Real Estate Law
The Real Estate Practice Group works on a full range of complex and sophisticated transactions involving real estate development, construction and development loans, loan restructurings and work-outs, acquisitions and dispositions, commercial leasing and equity investments. Its clients include landowners, developers, banks and investment banks, investment firms, property managers, insurance companies, architects, construction contractors and others involved in all facets of the real estate industry. The Real Estate Practice Group's specialties include:
Real Estate Development
The Firm's development group has substantial experience counseling developers, property owners and institutional investors in the development of sophisticated projects. The Firm has managed the development of hotels, office buildings, condominium projects, mixed-use projects, multifamily residential developments, golf courses and numerous other substantial real estate projects. For many years the Firm has represented the owner/developer in the planning, development, financing and construction of the 404 Piikoi Street Project, which includes the already existing Nauru Tower condominium project, the 1133 Waimanu Street condominium and the Hawaiki Tower condominium.
Real Estate Finance
Since its inception, the Firm has represented borrowers, lenders and investors in the structuring and delivery of financing for numerous types of projects. The Firm routinely represents clients in all aspects of real estate finance, including construction loans, development loans, permanent mortgage loans, mezzanine financing, tax-exempt and taxable bond financings, and the management of loan pools and portfolios. The Firm has counseled clients on the construction, development, financing and refinancing of office buildings, hotels, shopping malls, apartment and condominium complexes, mixed-use developments, residential developments, undeveloped land, golf courses and other types of commercial and residential projects.
Loan Restructurings and Workouts
The Firm has been active in representing both lenders and borrowers in restructurings and work-outs. The Firm represented The Mitsubishi Bank, Limited with respect to the agreed sale of the Hyatt Regency Waikoloa; The Long-Term Credit Bank of Japan, Ltd., with respect to numerous borrowers involving numerous properties located in Hawaii and Guam; and one of Hawaii's most successful and well-known commercial property and residential condominium developers with respect to the restructuring of a $113.5 Million loan facility.
Acquisitions and Dispositions
The Firm has extensive experience counseling developers, investors, owners, builders and other institutional clients in all aspects of the acquisition and conveyance of all types of real property, including office buildings, hotels, shopping malls, apartment complexes, undeveloped land, golf courses and other types of commercial and residential projects. The Firm also has substantial experience in evaluating, negotiating and drafting ground leases, and advising clients on the complex issues that can be presented by ground leases in the State of Hawaii.
The Firm's Land Use group actively counsels developers, property owners, architects, contractors and institutional investors in all areas related to land use, including site acquisition and assembly, zoning and permitting, environmental matters, SMA permits, conservation district use permits, historic preservation, development agreements with governmental authorities, subdivision approvals, water rights and Native Hawaiian rights.
The Firm has a well-established practice in representing landlords, tenants, developers and lenders in connection with the leasing of office, retail and other properties, including the negotiation and management of long-term ground leases. The Firm's leasing practice regularly includes advising fee owners, ground lessees and ownership associations in rent renegotiations and arbitrations.
Timesharing and Vacation Ownership
Attorneys at McCorriston Miller Mukai MacKinnon LLP were instrumental in drafting Hawaii's time share law. We have an in-depth knowledge of the law and of the various product lines, including deeded and non-deeded projects, multi-site plans, points systems, exchange programs and related product lines.
Vacation ownership, fractional ownership, vacation clubs, time sharing - by whatever name it is called -has become a growing, profitable area in Hawaii real estate development and a staple of the Hawaii visitor industry. Our real estate lawyers have more experience in this area than any other law firm in Hawaii.
Vacation and fractional ownership plans take full advantage of that mainland dream of having a home in the islands. Many developers have found that vacation ownership is a better business choice than a hotel. The business is vacation oriented, but with a more stable base of guests.
To make the most of a vacation ownership project, the legal underpinnings need to be carefully thought out. The project documents need to preserve flexibility for future development while meeting stringent statutory consumer protection safeguards. Our attorneys also have significant experience helping developers resolve Hawaii time share disputes.
Title and Escrow
The Legal and Financial Foundations of Real Estate
The documentation for a Hawaii real estate transaction can be formidable. Every detail needs to be carefully validated and confirmed to assure the project will meet legal and financial tests now and for the future.
At McCorriston Miller Mukai MacKinnon, our title and escrow attorneys know the law and finance. Even more to the point for our real estate development and investment clients, we know your business and what it takes to be successful.
Honolulu Lawyers Who Deal Effectively With Title and Escrow Matters
Every investor knows that a clean, clear title is absolutely essential. It is important to have a lawyer who knows the questions to ask and the problems to look for when ensuring a title will stand up to legal scrutiny. A real estate investment needs the stability and security of a clear title.
Establishing escrow accounts assures all the parties that the agreed-upon financial resources are readily available. A sound legal agreement can establish how the escrow account will be managed, and when and how funds will be released. This protects buyers and sellers during the purchase process. Escrow accounts also protect the project owner and contractors who are fulfilling contracts.
Honolulu Real Estate Development Attorneys
McCorriston Miller Mukai MacKinnon lawyers have handled the finer details of title and escrow matters for real estate investments throughout the islands - all with an understanding of the larger business issues.