Shopoff Realty Investments L.P. / YAM Financing of Westkin Acquisition

Represented Shopoff Realty Investments L.P. (“Shopoff”) in connection with the $25,000,000 refinancing  of Shopoff’s leasehold interest in the Westkin Portfolio.  The Westkin Portfolio is comprised of two (2) developments totaling approximately 811 acres of land in Cathedral City, CA, subleased to 1,927 individual households, two country clubs, one hotel, one business park and one self-storage facility. The developments are referred to most commonly as Las Estancias (Desert Princess) and Falcon Lake (Cathedral Canyon).  The loan to fund the refinancing was provided by UMB Bank, N.A. (“UMB”).  UMB was represented by Mayer Brown LLP.

Norman Jacobson Realty Resources, Inc. / The Velo

Represented The Jacobson Company (“Jacobson”) in connection with the $46,800,000 acquisition of The Velo Apartments – a 240 unit apartment complex located in Denver, Colorado.  To finance the acquisition, Jacobson assumed two existing Freddie Mac Loans and obtained an additional supplemental loan from Berkadia Commercial Mortgage, LLC.  Lender was represented by Troutman Sanders LLP.

Lion Real Estate Group / Brownstone Lofts Refinancing – 1168 Bellevue Avenue

Represented an affiliate of Lion Real Estate Group in connection with the refinancing of the “Brownstone Lofts” located at 1168 Bellevue Avenue in Los Angeles, with a $15,000,000 loan from USAA Life Insurance Company that also included a loan defeasance.  The lender was represented by Barack Ferrazzano Kirschbaum & Nagelberg LLP.

Abady Holdings / 1120, 1122, 1124 Larrabee Place

Represented Larrabee Place, LLC, an affiliate of Abady Holdings, in its sale of two adjacent mixed-use retail properties in West Hollywood, California for a purchase price of $5,475,000.  Buyer was represented by Baker Hostetler LLP.

Norman Jacobson Realty Resources, Inc. / Jefferson Place

Represented Jefferson Place Investors, an affiliate of Norman Jacobson Realty Resources, Inc., in its sale of apartment complex in Carmichael, California known as the Jefferson Place Apartments for a purchase price of $8,250,000.  Buyer was represented by Snell & Wilmer L.L.P.

Bellaire Real Estate / Sale of Wilshire Manor

Represented Wilshire Manor DST, an affiliate of Bellaire Real Estate, in its sale of an apartment complex located in Euless, Texas known as the Wilshire Manor Apartments for a purchase price of $8,400,000.  The disposition included the defeasance of the Seller’s existing loan in the approximately amount of $2,650,000.  The lender was represented by Polsinelli PC, and the Buyer was represented by Konigsberg Law, P.C.

Norman Jacobson Realty Resources, Inc. / The Modern – 6301 West Hampden Avenue

Represented The Jacobson Company (“Jacobson”) in connection with the $41,250,000 acquisition of The Modern Apartments – a 230 unit apartment complex located in Denver, Colorado.  To finance the acquisition, Jacobson assumed two existing Freddie Mac Loans and obtained an additional supplemental loan from Berkadia Commercial Mortgage, LLC.  Lender was represented by Troutman Sanders LLP. 

Gelt Ventures, LLC / 919 Mission

Represented Gelt Ventures (“Gelt”) in connection with the $16,500,000 acquisition of 919 Mission Street – a 665 unit self-storage facility located in South Pasadena, California.  Gelt entered into a loan to fund the acquisition provided by Voya Investment Management LLC (“Voya”).  Voya was represented by Reed Smith.

Lowe Enterprises Investment Management, LLC / Sale of 2581 Junction

Represented LEI-VIG Junction Associates LLC, an affiliate of Lowe Enterprises Investment Management, LLC, in its sale of a 92,000 square foot commercial office building located in San Jose, California for a total purchase price of $32,000,000.  The sale included the transfer of a $1,600,000 letter of credit with DNB Bank ASA from Seller to Thin Film ASA, the parent company of the existing tenant at the property.  Tenant was represented by Lubin Olson & Niewaiadowski LLP and Buyer was represented by the Law Offices of Juliana Stamato.

Shopoff Realty Investments L.P. / Los Alisos Refinance

Represented Shopoff Realty Investments, L.P.  in connection with obtaining an $10,400,000 refinance loan for Los Alisos Retail Center located in Mission Viejo, California.  Financing was provided by Ladder Capital Finance LLC which was represented by Katten Muchin Rosenman LLP’s Los Angeles office. 

  • “Closing real estate deals takes an enormous amount of focus on the operators' part. We rely heavily on the expertise of the Sklar Kirsh team and are confident that our best interests are being met 100% of the time.”
    — Eddie Ring, New Standard Equities, Inc.

This testimonial does not constitute a guarantee, warranty, or prediction regarding the outcome of your legal matter.