Real Estate

Working closely with our domestic and multinational clients, Masuda Funai Real Estate Group attorneys build lasting relationships and communication patterns, which foster client comfort and confidence in our capacity to serve as their real estate advisors and legal representatives. The Group is staffed by an optimal balance of attorneys, providing cost-effective and efficient service and the responsiveness that our clients appreciate.

Masuda Funai Real Estate Group attorneys provide comprehensive counsel and assistance relative to investing in, financing, developing and leasing commercial, retail, industrial, recreational, agricultural, lodging and residential properties. We work with our clients on site selection, due diligence, contract negotiations, financing, procurement of economic development incentives and real estate tax management. Our Real Estate Group attorneys also practice extensively in title insurance defense, landlord tenant disputes, real estate work-outs, construction, eminent domain, ad valorem tax exemptions and assessment challenges and environmental regulatory compliance and remediation.

Our clients are high tech and heavy industrial manufacturers; distributors, transporters and shippers; developers; condominium and owner associations; architects and contractors; governmental authorities; title insurers; lenders, portfolio investors and tax-exempt organizations.

If you have any questions or would like further information about Masuda Funai's Real Estate practice, please contact the Group's  chair, Keith W. Groebe, at 312.245.7500 or via e-mail at

The following are some of the principle services provided by the attorneys in the Real Estate Group.

Acquisition and Disposition. We represent buyers and sellers in the purchase and sale of all types of real property and facilities, including large and small properties for headquarters or less complex office facilities, manufacturing, distribution, warehousing, freight forwarding, and residential and retail development projects.

Construction. We represent clients in connection with the design and construction of manufacturing, retail, research, commercial, distribution and entertainment facilities, multifamily and single family housing and lodging. In addition, our attorneys assist clients in connection with annexations and procurement of zoning variances and changes and special and conditional use permits.

Development and Site Selection. Our experience in site selection, due diligence, planning and governmental entitlements permits the Group to effectively represent and counsel our clients in the pre-construction and development stages of a project. Recently, Masuda Funai attorneys counseled an international high tech leader in the development of a 90-acre North American headquarters on an environmentally and architecturally sensitive site and procured economic development incentives, job training assistance and real and personal property tax abatements in Indiana and Illinois for several industrial clients.

Eminent Domain. We regularly represent both landowners and condemning authorities in eminent domain proceedings and negotiations.

Environmental. We assist our clients and work with environmental consultants to develop regulatory compliance and property remediation programs. Our attorneys have represented large automotive industry manufacturers in the greenfield development of new facilities in Ohio, Indiana, Kentucky, Tennessee, North Carolina, South Carolina and Texas.

Financing. We represent foreign and domestic real estate lenders and borrowers in connection with real estate secured financings for commercial, industrial and residential projects. We also represent credit enhancers in leveraged transactions, public and securitized financings, sale-leasebacks and other off-balance sheet financings.

Industrial Revenue Bonds. We represent clients in Industrial Development Revenue Bond financings throughout the United States.

Leasing. The Group regularly represents clients in the drafting, revising and negotiating of office, manufacturing, distribution, warehouse, freight forwarding and retail leases. We have advised countless businesses in connection with the leasing and build out of rental properties throughout the United States, ranging in size from thousands to hundreds of thousands of square feet.

Litigation. We have extensive experience in handling real estate related litigation, such as breach of contract, title insurance coverage claims and defense matters, landlord-tenant disputes, mechanics lien claims and mortgage foreclosures.

Taxes. We assist clients with the reduction of their real estate ad valorem tax burdens by challenging real estate tax assessments and obtaining favorable tax classifications for properties such as shopping centers, factories, open spaces, churches and farms. We also assist clients in minimizing income taxes with tax deferred exchanges and other appropriate tax planning.

David J. Alexander
Office: Chicago
Phone:  312.245.7500

Ryu Fukuyama
Office: Chicago
Phone:  312.245.7481

Keith W. Groebe
Office: Chicago
Phone:  312.245.7500

Timothy J. Hammersmith
Office: Chicago
Phone:  312.245.7500

Joji Kagei
Office: Los Angeles
Phone:  310.630.5900

Austin Redman
Office: Chicago
Phone:  312.245.7500

John B. Stanis
Office: Schaumburg
Phone:  847.734.8811

  • 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.

  • 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.

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

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

  • 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.

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

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

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

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

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

  • $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.

  • $12 million greenfield development of 150,000-square-foot linear motion system manufacturing facility.

  • $5.2 million automotive industry logistics facility purchase in Kentucky.

  • 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.

  • Eight property, $41 million, industrial portfolio sale to a private REIT.

  • Sale of a 275,000-square-foot office building in California for a major international corporation.

  • $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.