Real Estate General Practice
Stites & Harbison’s real estate attorneys assist owners, developers, investors, municipalities and general business clients throughout the nation in land acquisition, zoning, development and leasing matters. We also have significant experience in the areas of real estate redevelopment, conduit lending, conservation easements and community development and revitalization.
The attorneys in our firm's Real Estate Service Group include a fellow of the American College of Real Estate Lawyers, Best Lawyers in America®, and Tier 1 lawyers in Chambers USA, "America's Leading Lawyers for Business."
We strive to understand our clients' businesses to better help them achieve their objectives, and we place great emphasis on devising creative solutions to problems. Our group staffs each project efficiently, using a team approach to give clients comprehensive counseling. Because we integrate our firm's banking, business services, corporate, private equity, tax, construction, intellectual property, environmental and litigation practices, our clients enjoy the results of the team's experience.
Lenders, including Truist Bank, Regions Bank, Fidelity Bank, Main Street Bank, and JPMorgan, count on Stites & Harbison to "close the deal" on commercial and residential loans.
For example, our firm closed a $40 million loan for Uptown Square at Lindbergh Station in Atlanta, a “live-work-play” area built around a MARTA train station. Stites & Harbison also handled a $32 million loan for the construction of a new condominium project in Panama City, Fla. Both of these projects were financed by government-issued bonds enhanced by a letter of credit from Regions Bank.
In addition to conventional real estate practice, Stites & Harbison has worked extensively in all aspects of property acquisition, relocation, and condemnation law. Notable examples are our roles as counsel for the expansion of Louisville, Kentucky's primary airport and as condemnation counsel for the redevelopment of Louisville's riverfront. In our representation of the rehabilitator of Kentucky's largest domestic insurance company, our firm handled the review, packaging, and disposition of real estate assets of a major institutional lender. Our real estate practice group has also gained extensive experience in assembling large tracts of industrial property for major industries locating in Kentucky.
Some of the work of the Real Estate Service Group includes:
- Eastpoint Business Center, Jefferson County, Ky.
- Historic Scottish Rite, Decatur, Ga.
- Indiana-American Water Company, Jeffersonville, Ind.
- Kentucky Broad Street Portfolio Project, Louisville
- Laurel House, Nashville
- Louisville Slugger Museum
- Park DuValle Revitalization Program, Louisville
- SunTrust Center, Nashville
- Wallace Farm Easement, Prospect, Ky.
- Waterfront Park, Louisville
"Stites & Harbison has been very responsive to our needs and have provided timely and accurate assessments on our real estate transactions."
Kentucky Chamber Elects Brian A. Cromer to Executive Committee
LOUISVILLE, Ky.—The Kentucky Chamber of Commerce has elected Stites & Harbison, PLLC attorney Brian Cromer to its Executive Committee. Cromer will serve a two-year term on the 14-member Executive Committee, which represents a cross-section of key business and industry leaders from across Kentucky. He continues to serve as a member of the Kentucky Chamber’s Board of Directors.
Sara Elrod Ruml Joins Stites & Harbison
COVINGTON, Ky.—Stites & Harbison, PLLC welcomes attorney Sara Elrod Ruml as Counsel to the firm based in the Covington and Louisville, Ky., offices. She joins the Trusts & Estate Planning Group.
Bluegrass Area Chapter of American Red Cross Elects Brady W. Dunnigan to Board
LEXINGTON, Ky.—The Bluegrass Area Chapter of the American Red Cross has elected Stites & Harbison, PLLC attorney Brady W. Dunnigan to its Board of Directors. He will serve an initial two-year term.
LIBOR Transition: Navigating the World of Synthetic LIBOR
Mary Lu Noah takes a look at the changes in the financial world after the demise of the London Interbank Offered Rate (LIBOR) in this Stites & Harbison Client Alert.