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Lubin Olson Land Use Team Handles 2013 "Real Estate Deal of the Year"

Lubin Olson congratulates its clients the Regents of the University of California, the John Stewart Company, Devine & Gong Inc., and Ridgepoint Nonprofit Housing Corp. on their successful real estate developments, each of which was recognized by the San Francisco Business Times as part of its 2013 "Real Estate Deals of the Year" program.  Land use partner Charles Olson represented the development team.

Community Impact Deal of the Year Winner: Hunters View

Represented Developers: The John Stewart Company, Devine & Gong Inc., and Ridgepoint Nonprofit Housing Corp.

This new development, the first HOPE SF project in San Francisco, will ultimately replace 267 units of affordable housing and add market rate housing, new open space, and other amenities in the Bayview District. The first phase involved the replacement of 107 units of affordable housing on eight acres of land, at a cost of $84 million. The larger project, which will proceed in phases, will include 750 units of housing and two public parks, at a total cost of $450 million. Lubin Olson obtained entitlements and handled all aspects of financing (including a $30 million grant in Prop 1C funds, federal stimulus funds, funding from the former San Francisco Redevelopment Agency, the San Francisco Housing Authority and the Mayor’s Office of Housing, and approximately $30 million in low-income housing tax-credit equity).

New Research and Development Deal of the Year Winner: UCSF Sandler Neurosciences Building

Represented the University of California, San Francisco

This new development involved the construction of a 237,000 square foot research and development facility for UCSF at a cost of $165.5 million. Lubin Olson handled all aspects of CEQA compliance and related land use issues.

Rehab/Renovation Deal of the Year Finalist: California Memorial Stadium

Represented the University of California, Berkeley

This extensive $321 million rebuild of Cal’s Memorial Stadium was necessary to upgrade and seismically strengthen the nearly 90-year old facility. Lubin Olson handled all aspects of CEQA compliance and related land use issues and successfully overcoming five litigation challenges to the project.

New Research and Development Deal of the Year Finalist: Energy Biosciences Building

Represented the University of California, Berkeley

This new development involved the construction of a 112,800 square foot research and development facility for Cal at a cost of $100 million. Lubin Olson handled all aspects of CEQA compliance and related land use issues.

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