverett, download our latest brochure.


In December, the real estate department represented a gas company in connection with the sale of commercial real estate and personal property to an abutting property owner. Previously, the parties had entered into a mutual easement agreement to allow for use by the respective parties for access to abutting railroad lines to facilitate the transfer of natural gas by the property owners.


The members of the real estate department successfully represented a local business with the sale of an industrial building in Lincoln, Rhode Island.


With the assistance of the real estate department team, a commercial client recently sold multiple, waterfront commercial properties in Warwick.


Darrow Everett’s real estate department successfully represented a regional developer in connection with the negotiation of an office lease with a major national tenant for a substantial amount of space in an historic downtown Providence office building. DarrowEverett had previously assisted the same developer in connection with the acquisition and financing of the building as part of a sale-leaseback transaction.


A Massachusetts municipality recently sold extraneous property that had been damaged by a casualty loss to a local non-profit. Members of the DarrowEverett team, including the real estate department, advised the municipality on multiple aspects of the transaction and helped bring the transaction to a successful conclusion, permitting the property to be renovated and improved.


The real estate and commercial lending departments of DarrowEverett represented a regional lender in the financing of an acquisition and refinancing of several multi-family properties. The borrowers included a local, family-owned business that specializes in acquiring, rehabilitating and selling single family and multi-family properties in Rhode Island and Massachusetts, as well as a developer/construction company that acquired five buildable lots and will construct five, single family homes on the properties.


Restructured commercial real estate holdings for Florida-based property manager, including subsidiary formation, real estate conveyance and mitigation of tax lien restrictions.


The real estate and commercial lending departments of DarrowEverett represented a regional lender in the financing and refinancing of several multi-family properties. The Borrower is a local business that specializes in acquiring, rehabilitating and selling single family and multi-family property in Rhode Island and Massachusetts.


DarrowEverett’s real estate and commercial lending team represented a regional real estate investment company in the sale of two apartment buildings in Massachusetts. The transaction involved the assumption of the existing mortgage by the Buyer and the DarrowEverett team worked closely with its client, the Buyer and the Buyer’s attorney to structure the assumption of the mortgage and release of the Seller and replacement of the guarantors on the loan.


In October and November, the real estate department continued to represent several Rhode Island Condominium developers in the sale of luxury residence on the coast of Rhode Island. DarrowEverett has worked with these developers on the permitting, creation of the condominium and sale of multiple residential units.


The New York office successfully represented a New York limited liability company in the sale of a mixed use building in Brooklyn New York in October. The property had previously been used as a restaurant with apartment units located above. The transaction was successfully concluded in October.


In October, the real estate and commercial lending department represented a regional, Massachusetts lender in a loan transaction involving two businesses located in Central Massachusetts. The businesses were affiliated entities and the purpose of the financing was to permit each entity to increase their existing lines of credit to facilitate each of the divergent businesses. A third affiliate served as a corporate guarantor and provided real estate collateral to secure the guaranty.


DarrowEverett, through its real estate department, and with the assistance of the corporate department, represented a regional real estate development client in the sale of developed property in New Jersey. The client had previously acquired the property which was subject to a lease with a national supermarket chain, oversaw environmental remediation on the property and ultimately sold the property to a New York-based real estate investment company. DarrowEverett had previously worked with the client on the leasing of the property.


The corporate and real estate departments of DarrowEverett worked together to represent a client in the acquisition of an insurance agency and the building within which the agency was located. The transaction which closed in September involved both an asset purchase as well as a real estate acquisition component and financing. The real estate aspect of the closing required particular attention due to the fact that the property was registered land and the death of several prior owners made the title more convoluted.


The real estate, corporate and commercial lending departments at DarrowEverett worked with a regional real estate investment company client in connection with the acquisition and financing of commercial property and the leasing of the space with a national childcare center.


The real estate and corporate departments of DarrowEverett successfully represented and advised a regional real estate developer in the sale of a parcel of land in Central Massachusetts that contained two retail businesses. The DarrowEverett team had previously represented the client in the acquisition of the property and in the lease negotiations with a national drug store chain as well as a local bank. The sale concluded the successful development of this project.


