Jon Grizel

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Primary Office

Real Estate Sales and Acquistions

Select representations include: 

  • A developer/seller in the sale of two 20-plus acre industrial sites in Southern California
  • A purchaser in the acquisition of local retail centers in California. 
  • A purchaser and subsequently the seller in connection with the acquisition and ultimate sale of a 70-acre shopping center in Northern California including negotiating and documenting the purchase agreement and advising the client with respect to title matters, general due diligence and leasing and lease termination matters. Negotiated and documented an acquiring entity joint venture agreement with the institutional investor. Negotiated and documented management and leasing agreements.
  • A lender/seller in repositioning a foreclosed, high-profile hotel/condominium property for sale in Northern California. The deal required completing construction, procuring permits, interfacing with city and county regulators, and negotiating and documenting the sale agreement.

Real Estate Finance

Select representations include:

  • A national commercial lender in various commercial loan transactions secured by real estate.
  • A client in their role as the primary equity investor of $55 million in various Southern California commercial developments and raw land acquisition in connection with the restructuring of interrelated joint ventures. Negotiated and documented amendments and agreements to accomplish the restructuring. Represented the client in the outright acquisition of commercial properties previously included as assets in the joint venture ownership. The representation included extensive negotiation as to environmental matters including the allocation of responsibility for potential environmental liability and placement of environmental insurance.
  • The borrower in an $85 million syndicated loan for the construction of student housing in Southern California.
  • The lender in $18.3 million construction loan for a shopping center in Rancho Mirage, California. The transaction included negotiations with a subordinated debt holder.
  • A mezzanine lender in negotiating and documenting a $14.4 million conveyance-in-lieu of foreclosure transaction, transferring to the lender pledged membership interests in a multi-family residential development in Arizona.
  • A lender in negotiating and documenting an $18 million deed-in-lieu transaction with contractors and a home purchaser of a partially constructed high-end residential development in Los Angeles. The transaction involved coordinating with the Department of Real Estate (DRE) on compliance matters.