Sullivan & Barros, LLP maintains an extensive real estate law practice backed by decades of experience and supported by our complementary practices in Business Law, Washington, DC Real Estate Litigation, and Washington, DC Zoning Law. Our transactional practice is led by Partner Tony Barros, a longtime DC area attorney and successful developer who has closed billions of dollars in commercial real estate transactions for clients.
Sullivan & Barros represents clients in a full range of development projects from small multi-family condominium conversion projects to large scale projects containing multi mixtures of retail, residential, office and hotel uses on single or combined development tracts. Through the use of reciprocal easement agreements, covenants, conditions and restrictions, and an array of other legal documents, we assist clients in creating the legal structure for multi-use projects so that, upon completion, the property owners, future property owners, tenants, and patrons of the establishments in these projects are all able to enjoy the project’s constituent uses and services seamlessly.
To developers, real estate development is largely about developing successful projects that perform well on a risk adjusted basis. We help clients find solutions to both enhance a project’s overall value and mitigate development risks through proper planning and execution. We help our clients tailor agreements to assist in planning for potential development risks that could impact the development schedule and budget. Many development projects require creative thinking and can include an analysis of air rights, transferable development rights, the use of combined lot development covenants, and ground leases. Our clients include both non-profit and for-profit developers.
Sullivan & Barros represents clients in the acquisition and disposition of raw land, multi-family rental buildings, individual retail pad sites and free standing retail buildings, retail shopping centers, office buildings, industrial buildings, and hotels. We advise clients on structuring like-kind 1031 exchange transactions, and assists clients in planning to acquire replacement properties. We also represent clients in single asset acquisitions as well as in multi-asset simultaneous acquisitions and dispositions.
Sullivan & Barros represents borrowers and lenders in acquisition financing, construction loan, seller purchase money financing, bridge loan, mezzanine debt, master credit facilities, and permanent loan transactions. We advise our clients on how best to tailor loan documents to the particular circumstances of the development project and to the client’s needs to help mitigate potential development risks.
Sullivan & Barros represents landlords and tenants in preparing, reviewing and negotiating leases for retail shopping centers, office buildings, and land for development. Our lawyers have represented landlord and tenants on national credit lease transactions in the predevelopment phase and our expertise in real estate development and finance law often adds value in this sort of lease negotiation process. Clients of Sullivan & Barros have needs that range from straightforward space leases to leases containing expansion rights, recapture rights, rights of first refusal, options to purchase the space or the property, renewal options, and termination rights.
Sullivan & Barros represents clients in the creation of small and large scale residential and mixed-use condominium regimes. This representation includes the creation of expandable condominiums in cases of projects developed over phases, and master condominium regimes in the case of mixed use condominiums.
Sullivan & Barros represents clients in preparing responses to Request for Proposals (RFPs) and in the general RFP development competition. We also represent clients with private development transactions whose projects require additional public assistance, such as the use of Tax Increment Financing or TIFs, municipal revenue bond financing, community development block grants, low interest loans, and other economic incentives. Our firm helps to advise clients on how to structure a request to meet the client’s needs in creating an economically viable project while also creating a winning solution for the municipality and its stakeholders. Sullivan & Barros represents its clients before the executive and legislative branches of municipalities in these efforts.
To discuss real estate issues, contact us.