Arnburg, David M.
Represented a Chicago-based digital healthcare agency in its sale to a global commercialization partner for the life sciences industry.Counsel for several significant Chicago Loop commercial properties, including 180 N. LaSalle, 222 N. LaSalle, 231 S. LaSalle, 111 W. Jackson, 20 N. Wacker and 1 N. State (retail).Counsel for sale of 111 E. Wacker and 233 N. Michigan.Purchase of loan secured by 11 S. LaSalle.Local counsel for purchase, financing and sale of 600 W. Chicago.Negotiation of lease for Chatham Centre in Schaumburg.Local counsel for group that acquired the Sears Tower (now Willis Tower) in Chicago, including $825 million of securitized mortgage and first- and second-level mezzanine financing.Negotiation of ground lease and easements, covenants and restrictions for use of adjacent parking structure in connection with the development of a 360-room all-suites hotel in Chicago. Representation included negotiation of management agreement with major hotel chain, negotiation of construction and mezzanine loan financing and negotiation of sale of hotel prior to opening.Negotiation of long-term lease for the Cadillac Palace Theatre in connection with its renovation as a major Chicago theater for Broadway shows.Negotiation of management agreement and financing with major hotel operator in connection with the development of a 369-room hotel in Chicago O’Hare area. Representation included negotiation of construction financing and construction agreement, negotiation of restaurant facilities to major Chicago restaurant operator, refinance of hotel after completion of construction and sale of hotel after stabilization.Acquisition of retail portion of Chicago building being subdivided into retail and office parcels, including negotiation of $40 million securitized mortgage and mezzanine financing. Representation included review of declaration of covenants, conditions restrictions and easements governing operation of the building.
