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. Read the rest of this entry »

At HechtSolberg we focus on business, real estate and construction — three footings for building national economic recovery. With that focus in mind, we reviewed the new federal and state economic stimulus laws to identify key provisions affecting our clients. We want you to have our summary outline of those key provisions as a convenient resource.

You will find tax credits and other tax-related incentives and benefits. You will find housing-related incentives, including how some home buyers will be eligible for both federal and California income tax credits. You will find a wide variety of opportunities for building, retrofitting and remodeling residential, office and other properties in the private and public sectors, in urban and rural settings. You will also find efforts to rekindle SBA lending for small businesses. And there are opportunities for developing, growing and capitalizing on industries critical to our future — energy efficiency, sources of renewable energy and health care among them.

Our mission is to help you identify and capitalize on elements of the new laws that will help you stimulate your business, so that you in turn can produce and stimulate other businesses.

To view our stimulus summary, click here.

For more information contact Michael Van Horne or Mickey Maher at 619.239.3444.

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:

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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; Read the rest of this entry »

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.