Industries & Practices
Financings and refinancings for institutions of higher education
<p>Serve as bond counsel and issuer counsel to community colleges, public and private institutions and universities across Ohio seeking to take advantage of the low-interest rate environment in order to conserve institutional resources and further their educational missions.<p>
Bond counsel for Ohio community college for culinary arts center
<p>Served as bond counsel to an Ohio community college in connection with the tax-exempt financing of their new, cutting-edge culinary arts center. <p>
Community college $300 million voted bond issue
<p>Served as bond counsel to an Ohio community college for its first issue of general obligation bonds approved by the Ohio county voters in a $300 million voted bond issue dedicated to financing a phased-in update to the classrooms, labs and educational facilities necessary to provide students with the technology, skills and opportunities needed to succeed in the workforce.<p>
$120 million mixed-use development project
Successfully led the closing of a mixed-use public-private development project in downtown Columbus, Ohio. Served multiple roles in the project’s financing, including as bond counsel to the developer, commercial loan bank representative and legal counsel for PACE financing.
Sale and acquisition of new headquarters
Assisted a local developer with the sale and partial leaseback of their previous headquarters and the acquisition of new headquarters. Our team handled all real estate aspects including the sale of lots and navigation of local government requirements. Additionally, our public finance team assisted the client with tax incrementing finance (TIF) issues.
Conversion of a former munitions factory
Served as counsel to a port authority for a capital lease transaction, providing a sales tax exemption to the developer and property owner. The transaction enables the conversion of a former munitions factory to a 240,000-square-foot mixed-use space, including apartments, restaurants, retail and parking.
Ohio’s largest PACE transaction
Served as counsel on a $16.3 million refinancing of a construction loan that involved significant PACE financing. The project funds eligible upgrades to a hotel near The Ohio State University campus in Columbus, Ohio. Energy efficient improvements include upgrades to the lighting and the building envelope.
OFCC K-12 Project on State University Campus
Served as counsel for a recently consolidated school district for a $42 million K-12 OFCC (state) co-funded project on the campus of a state university, with the local share bonds sold to the USDA.
Cleveland-area solar farm development
Represented Cuyahoga County in closing a $10 million financing transaction for the development of a solar farm on former landfill property near Cleveland. The solar farm covers 17 acres and consists of over 35,000 panels – the largest in the state. Likewise, the firm negotiated several related agreements, including a 30-year power purchase agreement. The project was completed in summer 2018 and was named Solar Builder’s “2018 Gold Project of the Year.”
Syndicated construction loan
Represented a lender in connection with a syndicated construction loan for a large office/residential project including a bridge loan addressing timing issues with public financing.
"Bridge Street" development
Represented a lender in connection with financing for the first office/retail building in a large multi-phase project with significant public/private partnerships involved.
$1.6 billion development in Warren County
Served as special counsel to a township in connection with a 1,230-acre, $1.6 billion mixed-use development in southwest Ohio. The transaction involved negotiating and structuring a tax increment financing (TIF) program with 22 incentive districts and 8 parcel TIFs, and the establishment of a new community authority to finance the infrastructure necessary to make the development possible.