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Real Estate Development

With decades of experience, Vinson & Elkins’ Real Estate lawyers have addressed virtually every aspect of real estate development, regularly advising investors and property owners regarding everything from initial property evaluations and acquisition through finance, development, construction, entitlements, leasing, and final disposition of properties. The scale and complexity of our work provides our Real Estate Development practice with insights into cost efficiencies and strategic solutions that enable our clients to focus on completing their projects.

V&E’s team of lawyers actively and regularly represents clients regarding millions of square feet throughout the U.S., including more than $1 billion in new product development for a single client with a national real estate portfolio. We engage on a wide range of real estate projects, from industrial properties, energy industry development projects, office buildings, corporate headquarters, and retail centers to multifamily properties, mixed-use facilities, and raw land development. In addition, we help clients form joint ventures to develop commercial properties as we connect developers, investors, ideas, and capital. V&E’s Real Estate lawyers further assist clients in structuring, optimizing, and leveraging their real estate holdings, devising national development programs involving a wide range of properties. We also advise tenants and prospective tenants, as well as owners and developers, regarding issues in the context of build-to-suit and ground lease arrangements.

When fitting, V&E’s strong, multidisciplinary platform enables us to coordinate comprehensive guidance to provide clients with the most pertinent advice. We have extensive experience regarding real estate tax matters, including tax-advantaged structuring, income tax liability, and tax-incentive and tax-credit qualification. Our environmental lawyers are proficient in matters regarding compliance, environmental due diligence, and contamination containment and remediation obligations. Recognizing that each project and each jurisdiction has its own challenges, requirements, and restrictions, we offer clients the added value of our long-established national network of consultants and local counsel. They assist us in expeditiously resolving permitting, land use, zoning, and other entitlements issues, to assure compliance with all applicable laws, and resolve design and construction matters—all of which require market specific knowledge.

Experience Highlights

  • A real estate investment firm in its formation of a joint venture for the acquisition of five separate tracts of land, totaling approximately 245 acres for the development of a 1.1 million-square-foot industrial development (build-to-suit for national retailer) located in Wilson County, Tennessee

  • A real estate investment firm in its $2.2 million acquisition of approximately 35 acres of land located in Dauphin County, Pennsylvania, for the development of an industrial building of approximately 249,600 square feet, parking, and related site improvements

  • A national retail developer in the formation of $100 million retail development joint venture

  • Dyno Nobel Inc. in the development of an $850 million anhydrous ammonia plant in Louisiana, including project development arrangements, real estate and environmental matters, and negotiation of CO2 and ammonia offtake agreements

  • A developer in connection with the formation of a joint venture and the leveraged acquisition of an office building in Houston, Texas

  • A developer in the leasing and management of several Class A office buildings in the Nashville, Tennessee, metro area

  • A developer in connection with a 212,845-square-foot, five-story, Class A office building in Houston, Texas, including financing and joint venture with institutional investor

  • A developer of data centers (including private data centers and ready-to-fit data centers) in Houston, San Antonio, Dallas, Plano, Denver, and Minneapolis, with institutional real estate funds and private investors, including site acquisition, development, financing, and formation of joint venture and take-out arrangements with equity sources

  • Developer of a multiphase office project in The Woodlands, Texas, including annexation into a municipal utility district, construction financing, and a joint venture with an equity source

  • A developer in the formation of programmatic equity fund with a major life insurance company for acquisition and development of up to $200 million in office and industrial projects in major metropolitan areas of the southeastern, southwestern and western United States


Recent Notable Real Estate Transactions Closed During the Time of COVID

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