Deal Oriented Real Estate Expert
Having practiced for over 30 years in the real estate industry, Doug understands the real estate business and knows how to close deals. This experience allows him to analyze quickly each client's unique circumstances and help the client develop a strategy to meet its goals in a cost effective manner. Doug takes a practical business approach to his legal advice, and enjoys working on each deal as a short-term legal and business advisor to the client. While Doug is very experienced in the technical side of drafting and reviewing contracts, due diligence and the like, he will often supervise junior attorneys in these tasks to achieve cost savings for clients. His most effective role is forward structuring of transactions and managing the conflicts that inevitably emerge when the stakes are high and relationships complex.
Representing Commercial Project Stakeholders
Most of Doug's clients are stakeholders in commercial real estate projects, including office buildings, retail centers, industrial buildings, residential projects, or land parcels planned for these uses. He enjoys representing a wide variety of these clients, whether developers, operators, investors, lenders, or others, and across the spectrum from individual entrepreneurs to large institutions. Doug is able to adapt his perspective and style to meet the needs of each particular client. This is the result of close working relationships with so many different clients and real estate projects over the years at Cox, Castle & Nicholson since 1985, and at prior jobs. Doug also has strong relationships with various attorneys and law firms outside California, that rely on him to guide their clients through their investment activity with California real estate projects.
Practicing Through Business Cycles
When someone asks Doug what is his specialty, the answer depends on where the industry is in the real estate cycle. During the late 1980's Doug was busy helping clients with new development and investment activity, until this came to a halt in the early 1990's when the industry was hard hit – particularly in California – by recession and Doug was called upon to assist clients with workouts and restructuring projects in financial distress. As the economy recovered in the late 1990's and into the next decade, Doug's practice became consumed with complex financing of projects that exploded as Wall Street became the major source of capital for large real estate projects. This capital source ended in late 2007, and the ensuing Great Recession moved Doug into the role of senior advisor for clients seeking to limit losses and legal exposure while restructuring transactions. As of late 2012, Doug is seeing more new investment activity, particularly among institutional investors and entrepreneurs willing to take advantage of attractive opportunities. Doug enjoys the challenge that comes with the natural evolution of business cycles.