The original asset, real estate often serves as the cornerstone of progress and achievement. However, ownership of and investment in real property is wrought with potential pitfalls that can cost time and money. Drawing on our deep understanding of the competitive pressures of today’s market, the real estate lawyers at McDermott provide clients a complete service offering for their real estate acquisition, operation, leasing, financing and development needs.
Our professionals handle matters spanning from the structuring of large, complex acquisitions through development and ultimate disposition. We advise a diverse group of clients, including developers, lenders, operators, private owners and real estate investment trusts (REITs), and frequently represent landlords and tenants in all facets of office, commercial, retail and industrial leasing transactions. Additionally, we counsel hospitality clients in all aspects of their businesses. Backed by the world’s leading health care law practice, we also have extensive experience handling real estate matters for companies in the health industry.
We take an interdisciplinary approach, providing a comprehensive offering that includes transactional, portfolio management and leasing counsel. McDermott provides top-notch advice in all areas of real estate law as well as related legal issues, including litigation for construction and real estate disputes, environmental land assessments, labor and employment guidance for hotels and resorts, financing for renovations and expansions, and tax guidance for deal structuring.
A global team, we are immersed in our local markets. Our lawyers have worked on iconic commercial projects that have helped shape the Manhattan landscape, as well as the luxury hotels lining South Beach. Some of our clients include Ian Schrager Company, Hotel Association of New York City, RFR Holding LLC, Blackstone Group and NorthStar Capital. In Europe, our German real estate team is a market leader, advising developers on large-scale acquisitions, operators with retail property management, and private investors with their hospitality portfolios.
Our real estate law team in Germany provides advice on the full spectrum of real estate transactions (including asset and share deals), joint ventures, financings, project development, leasing and inventory management in all of the top markets throughout the country. In addition to our German clients, we have counseled real estate businesses (including owner-operated companies), institutional investors, private equity funds, asset managers, insurers, pension funds, real estate consulting companies, family offices and financial institutions from the United States, United Kingdom, France, Austria and other countries. JUVE Handbook, The Legal 500 Deutschland and Chambers Europe regularly name us as a top practice and praise our lawyers for our “legal and commercial know-how” and our “quick, clear and practically oriented legal advice.”
McDermott counsels clients in the hotels, hospitality and themed-entertainment space in all aspects of the acquisition, development and operation of their real estate assets. We advise hospitality clients on the full range of issues, including the structuring and implementation of hotel management agreements and the leasing or management arrangements for food and beverage operations. Our team regularly assist clients in solving the most challenging problems by bringing a cross-disciplinary team comprising corporate, tax, labor and employment, IP, government strategies and environmental lawyers to provide sophisticated and holistic legal advice. We have had the pleasure of working with some of the most respected real estate developers in the hospitality industry in the United States, including in New York, and are widely known as the go-to firm for luxury and boutique hotel developments.