DarrowEverett’s real estate team successfully completed the sale of a commercial real estate project. DarrowEverett had represented the Seller when it acquired the property for the development of two large retail box stores and represented the developer in the sale of the property located on the south coast of Massachusetts.


Throughout the summer of 2016, DarrowEverett continued to represent a regional lender in the financing of residential properties by several different real estate developers. Many of these transactions involved complex title issues and DarrowEverett utilized its expertise to guide the lender through these issues and ensure that the lender was protected from future title issues.


One of DarrowEverett’s Florida based real estate investment companies has continued to acquire real estate for the purpose of rehabilitation and resale. In July, DarrowEverett’s Florida office assisted the Florida developer in additional real estate acquisitions.


Among other transactions that closed in July of 2016, DarrowEverett continued its representation of a luxury real estate developer in the sale of a single family homes on the coast of Rhode Island. DarrowEverett has represented the developer in the creation of the condominium structure and continues to represent the developer as it constructs and sells single family residences within the luxury condominium project.


In June, the DarrowEverett real estate department represented a Buyer in the acquisition of undeveloped land that was subject to an agricultural lien under Massachusetts General Laws chapter 61A. We worked with the Buyer to educate him on the provisions of the statute, the right of first refusal that is involved with a transfer of such land and advised the client on how to proceed while maintaining the tax status of the property based on the Buyer’s intent to continue to use the property for agricultural purposes.


The real estate department team recently represented a regional real estate investment company in connection with the purchase of property in downtown Providence. The purchase of this parcel, which abuts several other parcels previously acquired by the developer in 2015, will allow the developer to expand key areas in Providence and help re-invigorate Downtown Providence.


DarrowEverett’s real estate and commercial lending team represented a regional real estate investment company in the sale of an apartment building in Massachusetts. The transaction involved the assumption of the existing mortgage by the Buyer and the DarrowEverett team worked closely with its client, the Buyer and the Buyer’s attorney to structure the assumption of the mortgage by the Buyer.


The real estate department of DarrowEverett successfully advised a large regional real estate investment company on the sale of an industrial warehouse and office building in Central Massachusetts.


Beginning in the early summer of 2016, the real estate and corporate departments represented a real estate investment limited liability company in the sale of a multi-family property in Massachusetts and the subsequent purchase of a commercial property in Boston. The sale and purchase were conducted as 1031 exchanges for the benefit of the client. DarrowEverett provided real estate and tax advice to conclude both transactions smoothly and within a three month window of time.


DarrowEverett provided legal advice and services to a real estate investment company in a short sale of its sixteen property portfolio in April of 2016. The complex nature of this transaction required the input and guidance of the real estate, commercial lending and corporate departments and culminated in the transfer of these properties on terms beneficial to the client.


The DarrowEverett real estate and commercial lending department continued its representation of a local Rhode Island restaurant chain as it expanded its locations in Rhode Island. As part of the transaction, DarrowEverett represented the Borrower in the acquisition of real estate, in the financing (which included both private and institutional lenders) as well as financing under the United States Small Business Administration 504 program.


In April, the real estate department represented a Rhode Island Condominium developer in the sale of a luxury residence on the coast of Rhode Island. DarrowEverett has worked with the developer on the permitting, creation of the condominium and sale of multiple units.


The DarrowEverett real estate department recently represented a national real estate investment company recently sold manufacturing and office buildings in Middlesex County. The client had acquired the property in 2006, renovated and improved the property and leased the premises to a number of small and medium size businesses, including several biotechnology firms. The property sold for almost eight million dollars.


With the assistance of the DarrowEverett real estate team, a national real estate investor who had acquired and developed industrial property in Central Massachusetts, recently sold the property to a national firm. The client had acquired the property in 2013 and made significant capital improvements to the facility and entered into a long-term lease with a commercial manufacturer. Ultimately, the project sold for over thirty million dollars.


The DarrowEverett real estate team continues to represent a family-owned, Rhode Island based residential real estate investment company with its acquisition of single family and multi-family properties in Rhode Island and the South Coast of Massachusetts. This company is rapidly growing and has acquired almost a dozen new properties in the last eighteen to twenty-four months.


