Development
Alston & Bird has an established commercial real estate development practice, representing clients in sophisticated development transactions nationally, regionally and locally. Our development practice covers a broad range of commercial real estate products, including office, retail, industrial, multifamily, hotel, resort/hospitality and mixed-use developments. We have a team of lawyers and paralegals dedicated to this practice area. Our clients include developers, merchant builders, retailers, logistics companies, lodging companies and other companies whose core business involves real estate development. Institutional equity sources seeking investment and development opportunities, including REITs, pension funds, insurance companies and private equity funds are also among the clients we serve.
EXPERIENCE
We are involved in all phases of the real estate development process, including purchase options and rights of first refusal, land acquisitions and assemblages, re-zonings, development/re-development, out-parcel sales, construction, protective covenants, reciprocal easement agreements, leasing (ground leases, build-to suit leases, space leases, subleases, sale/leaseback agreements and synthetic leases), federal, state and local economic incentives, construction and permanent financing, joint ventures and sales.
Over the course of a development project, we often work closely with our firm’s other practice groups in the areas of land use regulation, construction, environmental, state and local tax, federal tax and public/private incentives, to provide our clients the most experienced advice for the broad range of legal issues they face.
We also represent equity sources seeking investment in development opportunities. This work includes joint venture agreements, forward commitment contracts, fund formation and other investment structures for investing in real estate developments. Our investor clients value our knowledge and understanding of the development process because it helps facilitate transactions between them and developers.
SUPPORT THAT MATCHES YOUR NEEDS
Alston & Bird’s real estate development team combines legal experience with business acumen to serve the needs of our clients. We focus on creative solutions that protect and advance the interests, needs and goals of our clients, without losing sight of the fact that making the deal is the ultimate objective.