Justin X. Thompson is a partner advising commercial and industrial developers, investors, lenders and property owners on all aspects of real estate transactions— including financing, development, leasing (including ground leasing), workouts and loan restructurings, land exchanges, sale-leasebacks, property management arrangements and joint ventures.
I represent clients across the spectrum of the real estate industry, from acquisition, financing and development to leasing and disposition. I have also handled an extensive number of loan restructuring and broken development projects—working with investors, lenders and developers to reposition assets and deploy resources in a manner that facilitates the best outcome under trying circumstances. Projects I have worked on have ranged from industrial, health care and student housing to mixed-use, commercial and office buildings.
I have a special place in my heart for development work (including acquisition and construction financing) and the attendant complexities that it brings. As a veteran of the last downturn, I am no stranger to the nuances of workouts and loan restructurings and the need for creativity when it comes to revisiting transactions in trying times to make them viable. I am particularly passionate about the need to redeploy and reuse real estate for purposes that are in line with and responsive to the current economic climate and our clients’ objectives and I seek to work with stakeholders to achieve that goal in an efficient and thoughtful manner.
Despite the pandemic and related challenges, health care remains an area of strong growth. The increased prevalence of smaller, more strategically located, urgent care facilities and medical service providers in shopping plazas has further fueled this already burgeoning sector of the real estate market. As the medical requirements of older generations continue to increase and consumption habits and preferences of younger generations continue to evolve, the need for creative and viable health care real estate options will only increase in the coming years.
While real estate is undoubtedly a late adopter of technology, there can be no denying the impact that technology is poised to have on the market in the coming years. With the impending introduction of autonomous vehicles and drones, there is almost no aspect of the real estate industry that will remain untouched by the technological advancements introduced over the coming decade. Closing processes and procedures will be forced to evolve, development and financing practices will streamline (or be abandoned altogether) and the very notion of what comprises highest and best use (a guiding principle of real estate use) will be redefined. From a legal standpoint, technology will usher in a host of previously unknown considerations to be addressed. By anticipating these considerations, we are better able to advise our clients on likely impacts and opportunities.
The acute need for strategically located real property necessitates creative solutions for supply. Subdivision and development of land and airspace in denser or more desirable areas provide a key means of filling this need. In my career, I have acquired hands-on experience with the pitfalls and peculiarities of the subdivision process, (including California’s Subdivision Map Act), airspace subdivisions and condominium structures of ownership. This experience has allowed me to help clients identify and act on opportunities. I have successfully applied this skillset in industrial, office, retail, healthcare, and higher education projects to help clients maximize their return on real estate assets.
These are uncertain times and our world is poised to change in some profound ways in response to the pandemic and related impacts. Real estate will always be essential to how we function as a community and society, however, recent world events, when coupled with the advent and adoption of autonomous vehicles, drones and other proptech make it a virtual certainty that we will see fundamental changes in best practices, highest and best use and deployment of our real estate resources. Early awareness of the coming changes and their pending impact on the real estate industry sets us apart from our competition and allows us to most effectively advise our clients.
Law360 | September 21, 2021
This article spotlights the arrival of Los Angeles Corporate counsel Jean Yu as a member of the firm’s Employee Benefits & Executive Compensation team. Los Angeles office managing partner Justin Thompson is also quoted on the firm’s continued growth on the West Coast.
Spectrum News | July 15, 2021
Los Angeles office managing partner Justin Thompson, of the Affordable Housing & Real Estate group, is quoted throughout this article discussing some of the legal hurdles and general challenges companies could face as they plan to roll out drone delivery.
Los Angeles Times | March 22, 2021
Los Angeles office managing partner Justin Thompson, of the Affordable Housing & Real Estate group, participated in a virtual roundtable discussion on COVID-19’s impact on commercial real estate, market-driving trends, and what’s on the horizon for the industry.
Pacific Coast Business Times | May 29, 2020
Los Angeles office managing partner and Affordable Housing & Real Estate partner Justin Thompson wrote this article about how the COVID-19 pandemic has impacted commercial real estate and steps that the industry can take towards recovery.
Commercial Observer | March 28, 2020
Los Angeles office managing partner Justin Thompson, of the Affordable Housing and Real Estate practice group, says there is no modern comparison to California’s blanket moratorium on evictions during the coronavirus crisis.
Commercial Observer | March 20, 2020
Los Angeles office managing partner Justin Thompson, of the Affordable Housing and Real Estate practice group, talks about California’s proposed moratorium on commercial evictions. Justin notes that tenants who do not pay their rent may face negative contractual consequences even they are not evicted.
Louis D. Brandeis School of Law at the University of Louisville, J.D., Regional Editor and Member of Journal of Law and Education
The University of Texas at Austin, B.B.A.
California
Kentucky
