HechtSolberg is pleased to announce that Governor Arnold Schwarzenegger has appointed our partner Paul Robinson to the San Diego County Regional Airport Authority Board.  Paul assumed his new position Monday, May 17, and will serve a term running through June 30, 2011.

Paul is a specialist in land use, environmental and governmental law.  He has been with HechtSolberg since 1980 and is a partner in the firm’s Land Use, Planning and Entitlement group.  Before joining the firm, he was an assistant to Mayor Pete Wilson and before that, a deputy city attorney.

During his 37 year legal career, Paul has successfully represented dozens of commercial and residential land owners in significant development projects throughout San Diego and Southern California.

Paul is a member of the Real Property and Public Law sections of the California State Bar, Real Estate and Land Use sections of the San Diego County Bar Association, Lambda Alpha International, National Association of Home Builders Legal Action Network and the San Diego Lincoln Club Board of Directors.  He is active in the San Diego Chamber of Commerce and the Downtown Partnership.  Paul also currently serves as chair of the Mission Bay Park Committee, a mayoral and City Council appointment.

Paul has been chosen by his peers to be listed in the 2007, 2008, 2009, and 2010 Best Lawyers in America publication.

HechtSolberg and Tyler W. Cramer are pleased and excited to announce their alliance to help clients raise equity and debt financing from private investors.

In the current economic climate, many home builders, land developers and businesses are seeking alternative funding sources. One of those alternatives — private placements — raises equity investment or debt financing from private parties with investment offerings that are exempt from certain requirements of federal and state securities laws.

Our combined expertise will improve client opportunities for private placements, creating another needed source of real estate and business financing. (more…)

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:

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