Insights
Firm News

Farella Braun + Martel Represents The Swig Company in Purchase of Oakland’s Kaiser Center

June 17, 2005 Announcement

San Francisco, CA (June 17, 2005) – Farella Braun + Martel announced today it has completed a major deal on behalf of The Swig Company, a privately owned real estate investment and management company based in San Francisco.   Led by Farella Braun + Martel partner Tony Ratner, The Swig Company has purchased the prestigious Kaiser Center in Oakland, CA, from Summit Commercial Properties and Highridge Partners.  Terms of the transaction were not disclosed.

The Farella Braun + Martel team included partner Matt Lewis and Associate Eric Stephens of the Business Transactions department, as well as Brian Donnelly of the Tax group.

“We are very happy to have been a part of this transaction,” said Ratner.   “We were blessed to be working with a client that has a management team comprised of wonderful people with phenomenal skills.   They got us involved early on; and we worked closely throughout the course of the transaction.  As a result, we were able to chart our way through the structuring of ownership entities, extensive documentation and multitude of parties without the usual headaches and hiccups encountered on deals this size.  It was truly a team effort.”

The acquisition was sourced by The Swig Company, and completed through a joint venture between affiliates of The Swig Company and Swig Investment Company and GMAC Institutional Advisors.   GMAC Commercial Mortgage, through its proprietary lending group, also provided $147 million in fixed-rate financing for the acquisition.  The Swig Company will be the operating partner of the new venture. 

The 900,000-plus square foot mixed-use complex overlooking Lake Merritt has long been one of Oakland’s premier addresses.  The property consists of three structures, including: the Kaiser Center I office building, a landmark high-rise tower containing 784,689 square feet; Kaiser Center II, a mixed-use, 128,730 square foot retail/office building; and a five-story, 1,339-stall parking garage designed to service the two office assets. 

“This investment represents sane pricing with a decent return,” said Jeanne Myerson, The Swig Company’s Chief Executive Officer.   “The deal is based on rents at or below market, and offers some redevelopment potential, along with a new development option on a portion of the site.” 

Tenants in the center include the Bay Area Rapid Transit Authority (BART) with well over 300,000 square feet; the University of California Regents with more than 152,774 square feet; the Kaiser Foundation Health Plan with more than 75,000 square feet; and California Bank & Trust, with in excess of 45,000 square feet.

About Farella Braun + Martel LLP
Since its founding in 1962, Farella Braun + Martel has achieved a national reputation for the acumen of its business practice, the high profile cases of its complex commercial litigation practice and its prestigious client base. The San Francisco-based firm serves a diverse group of clients from multinational corporations to emerging businesses. The firm also has an office in the Napa Valley focused on the wine industry and related businesses. 

Farella Braun + Martel’s Real Estate Department has handled the acquisition and disposition of billions of dollars worth of commercial properties in Northern California. Many of these transactions required the creation of sophisticated ownership structures, ground leases, tax planning, complex financing arrangements, and the resolution of significant environmental issues.  Our Real Estate Department represents a full range of clients active in the real estate industry, including developers, public REITs, investors, lenders, vintners, hoteliers and asset managers.

Firm Highlights

Publication

Renewable Energy Roundtable Update in the Wake of COVID-19

The COVID-19 pandemic has resulted in widespread disruption of business and industry across California, including the state’s vibrant renewable energy and energy storage industry. Farella Braun + Martel attorneys are tracking developments and advising...

Read More
Publication

Paycheck Protection Program Eligibility for Private Equity and Venture Capital-Backed Entities

Congress’ recently enacted Coronavirus Aid, Relief and Economic Security Act (CARES Act) created a new small business lending program to provide a direct incentive for small businesses to keep their workers on their payroll...

Read More
News

Dan Cohn Named to American Friends of Tel Aviv University Board of Directors

SAN FRANCISCO, May 26, 2020: Farella Braun + Martel Partner Daniel E. Cohn was elected to the American Friends of Tel Aviv University (AFTAU) Board of Directors. AFTAU is a nonprofit organization that raises...

Read More
Publication

Questions Wineries Need to Answer Before Talking With Lenders About Coronavirus-Caused Financial Woes

The coronavirus pandemic and public health efforts to combat it will impact different wine businesses in different ways. Those that depend upon on-premise and direct-to-consumer (DTC) sales — such as restaurant, hospitality, and tasting room...

Read More
Publication

CARES Act Paycheck Protection Program Summary (Updated)

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) Paycheck Protection Program (PPP) aims to provide qualifying small businesses, nonprofit organizations, veterans organizations, tribal businesses, sole proprietors, and independent contractors forgivable loans of...

Read More
News

Farella Represents the Bundschu Company in its Acquisition of Valley of the Moon Winery

SAN FRANCISCO, March 5, 2020: Farella Braun + Martel represented the Bundschu Company in its acquisition of the 60 acre winery and vineyard property at the historic Rancho Agua Caliente in Glen Ellen, California...

Read More
Publication

Fed Announces New Main Street Lending Program

Loans Will Provide Additional Support for Small and Mid-sized Businesses On April 9, 2020, the Federal Reserve released the terms of its Main Street Lending Program , a $600 billion loan fund for U.S...

Read More
Publication

7 Ways to Check If Coronavirus Triggers ‘Force Majeure’ Clauses in Your Wine Business Contracts

Never in the experience of most of us has an event so thoroughly interrupted business as usual as the coronavirus pandemic. The wine business runs on contracts: grape purchase agreements, event hosting contracts, vineyard...

Read More
News

Farella Braun + Martel Attorneys, Practices Recognized by Chambers USA 2020

SAN FRANCISCO, April 23, 2020: Farella Braun + Martel announces that Chambers USA has recognized 12 lawyers and five practice areas in the legal directory’s 2020 edition. Individual Rankings: Tyler Gerking – Insurance: Policyholders...

Read More
Publication

CARES Act Money for Wineries? (Updated)

Beginning April 3 rd , the Small Business Administration will begin accepting applications for Paycheck Protection Program (PPP) loans under the new CARES Act. Amid the flurry of news, small winery owners may not yet have...

Read More