With one of the largest, most experienced and diverse real estate and development practices, Sheppard Mullin represents corporate owners, investors, retailers, developers, builders, major landowners, lenders and local agencies on every aspect of development. Our range of expertise and practical experience includes:
We have represented clients in many types of developments, including:
Sheppard Mullin is consistently recognized as one of the top real estate firms nationally and in California. Commercial Property Executive ranked Sheppard Mullin as a Leading Real Estate Law Firm (2012). Sheppard Mullin has the most California real estate lawyers amongst AmLaw top 75 firms. Chambers USA has recognized the firm as top tier in California for Real Estate; Real Estate: Zoning/Land Use and Environmental Law (2012). U.S. News & World Report (with Best Lawyers) ranked Sheppard Mullin nationally as among the “Best Law Firms” in the country in including Tier 1 rankings in Land Use and Zoning Law and Natural Resources Law, Tier 2 for Environmental Law and Tier 3 for Litigation - Real Estate, and Real Estate Law. Additionally, we were recognized for Metropolitan Tier 1 Rankings in Los Angeles, San Diego and San Francisco (2013). Our land use group has ranked first in California by The Legal 500 (2012). The Recorder, the California daily legal publication, recognized Sheppard Mullin as having a leading environmental practice in Northern California (2012). Several of our partners have been annually individually recognized by the Best Lawyers in America, Chambers USA, and The Legal 500 and elected to the American College of Real Estate Lawyers (ACREL).
Our lawyers function as an integrated team. Not only do we have bench strength with more than 60 real estate, land use and environmental attorneys; we also have significant depth and breadth. Our lawyers bring concrete and cost-effective advice in connection with any issue facing our clients. We pride ourselves on practicality and problem-solving.
Real Estate Acquisition and Disposition
Sheppard Mullin advises clients on a regular basis in complex real property purchase and sale transactions. Among the many clients represented by the firm’s Real Estate attorneys are purchasers and sellers of property used for office buildings, shopping centers, retail malls, industrial and R&D projects, mixed use projects, and raw land for development, among others.
We negotiate and document real property acquisitions and dispositions, as well as assist clients in conducting due diligence investigations in connection with these transactions. This work also includes investigations and reviews regarding title, land use, zoning and other entitlement issues, leasing and other contractual obligations and the environmental and physical condition of real property and improvements. We also are experienced in structuring and documenting acquisitions and dispositions of real property portfolios.
Drawing upon our years of experience representing financial institutions and lenders regarding real estate related matters, as well as developer/ builder borrowers, our lawyers are frequently consulted about the financing of various acquisitions. Often, we can introduce the developer/owner of a project to prospective lenders and investors. Because of our experience in representing lenders, we are able to cost effectively provide representation concerning all forms of acquisition financing.
Sheppard Mullin represents clients in commercial leasing transactions. Our experience extends across the range of commercial real estate property types, including retail, urban and suburban office, industrial park, shopping center, mixed use office, distribution, television studio, biotechnology, laboratory and special use research and development facilities. Many of Sheppard Mullin’s clients, whether owners, investors, financial institutions, developers or major manufacturers, have large portfolios of commercial real estate which involve the full range of portfolio management issues and related legal services.
We prepare and negotiate numerous special purpose leases for urban high rise buildings, suburban office parks, corporate headquarters, research and development campuses, mixed use projects and free standing retail, industrial and commercial facilities.
The diverse legal skills of our attorneys allows Sheppard Mullin to deliver the correct mixture of ability to any leasing transaction, and our practical experience spans the spectrum of leasing transactions, a sampling of which has included:
Real Estate Finance
Our lawyers assist lenders in structuring loan transactions and in assuring that such transactions comply with regulatory requirements. We also review title to the collateral and work with title insurers in order to make sure that adequate title insurance is delivered. The most important phase of loan documentation is the preparation and negotiation of the loan documents. Transactions are documented on the basis of custom drawn documents or, where the client so desires, on the basis of client generated forms with adaptations as necessary to fit the transaction. Emphasis is placed upon making documents clear and concise and avoiding overreaching provisions and the use of excessive "legalese." A recent survey of banking lawyers by the Los Angeles Daily Journal ranked a selection of our lawyers among the best in the field in California. Several Sheppard Mullin attorneys are also members of the American College of Real Estate Lawyers and/or are listed in the "Best Lawyers in America" for real estate, workouts and bankruptcy.
