Miles & Stockbridge’s attorneys frequently assist developers of commercial and residential properties providing the key legal services they need in connection with land acquisition, land use, development planning, construction contracting, financing, leasing, operations, sales, and tax planning. We combine detailed knowledge of all legal and business aspects of the development process with a thorough understanding of the multi-jurisdictional development requirements and market conditions throughout the greater mid-Atlantic region. As a result, our attorneys, at offices strategically located throughout this region, can provide focused advice based upon the precise needs of any developer client, helping them at all stages of the development process:
We recommend the entity form calculated to help developers achieve their financial, tax and operating objectives. Limited liability companies are a major focus of our practice because of their tax and personal liability advantages, but we also advise our clients on the creation of limited partnerships, Subchapter S Corporations and a variety of other business forms as client needs dictate.
Our lawyers advise on all the details of land acquisition, from due diligence in determining the condition of the property, to working with state highway and local governmental officials to ensure adequate access. The attorneys in our Development practice have particular strength in securing all the elements for effective title insurance, including land surveys and identification of liens.
The attorneys in Miles & Stockbridge’s Commercial Finance practice also advise clients on a wide range of project financing issues. Our Commercial Finance attorneys possess a deep and practical understanding of lender issues and concerns, which well positions us to counsel our clients with respect to project financing and related issues.
Our well-established presence at the local government level and knowledge of the region permits us to pursue crucial and time-sensitive entitlements and approvals for our client’s development projects, and allows us to effectively represent clients in tax assessment appeals.
Our Development lawyers regularly counsel clients in connection with projects that involve special development and enterprise zones and have successfully assisted clients in securing tax abatements and special financing for development projects. For example, our development lawyers represented the owner/developer in the redevelopment of the 1,000-acre Cambridge naval trade facility, which included interacting with the municipal development corporation that is a principal landowner. Our Development lawyers have also worked on other major commercial projects that have benefited from state and county economic development incentives.
Miles & Stockbridge’s Base Realignment and Closure (“BRAC”) team is focused on the implications for real estate development and ownership in and around those jurisdictions that are slated to be most impacted by the decision of the federal government to substantially expand the missions of Fort Meade and the Aberdeen Proving Grounds. Our BRAC lawyers’ advice is informed by this knowledge and brings added value to client representation.
Miles & Stockbridge’s Development lawyers counsel clients on issues ranging from architect and construction contracts to owner/broker listing agreements, needed to bring projects to successful completion. We have worked with commercial landlords and tenants and are focused on providing the legal services needed by large corporate development clients to develop, acquire, lease and divest offices, warehouses and manufacturing facilities - frequently helping to secure state and local financing and other economic incentives. We have also assisted real property investors, such as large publicly traded REITS, with their commercial property transactions.
When projects run into difficulty, we offer practical legal advice to developers regarding bankruptcy and reorganization. Often we can assist our clients in negotiating more favorable loan terms or arranging for asset sales that allow developers to remain going concerns.