- FSPW Represents Acquirer of Century City Office Building:
We recently represented the purchaser, through an entity serving
as an I.R.C. Section 1031 exchange intermediary, in its 2014
acquisition of an office building on Century Park East in Century
City. We had represented the same entity in its earlier disposition,
through that same Section 1031 exchange intermediary, of an office
building in Santa Monica, CA. In December 2014, we represented
the owner in refinancing its new office building with a floating rate
amortizing $21.65 million loan (interest only for the first year), with
funds set aside for capital improvements and TI’s.
- FSPW Leads in 2014 Commercial Property Portfolio
Acquisition: We recently served as lead counsel on the 2014
acquisition by one of our clients of a portfolio of commercial
properties. The portfolio included the Two California Plaza building
in Downtown Los Angeles (approx. 1.3 million square feet).
- FSPW Welcomes Andrew S. Kwok: We are very pleased to
announce that Andrew S. Kwok recently joined our Firm as a
Partner. Mr. Kwok's professional biography appears on the
"Attorneys" page of this website.
- FSPW Office Relocation: In 2014, our West Los Angeles office
moved from 1801 Avenue of the Stars in Century City to its new
location at 10990 Wilshire Blvd., Suite 1000, in the Wilshire-
Westwood commercial district of West Los Angeles. Please update
your records to reflect our new West Los Angeles address. Our
Downtown L.A. Office remains at 601 S. Figueroa St., Suite 2320.
- FSPW Represents Borrower in Refinancing of Two Office
Buildings: We recently represented an out-of-state client in
connection with California aspects of (including preparation and
delivery of required California legal opinions for) its mortgage
refinancing, for over $85 million, of two buildings west of Downtown
Los Angeles. We had represented the same client in the same
capacity in 2008 when it acquired the buildings and financed that
acquisition with a mortgage loan for over $90 million.
- FSPW Represents Borrowers in Loans Secured by Condo
Units: We represented affiliates of a client, the owners in bulk of
condominium units, in documenting and closing a $29 million
mortgage financing of its condo units in a Las Vegas condominium
project and then in a $113 million mortgage financing of its condo
units in a New York City condominium project. In 2014, we assisted
the owner of the then-remaining unsold condo units in the Las
Vegas project in refinancing those units for $29+ million.
- FSPW Represents Large Multistate Warehouse Tenant: We
recently represented a client in negotiating and documenting the
terms of (i) a new lease for a 150,000+sf warehouse in Texas (and
related tax abatement agreement with the local municipality), (ii) a
modification of its warehouse lease in New Jersey to increase its
premises by 75,000+sf, and (iii) an extension of the term of its lease
for approximately 200,000+sf of warehouse premises in Illinois with
the landlord providing various negotiated concessions.
- FSPW Represents Habonim Camp Kvutza: On a pro bono basis
we represented Habonim Camp Kvutza, a tax-exempt public benefit
corporation, in purchasing from another public benefit corporation
(with first mortgage financing from the seller) a 40+ acre camp in a
majestic setting in the San Bernardino Mountains, together with
licenses to access hiking trails, a lake and beach and rights to use
and draw from water wells on certain adjacent property. Having
rented the property in past summers, the client will continue using it
for its youth summer camp and nature programs.
- FSPW Represents Buyer of Sacramento Office Plaza: We
recently assisted one of our clients in acquiring a premier, Class A
Downtown Sacramento office plaza, including a 20+ story office
tower, an adjacent parking structure and a nearby building
containing both a parking annex and retail stores.
- FSPW Represents Purchaser of Central California Farmland:
We recently represented a client, a major producer, bottler and
distributor of olive and other oils, in connection with its purchase,
through a newly formed LLC affiliate, of over 1,000 acres of
farmland straddling the Santa Barbara County and San Luis Obispo
County boundary. Our client intends to use a large portion of the
newly-acquired land as an olive tree orchard and, ultimately, to
harvest and press olive oil there.
- FSPW Represents Acquirer of Melrose Ave. Building: During
Q3 of 2015, we represented a New York hedge fund in its
acquisition and financing through its wholly-owned special purpose
subsidiary of a commercial building located on Melrose Ave. in West