Real Estate and Business Transactions Gallagher represents lenders, real estate developers, equity investors, health systems, colleges and universities, and other clients in a variety of real estate transactions. We work closely with our clients to achieve their business goals in many diverse contexts, such as: Residential, commercial, industrial and mixed-use real estate development projects from land acquisition through development, construction, leasing/sale and disposition; Representation of developers and syndicators in transactions involving low-income housing, federal and state historic, new markets tax, and energy credits; Construction and permanent financing of real estate development projects through conventional bank loans, various Fannie Mae, Freddie Mac and other similar programs, HUD-insured debt, tax-exempt bond issues, sales of federal and state tax credits, new markets tax credit transactions, and grants; Representation of equity investors and mezzanine lenders in all types of real estate projects; Creation of condominium regimes and homeowners associations in complicated PUD-type developments and negotiation of complex reciprocal easement and cost-sharing arrangements; Representation of landlords and tenants in commercial leasing transactions; Commercial lending for banks and other institutional lenders, including acquisition, development, construction and permanent loans, asset-based financing and working capital loans; Commercial real property tax assessment appeals; and Real estate, construction, and land use litigation. Representative Real Estate Clients and Transactions Harbor East: The firm represents the entities involved in one of Baltimore’s most successful redevelopment efforts, Harbor East -- including the 600,000 square feet “Legg Mason Tower,” the Four Seasons Hotel and Condominiums, a 700+ room Marriott Hotel, a 205 room Marriott Courtyard Hotel, a mixed-use project known as Parcel B (2 hotels, condos, office, retail and parking), Spinnaker Bay Apartments and Condominiums ($90 million project value; 650,000 square feet on 1.3 acres; 45,000 square feet retail; 32 condo, 320 apartment units; 460 parking spaces) together with other significant office, retail and residential development. Fells Landing/Harbor Point: Gallagher represents the development team working on the billion dollar historic renovation and renewal of Baltimore’s Fells Point neighborhood. Fells Landing includes 215,000 square feet of office and retail, 140 residential units, and a 680-car parking garage. Harbor Point, a 27-acre parcel, will be a mix of office, retail, hotel, restaurant, and residential uses with a waterfront park to be developed on the environmentally-remediated former Allied/Signal site. The Bozzuto Group: For over twenty years, we have served as general corporate and development counsel to The Bozzuto Group in all of its many real estate transactions. Representative transactions for this client include: Annapolis Towne Center - Residential and retail development in Annapolis’ newest community; $120,000,000 sale of seven (7) properties to JP Morgan Pension Fund; Acquisition and development of 27 acre parcel at the Vienna Metro Station in Vienna, Virginia--approximately $35,000,000; Acquisition and development of a parcel of land in "Lakelands" section of Gaithersburg, Maryland with The Northwestern Mutual Life Insurance Company--approximately $35,000,000; Acquisition and development of "Gramercy Apartments" in Columbia, Maryland with The Connecticut General Life Insurance Company--approximately $30,000,000; "Kentlands" (Gaithersburg, Maryland), "King Farm" (Rockville, Maryland) and "Thomas Farm" (Rockville, Maryland)--Large mixed-use developments; Redevelopment of the Bethesda Theatre; Development of two apartment communities in Wheaton, Maryland - one above the WMATA Metro Station; and Shipley's Grant and Maple Lawn - Residential, retail and office developments in Howard County, Maryland. Shelter Group: The firm has represented the Shelter Group since its inception and currently handles all of Shelter’s development work, including its affordable “Parkview” product and its market-rate “Brightview” product. University of Baltimore campus: The firm represents the developer of an extensive redevelopment effort on the University of Baltimore’s urban campus. The project is a $75 million mixed-use development consisting of 270 residential apartments, 25,000 square feet of retail space and a 1,200-space parking garage. Gallagher assisted the developer in its negotiation of a 65-year ground lease with the State of Maryland, a PILOT agreement with the City of Baltimore, and in connection with the project’s participation in the Maryland Department of the Environment’s Voluntary Clean-up Program. In addition, Gallagher assisted the developer in closing third party equity arrangements and construction financing in one of the most difficult financing environments the industry has ever experienced. AFL-CIO Building Investment Trust, Lubert Adler and Crossbeam Capital: The firm represents these fund managers in equity placements for large commercial projects. Representative transactions include Gallery Place in Washington, DC - a $300 million mixed-use project with 1 million square feet total (220,000 sq. ft. office, 260,000 sq. ft. retail, 192 residential condo, 700 parking spaces, and a 14-screen theater) - and 91 Sydney Street (Forest City) in Boston, and the Harborview development on Baltimore's waterfront. Gallagher has represented Fannie Mae’s American Communities Fund in many similar transactions in the past. Gallagher has represented an urban developer in many of its development and redevelopment efforts including: Belvedere Square - a $25 million redevelopment of a 101,301 square feet urban shopping complex, with TIF financing and historic and new markets tax credits; Charles Commons - 618 beds of student housing, a state-of-the-art dining facility, student amenity space and a full-service Barnes & Noble bookstore; Village Lofts - 68 for-sale residential units, 12,500 square feet of retail & restaurant space, and 68 parking spaces; and Clipper Mill - a $53 million adaptive re-use project that includes 97,500 square feet of office space and 200 residential units. The Whitney: Gallagher represented the development team in connection with a $75 million mixed use project designed around a landmark Art Deco theatre in Bethesda, Maryland. The project includes 17,000 square feet of entertainment/retail space, rental dwelling units, and 280 residential parking and 350 public parking spaces. Gallagher’s tax group has handled federal historic tax credit transactions in urban settings around the U.S., including Railway Express, Miller's Court, The Can Company, Census Building, Congress Hotel, and the YMCA, all in Baltimore City, National Newark in Newark, Stoneleigh Hotel in Dallas, On Broadway in San Diego, West Village in Durham, the Santa Fe Building in Los Angeles, and the Delaware Trust Building in Wilmington. The firm has also handled numerous transactions involving state historic tax credits. The firm has represented developers, syndicators and investors in hundreds of transactions involving federal low-income housing tax credits. Lubert-Adler: We have represented this fund manager in a number of tax credit and other financing transactions, including the Harborview development in Baltimore. Group Members