Real Estate

Real estate law experience that runs the gamut

At Brownstein, we transform your real estate goals into reality. From stadiums, office buildings and shopping centers to large-scale single family and multifamily developments—we have deep experience across a wide range of assets and property types. We know what it takes to bring your projects to life.

With decades of experience in the industry, we recognize that real estate law doesn’t exist in a silo. Today, it encompasses everything from acquisition and disposition to construction and development to environmental regulation and beyond—and often requires strong partnerships with the surrounding communities as well as state governments and municipal entities. At Brownstein, we put our broad knowledge and deep relationships to work for you—providing counsel at all stages of your project to set you up for success.

Our Experience

Multifamily

Brownstein helps developers, owners and real estate investment companies meet market needs in the multifamily space. From zoning and entitlements to financing and construction, our team has worked with our clients to deliver thousands of apartment homes. Representative clients and projects include:

Mill Creek Residential, developer, buyer, and operator of high-quality multifamily properties across the U.S., including the Modera Cap Hill, Modera LoHi, Modera River North and Modera Observatory Park.
Cottonwood Residential, an owner and operator of apartment buildings across the U.S. We have assisted the client in the acquisition, disposition, development and financing of apartment complexes in Tennessee, Utah, Oregon and Texas.
Building Management Company, an owner and manager of multifamily properties in the Denver metro area, including Ivy Crossing, St. Paul Collection, Aurora Hills, Landon Park and Vista Park.

Recognition

Multi-Billion Dollar Purchase of Iconic Vegas Property

As long-time legal counsel to Apollo Global Management, Inc., Brownstein gaming, corporate, real estate and water attorneys served as Nevada counsel and gaming regulatory counsel to Apollo in connection with its $2.25 billion purchase of the legendary Venetian Resort Las Vegas and Sands Expo in Las Vegas from Las Vegas Sands Corp. The deal involved the purchase by Apollo of the operating assets of the Venetian and Palazzo, a secured financing by Sands, and the lease of the real estate assets from affiliates of VICI Properties. Brownstein’s expertise navigating the complex Nevada gaming and liquor approvals process coupled with its extensive strategic structuring experience were instrumental in closing this historic acquisition of one of the Las Vegas Strip’s most iconic properties.

Bringing a Cutting-Edge Stadium to the Las Vegas Skyline

After years of excitement, the iconic Allegiant Stadium, a global events destination and home to the Las Vegas Raiders and the UNLV football team, opened its doors further solidifying Las Vegas as the ultimate entertainment destination. Brownstein was integral to making Allegiant Stadium’s opening happen, serving as Nevada counsel to the Las Vegas Stadium Authority. Our real estate team handled the leasing and development of this $1.97 billion, 65,000-seat enclosed stadium. As part of hosting a variety of sports and entertainment events, Allegiant Stadium is expected to generate $620 million annually and create 6,000 permanent jobs in southern Nevada. The Brownstein team also represented the City of Henderson in the sale and development of the Raiders’ team headquarters and practice facility.

Breathing new life into Denver’s Union Station

Redeveloping Union Station—Denver’s 120-year-old historic landmark—involved a myriad of challenges within the public-private partnership arena, as well as across real estate and hospitality law. And for an initiative surrounded by such incredible complexity, involving so many parties and spanning a multitude of sectors, there was only one partner for the job: Brownstein. As legal counsel to the Union Station Alliance (the investment group responsible for the project), our team advised on everything from construction to historic tax credit issues; navigated long-term government leases, an Amtrak sublease and National Park Service approvals; and helped manage funding from multiple sources—just to name a few. Two years later with $54 million invested, Union Station was transformed: becoming a multi-modal transit hub, a destination for tourists and locals alike and a vibrant city centerpiece.

Real Estate

Breathing new life into Denver’s Union Station

50 Golf Clubs: One Successful Transaction

Capitalizing on an opportunity to strengthen its position as The World Leader in Private Clubs™, ClubCorp sought to acquire Sequoia Golf’s stock and assets consisting of 30 owned, three leased and 17 managed properties. The challenge was that it had to be negotiated and closed in two months. A long-term client relationship with ClubCorp allowed Brownstein to ramp up quickly facilitating the equity purchase and managing the real estate aspects of the transaction. The deal, valued at roughly $265 million, successfully closed within the two-month timeframe increasing ClubCorp’s private club count from 150 to 209. Today, Brownstein continues its long-term representation providing legal counsel on a number of matters.

An Unprecedented Settlement for a Housing Developer

We successfully delivered a housing developer client an unprecedented settlement with the City of Ojai following a contentious land use process and a CEQA lawsuit and referendum. Brownstein’s team was brought in to serve as land use and litigation counsel and ultimately negotiated a settlement with the City of Ojai to streamline permitting for 98 units (including 32 deed restricted affordable units) on four properties. Ultimately, the city unanimously approved the settlement agreement which not only discounted development fees, and provided other significant benefits to the developer, but also set aggressive deadlines for processing entitlements and building permits.

Transforming Rockies’ West Lot into a Vibrant Mixed-Use Development

When the owner of the Colorado Rockies sought to develop what has been deemed one of “downtown Denver’s most ambitious construction projects in years,” Brownstein was tapped to turn this dream into a reality. McGregor Square, an award winning 659,000 square-foot mixed-use development, will be a year-round destination for fans, visitors and local residents. The Brownstein real estate team was instrumental in securing its home—a former parking lot adjacent to Coors Field— via a 99-year ground lease. McGregor Square houses a Colorado Rockies Hall of Fame facility, a full-service hotel, 234,000 square-feet of office space, 65,000 square-feet of retail space, 114 residential condominium units and an outdoor plaza with state-of-the-art audio-visual technology for concerts and entertainment.