Keith W. Groebe

Principal, Chicago
Phone: 312.245.7500
kgroebe@masudafunai.com

Keith W. Groebe represents clients throughout the U.S. in connection with industrial, commercial, corporate, agricultural, residential, entertainment, and hospitality real estate. His clients include developers, lenders, investors, buyers and sellers, and represent all sectors of the real estate business. Mr. Groebe 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.

Mr. Groebe 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. Most recently, he co-authored chapters on site selection and real estate taxation in the 2017 edition of the Illinois Institute of Continuing Legal Education: Commercial Real Estate Handbook. He has been recognized as a "Top Lawyer in Illinois," an Illinois "Super Lawyer," and most notably, achieved the distinction of being recognized A.V. Preeminent in Real Property Law for 20 consecutive years by Martindale-Hubbell Peer Review Rating.

Mr. Groebe has served as a Special Assistant to the Attorney General of Illinois. He is a past chairman of the Chicago Bar Association Subcommittee on Foreign Investment in U.S. Real Estate, and a member of the Illinois and American Bar Associations.

Representative Matters


  • $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.

Practice Areas

Education

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

Admissions

  • Illinois
  • U.S. District Court for the Northern District of Illinois
  • U.S. Court of Appeals for the Seventh Circuit
  • United States Tax Court

Professional Activities

  • American Bar Association
  • Chicago Bar Association
  • Chicago Bar Association Subcommittee on Foreign Investment in U.S. Real Estate, past Chair
  • Illinois State Bar Association

Distinctions

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