Dina Alexander’s Deals

Dina represented the City of Portland, the owner of Providence Park, in the negotiation of a development agreement and other key documents with Peregrine Sports, governing the expansion of the stadium, which is home to the Portland Timbers and the Portland Thorns professional soccer teams. The $50 million expansion increased the venue’s seating capacity by 20% (or 4,000 seats), creating more opportunity for fans, 13,000 of whom were on a waitlist for season tickets. Read more

DIna and other Radler White attorneys played a significant role representing the developers of the South Waterfront, Central District, a $2 billion, multi-phase, public/private project that is the largest urban redevelopment in the history of Portland, Oregon. The project encompasses approximately 33 acres of former “brownfield” land along the Willamette River just south of Downtown Portland. A complex public/private development agreement guided the project. The agreement provided for the construction of the first aerial tram built in the United States in decades; an extension of Portland’s vaunted streetcar line, a public park and riverfront greenway, multiple high-rise residential towers, and affordable housing. Dina’s work in the District for more than a decade involved not only a complex public/private partnership with more than $100 million of public funding, but an opportunity to work on all aspects of multiple vertical development projects.

Dina represented Portland State University in a four‐party partnership to develop a new office building in downtown Portland as a commercial condominium on a ground lease. Dina led the negotiation of the development agreement between Portland State University, Oregon Health and Science University, Portland Community College, and the City of Portland. The project resulted in the construction of a seven‐story office building with approximately 174,000 square feet of classroom, laboratory and office space. Read more

Dina has assisted multiple multi-family developers with mixed‐use residential projects, handling acquisitions of fee title and long-term ground leases, equity and debt financing, and design and construction contract work throughout the Portland Metropolitan Area.

Dina negotiated and helped close the sale of a $49.5 million medical office building in Portland, Oregon. The transaction was highly complex due to: (1) the legal structure of the property (including an air space lease, two parking agreements and a development agreement, each requiring assignment to the buyer by a governmental body); (2) the required restatements of the major tenants’ leases to convert them from gross to triple net leases; and (3) holdback agreements related to (a) the acquisition of a remnant parcel that was erroneously omitted from a parking lease, and (b) required non‐conforming parking upgrades triggered by major tenant improvement work.

Dina assists developers with the acquisition of unimproved land for new development and of improved properties for rehabilitation and renovation and has worked on a wide variety of purchase agreements, option agreements, ground lease transactions, and joint ventures with landowners contributing land to newly formed entities.

Dina represented a joint venture in the purchase of a three-tower apartment project in downtown Portland, Oregon. In dollar terms at the time, it was the largest apartment acquisition in Portland’s history. Apartments in all three towers were renovated, and 351 units in two towers were converted from apartments to condominiums. The third tower was later sold. In addition to the initial $77.5 million acquisition, Dina handled the subsequent sale of the third tower to a corporate buyer in 2008. She also handled the entity formation, equity and debt financing, and advised on risk management issues.

Dina represented the seller of Kearney Plaza, a multi-family rental project in Portland’s Pearl District. The negotiation of the purchase contract and the closing of the sale was completed in 30 days.

Dina represented the University of Portland in its Willamette River Campus expansion and development project. She assisted the University with the acquisition of the 35-acre parcel of industrial land which lies 135 feet beneath the University’s main campus and contains more than 2000 feet of Willamette River frontage. An orphaned brownfield, the property was the former site of a lumber mill, concrete packing plant, ship building facility, and power plant. Dina negotiated a complex purchase agreement and assisted the University with a lengthy closing process. The property provided the University with a host of opportunities, including a new greenway and trail, the increased public use and stewardship of natural resources by the University’s environmental sciences program, and a general expansion of University facilities.

Dina represented the Port of Portland in the sale of nine acres of property to Daimler Freightliner for the development of its North American headquarters office building. The project was restructured midstream to accommodate a synthetic lease finance transaction and involved complex environmental, greenway, and railway corridor issues. The project ensured Daimler’s long-term commitment to Portland and the creation of approximately 400 living wage jobs.

Dina assisted a Portland development team with entity formation and property acquisition issues associated with joint ventures involving the federal “EB-5” immigration program, working alongside EB-5 immigration counsel. The resulting projects include the construction and management of two international hotels, one in Portland’s Pearl District and the other at the LA Live complex in Los Angeles.

Dina represented the seller of real property to a co-housing development entity. In addition to negotiating the sale and assisting with unique co-housing structuring issues (real estate cooperatives are not utilized for housing in Oregon), she assisted the client with the termination of an existing easement and negotiated a new reciprocal easement with an adjacent property owner. Radler White attorney Rebecca Tom prepared presale condominium documents for the sale of the units to residential buyers and obtained Oregon Real Estate Agency presale approval for the project.

Dina has represented a number of clients in the acquisition and redevelopment of urban properties that involve public/private partnerships and complex development agreements. She is currently working on several public/private partnership transactions throughout the state.

Dina represented a developer in the acquisition of property and development of a new Residence Inn by Marriott, which became the first hotel in The Pearl District when completed in 2014. The $50 million project was subject to a development agreement with the Portland Development Commission, now Prosper Portland. She represented the same client in the acquisition and development of a 9-story office tower adjacent to the hotel project, which was subject to the same long-term development agreement with Prosper.

Dina assisted ZRZ Realty in an attempted public/private partnership to redevelop 33 acres of urban waterfront property known as Zidell Yards, one of the largest undeveloped sites in Portland’s urban core. Dina also played a key role in assisting the developers of the adjacent Central District of the South Waterfront, which has seen more than $2 billion in redevelopment, including high rise condominiums, apartments, open space, and the expansion of Oregon Health & Science University’s campus.

Dina also represented Evergreen Development with a highly contested public/private partnership to redevelop an entire city block in the heart of downtown Lake Oswego, Oregon. The former Wizer Block is now a vibrant mixed-use urban project including 200 residences, underground parking, and more than 40,000 square feet of retail and commercial space. Dina drafted and negotiated the development agreement, which was unanimously approved by the City of Lake Oswego Redevelopment Agency.

Dina assisted a client in the acquisition of a ¾ city block at SW Third and Taylor Streets in the heart of downtown Portland for development of an office tower, handling the acquisition as well as the negotiation and documentation of equity financing for the project.

Dina also assisted the developer of a $100 million office project located at NW 17th and Naito, including the acquisition of the 20,000 square foot site and the negotiation of a joint venture with an institutional equity financier.

Dina represented the developers of South Park, a multi-phase, mixed-used community in downtown Los Angeles. Civic and business leaders regard South Park as the vanguard of 21st-Century development in downtown Los Angeles. Currently home to the Los Angeles Convention Center and Crypto.com Arena (formerly the Staples Center), South Park became the catalyst for an integrated neighborhood comprised of 1.5 million square feet of residential, commercial, and parking space and more than 1,500 new condominium residences. Dina assisted the developers with the land acquisition, entity formation, equity and debt financing (for land acquisition and construction), construction contracts, condominium issues, and risk management for each of South Park’s three initial residential projects, Elleven, Luma and Evo. When built, Elleven marked the first ground-up residential project in downtown Los Angeles in more than 20 years.

Acquisition issues included understanding the intricacies of the Los Angeles Sports and Entertainment District (LASED), affordable housing requirements, and the California condominium process. Evo’s structured finance package involved institutional equity, equity from high-net worth individuals, and mezzanine and senior debt approaching $300 million. Following Elleven’s groundbreaking in fall 2004, the developers watched as over eighty percent of the units were reserved in less than 14 hours, representing $80 million in sales.