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Masuda Funai provides expert legal counsel in all areas of real estate law. Our attorneys represent domestic and international businesses, investors, lenders, developers, syndicators, construction and property management companies, landlords, and tenants in the full scope of property-related matters across the U.S. Because practically every business transaction today involves a real estate component, it is critical to retain counsel that understand not only the law, but also the underlying business drivers of the matter.

Our firm represents investors, buyers, and sellers in the development, purchase, and sale of real property for headquarters, manufacturing, distribution, logistics and offices. We advise on the design and construction of commercial facilities, multi-family housing, manufacturing plants, and logistics facilities. We also represent our clients on annexations and the procurement of zoning variances, planned unit developments, and special and conditional use permits. In addition, we draft and negotiate all types of commercial leases and assist with the build-out of leased space.

We represent lenders and borrowers in secured financings for commercial, industrial, and residential projects, credit enhancers in leveraged transactions, sale-leasebacks, and other off-balance sheet financings. We also advise on Industrial Development Revenue Bond financings throughout the U.S.

We provide legal counsel regarding the income taxation of real estate, including tax deferred exchanges. We help our clients procure development and economic incentives and advise on ad valorem tax management by challenging tax assessments and obtaining favorable tax classifications for properties such as shopping centers, factories, open spaces, churches, and farms. We work with environmental consultants to develop regulatory compliance and property remediation programs including for manufacturing operations, chemical processing, food production, and brownfield redevelopment.

Our litigators serve as passionate advocates in real estate controversies that include purchase/sale disputes, leasing issues, and ownership disagreements. We have resolved issues and disputes pertaining to design and construction, lease interpretations, environmental contamination, insurance coverage, and boundary and easement irregularities, to name only a few. In addition to our real estate litigation abilities, we employ productive mediation, arbitration, and conciliation efforts that have resulted in swift and favorable outcomes for our clients.

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Range of Services Experience

Experience

Industrial revenue bond financing of a renovated urban mixed-use project for retail and high-end residential use.

Development and procurement of HUD financing for senior citizen housing and skilled nursing care facilities.

Lender representation in a syndicated hotel financing in Dallas, Texas.

Takeover, loan workout and development of a 200+ unit, single family residential development project.

Representation of a residential urban real estate developer in connection with all aspects of its development activities, including financing, organizational structuring, and condominium conversions.

Seller representation in the sale and conversion of a single-user industrial facility into a high-end, multi-tenant commercial facility.

Sale and leaseback of its manufacturing facility for an electronic component manufacturer.

Owner representation of one of the premier thoroughbred racetrack facilities in the United States in connection with the purchase, syndication, financing, operation and sale of the same.

Tenant association representation in the largest tenant acquisition, financing and operation of a subsidized housing project in the United States.

Acquisition of a 25,000-square-foot cold storage facility in New Jersey for a nationwide food processing company.

Assisted an industrial user in obtaining bulk-restriction and height zoning variances for a major manufacturing facility.

Multi-state, multi-property conduit investment acquisition for a foreign investor.

Site selection, procurement of site incentives and development of a 90-acre environmentally and archeologically sensitive site in suburban Chicago for the North American headquarters of an International high-tech industrial leader.

$12 million western hemisphere headquarter expansion for international consumer products equipment manufacturer.
$23 million build-to-suit long-term lease for an international bioscience firm.
Disposition of premier public and private golf course properties in California.
Build-to-suit lease for a 40,000-sqaure-foot distribution hub in suburban Chicago.
Three hotel commercial condominium conversion and redevelopment.
Purchase of 16 acres of land and development of a 100,000 square foot facility for a foreign metrology and laser machine manufacturer.

$13.3 million turnkey development of a healthcare products distribution center, office and showroom.

Development of Houston, Texas area automotive industry petro-chemical processing facility.
Leasing for a foreign-based retailer of numerous big box locations in connection with its U.S. West Coast initial market entry.
$28 million FHA refinancing of a 500 unit assisted multi-family housing project.

Establishment of a new approximately $90 million state-of-the-art rail rolling stock manufacturing facility in northwestern Illinois.

$32 million design, build and construction project for an international Fortune 100 company in Chicago.

Acquisition of $12.5 million die casting facility in Indiana.

$12 million Greenfield development of 150,000-square-foot linear motor company manufacturing facility.

$5.2 million automotive industry logistic facility purchase in Kentucky.

Acquisition and offshore syndication of a 1,000+ acre citrus production operation in California.

Acquisition of the then largest previously undeveloped tract of land in northern Virginia.

Development of a state-of-the-art metal forming facility in Dayton, Ohio.

Eight industrial property, $41 million sale to a publicly traded REIT.

Sale of a foreign owned 275,000-square-foot office building in southern California.

Tax-deferred sale of a regional suburban Chicago shopping center.