The real estate department at DarrowEverett LLC recently represented a Rhode Island real estate investor in the sale of a two, multi-family house. These sales are part of the investor’s re-alignment of its residential real estate portfolio. In each instance, the Buyer obtained financing through Federal Housing Administration loan programs and will become owner-occupants.


The DarrowEverett LLC real estate department represented a Rhode Island real estate investor in the sale of a three, multi-family house. These real estate closings were governed by the new Truth-in-Lending, Real Estate Settlement Practice Act Integrated Disclosure obligations and all involved Buyers who obtained their financing through Federal Housing Administration loan programs.


The DarrowEverett LLC real estate department represented a Rhode Island real estate investor in the sale of a three, multi-family house. These real estate closings were governed by the new Truth-in-Lending, Real Estate Settlement Practice Act Integrated Disclosure obligations and all involved Buyers who obtained their financing through Federal Housing Administration loan programs.


The real estate department of DarrowEverett represented a local, family owned business that specializes in the acquisition, rehabilitation and sale of single family and multi-family houses in the sale of a single family residence that had been acquired and renovated within the prior year. At the time of acquisition, DarrowEverett negotiated construction financing with a regional lender.


A national real estate investor who had acquired a large parcel of land in Hampden County, Massachusetts recently sold a portion of the land for the development of national coffee chain. The property was divided pursuant to the Approval Not Required provisions of Massachusetts law. Ultimately, the Buyer of a portion of the property will be reconfiguring access to the property for the benefit of the national real estate investment firm, other tenants on the property and the national coffee chain.


The attorneys at DarrowEverett recently assisted one of its economic development agencies with the negotiation and amendment to loan documents that the agency had previously entered into with a borrower for the purpose of repairing a formerly blighted piece of property. The Agency and the borrower, with the assistance of DarrowEverett negotiated revisions to the terms of the loan transaction to better suit the needs of the Borrower and ensure that the intended repair work was done in a timely manner. The revised loan terms will allow the agency to utilize the loan repayment to fund other projects throughout the City of Providence.


DE in its capacity as counsel to a local Rhode Island economic development agency recently assisted the agency in the sale and seller financing of a downtown Providence building. The property had originally been a residence but in recent years had been converted to office space and has been largely vacant. The purchaser of the property, which is a local Rhode Island non-profit, will renovate the property with the intent of utilizing the property for the benefit of another non-profit or individuals such as veterans, seniors and other low to moderate income individuals.


Among the real estate transactions that started off 2016 for the DE real estate department was the acquisition by a Joint Venture of a commercial building in northern Rhode Island. The property had been acquired by the Lender in a foreclosure sale. The nature of the property’s history meant that particular care had to be taken to conduct thorough due diligence as to the property and detailed negotiations with the lender/owner. The Buyer intends to improve the property and attract commercial tenants to this key area within the city.


The DarrowEverett LLC real estate department represented a Rhode Island real estate investor in the sale of a multi-family house. The sale posed several unique and challenging title issues as previous transfers were incorrectly or incompletely documented which required significant time spent on resolving complex title issues. Ultimately, the DE team was able to resolve the title matters so that the client could convey the property.


At the end of 2015, the DE real estate and commercial lending team completed the financing of and creation of a mixed-use project on Cape Code pursuant to Chapter 40B of Massachusetts law. This statute provides for the permitting and approval of affordable housing. The project has been in the process of being developed and permitted for several years and will offer eight mixed-use buildings that contain 52 residential rental units, of which thirteen will be designed for low or moderate income tenants. The commercial space will be largely retail in nature and the project will involve construction of parking, sidewalks, as well as green space. The financing was provided by a local Cape Code bank.


The real estate and commercial lending departments concluded the second part in a two-part construction financing transaction. The first aspect of the project involved the permitting, relocation of easements, and a three million dollar construction loan with a national lender on behalf of a local real estate development company to facilitate the construction of a strip mall in Southeastern Massachusetts. The second part of the transaction which closed this fall involved the negotiations of a lease with a national coffee chain and closing on the additional construction financing needed for the construction of the new building for the national coffee tenant.


