Gregory R. Philipp’s law practice is focused in commercial real estate transactional matters including acquisitions and dispositions, leasing, real property secured financing and title and escrow work.
I don’t remember a time when I didn’t want to practice law. I told friends in elementary school and wrote an essay in ninth grade that I wanted to be a lawyer, and I’m proud that I’ve been able to fulfill that goal.
I practice commercial real estate. Our group handles all kinds of transactions, mostly surrounding purchase, sale, leasing and financing of commercial real property.
Being involved in some very large, complicated transactions has given me valuable experience. A large transaction I worked on extensively was the Kobra Properties bankruptcy case, which was the largest bankruptcy case in the Eastern District up to that point. Our real estate team handled the real estate aspects of the bankruptcy, which involved around $300 million in liabilities of all sorts.
I’m a huge baseball fan and love the Boston Red Sox. I have a life-long goal to visit all major league ballparks, and I’ve been to 14 so far. I hope Dodger Stadium will be my next stop.
Presented explanation of California’s new energy efficiency disclosure requirement (AB 1103) to bank client.
I started my real estate law practice when the economy was at its worst. That was challenging, but I also saw how a number of our clients got really good deals on property. Several clients I was working with weathered the storm and I helped them do deals that were counter to the prevailing economic winds.
Acquisitions and Dispositions
Represented SAFE Credit Union in its acquisition of a new corporate headquarters building in Folsom, California, and disposition of former headquarters building in North Highlands, California (2013 and 2014).
Served as special real estate counsel to the Chapter 11 Trustee in connection with the sale, auction and disposition of the estate’s numerous real property holdings and commercial real estate portfolio in the largest bankruptcy filing in the history of the U.S. Bankruptcy Court – Eastern District of California (2009-2012).
Represented Wildlife Heritage Foundation in its acquisition of a 9,200 acre agricultural conservation easement in San Joaquin County.
Represented Molina Healthcare, Inc. in its $81 million acquisition and financing of the Arco Towers high-rise office project in Long Beach, California (2011).
Real Estate Finance
Represented a private equity investor in commercial office properties in a management team buyout from Morgan Stanley of multiple joint-venture real estate assets and a $27 million securitized loan financing of the acquisition (2010-2011).