New Standard Equities / Sale of Renton Sage

Represented Renton Fee Owner, LLC, an affiliate of New Standard Equities, Inc., in its sale of The Renton Sage Apartments, a multi-family property located in Renton, Washington, for a total purchase price of $59,500,000.  Buyer was represented by Blank Rome LLP.

Norman Jacobson Realty Resources, Inc. / Muir Creek Apartments

Represented Muir Creek Investors, an affiliate of The Jacobson Company, in its sale of Muir Creek Apartments, a multi-family property located in Martinez, California, for a total purchase price of $30,300,000.

The Lighthouse Group, LLC / Plantation Place

Represented Stadium 700, LLC, an affiliate of The Lighthouse Group, LLC, in its acquisition of a multi-family residential project located in Arlington, Texas, known as the Plantation Place, and Court Apartments for a total purchase price of $14,000,000.  In order to acquire the property, we assisted our client in obtaining a loan in the amount of $11,345,000 from KeyBank National Association.

Tides Equities, LLC (fka KSA Equities, LLC) / Alvista Terrace Acquisition

Represented Tides Equities, LLC in connection with the $72,500,000 joint venture acquisition of the Alvista Terrace Apartments, a 366-unit apartment community in Colton, California.  Equity was provided by Drake Real Estate Partners, which was represented by Katten Muchin Rosenman LLP.  Financing was provided by MF-1 Capital LLC, which was represented by Holland & Knight LLP.

Pembrook Capital Management / Preferred Equity – Golden Bee Properties

Represented Pembrook Capital Management in connection with a preferred equity investment in a joint venture with GZ Portfolio V, LLC.  The joint venture formed a limited liability company to acquire a portfolio of four apartment buildings located in Los Angeles, CA and Panorama City, CA. CIT provided the senior loan for the acquisition of each of the properties, with the loan totaling $4,480,000.  The borrower was represented by Friedman and Friedman.  CIT was represented by Posinelli.

Pembrook Capital Management / 14949 Roscoe Blvd – Senior Loan for Golden Bee Properties

Represented Pembrook Capital Management in connection with a $6,187,786 loan to Roscoe 25 LLC to finance the acquisition of an apartment building in Panorama City, CA.  The borrower was represented by Friedman and Friedman.

CRP MB Studios Equipment Holdings LLC / MBS Legal General

Represented The Carlyle Group, as co-counsel with Simpson Thacher & Bartlett LLP, in their sale of the MBS Media Campus, a 22-acre complex in Manhattan Beach, California and their simultaneous sale of the MBS Equipment Company and the related asset management company to Hackman Capital Partners for approximately $700 million.

Lighthouse Group, LLC – East Pointe at Altamonte Springs

Represented Towers on Western, LLC, an affiliate of The Lighthouse Group, LLC, in its acquisition of a multi-family residential project located in Altamonte Springs, Florida, for a total purchase price of $47,400,000.  We also assisted our client in obtaining an acquisition loan in an amount of $37,280,000 from KeyBank, N.A.  Seller was represented by Johnson, Pope, Bokor, Ruppel, & Burns, LLP out of Tampa Bay, Florida and lender was represented by Snell & Wilmer, LLP.

Arrowroot Real Estate – Lamar Station

Represented Arrowroot Real Estate Fund in the acquisition of an apartment complex in Austin, Texas for a purchase price of $28,800,000.00.  The transactions included a loan from Zions Bancorporation, N.A. dba California Bank & Trust in an amount of $23,749,373.00.

Ocean West Capital Partners – Sale of 2335 Alaska Ave.

Represented OW-Aberdeen Alaska St. Owner, LLC, an affiliate of Ocean West Capital Partners, in its acquisition of a multi-family residential building in Santa Monica for a purchase price of $25,000,000.  This acquisition was the second leg of a 1031 exchange that included the sale of a commercial office building.  The transaction included the corporate restructuring of a preexisting joint venture, the issuance of a member loan, and the acquisition itself, all of which took place one week from the date the purchase agreement was signed.

  • “Sklar Kirsh helped us achieve the impossible.  The SK team is incredibly strategic, accommodating, and downright brilliant.  They guided us deftly through a maze of complex decisions that would have otherwise been bewildering.  Every member of the SK team has been a true partner for us since day one, and they’ve worked around the clock to get us to our stated goal – to build an even stronger company that can do more good for its customers and staff."
    — Jack Li, CEO of Datassential

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