The real estate and trust and estates departments of DarrowEverett worked together to assist a family in a time-sensitive real estate matter. An elderly relative had recently taken ill and immediate action was needed to address the financial needs and desires of the client. Through the efforts of both departments, the family was able to structure a real estate transaction that was financially beneficial to the elderly relative while also minimizing the impact on the relative’s ability to receive necessary health care services.


The month of November was busy for residential real estate transactions. The real estate team represented several clients in the purchase and sale of residential properties, including both primary residences and vacation properties throughout Massachusetts and Rhode Island. The real estate department guided both first time home-buyers and experienced residential purchasers through the acquisition process and counseled their clients on the new federal rules and regulations imposed by the Consumer Financial Protection Bureau. These new regulations also impact sellers and can cause delays in closings. The real estate department is well-versed in these new regulations and is guiding its’ purchasing, selling and financing clients on the intricacies of these new rules and helping them navigate the potential delays created by the new documents and altered closing process and procedure.


A national real estate investor who had acquired and developed a commercial warehouse property in Massachusetts recently sold the property to a national firm with the assistance of the DarrowEverett real estate department. The client had acquired the property in 2013 and made significant capital improvements to the facility, including but not limited to storm water improvements, sewer and roof repairs, the repaving of all of the existing parking, loading and vehicular circulation areas, and completion of the other improvements. Ultimately, the project, which included both developed and undeveloped land sold for over nineteen million dollars.


In November, the real estate department of DarrowEverett represented a regional real estate developer in the sale of a shopping center in Providence, Rhode Island for over six million dollars. The project site was purchased and developed by the client into a key shopping center with several national tenants. The sale and transfer of the property is one of several such properties developed and sold by this client.


In September, the real estate and commercial lending departments of DarrowEverett represented a regional lender in the financing of a Rhode Island real estate acquisition by a local, family-owned business that specializes in acquiring, rehabilitating and selling property. This transaction represented the third acquisition and financing on behalf of this growing real estate development company.


The commercial lending and real estate teams worked together in September to represent a commercial real estate property owner, negotiate and conclude a short sale of certain multi-family property in Rhode Island. This complex transaction involved extensive negotiations with the lender, junior lenders, and municipal entities. This transaction resulted in full satisfaction on behalf of the owner.


The real estate department, with the assistance of the commercial lending department, represented a client in a short sale of condominium property. The transaction involved negotiations with the primary and junior lenders, the condominium association and other third parties and resulted in the successful sale of the property with a discharge of all of the Borrower’s liability.


The real estate and commercial lending departments represented a regional real estate investment fund in the acquisition and financing of a multi-tenant residential complex in Rhode Island. The transaction involved guiding the acquiring client in due diligence matters as well as representing the buyer in its financing with a regional lender.


The real estate department, on behalf of a local south county Massachusetts real estate owner and developer, negotiated a long term lease with a national coffee chain. The lease addressed, among many other matters, the terms regarding the build-out of the stand alone premises building.


Several of DarrowEverett’s attorneys played a key role in the sale of important Rhode Island real estate to a large non-profit. The transaction, which involved a significant charitable gift by the Seller, also required the release of several deed restrictions and resolution of an existing tax-stabilization agreement.


In August, the corporate, real estate and commercial lending departments worked with a regional real estate investment entity on the acquisition and financing of an important downtown Providence, Rhode Island building. The multi-million dollar construction loan with a regional savings bank was utilized for the acquisition, and will also provide for the future redevelopment of the property into a mixed-use commercial and residential building.


In July, the real estate department continued its representation of residential buyers and sellers in Rhode Island and Massachusetts. Residential transactions of all sizes continue to be a part of DarrowEverett’s real estate practice as the residential market continues to grow and expand.


The real estate department represented a client in the sale of a luxury vacation residence in Narragansett, Rhode Island which also included the sale of certain personal property, including furnishings and artwork. DarrowEverett analyzed, advised and negotiated a transaction by which the Seller financed the transaction.


On behalf of a Providence-based real estate investor, the real estate department negotiated the execution of a thirty thousand square foot, long term commercial lease with a state-wide media company.


The corporate, real estate and commercial lending departments worked together with a key Providence based real estate developer in the acquisition and financing of a historic Providence landmark as well as neighboring parking lots. The multi-party project will involve the redevelopment of the property into office, retail and restaurant space with parking on adjacent parcels. This project is seen as a key aspect of the Downtown revitalization of Providence.


