Gary L. Cole AIA, Esq. is an experienced real estate attorney who has represented developers, sellers and buyers, and landlords and tenants in a wide variety of single and multi-residential, shopping center, big-box and chain retail, chain restaurant, bank, hotel, office, industrial developments, telecommunication, solar power generation and historic rehabilitation projects. He has handled all aspects of property transactions including purchase contracts and lease negotiations, construction and permanent financing, bond issuance, zoning, permitting and land use, property management and development finance and tax-related incentives.
He was a real estate attorney for two of Chicago’s largest law firms – Winston & Strawn LLP and Seyfarth Shaw LLP – and served as in-house counsel for one the Southeast’s largest retail developers – The Sembler Company – representing it in a wide variety of shopping center and retail development legal matters for projects of 15,000 square feet to 1,100, 000 leasable square feet. He was lead attorney for The Sembler Company in obtaining approximately $50 million in public infrastructure bonds for its retail developments. He has also been involved in single-family and multi-family residential transactions.
His expertise in development incentives, which include various tax-credit, tax deduction, tax-increment financing, grant, historic rehab and other financial incentives – where available – allow clients to enhance the profitability of their projects by bundling available incentives together. He frequently publishes and speaks publicly about tax-related development incentives to a wide range of real estate, design and construction industry professionals.
Real Estate Legal Services
– Commercial and Residential Purchase and Sales Transactions: contract drafting negotiations, due diligence, title and survey issues and closings
– Commercial and Residential Purchase and Sales Transactions: contract drafting negotiations, due diligence issues, title and survey issues, and closings
– Commercial and Residential Leasing: office, industrial, retail big/mid-box, outparcel and in-line leases; and residential leases
– Real Estate Private Finance: debt and equity financing for acquisition, development and construction
– Real Estate Public Finance: public bond issuance for development and public grants
– Real Estate Development Financial Incentives: including, bundling tax credits and syndication, tax deductions, property tax freezes, tax-increment financing (TIF) and grants
– Real Estate Development Entitlements: permitting, land use, zoning, utility and road approvals, easements, compliance with historic rehabilitation guidelines and regulatory approvals, environmental approvals, development agreements; property owners associations (POAs); and conditions, covenants and restrictions (CCRs)
– Real estate property management issues
– Green building, tax incentive and development issues
– Distressed real estate asset issues including short sales, deed-in-lieu, loan modifications and mediation
– Special–purpose real estate development legal entity formation