People

People

David J. Alexander
Principal, Chicago
P 312.245.7500
Michael C. Bedell
Senior Associate, Chicago
P 312.245.7539
Ryu Fukuyama
Associate, Chicago
P 312.245.7481
Keith W. Groebe
Principal, Chicago
P 312.245.7500
Timothy J. Hammersmith
Principal, Chicago
P 312.245.7500
Joji Kagei
Principal, Los Angeles
P 310.630.5900
John B. Stanis
Principal, Schaumburg
P 847.734.8811
News & Events
Legal Updates/Client Advisories
2017 Cook County Second Installment Real Estate Tax Bills Due August 1, 2018
The 2017 Second Installment Real Estate Tax Bills for Cook County, Illinois are due on Wednesday, August 1, 2018. Please pay your tax bill…
2017 Cook County First Installment Real Estate Tax Bills Due March 1, 2018
The 2017 First Installment Real Estate Tax Bills for Cook County, Illinois are due on Thursday, March 1, 2018. Please pay your tax bill on…
2016 Cook County Second Installment Real Estate Tax Bills Due August 1, 2017
The 2016 Second Installment Real Estate Tax Bills for Cook County, Illinois are due on Tuesday, August 1, 2017. Please pay your tax bill on…
2016 Cook County First Installment Real Estate Tax Bills Due March 1, 2017
The 2016 First Installment Real Estate Tax Bills for Cook County, Illinois are due on Wednesday, March 1, 2017. Please pay your tax bill on…
2015 Cook County Second Installment Tax Bills
The 2015 Second Installment Real Estate Tax Bills for Cook County, Illinois are due on Monday, August 1, 2016. Please pay your tax bill on…
2015 Cook County First Installment Tax Bills Due March 1, 2016
The 2015 First Installment Real Estate Tax Bills for Cook County, Illinois are due on Tuesday, March 1, 2016. Please pay your tax bill on…
Foreign Investment in Real Property Tax Act ("FIRPTA") Update
Pending legislation, in the form of United States Senate Bill S. 915 and United States House of Representatives Bill H.R. 2128…
Bulk Sales Act in Illinois
The repeal of the Uniform Commercial Code provisions regarding bulk transfers of the assets of a business may have led purchasers of real…
New Mandatory Foreign Direct Investment Reporting Requirement1
Some may recall that in the past, under certain circumstances, "foreign" investors in the United States were required to report their U.S…
2014 First Installment Real Estate Tax Bills Due March 3
The 2014 First Installment Real Estate Tax Bills for Cook County, Illinois are due on Tuesday, March 3, 2015. Please pay your tax bill on…
2013 Cook County Second Installment Tax Bills
The 2013 Second Installment Real Estate Tax Bills for Cook County, Illinois are due on Friday, August 1, 2014. Please pay your tax bill on…
2012 Cook County Second Installment Tax Bills Due August 1, 2013
The 2012 Second Installment Real Estate Tax Bills for Cook County, Illinois are due on Thursday, August 1, 2013. Please pay your tax bill…
News
Masuda Funai Ranked as "Best of the Best" Law Firm in Midwest Real Estate News
Masuda Funai was ranked as having one of the leading real estate law practices in the Midwest in the recent issue of Midwest Real Estate…
Masuda Funai Negotiates 60,000 Square Foot Lease for Toshiba Machine Co., America
Masuda, Funai, Eifert & Mitchell, Ltd. represented Toshiba Machine Co., America in the negotiation of a 60,000 square foot lease for its…
Masuda Funai Hosts Northern Ireland Delegation
Masuda, Funai, Eifert & Mitchell Ltd. hosted the Northern Ireland Delegation on April 16, 2018 as part of its ABC Mission visit to Chicago…
Masuda Funai Represents JENOPTIK in Campus Facility Purchase
PRESS RELEASE CHICAGO - Masuda, Funai, Eifert, & Mitchell, Ltd. represented JENOPTIK Automotive North America, LLC on its purchase of 16…
Masuda Funai Represents Mitsubishi Group Subsidiary in Sale of Headquarters
PRESS RELEASE CHICAGO - Masuda, Funai, Eifert, & Mitchell, Ltd. represented MC Machinery Systems, Inc. in the $5 million plus sale of its…
Masuda Funai Represents ECHO in Headquarter Expansion
PRESS RELEASE CHICAGO - Masuda, Funai, Eifert, & Mitchell, Ltd. is representing ECHO, Inc. in the 49,835 square-foot expansion of its…
Masuda Funai Represents Mitsubishi Group Subsidiary in HQ Relocation
PRESS RELEASE CHICAGO - Masuda, Funai, Eifert, & Mitchell, Ltd. represented MC Machinery Systems, Inc. in all legal aspects of an…
Masuda Funai Represents Sodick in a Build-to-Suit Transaction
PRESS RELEASE CHICAGO - Masuda, Funai, Eifert, & Mitchell, Ltd. is representing Sodick, Inc. in a build-to-suit transaction for a new…
Masuda Funai Represents Okabe in a Build-to-Suit Transaction
PRESS RELEASE CHICAGO - Masuda, Funai, Eifert, & Mitchell, Ltd. is representing Okabe Co., Inc. in a build-to-suit transaction for a new…
Publications
Co-authored "No Surprises Allowed: Basics of Controlled Expert Witness Disclosure" - Illinois Supreme Court Rule 213(f)(3) in the Illinois Bar Journal, May, 2015 issue
Co-authored: "Real Estate Tax and Government Incentives" and "Site Selection" Chapters, Illinois Institute for Continuing Legal Education's 2004 edition of Commercial Real Estate, updated and republished in 2011
"Survey of Illinois Law, Property" - Southern Illinois University Law Journal, 19 S. Ill. U. L. J. 923, 1995