In June, the real estate and commercial lending departments concluded the permitting, relocation of easements, and a three million dollar construction loan with a national lender on behalf of a local real estate development company. The property was originally acquired at foreclosure and involved the combining of two lots, the relocation of various municipal easements and permitting of a two building, multi-unit commercial space. A portion of one of the buildings will be utilized by an affiliate of the real estate development company and represents an on-going expansion of this retail business on the south coast of Massachusetts.


In May, the real estate department represented a national developer in the sale of two luxury residences on the coast of Rhode Island. These customized single family condominium units were developed to the specifications of the Buyers and continue DarrowEverett’s long-term representation of this national developer of high-end luxury residences in Rhode Island.


DarrowEverett’s Real Estate Practice Group recently represented a regional lender with regard to the financing of the acquisition of a residential real estate and a construction loan on the property that occurred between family members in Massachusetts. This loan involved complex negotiations as disputes had arisen with the general contractor retained for the construction. The DarrowEverett team was able to guide the transaction to a successful resolution and loan closing.


DarrowEverett’s Real Estate Practice Group department represented a regional lender with regard to a loan transaction for the acquisition of commercial retail property on the south coast of Massachusetts. The real estate borrower will renovate the existing structure and attract new businesses to the building. The DarrowEverett team used its experience and expertise to assist the Seller and Seller’s counsel to obtain a partial waiver of old, outstanding orders of condition that predated the division of the property, allowing the transaction to occur quickly for the benefit of all the parties.


DarrowEverett’s Real Estate Practice Group was able to assist a residential borrower in the acquisition and financing of their first home. Unique and emergency circumstances arose that required the Buyer/Borrower to seek a waiver of the federally mandated three day notice required for a revised Good Faith Estimate and DarrowEverett was able to guide the Buyer/Borrower through this unusual circumstance to close the transaction as scheduled.


DarrowEverett’s Real Estate Practice Group represented Rhode Island luxury residential condominium developer in the sale of a new condominium unit. DarrowEverett has worked with this client to create all of the condominium documents and guide the developer through the development and sales of this luxury development on the water.


DarrowEverett’s Real Estate Practice Group advised a Rhode Island luxury residential condominium developer on the revisions of its condominium documents to provide for additional exclusive use areas for certain condominium owners while also representing the condominium developer in the sale of a new condominium unit. This work provided additional features to several condominium units that increased the value of several units.


DarrowEverett’s Real Estate Practice Group successfully advised a national real estate investment company and the condominium association of an office condominium on the North Shore on amending the Master Declaration of the office condominium complex. The amendment addressed changes in the square footage of certain units within the commercial condominium and altered the percentage interest of several unit owners. Through the guidance of DarrowEverett’s attorneys, the client was able to negotiate the consent of all the unit owners as well as its lender.


DarrowEverett’s Real Estate Practice Group recently represented a regional lender with regard to the financing of the acquisition of commercial property in Cranston Rhode Island. This loan, to a local business owner allowed the business owner to acquire property for the operation of his business.


DarrowEverett’s Real Estate Practice Group successfully represented and advised a national real estate investment company in the sale of a commercial condominium unit in Massachusetts. The property was acquired by the national real estate investment company and converted into six condominium units for industrial and commercial use. The Buyer acquired the property through the U.S. Small Business Administration 504 Loan program. The Owner has sold four of the condominium units and is actively marketing the remaining condominium units.


DarrowEverett’s Real Estate Practice group successfully assisted a client with a multimillion dollar real estate sale of a plantation in South Carolina. The DarrowEverett team worked with the owner, an individual, and a Trust on the sale of the real estate and related equipment as well as the owner’s accountant to consider the tax consequences of the transaction.


