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Billion Dollar Year Earns Real Estate Dealmaker Steven Lurie A “Who’s Who” Status

September 15, 2009Article
Los Angeles Business Journal

Greenberg Glusker Real Estate Attorney Recognized by the Los Angeles Business Journal  for Handling Innovative Transactions for Prominent Developers and Investors

Greenberg Glusker today announced that real estate Partner Steven J. Lurie has been named in the Los Angeles Business Journal “Who’s Who in Real Estate” special report.  One of 14 “fearless, down-market competitors” profiled in the publication, Lurie was prominently featured in the “Legal” category for handling “$1 billion in deals over the last year” and his longstanding client relationships with industrial real estate developer Majestic Realty Co., shopping center developer J.S. Rosenfield & Co., and commercial real estate company Transpacific Development Co.

“While the past year for the real estate market has been one that many would prefer to forget, Steve has certainly made it a memorable and positive year,” said Bob Baradaran, Chair of Greenberg Glusker’s Real Estate Group.  “His adaptability, strong client relationships and ability to consistently strike ‘win-win’ solutions make Steve a highly valued leader for the Firm and for clients as the real estate and financial markets enter the next stage of recovery.”

The LA Business Journal noted several of Lurie’s recent deals, including:

  • Represented Transpacific Development Co. in $73 million purchase of 270,000-square- foot One and Three Premier Place in Irvine, home to Taco Bell and Ford Motor Co.
  • Counseled Majestic Realty Co. in refinancing of more than $225 million in debt on more than 20 industrial and retail properties.
  • Restructured unique loan workout terms for a golf course owner’s property in Northern Nevada.

“It is an honor to receive this recognition from the business community,” said Lurie.

Lurie elaborated in the publication about looking at the “big picture for my clients” and his joy in “doing deals…negotiating and overcoming obstacles and figuring out ways to get things done.”  He also credited his experience in the early 1990s real estate downturn, including forming loan modification strategies for helping address current challenges created by the frozen credit market.

Lurie, who also maintains an active Golf Course industry practice, has been listed among the Southern California Super Lawyers for the past three years and was just named a 2009 California Dealmaker by the California Real Estate Journal.