Best Tier Law Firm Latham & Watkins Extends Center Tower Lease Through 2025

Costa Mesa, Calif. (PRWEB) July 03, 2013

When USC law college student Dave Meckler was recruited as a clerk by the Costa Mesa office of Latham &amp Watkins in the fall of 1987, he recalls navigating by means of floors filled with yet unpacked boxes.

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The leading-tier law firm that expanded from Los Angeles into Orange County with the opening of a tiny practice in Santa Ana in 1972 had just moved to the prime floors of the brand-new, 21-story Center Tower, the distinctive Swedish Napoleon Red Granite higher-rise with a sweeping curved face positioned in the heart of the countys urban center adjacent to South Coast Plaza and Segerstrom Center for the Arts.

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Meckler, now 49, hasnt had to rearrange boxes again given that the firms move to Center Tower in 1987. He still performs out of the very same developing for Latham &amp Watkins, a testament to the marquee law firms longstanding and unique partnership with the buildings owner and management staff.

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Center Tower has been my second residence for virtually 25 years now, says Meckler, a companion who specializes in real-estate transactions. As with a lot of of our attorneys, I moved to inside 10 minutes of the office and take pleasure in the convenience of an straightforward commute. There are some tremendous positive aspects to staying in this great location.

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Currently the biggest and longest-standing tenant of Center Tower, Latham &amp Watkins recently renewed its lease to stay on the four upper floors of the prestigious higher-rise via 2025 a rare extended-term renewal (its second at the place) in the at times volatile and swiftly altering industrial workplace industry.

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Center Tower has been a landmark on Orange Countys skyline since it opened as the countys tallest office tower. And as original tenant Latham &amp Watkins illustrates, it is residence to enterprise operations that have a worldwide attain, testament to its longstanding reputation as one particular of Orange Countys premier organization addresses.

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Latham &amp Watkins began as a two-man shop in Orange County and, when the firm relocated to Center Tower, its client base was strictly neighborhood.

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How occasions change.

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These days, with more than 30 offices worldwide and much more than 2,000 lawyers, Latham &amp Watkins is a worldwide powerhouse and several of its international functions are housed in Costa Mesa, which includes Internal Auditing. About half of the business generated out of the Costa Mesa office, which includes Mergers and Acquisitions, Intellectual House, Environmental, Genuine Estate and Securities Legal Solutions, is for clientele outside of Orange County.

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The sophistication of the perform becoming completed out of this office is comparable to the operate being carried out by the major law firms in New York City, Meckler says.

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Meckler and other longtime staff of the law firms Costa Mesa workplace have witnessed the area around Center Tower transform from fields of lima beans into a world-class location that also contains South Coast Plaza and cultural venues, as nicely as the finest collection of retail, dining, and hotel amenities in southern California.

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Located at 650 Town Center Drive, Center Tower is just minutes from John Wayne Airport with simple freeway access to all of Orange County 1 of the main rewards for Center Tower tenants, says Scott Shean, 43, managing partner of Latham &amp Watkins Costa Mesa workplace who has worked there for 19 years.

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There have been possibilities to move to new places more than the years, especially for the duration of the dot.com craze as effectively as the recession, Shean says. But weve constantly been really content with the management of this developing, and we really feel this is one particular of the very best areas in the county.

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The Creating Owner recognizes marketplace dynamics, and weve usually had a specific relationship, adds Shean. They continue to make this a Class-A home in all respects. The location, the tenant service and the quality of the developing make this wonderful for the lengthy term.

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Right now, about 75 lawyers and 150 total staff of Latham &amp Watkins perform in Center Tower, says Nancy Eberhart, who runs the firms administrative functions and is marking her 24th year in Center Tower in March. She started at the firm as a paralegal.

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Taking her usual lunch across the street at South Coast Plaza, Eberhart has become an expert over the years about the altering tenants at the premier retail center and the hot spots for lunch. Shes currently a large fan of Champagne French Bakery and Cafe, but enjoys the selection of the a lot of restaurants just minutes from her workplace.

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Meckler calls the Creating Ownership really a class organization all the way around and one of the motives Latham &amp Watkins has decided to remain in Center Tower.