With the assistance of the Real Estate Practice Group, a regional real estate development firm successfully filed and obtained approvals of modifications of a Comprehensive from a local municipality for a 40B project. 40B projects refer to Massachusetts General Laws chapter 40B which allows local Zoning Board of Appeals to approve affordable housing developments under more flexible zoning guidelines. DarrowEverett will continue to represent and advise the client as it seeks final approvals from the MassHousing


DarrowEverett’s Real Estate Practice Group successfully represented and advised a national real estate investment company in the acquisition of a three-building parcel of land that is utilized for offices, warehousing and industrial manufacturing located on Route. DE guided the client through zoning and title matters and with the assistance of the commercial lending department, the Buyer financed the acquisition and future construction needs for the rehabilitation of the buildings.


DarrowEverett’s Real Estate Practice Group assisted a major City in Rhode Island in the drafting and negotiation of a set of interrelated ordinances providing for stabilized taxes in connection with a major redevelopment project involving multiple actors, including private developers, and local public and private universities.


DarrowEverett’s Real Estate Practice Group represented a regional real estate development client in the sale of developed property in Bristol County for over two million dollars. DE had previously worked with the client on the development and leasing of the property to a national restaurant chain. The transaction involved amending existing easement, covenants and restrictions of record that impacted the subject parcel as well as neighboring parcels which are owned and utilized by several national retail chains.


DarrowEverett’s Real Estate and Corporate Practice Groups successfully represented and advised a national real estate investment company in the acquisition of an office and industrial use building located off of Route 495. A single purpose entity was created to hold title to the property while additional behind the scenes documentation created a joint venture to obtain equity investments for the acquisition. The project involved complex zoning, environmental, title and survey issues


With the assistance of the real estate department of DarrowEverett, a regional real estate development successfully filed and obtained approvals of modifications of a Comprehensive from a local municipality for a 40B project. 40B projects refer to Massachusetts General Laws chapter 40B which allows local Zoning Board of Appeals to approve affordable housing developments under more flexible zoning guidelines. DarrowEverett will continue to represent and advise the client as it seeks final approvals from the MassHousing.


DarrowEverett’s real estate team represented and advised the Providence Redevelopment Agency in the negotiation of a ground lease for a real estate parcel in downtown Providence with a large regional developer. The ground lease provides for a ten year lease with options to extend as well as an option for the tenant to purchase the property. This parcel of land posed unique challenges but will allow for further development of property in downtown Providence.


DarrowEverett continues to expand its residential real estate practice and has represented numerous clients, both individuals and entities in the acquisition, sale and financing of residential properties through out Massachusetts and Rhode Island. These clients have included first-time homebuyers as well as purchasers of premium vacation properties. In addition, several of these transactions involved advising clients on the intricacies of short-sales and foreclosures.


The real estate attorneys at DarrowEverett were recently retained to provide an affiliate of a regional real estate firm with legal advice relating to agricultural land classified under M.G.L. c. 61A and Title V issues related to the development of portions of the property in furtherance of its agricultural use. Through DarrowEverett’s efforts with the Massachusetts municipality, our client was able to retain classification of the property for agricultural purposes, avoid roll back taxes and implement deed restrictions to comply with Title V regulation governing septic systems on the property.


DarrowEverett’s real estate attorneys successfully advised a New York client with regard to complex easement matters involving property on Lake George. The easement involved numerous parcels of property and through the advice and guidance of DarrowEverett, the client was able to assemble extensive information and prepare a plan for negotiating ongoing maintenance and repair of a necessary access easement.


The real estate and commercial lending departments of DarrowEverett has represented a regional lender in the fourth of a series of loans with a local, family-owned business that specializes in acquiring, rehabilitating and selling residential structures in Massachusetts and Rhode Island. The construction loans to date total almost a half-million dollars with future acquisitions and financings anticipated in the future.


DarrowEverett’s Real Estate, Corporate and Commercial Lending Practice Areas worked with a national real estate investment company client in connection with the acquisition and subsequent financing of an office/warehousing/manufacturing facility consisting of five parcels of land. The complex project involved structuring a joint venture entity structure for the ownership, operation and maintenance of the over 211,000 square foot complex in Middlesex County. The financing involved a loan of over ten million dollars from a California based lender and a portion of the loan was allocated to the reimbursement of acquisition costs with the balance allocated to the renovation and leasing of the Complex. The two part acquisition and financing successfully concluded in August.


