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SOUTHERN CALIFORNIA RECORD

Thursday, March 28, 2024

GREENBERG TRAURIG: Greenberg Traurig Represents Mosaic Real Estate Investors in $460 Million Construction Loan for Development of Ritz-Carlton Portland

Law money 12

Greenberg Traurig issued the following announcement on July 31.

Global law firm Greenberg Traurig, LLP represented an affiliate of Mosaic Real Estate Investors, a commercial real estate debt platform and investor, in connection with a $460 million construction loan to affiliates of BDC Development and Walter C. Bowen for the development of the Ritz-Carlton Project in downtown Portland, Oregon. 

According to Mosaic, once completed, the project is expected to include the Ritz-Carlton Residences, a private subdivided condominium parcel including 138 private condominium residences; the Ritz-Carlton Hotel, a 251-room five-star hotel consisting of 383,895 square feet; and roughly 184,000 square feet of Class A office space. 

Greenberg Traurig’s deal team was led by shareholder Michael H. Davis and included shareholders Peter C. Kelley, Jonathan I. Lessner, and Lawrence H. Brenman; associates Sarah C. Brenner, Scott R. Szkolnik, Bryant K. Lee, Randall E. Allen, and Dillon R. Colucci; and paralegals Kate Cregor and Trish Lamb. 

Davis’s practice experience includes representing real estate funds, REITs, institutional and non-institutional real estate investors, developers, operators, and financial institutions in a broad range of matters including senior, mezzanine, construction, bridge, and secondary market financings; commercial leasing, including ground leasing, retail, restaurant, industrial and office leasing; forming and representing joint ventures and negotiating joint venture agreements; acquisitions and dispositions of a variety of real estate asset classes including multifamily, office, retail, student housing, self-storage, industrial senior housing, hotels and resorts, timeshares and condominiums; and structuring and representing real estate private equity funds. 

Original source can be found here.

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