INTRODUCTION

DurretteCrump has a varied legal practice in the area of commercial Real Estate & Land Use with experience in serving both private and governmental clients. The firm's real estate practice is lead by Beverley L. Crump who has over 25 years of experience in all areas of real estate law.

• Negotiation of Acquisition and Sales Agreements for Commercial and Residential Projects
• Leasing (Landlord and Tenant)
• Development
• Financing Representing Both Borrowers and Lenders
• Title Examina­tion and Title Disputes
• Zoning, Condemnation, Easement/Right-of-Way Negotiation
• Coordination of Multi-Party Uses, Leasing, Location and Site Permitting
• Mechanic's Lien Litigation

Examples of matters handled include:

• Development and financing of over 4 million square feet of industrial warehouse facilities
• Sale of warehouse portfolio to NYSE REIT
• Leasing of industrial warehouse space to major tenants
• Conduit financing of hotel property
• Sales of hotels
• Purchase of land, development, and construction of hotels
• Conservation and open space easements on undeveloped real estate
• Represented land owner in sale of land for multi-phase multi-family residential real estate development
• Financing of $530,000,000 power plant in Hanover County, Virginia, for international lending institution, serving as local counsel
• Partnership reorganization acquisition and conduit financing of a group of shopping centers
• Residential and commercial development representation including acquisition and financing on behalf of private developers; representation of lenders on industrial and commercial projects; acquisitions of existing properties and foreclosures and workouts on behalf of lenders and owners
• Lease negotiations on behalf of landlords and tenants, litigation of landlord/tenant issues on behalf of landlords and tenants and general landlord/tenant representation.
• Lender's counsel for local lenders including drafting and review of documents, review of title matters, negotiations with borrower's counsel and approval of transaction documents
• Acquisition, sale, leasing and financing of commercial and industrial properties
• Counsel for developer in 3 million square foot high bay warehouse development project
• Counsel for developer-purchaser in acquisition financing of chain of shopping centers
• Counsel for lender in industrial and commercial loan transactions
• Acquisitions and sales of commercial marinas
• Section 1031 Exchanges of industrial and commercial real estate
• Lease dispute arbitrated on behalf of national drug store chain with a local warehouse owner. Currently represent several landlords who are engaged in periodic leasing disputes
• Lender's local counsel for Real Estate & Land Use matters for the largest (at the time) independent power generation plant in Virginia
• Zoning and land use counsel to rapidly growing county in Richmond metropolitan area
• Typical transactions have involved the acquisition and financing of high rise apartment projects, office buildings, and shopping centers on behalf of private developers and tax-free exchanges
• Lenders representation in real estate financing, and assistance to borrowers, lenders and underwriters in the acquisition and financing of housing projects secured by tax-exempt bond financing
• Extensive zoning and land use work in connection with the adoption and implementation of the Chesapeake Bay Preservation Act by Virginia localities. This Act is a unique blend of environmental, zoning and land use concepts which has required the multi-disciplinary approach adhered to by the firm
• Tax free exchanges of commercial and investment properties
• Drafting of development documents including restrictive covenants, easements and declarations
• Mechanics lien litigation on behalf of claimants, landowners, lenders and title companies