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Nossaman LLP

Karla N. MacCary

Partner

T 213.612.7862
F 213.612.7801
777 South Figueroa Street, 34th Floor
Los Angeles, CA 90017

Karla MacCary has more than 20 years of experience in real estate transactional and financing matters, and serves as Chair of Nossaman's Real Estate Practice Group.  She represents developers in the acquisition and disposition of such projects as office buildings, hotels, condominiums, industrial properties, retail centers, mitigation properties, apartments and undeveloped land, and she represents governmental agencies in the acquisition and leasing of real property for various uses. 

Ms. MacCary also represents landlords, tenants and governmental entities in leasing of commercial and industrial properties as well as ground leases.  She also represents lenders, developers, and joint ventures in loans secured by real property including loan modifications and enforcements, and in equity financing, as well as loan assumptions and defeasances of securitized loans.

Representative Work

Gaw Capital (USA).  Represented private equity funds in the acquisition and/or financing and leasing of several office buildings and hotels in California and Oregon.

Cupertino Gateway Properties.  Represented this investor in the acquisition of Cupertino Gateway, which is a campus leased in its entirety to Apple.  Representation included negotiating a $70,000,000 loan from Wells Fargo Bank.  After closing representation involved extending leases with the tenant, and then selling the building.

Port of Long Beach.  Represented the Port of Long Beach in negotiating a ground lease extension for Port lands, and in negotiating an option for a long-term ground lease of an additional parcel.  Represented the Port of Long Beach in negotiations to acquire the Long Beach World Trade Center and Airport Plaza for the Port’s administrative offices.  Represented the Port in developing a form of Solar Site License Agreement.  Represented the Port is acquiring property for investment or development.

Orange County Transportation Corridor Agencies.  Lead attorney in negotiating the acquisition from The Irvine Company of almost all of the right of way for the Eastern Transportation Corridor and the acquisition of two conservation easements and right of way from the Santa Margarita Company.  Lead attorney in the acquisition of an office building for the client's administrative headquarters.  Advised with utility relocations work and landlord-tenant issues. 

County of Monterey.  Represented the County in the acquisition of two office buildings for $36,000,000 for use by the County as administrative offices, and the termination of the existing leases. 

Downtown Properties.  Represented this investor in the acquisition, disposition and financing of several office buildings and hotels in California and the Pacific Northwest. Represented the owner of several downtown Los Angeles office buildings in refinancing loans and in defeasing securitized loans.

333 Market Street.  Lead counsel for a group of Asian investors in the acquisition of an office building, one of the largest U.S. commercial real estate transactions of 2010, including obtaining a $206,000,000 loan.  Negotiated purchase agreement, performed due diligence, and negotiated loan documents. Also represented in the subsequent sale.

Oil and Gas Companies.  Represented oil and gas producers in multi-million dollar acquisitions of oil and gas assets in California as well as the Rockies  Also represented them in secured financing.  Represented oil and gas producers in solar leases.

MSGG.  Represented the developers of the Douglas, Rowan and El Dorado Buildings in downtown Los Angeles.  Work included negotiating purchase agreements, negotiating and drafting parking easements and covenants, and performing due diligence.  Such properties were completely renovated and were old buildings in downtown Los Angeles adapted for residential use.  Represented the company in negotiating and documenting acquisition, mezzanine and construction loans, including addressing ground lease issues.  Represented the developer of the Douglas Building in leasing all of the building’s retail space.  

Merryvale Vineyards.  Represented this winery in the acquisition of additional vineyard lands and development of a new winery.  Representation included the negotiation and documentation of wastewater easements and reciprocal easements, resolution of agricultural issues and contracts, and the negotiation of CC&Rs.  Represented the winery in agricultural loans as well a construction loans and lines of credit.

Goldrich & Kest.  Represented this real estate investment and development company in several multi-million dollar financings and refinancings, as well as assumptions of securitized loans.  Also represented the company in the defeasance of several securitized loans. 

The Pacific Lumber Company.  Lead member of the Nossaman real estate team for the sale of the Headwaters Forest to the federal government.  This was a unique transaction involving sensitive resources and the need for the seller to retain certain rights in order to continue operations on its retained lands. 

Forest Lawn Memorial-Park.  Represented the company in the procurement and granting of conservation easements to a governmental agency.  Negotiated a Restoration Contract and a Restoration Management Agreement for a project to restore sensitive habitat, adapting a construction contract and construction management agreement to meet the unique requirements of this project. 

Guaranty Bank.  Represented this bank in the foreclosure of several development projects in Southern California.

Karla N. MacCary
Karla N. MacCary

Practices

Education

J.D., University of California, Los Angeles School of Law, 1990

B.A., University of California, Berkeley, 1987, with highest honors, Phi Beta Kappa

Admissions

California

Professional Affiliations

American Bar Association, Member of Real Property Section

California State and Los Angeles County Bar Association, Member of Real Estate Sections

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