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Keith Groebe represents businesses and investors throughout the U.S. in connection with industrial, commercial, corporate, agricultural, residential, entertainment and hospitality real estate. His clients include landlords, tenants, developers, lenders, investors, buyers and sellers. Keith is nationally recognized in the field of site selection, economic development incentive procurement and foreign direct investment (FDI), having been personally involved in over 300 FDI projects.

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A veteran negotiator, outstanding writer and “big picture” advisor, Keith is committed to achieving his clients’ specific objectives on every matter. Clients appreciate that Keith takes their problems and challenges to heart, and that he demonstrates a vested, personal stake in the achievement of their goals. By understanding every facet of a deal and all relevant facts and contingencies, Keith anticipates and mitigates potential obstacles before any disruption occurs. With nearly four decades of practice, Keith remains focused on tackling even the most complex challenges his clients face. Detail-oriented and valued for his consistently meticulous work product, Keith remains focused on the end game, aggressively pursuing the right result for each client he serves.

A former Special Assistant to the Attorney General of Illinois, Keith has authored numerous articles and spoken locally and internationally on real estate issues such as site selection, economic development incentives and foreign investment in U.S. real estate. Notably, he achieved the distinction of being recognized with an AV Preeminent® Rating in Real Property Law for more than two decades by Martindale-Hubbell.

Practice Areas


  • DePaul University College of Law, J.D., 1979
  • University of Illinois, B.A., 1975 and M.A. Political Science, 1976


  • Illinois
  • U.S. District Court, Northern District of Illinois
  • U.S. Court of Appeals: 7th Circuit
  • United States Tax Court


$80 million, twenty-nine property, Real Estate Mortgage Investment Conduit borrowing.

Liquidation by an offshore owner of a five-state, eleven shopping center portfolio.

Lender representation in a $90 million work out acquisition of a nationally prominent thoroughbred horse racing facility in Florida.

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.

"True sale" of $30 million in real estate secured loans.

Greenfield development of a new automotive parts manufacturing facility in southern Indiana.

Development of a chemical processing facility in Houston, Texas.

Development in northwestern Illinois of a $100 million railroad rolling stock manufacturing facility.

Commercial condominium conversion and redevelopment of a suburban Chicago property into two hotels and an assisted living facility.

Lender takeover, loan workout and development of a 200+ unit, single family residential development project in northeastern Illinois.

Sale and conversion of a single-user industrial facility into a multi-use facility in suburban Chicago.

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

$30 million refinancing of a Chicago Lakefront apartment complex.

Sale of an $11 million state-of-the-art distribution facility at Los Angeles International Airport.

Multi-tiered, $28 million HUD insured refinancing of a 500 unit apartment project in Chicago.

Real estate tax reduction and assessment challenges for a $300 million commercial property portfolio.

Obtained bulk-restriction and height zoning variances for a major manufacturing facility in Illinois.

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

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

Development, financing, organizational structuring, and preparation of condominium/ town home mixed-use development documentation.

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.

Acquisition of a 25,000-square-foot cold storage facility in New Jersey.

Disposition of a combination premier public and private golf course in southern California.

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

Syndicated hotel financing in Dallas, Texas.

Represented a multinational high-tech company in the establishment of the world's largest artificial crystal production facility near Rockford, Illinois.

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

Largest Tenant association acquisition of a federally subsidized housing project in the U.S.

Development and procurement by community service organization of HUD insured financing for a state-of-the-art senior citizen housing and a skilled nursing care center.

Development of an approximately 800,000-square-foot consumer products equipment manufacturing facility in Lake Zurich, Illinois.

Purchase of a 550 room hotel in suburban Chicago.



American Bar Association
Chicago Bar Association
Chicago Bar Association Subcommittee on Foreign Investment in U.S. Real Estate, past Chair
Illinois State Bar Association
Professional Activities
Legal Updates/Client Advisories
Electronic Execution of Documents
Electronic execution of a legal document is a practical, reliable, efficient and effective means of establishing an agreement of parties to…
"Made in America" Executive Order Likely to Motivate FDI by Overseas Vendors
Executive Summary On January 25, 2021, President Biden issued his “Executive Order on Ensuring the Future is made in all of America by…
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…
Masuda Funai Secures HUD Loan for Lake View Towers Residents Association, Inc.
Press Release CHICAGO – Masuda, Funai, Eifert, & Mitchell, Ltd. assisted Lake View Towers Residents Association Inc. to secure a $66.3M…
Masuda Funai Participates in 2019 SelectUSA Investment Summit in Washington, D.C.
Press Release June 10-12, 2019 – David Alexander, Keith Groebe and George Kobayashi, Principals of Masuda, Funai, Eifert & Mitchell Ltd…
Keith Groebe Attends 65th Annual Columbus Day Parade in Chicago
On Monday, October 8, 2018, Keith Groebe, Principal of Masuda Funai’s Real Estate Practice Group, marched in the front ranks of the…
Masuda Funai Participates in 2018 SelectUSA Investment Summit in Washington, D.C.
David Alexander, Keith Groebe and George Kobayashi, Principals of Masuda, Funai, Eifert & Mitchell Ltd., joined more than 3,000…
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…
"'Made in America' Executive Order Likely to Motivate FDI by Overseas Vendors" - BizBuddy, March 2021


  • Illinois Super Lawyers, 2005-2008
  • AV Preeminent® Rating by Martindale-Hubbell