DarrowEverett’s Real Estate Practice Group represented a national real estate investment company in a short sale of a commercial office building in Cranston, Rhode Island. DarrowEverett worked with the client to negotiate a favorable Purchase and Sale Agreement and assisted the client in delivering extensive due diligence information and materials. Further, the firm assisted the client in obtaining the needed short-sale approvals and consents in order to liquidate the client’s assets successfully.


DarrowEverett’s Real Estate Practice Group recently represented a Massachusetts-based health care and insurance company with establishment of a long-term lease for a new facility located in North Middlesex County. The health care and insurance company has been expanding throughout Massachusetts over the last forty-five years and with this new facility, the health care and insurance company will have a presence in Hampden, Worcester and Middlesex County. The new facility will be located in a life and wellness community that provides a variety of care facilities for individuals, particularly the elderly.


Community Development Agency Loan Programs Updated – Recently, the Community Development Agency for a large city located on the south coast of Massachusetts retained Attorney David Sullivan and Attorney Allison Lane of DarrowEverett, LLC to update and revise all of the loan documentation for the Agency’s First Time Home Buyer Program and Home Rehabilitation Programs. These programs provide needed funds and resources to homeowners and investors to increase homeownership in the City and promote the maintenance of residential buildings throughout the City. Attorney Sullivan, who is based out of the firm’s Fall River office observed “First-Time Home Buyer and Home Rehabilitation Programs are vital to maintaining strong cities and we are thrilled that DarrowEverett was asked to provide our legal expertise to the community development agency to ensure that these programs and their documents facilitate high-quality residential housing for low and moderate-income families.”


Advised hotel developer client in structuring multiple holding companies for interrelated assets on single development site and corporate elements applicable to acquisition of real property.


Represented renowned Providence-based developer in the acquisition of property located in North Kingstown, Rhode Island out of receivership, which representation included the negotiation of construction financing, and lease negotiations with The Stop & Shop Supermarket Company to operate a gas station at the property.


Represented regional developer and property manager in the $7 Million sale of commercial real estate in Massachusetts. Representation included all aspects of the real estate transaction, including negotiation of the Purchase and Sale Agreement, attention to due diligence matters and closing


Represented investment group in the $16 Million sale of assets for sixteen Dunkin’ Donuts franchise locations in the Florida market. Representation included all aspects of the asset transaction, including negotiation of the Purchase and Sale Agreement, attention to due diligence matters and closing.


Represented regional developer and property manager in the $15 Million sale of real estate and assets for three storage center locations in Massachusetts and Rhode Island. Representation included all aspects of the real estate and asset transaction, including negotiation of the Purchase and Sale Agreement, attention to due diligence matters and closing. In addition, the transaction included a closing on the sale of a billboard easement to an existing tenant.


Represented regional developer and property manager in the $1.5 Million acquisition of commercial real estate in Massachusetts. Representation included all aspects of the real estate transaction, including negotiation of the Purchase and Sale Agreement, attention to due diligence matters and closing. In addition, the transaction included the negotiation of a ground lease for the property.


Represented regional developer and property manager in the $4 Million acquisition of commercial real estate in Massachusetts. Representation included all aspects of the real estate transaction, including negotiation of the Purchase and Sale Agreement, attention to due diligence matters and closing. In addition, the transaction included the negotiation of an industrial lease for the property.


Represented a major regional real estate developer in an $11.5 million dollar plus acquisition of property in Worcester County, Massachusetts. DarrowEverett’s representation included all aspects of the real estate transaction, including negotiation of the purchase and sale agreement, performance of due diligence (including complex zoning, title and survey issues), and closing. In addition, the transaction included the establishment of a joint venture partnership to finance the acquisition.


Represented a major regional real estate developer in a $1 million dollar plus sale of real property and assets comprising a storage center in Rhode Island. DarrowEverett’s representation included all aspects of the real estate transaction, as well as corporate matters involving allocations for real estate and assets.


Represented a major regional real estate developer in a $2 million dollar plus acquisition of real estate in Fall River, Massachusetts. DarrowEverett’s representation included all aspects of the real estate transaction, including negotiation of the purchase and sale agreement, performance of due diligence, and closing.