We have significant experience in documenting all types of real estate secured loans, including the initial documentation of construction and term loans, and have experience with issues presented by modifications, additional advances and workouts/restructurings. We also provide counsel with the negotiation and documentation of tri-party agreements with permanent lenders and participation agreements with participant banks.
Sheppard Mullin lawyers bring a valuable perspective to the representation of real estate lenders as a result of our firm wide expertise in representing owners and developers of real property. On the "other side of the table," we have been involved in major land assemblies and the development of residential tracts, condominiums, hotels, industrial parks, retail centers and major high rise office buildings.
Real Estate Tax
Sheppard Mullin’s Tax attorneys advise clients in the real estate industry on a broad range of tax issues associated with real estate transactions, as well as with forming, managing, expanding and dissolving real estate entities and ventures to maximize potential benefits. We provide tax counsel on a broad scope of real estate matters, including:
We regularly advise clients on sophisticated transactions, including tiered partnerships and LLCs, sale leasebacks, tax exempt transactions, securitizations, multiparty agreements and reverse or deferred exchanges. We also represent real estate developers, investment funds, banks and insurance companies on the tax ramifications of real estate related acquisitions, development, dispositions, financings and construction.
I've known David for years and appreciate his ability to digest the facts at hand and come up with a solution.Read more
I've known David for years and appreciate his ability to digest the facts at hand and come up with a solution.
Richard Simmons is an expert in his field and the "go to" person for wage hour advice and litigation.Read more
Richard Simmons is an expert in his field and the "go to" person for wage hour advice and litigation.Read less
It is a true pleasure to work with Bob. I can offer no higher compliment than to say that he is an trusted counselor.Read more
It is a true pleasure to work with Bob. I can offer no higher compliment than to say that he is an trusted counselor.Read less
After 16 years and various nightmares caused by 9/11 budget cuts, after dealing with numerous attorneys before hand, Greg came through where others di...Read more
After 16 years and various nightmares caused by 9/11 budget cuts, after dealing with numerous attorneys before hand, Greg came through where others did not. I highly recommend him, and am thankful for my green card, when I thought the situation was hopeless.Read less
"As Sheppard Mullin continues to grow, it is important that we not lose sight of the need to recruit women, attorneys of color and others of diverse backgrounds."
-Guy Halgren, Chairman of the Executive Committee
At Sheppard Mullin, we make every effort to recruit the finest lawyers and nurture their talents. The firm recognizes the importance of diversity and the need to create a workplace of inclusion. We need ¿ and our clients demand ¿ a team of attorneys that is as diverse as our increasingly global client base. Achieving and maintaining diversity is key to great client service ¿ a core value of our firm. What distinguishes good intentions from results is a commitment by senior management to find the best attorneys possible coupled with the sincere belief that people with diverse backgrounds bring valuable attributes to the firm. At Sheppard Mullin, the Executive Committee, Diversity Committee, and the lawyers in each of our offices work hard to ensure that all attorneys who join our firm fit in seamlessly and are encouraged to succeed.
Members of our Diversity Committee include ethnically diverse attorneys and a representative from the firm's Executive Committee. Diversity Committee members have served on the Boards of the Anti-Defamation League, the Black Women Lawyers Foundation (Los Angeles), and the Charles Houston Bar Association (northern California). Women and minority attorneys participate on key committees of the Firm (Executive Committee; Compensation Committee; Diversity Committee; Recruiting Committee; Professional Personnel Committee; Associate Issues Committee). Four of the Firm's nine Office Administrative Partners are women, one of whom is African-American and another is multi-racial.
"Serving on the firm's Diversity Committee is one of the most important things I do. I firmly believe that we must be vigilant in our efforts to recruit talented women attorneys and attorneys of color. Our success in this area has a positive effect our firm's culture, practice and client relationships."
-Joan Story, Member Executive Committee and Diversity Committee
Below is a description of just some of our outreach efforts.
Much of our pro bono work relates to the diversity of the communities in which we practice; sample clients include:
Awareness of diversity enables us to understand the value of differences. At Sheppard Mullin, we are committed to hiring top tier attorneys, without regard to race, ethnicity, gender or sexual orientation.