Benzion J. Westreich

Representative Experience

• Financings/workouts

• Represent various NBA, MLB and NHL teams in their acquisition, construction and long-term financing (including public/private financing) for arenas, ancillary facilities and mixed-use developments.
• Represent lenders to NFL and MLS teams in their acquisition, construction and long-term financing for stadiums (usually note purchase structures, but including subordinate financings).
• Represent a NYSE company in its secured and unsecured lending, including construction facilities and mezzanine loans.
• Represented a major US investment bank in various real estate mortgage and mezzanine financing transactions throughout the United States (including, in many instances, equity participation features). Transactions also included individual loan/loan portfolio sales and purchases (ranging from $10 million to $100 million).
• Represent CIM Group as borrower in various real estate acquisition, development, construction and permanent financing transactions throughout the United States. 
• Represent a NYSE company in the exercise of its rights under loan agreements (including land development/construction loans, environmentally impaired real estate, residential/condominium development and office/mixed-use projects).

• Joint ventures

• Represented the Golden State Warriors and the Sacramento Kings in separate joint ventures with third parties to develop, lease and operate office buildings and other mixed-use facilities at the Chase Center in San Francisco and the Golden 1 Center in Sacramento, California.
• Represented numerous clients (including private equity funds, other institutional investors and private entities) and joint ventures to acquire, develop, construct and/or operate office, hotel, retail, residential and mixed-use projects in the United States.
• Represented a private entity in the exercise and implementation of buy/sell transactions under JV documents.

• Acquisition/disposition

• Represented entities in the acquisitions/sales of fee interests in real estate projects across the United States.
• Represented CIM Group in the acquisition and disposition of various assets throughout the United States (in many cases running the full cycle of real estate ownership including development, financing, leasing, management and disposition of assets).
• Represented entities in the acquisitions/sales of REIT equity positions in major real estate projects across the United States.
• Represented private and public entities in individual loan and in loan portfolio sales and purchases.
• Represented an MOB developer in the ownership, operation, financing and development of medical office buildings in California.

• Ground leasing

• Represented the Golden State Warriors in setting up a ground lease structure for their retail at Chase Center and implementing the structure.
• Represented a real estate investor in a ground lease to a communications/ technology company of more than 5,000 acres for development and testing of autonomous vehicles. 
• Represented a corporation in the Times Square Redevelopment Project. *

• General leasing

• Represented the Golden State Warriors (as one of the majority owners) in leases to Uber at the Chase Center of approximately 600,000 square feet and in pop-up leasing and in specialty leasing and licensing, including to Fanatics, Mina and Tyler Florence (including profit-sharing elements).
• Represented a major insurance company in its national leasing program, which included creation of form of general tenant response and of architect and construction contracts. *
• Represented CIM Group as landlord in the leasing of retail shopping centers. *
• Represented numerous private and institutional tenants in negotiating leases for space ranging from 25,000 to 800,000 square feet. *