HechtSolberg would like to introduce our new website.
The major decline in real estate prices the past two years has resulted in the availability of a large number of troubled real estate development properties. Some are from developers whose projects are subject to pending foreclosure or distress sale. Others (either individually or as part of a portfolio) are from lenders who have already foreclosed or taken properties back by deed in lieu. In addition, a number of lenders holding defaulted real estate loans are seeking to sell those loans, again either individually or as part of a portfolio. Finally, portfolios of property and defaulted loans are expected to become available as a result of the recent Emergency Economic Stabilization Act. Some of the distressed real estate assets becoming available require targeted and specialized expertise, particularly those in the process of development or sales, or where there may be a need to reprogram or redevelop to extract a property’s value. For example:
HechtSolberg is pleased to announce the expansion of its practice with
THE ADDITION OF PARTNERS…
Michael A. Van Horne,
specializing in the areas of real estate & business transactions & finance, estate planning & trust administration;
AND
Marianne F. Adriatico,
specializing in the areas of real estate & business transactions & finance, land use planning and entitlement, commercial development & investment, common interest residential & resort development; (more…)
HechtSolberg’s land use group, led by Paul E. Robinson, successfully helped entitle the Casa Mira View project, an 1,848-unit multifamily community in the City of San Diego. The project received unanimous approval from the San Diego City Council and was lauded for its incorporation of cutting-edge green building concepts. For more information, contact Paul E. Robinson at (619) 239-3444.
HechtSolberg attorneys are advising a restaurant accounts receivable lender in connection with its acquisition and subsequent operation of numerous chain restaurants in California and Oregon. HechtSolberg is drawing on its collective experience to structure and negotiate most aspects of the deals, including arrangements with landlords, franchisors and other lenders. For more information, contact Darryl O. Solberg at (619) 239-3444.
Six HechtSolberg lawyers were named ‘Super Lawyers’ in 2008. David W. Bagley II, Susan L. Daly, A. John Hecht, and Darryl O. Solberg were selected in the Real Estate category for the second straight year. Darryl O. Solberg was also selected in the Business/Corporate category, and Paul E. Robinson was selected as a Super Lawyer in the Land Use/Zoning category. The ‘Super Lawyer’ designation is granted after peer evaluation and independent industry research.
HechtSolberg’s land use team, led by David E. Watson, is working on the development of the Yokohl Ranch project, a 36,000-acre, master-planned community in Tulare County, California. HechtSolberg attorneys are providing strategic leadership in securing the project’s entitlements and developing its master plan concept. For more information, contact David E. Watson at (619) 239-3444.
Richard A. Schulman, a HechtSolberg partner, successfully represented various clients against then-City Attorney Mike Aguirre. For example, in one matter, Aguirre issued a memoranda calling a development project ‘illegal.’ After its approval, Aguirre’s staff insisted on challenging the project in court. Mr. Schulman obtained a court order removing Mr. Aguirre and his staff not only from the case, but also from all remaining administrative matters on the project. For more information, contact Richard A. Schulman at (619) 239-3444.
HechtSolberg’s common interest development attorneys and paralegals, led by Marianne F. Adriatico and Elizabeth W. Borg, are part of the team assembled to develop a 31-lot, planned-unit development in Pauma Valley. HechtSolberg lawyers are structuring the legal framework for an operational orange grove to be managed by the homeowners’ association as part of the project. For more information, contact Marianne F. Adriatico at (619) 239-3444.