Navigating the purchase, development, financing, leasing or sale of a property requires a sophisticated advisor with experience in every phase of the process. Paul Hastings delivers comprehensive, business-focused counsel across the full real estate life cycle, helping clients move confidently from opportunity to execution.

Client Successes

• Advised Morgan Stanley as the lead lender on the $2.42 billion financing of Ala Moana Mall in Honolulu — widely recognized as the most valuable shopping center in the United States with an appraised value exceeding $3.75 billion.

• Advised Morgan Stanley, JPMorgan and Citibank on the $1.2 billion mortgage financing of the iconic Seagram Building — one of New York City’s most recognizable office towers, owned by RFR Realty.

• Advised ACORE Capital on its $85 million preferred equity investment as part of Driftwood Capital’s $1.2 billion portfolio consolidation transaction. The deal involved a portfolio of 18 branded hotels, including Hilton, Marriott and Margaritaville properties, totalling over 4,200 rooms across 10 U.S. states.

• Advised Goldman Sachs on the $850 million acquisition financing of the Fashion Show Mall, a super regional mall and tourist attraction in Las Vegas.

• Advised Natixis, alongside the firm’s infrastructure group, on the $737 million construction financing of a state-of-the-art, build-to-suit life sciences facility at 75 Broadway in Cambridge, Massachusetts.

• Advised citizenM, on the financing of a 14-hotel U.S. portfolio.

• Advised Greystar on a complex senior mezzanine loan and junior mezzanine loan, both secured by indirect interests in a nine-property portfolio of Class A, garden-style multifamily communities across the United States.

A Leading Real Estate Finance Team

We represent lenders and borrowers across the full spectrum of real estate financings — from traditional commercial loans to highly structured capital markets and securitized transactions. With deep finance and debt capital markets experience, our team has the industry insight and technical sophistication to advise clients on every type of financing structure.

Wide-Ranging Finance Experience

• We have led on many of the world’s most significant real estate finance and securitization transactions, including the first true publicly offered CMBS in Europe since 2007 and the first European CMBS to extend CMBS note maturities.

• We advised on the first non-recourse real estate loans in Japan and some of the earliest NPL bulk auctions, acquisitions and financings in China, Japan and across the Asia-Pacific region.

• We stay at the forefront of CMBS regulatory and market developments, guiding clients on evolving SPE covenant standards and structures that meet REMIC and rating agency requirements.

• We set the market standard for intercreditor agreement negotiation in mezzanine financings, informed by deep experience enforcing remedies and by the latest case law shaping lender rights.

• With a global platform, we seamlessly support clients’ real estate finance needs across multiple jurisdictions.

Recognition for our Real Estate Finance Practice