Albert C. Valencia: Ervin Cohen & Jessup LLP

Overview

Albert C. Valencia is a Partner and Chair of the Real Estate Department.

Albert’s practice is focused on real estate and related business matters. His clients include developers, operators, private equity investors and commercial banks in a broad range of real estate transactions, including acquisitions and dispositions, joint ventures and syndications, commercial leasing, financing, loan modifications, workouts and restructurings. Clients look to Albert for his experience in a broad range of real estate asset classes including commercial, office, retail, multi-family, mixed-use and industrial properties. He regularly represents clients in forming joint-ventures and syndications, negotiating structured finance transactions (including obtaining CMBS loans, mezzanine debt and preferred equity) and assisting property owners in asset management.

Prior to practicing law, Albert was a business consultant for the global consulting firms of Arthur Andersen LLP and Deloitte Consulting LLP, where he provided business process reengineering and systems consulting services for Fortune 500 companies in the manufacturing, utilities and entertainment industries, and later played an integral part of forming and operating two startup companies. His legal career began in the real estate department of the Am Law 100 law firms Mayer Brown LLP and Proskauer Rose LLP.

Albert is active in the community and was recognized by Public Counsel with the 2013 Pro Bono of the Year award for his work in organizing and forming a limited equity housing cooperative as a member of the Tierra Urbana Real Estate Team, and received the Proskauer Golden Gavel award in 2010 for his outstanding pro bono work. You will find Albert regularly volunteering for various charities, and he previously served on the Board of Directors for the Asian Pacific American Bar Association.

Representative Matters

Purchase and Financing

Completed acquisition and financing of approximately 300,000 square foot industrial outdoor storage facility including a 17,000 square foot building located in Los Angeles County adjacent to the Los Angeles and Long Beach Harbor.
Successfully acquired approximately 64 acres of land in Sarasota County, Florida, for strategic development of residential communities comprised of single-family homes and townhomes.
Successfully secured refinancing for a 37,668 square foot multi-family residential building in Los Angeles County, optimizing financial terms and enhancing asset value.
Completed the purchase of approximately 670,000 square foot multi-tenant office complex located along the I-635 in Dallas, Texas.
Successfully acquired a 25,410 square foot trophy, mixed-use asset located on Historic Main Street in Park City, Utah, enhancing investment growth and community development potential.
Successfully led the purchase and financing of an approximately 211,000 square foot mixed used postproduction studio property in Los Angeles County.

Sale

Successfully led the sale of a 115,520 square foot office building in San Bernardino County, maximizing value and ensuring a smooth transaction.
Led the sale of three office building properties of approximately 178,097 square feet in San Bernardino County.

Asset Management

Representing retail property owner on property management strategy following the bankruptcy of an anchor tenant and subsequent sale of its leasehold interests to other retailers for shopping centers located in Arizona and California.
Representing the owner in overseeing leasing strategies, capital expenditure plan, and implementation of operational efficiencies for multiple assets in the San Francisco Bay Area including an approximately 230,000 square foot office building, two mixed-use properties, and parking lot.

Workouts

Led the negotiated short sale of an approximately 130,000 square foot office building located in San Diego County.
Led the restructuring and sale of a three-building office complex in Colorado comprised of approximately 198,000 square feet.