Miles & Stockbridge has the in-depth local market and legal knowledge and experience that make us valuable legal advisers in any real estate purchase or sale. Our offices are strategically located in the greater Baltimore, Washington, D.C. and Northern Virginia metropolitan regions enabling our attorneys to develop working relationships with local governments and markets crucial for successful property deals.
Because of our long experience working with local governments, we are positioned to assist our clients with unique development and regulatory issues, forge relationships with public officials that are essential for the efficient and successful closing of real estate transactions, and resolve difficult zoning and land use issues. For example, we represented the seller of a 650-unit apartment complex, closing the sale in just 45 days well before a year-end tax-driven deadline. During that time, we assisted in successfully identifying a buyer and helped secure both financing and all necessary governmental approvals — an achievement facilitated by the reputation and relationships we earned as bond counsel to the jurisdiction within which the property is situated. We “know the territory,” combining our local and state knowledge with a practical, common-sense approach.
While our lawyers regularly represent all parties in real estate acquisitions and dispositions, including sellers and brokers, we have a particular focus on purchaser representation. We negotiate terms and conditions that allow our client to perform the necessary due diligence, evaluate the risks and make an informed decision about the purchase. We advise our clients on structuring the proper form of entity to make the purchase, which often is a crucial decision in obtaining favorable tax treatment for the transaction. We counsel our clients on the appropriate due diligence, from determining environmental liability exposure to insuring the title, to be completed. Our detailed commercial finance knowledge enables us to address the financing agreement problems that otherwise may cause difficulties in a given transaction. Our goal for each transaction is a smooth closing in which our client realizes the benefits of its bargained position. We pride ourselves on our ability to anticipate and resolve problems during negotiation while addressing specific, local conditions.