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Theyre incredibly loyal, Meckler says. Their philosophy is constructed around discovering out what they can do to support their tenants succeed.

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Now that Latham &amp Watkins has extended its lease by means of 2025, Meckler expects to invest his entire career at Center Tower handling, as do several of his colleagues, significant organization offers just across the street from South Coast Plaza.

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About Center Tower&#13

Center Tower and the adjacent Segerstrom Center for the Arts are at the core of Orange Countys urban center. 21 stories of Swedish Napoleon Red granite and the distinctive sweeping curved face are right away recognizable. Tenants contain prestigious legal, economic and service firms. At the base of Center Tower is The Center Club, a private club that supplies fine dining and meeting facilities. The rich array of amenities in and around Center Tower consist of sculptural operates by Richard Lippold, Carl Milles, Joan Miro, Henry Moore, George Rickey and Tony Smith more than two hundred separate purchasing possibilities within internationally acclaimed South Coast Plaza and an impressive array of over fifty restaurants from swift-bites to fine dining. Discriminating tenants who choose to become element of the urban excitement and vibrant fabric of Orange County select Center Tower.

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About Latham &amp Watkins&#13

Latham &amp Watkins is a global law firm with around 2,000 attorneys in 31 offices positioned in Abu Dhabi, Barcelona, Beijing, Boston, Brussels, Chicago, Doha, Dubai, Frankfurt, Hamburg, Hong Kong, Houston, London, Los Angeles, Madrid, Milan, Moscow, Munich, New Jersey, New York, Orange County, Paris, Riyadh, Rome, San Diego, San Francisco, Shanghai, Silicon Valley, Singapore, Tokyo and Washington, D.C. For a lot more information on Latham &amp Watkins, please visit the web site at http://www.lw.com.

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Equity Primarily based Solutions, Inc. Successfully Extends Self Storage Construction Loan

Phoenix, AZ (PRWEB) September 21, 2009

Equity Based Services, Inc. (“EBS”) announced nowadays that they have effectively renegotiated an extension to an current construction loan. The original loan was utilized to construct a Class-A, 2-storey expansion to the EZ Store facility in Peoria, AZ a suburb of Phoenix.

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The three year building loan with Imperial Capital Bank came due this month and was extended for an extra year at substantially the same terms. The interest price remains at Bank of America Prime + 50 basis points and amortized more than 25 years.

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EZ Shop received its Certificate of Occupancy on January 20th of 2008 and began rental activity on February 1, 2008. As of the refinancing, the new facility has achieved 79% occupancy by square foot. Full stabilization is anticipated by the time the loan matures which need to facilitate the straightforward and straightforward placement of permanent financing.

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“This loan extension shows that there is pragmatic optimism in the commercial lending markets and that lenders are being affordable with modifying loan terms on projects that make financial sense. The financial landscape still makes sense for offers that make sense,” states Troy Downing, Principal Equity Primarily based Solutions, Inc.

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“In today’s atmosphere, the ability to refinance or extend a loan is driven by the Lender’s perception of an operator’s experience, professionalism, and the constant execution of a nicely thought out organization strategy.” States Stephen Kaplan, CEO, Equity Based Solutions. “A loan modification that does not involve a reduction of principal, a greater interest rate, or further collateral requirement validates an Operator’s ability to perform in a down or receding economy.”

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About Equity Primarily based Services, Inc &#13

EBS is a Private Actual Estate Business specializing in the acquisition and management of self-storage home. According to the Mini-Storage Messenger, EBS is one particular of the best owner/operators in the US. EBS currently owns and operates 63 Self-Storage properties in 11 states with a current marketplace worth of a lot more than $ 300 Million. EBS also manages a family members of Private Equity Funds for institutional and higher net worth person investors. The EBS Income Fund, the EBS Revenue and Growth Fund II, and the Pilot Equity Value Added Fund all closed in 2007. For far more details, make contact with Kurt Ambrosius at 619-220-6700.

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This Press Release is for informational purposes only and does not, in any way, constitute an providing to buy or sell securities.

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Connected Loan Modification Services Press Releases

Application Efficiency Management Service Extends Layered Techs Leadership in Managed Hosting


Plano, TX (PRWEB) June 25, 2013

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