Jack Conners’ Deals

Jack has assisted a number of institutional investors in the acquisition of office, retail, multi-family, industrial, and mixed-use properties. These have included a $43 million multi-state office and light industrial portfolio, a $59.6 million office tower in downtown Phoenix, Arizona, a $41.5 million office complex in San Mateo, California, a $67 million mixed-use project in Phoenix, Arizona, a $17 million office complex in Redmond, Washington, a $39.5 million office building in downtown Portland, and numerous other large retail and lifestyle centers around the country.

Jack represented an international institutional investor in the acquisition of a three-block retail, office and multi-family project in downtown Portland valued at approximately $295 million. He also represented one of the world’s largest technology companies in a $92.1 million acquisition of eight office buildings needed for a campus expansion in the Bay Area.

Jack has represented sophisticated clients in the disposition of real estate portfolios and properties around the region.

Jack helped negotiate and 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 required 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.

Jack represented a private equity firm in the sale of three office and light industrial complexes in Salt Lake City, Utah, for approximately $64 million. He represented local developers in the sale of a vacant block in downtown Portland for development of an internationally branded hotel, and in the sale of a $39 million apartment building to an international investment firm. Jack also represented an institutional client in the sale of a $42.9 million mixed-use project in San Leandro, California, and a regional bank in the disposition of various bank-owned properties around the state of Oregon. He also represented an institutional investor in the sale of a $52.9 million office building in downtown Portland.

Jack has assisted Urban Asset Advisors, an active local developer of mixed-use residential projects, with its debt financing needs for a variety of local projects.

Jack represented an institutional borrower in a $48.9 million mortgage and mezzanine financing of an office tower in downtown Phoenix, Arizona. Jack assisted a merchant banking firm with a bridge loan made in connection with the acquisition of a multi-family property in downtown Portland. He represented a real estate management and investment company in the refinancing of a Portland office building and the related special purpose entity restructuring. Jack represented a local developer in a $15 million refinancing of a Portland apartment building. He has also represented his clients on numerous other acquisition financings, refinancings, joint venture equity financings, and loan assumptions.

Jack has represented tenants and landlords in office, retail, industrial, warehouse and distribution, and medical services leasing transactions.

Jack represented a large Dallas, Texas-based special servicer clients in leasing bank-owned office, retail, and industrial properties throughout the country. Jack has also represented numerous local landlords in leasing office, retail, and industrial space.

Jack represented a local developer in a $20 million private equity offering and in the subsequent acquisition and financing of several urban neighborhood properties. He also represented a university in a $48 million bond financing, ground lease, and development agreement supporting new campus housing and a dining facility.