Represented a major regional real estate developer in a $12 million dollar sale of property in Fall River, Massachusetts to a national retail chain, as part of a large scale redevelopment initiative. DarrowEverett’s representation included all aspects of the real estate transaction, as well as matters involving joint venture partnerships and complex planning and zoning issues.


Represented Boston-based developer in connection with a lease for 20,000 square feet of Class A office space at its corporate headquarters, as well as a $4,750,000 loan refinance for the property made available primarily due to the new lease.


Represented client in connection with the acquisition of a strip mall property located in Rhode Island; representation included negotiating and closing the acquisition financing through the use of traditional senior and bridge loans with a takeout of the bridge loan through SBA 504 financing.


Represented Purchaser in the $8,600,000 acquisition of a state-of-the-art manufacturing building and in the negotiation of the acquisition of adjoining property for development of associated parking in a complex transaction involving bankruptcy and real estate issues.


Represented real estate developer client in the refinance and ownership restructure of a multi-million dollar asset. The transaction involved, among other things, several conveyances of property interests, analysis of loan documentation and opinion letter, and negotiation and documentation of new equity participant.


Represented the developer in connection with the $18.5 million refinance of a well known, mixed-use office building located in downtown Providence. DarrowEverett attorneys were able to assist the client in connection with negotiating and closing the refinancing on an expedited basis.


Represented real estate developer client in the refinance and ownership restructure of a multi-million dollar asset. The transaction involved, among other things, several conveyances of property interests, analysis of loan documentation and opinion letter, and negotiation and documentation of new equity participant.


Represented Landlord in connection with the negotiation and drafting of a lease for approximately 12,500 square feet of industrial and office space in the Greater Lowell, Massachusetts area. Tenant is an internationally recognized research and development operation.


Assisted client in connection with opening a new restaurant and lounge located in Providence, Rhode Island. Representation included lease negotiations and drafting, general corporate work, and appearing before both the Providence Zoning and Licensing Boards. DarrowEverett attorneys were successful in obtaining all necessary permits, approvals and licenses (including a special use permit and full liquor and entertainment licenses) on the client’s behalf.


Represented a prominent Rhode Island developer in the acquisition, financing and rehabilitation of commercial property just off of Route 195.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

We have committed ourselves to assisting our clients in making well-informed, productive and ultimately successful decisions on all issues that come before them.

We take pride in on our ability to provide each client with the attention to detail and high level of service that their transactions require, while at the same time providing practical and business-oriented advice and solutions.

Current News and Events

  • Investment in Opportunity Zones

    Opportunity Zones

    In December 2017, President Trump signed The Tax Cuts and Jobs Act into law enacting a national Opportunity Zone program designed to provide significant real estate and other investors significant federal tax incentives to invest in 8,700 historically distressed, state-designated neighborhoods throughout the United States. Specifically, the federal tax incentives provided through the Opportunity Zone program may permit an investor not only to defer present taxation on any of its currently realized and recognized capital gains, but also to reduce the actual amount of capital gains ultimately realized in the future. In addition, for certain investments held for more than 10 years, any and all gains on such investment amounts will be 100% tax-free for federal income tax purposes, to the extent initially comprised of deferred capital gains. Read our client update todayDisclaimer: You should not act or rely on any information at this website without seeking the advice of an attorney. The determination of whether you need legal services and your choice of a lawyer are very important matters that should not be based on websites or advertisements.  Read More

  • New Partners Named at DarrowEverett LLP

    Nicholas Hemond, attorney and Providence, R.I. School Board President, has been named Partner at the full-service business law firm, DarrowEverett LLP. As an alumnus of area educational institutions Roger Williams University Law, Providence College, and Classical High School, Mr. Hemond is a longstanding, active member of the Rhode Island community. He earned a bachelor of arts in political science from Providence College, and a Juris Doctor from Roger Williams University Law. Mr. Hemond had been an associate with the firm for the past four years, concentrating his practice in the areas of government affairs and litigation and representing firm clients in civil, criminal defense, and family court matters. His experience also includes serving as an assistant city solicitor for the city of Central Falls and as legal counsel to the Central Falls Zoning Board of Review. For the full press release click here Read More

Rhode Island · Massachusetts · New York · Florida