Real Estate

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Gordon Feinblatt has played an integral role in the development of commercial real estate throughout Maryland and the surrounding region since the Firm’s founding in 1953.

We leverage our significant experience to provide a multidisciplinary approach for our clients when structuring, planning and implementing transactions that involve buying, selling, developing, owning, operating, leasing and constructing all types of projects.

The Real Estate Team represents local and national real estate developers, owners, operators, managers, investors and commercial lenders. Matters on which the Team has worked include the Baltimore Inner Harbor, Oriole Park at Camden Yards, M&T Bank Stadium, Metro Centre at Owings Mills, Mondawmin Mall and the Port of Baltimore.

The Team is experienced in all aspects of project financing, including acquisition, development, construction, permanent loans (both public and private) and rendering opinion letters. We provide counsel regarding real estate investments and securities that involve private placement with outside, passive investors, including advice regarding Securities and Exchange Commission regulations and compliance.

We have vast experience in dealing with Maryland’s high recordation and transfer taxes, which are imposed at the state and local levels, and we have been able to structure financing and purchase transactions in ways that eliminate or substantially reduce these taxes. Our lawyers frequently serve as local counsel on matters involving Maryland real property, working with out-of-state lawyers in representing borrowers and lenders as Maryland counsel on financing transactions and with sellers and buyers in purchase transactions. When we serve as Maryland counsel for borrowers, we apply our knowledge of recordation and transfer tax laws and exceptions to assist the parties, and we often render opinion letters to the lenders covering matters about their borrowers and their loans, including enforceability of the loan documents. 

Our lawyers also advise both borrowers and lenders in the work-out and restructure of loans, ranging from residential development loans to major commercial development and construction loans, including troubled projects. Members of our Team have significant experience in workouts, foreclosures, deeds-in-lieu of foreclosure, receiverships and bankruptcy proceedings.

Our Team represents both landlords and tenants in leasing and ground leasing arrangements for retail (including shopping centers), office, industrial, warehousing and flex spaces. We represent condominium and homeowners’ associations, as well as developers and owners of multifamily housing cooperatives.

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Virtually, every commercial real estate transaction must deal with potential environmental liabilities in the face of rapidly changing environmental standards. In fact, many transactions cannot proceed without creative solutions to seemingly intractable environmental problems. We assist clients to overcome environmental hurdles encountered during the acquisition or development of real estate, the acquisition of companies, and the financing of commercial loans. We also advise on compliance with climate change regulations for building owners.

Tax considerations, which are often complex, are integral to every real estate transaction. Our tax lawyers provide advice and insight on structuring transactions and real estate matters including property re-evaluations, agricultural use treatment, negotiating tax abatements as inducements for industrial and urban development, and pursuing real property tax appeals. Our team advises on tax mitigation strategies, succession planning and we also provide estate planning for key stakeholders involved in the ownership of commercial real estate.

Our litigators are also skilled problem solvers when mediation, arbitration or litigation is involved, always pursuing the most beneficial and cost-effective resolution possible.

Opportunity Zones

The Tax Cuts and Jobs Act of 2017 created a new section of the Internal Revenue Code designed to bring investment and development into the region. Investors, business owners, developers and city officials are working together to spur economic activity incentivized by tax benefits for development in low-income and under-served communities. Investors benefit by placing unrealized capital gains into Opportunity Funds, which are then invested in these communities, or Opportunity Zones, designated in each state, including each Maryland county and Baltimore City.

Our attorneys help clients realize these potential tax benefits by advising them through this evolving landscape. We stay abreast of proposed regulations and regularly present and author content on new developments. We provide a multidisciplinary approach for our clients in navigating the Tax, Real Estate, Securities and Business considerations of Opportunity Zones.

For questions about Opportunity Zones, contact:

Douglas T. Coats | 410-576-4002 |
Michele B. Walsh | 410.576-4216 |
Searle E. Mitnick | 410-576-4107 |
Lynn B. Sassin | 410-576-4151 |
Edward J. Levin | 410-576-1900 |
Kenneth S. Aneckstein | 410-576-4053 |

Our Real Estate Team is actively involved in matters that include:

  • Acquisitions
  • Agricultural land use
  • Architectural contracts
  • Climate Change regulations for building owners
  • Condominium associations and conversions
  • Construction contracts
  • Corporate governance
  • Design and build contracts
  • Disposition
  • Easements
  • Executive compensation
  • ERISA and employee benefits
  • Environmental regulation
  • Financing - public and private
  • Formation of entities
  • Government approvals
  • Government assisted housing
  • HUD
  • HUD financing
  • Industrial
  • Investments and securities
  • Land development
  • Landlord and tenant matters
  • Leasing
  • Loan foreclosures and "work-outs"
  • Local counsel representation of borrowers and lenders
  • Mixed-use developments
  • Office
  • Opinion letters in connection with financing transactions
  • Planned unit developments
  • Property tax appeals
  • Real Estate Investment Trusts (REIT)
  • Receiverships
  • Reciprocal easement agreements
  • Recordation taxes
  • Sale and leasebacks
  • Shopping centers
  • Tax credit projects
  • Tax planning
  • Title insurance
  • Title interests
  • Transit-oriented developments
  • Transfer taxes
  • Trusts and estates
  • Zoning and land use

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