Nixon Peabody LLP

  • People
  • Capabilities
  • Insights
  • About

Trending Topics

    • People
    • Capabilities
    • Insights
    • About
    • Locations
    • Events
    • Careers
    • Alumni

    Practices

    View All

    • Affordable Housing
    • Community Development Finance
    • Corporate & Finance
    • Cybersecurity & Privacy
    • Environmental
    • Franchising & Distribution
    • Government Investigations & White Collar Defense
    • Healthcare
    • Intellectual Property
    • International Services
    • Labor & Employment
    • Litigation
    • Private Wealth & Advisory
    • Project Finance
    • Public Finance
    • Real Estate
    • Regulatory & Government Relations

    Industries

    View All

    • Cannabis
    • Consumer
    • Energy
    • Entertainment
    • Financial Services
    • Healthcare
    • Higher Education
    • Infrastructure
    • Manufacturing
    • Non Profit
    • Real Estate
    • Technology

    Value-Added Services

    View All

    • Alternative Fee Arrangements

      Developing innovative pricing structures and alternative fee agreement models that deliver additional value for our clients.

    • Continuing Education

      Advancing professional knowledge and offering credits for attorneys, staff and other professionals.

    • Crisis Advisory

      Helping clients respond correctly when a crisis occurs.

    • DEI Strategic Services

      Providing our clients with legal, strategic, and practical advice to make transformational changes in their organizations.

    • eDiscovery

      Leveraging law and technology to deliver sound solutions.

    • Global Services

      Delivering seamless service through partnerships across the globe.

    • Innovation

      Leveraging leading-edge technology to guide change and create seamless, collaborative experiences for clients and attorneys.

    • IPED

      Industry-leading conferences focused on affordable housing, tax credits, and more.

    • Legal Project Management

      Providing actionable information to support strategic decision-making.

    • Legally Green

      Teaming with clients to advance sustainable projects, mitigate the effects of climate change, and protect our planet.

    • Nixon Peabody Trust Company

      Offering a range of investment management and fiduciary services.

    • NP Capital Connector

      Bringing together companies and investors for tomorrow’s new deals.

    • NP Second Opinion

      Offering fresh insights on cases that are delayed, over budget, or off-target from the desired resolution.

    • NP Trial

      Courtroom-ready lawyers who can resolve disputes early on clients’ terms or prevail at trial before a judge or jury.

    • Social Impact

      Creating positive impact in our communities through increasing equity, access, and opportunity.

    1. Home
    2. People
    3. Kris E. CurranPeople
    1. Home
    2. People
    3. Kris E. CurranPeople

    Kris E. Curran

    Partner


    • Chicago
    • Office312.977.4369
    • kecurran@nixonpeabody.com
    • Download vCard
    • Share
    • LinkedIn Profile

    Introduction

    Kris Curran has a diverse, national commercial real estate practice. He represents owners, developers and lenders in acquisitions and dispositions, development joint ventures, mortgage and mezzanine loan transactions and lease transactions. He also has considerable experience with real estate transactions involving the health care facilities and hotels.

    Practice Areas

    Real Estate

    Industries

    Real Estate

    My focus

    I focus my practice on representing owners and developers in acquiring and developing office, industrial, multi-family and hotel properties. These transactions often include joint venture agreements and permanent, construction or mezzanine loan financing. My hotel industry experience includes acquisitions, sales and development of hotel properties and negotiation of hotel franchise agreements. I also represent hospitals and development companies in complex medical office building (MOB) development projects. These projects often involve under ground lease and air rights lease arrangements.

    Looking ahead

    The current healthy economy presents tremendous opportunities for developers of all manner of real estate products, particularly warehouse/distributor, residential and office uses.

    Representative experience

    • Represented an Illinois-based hospital system in connection with the development of two medical office buildings. Both developments consisted of multi-story buildings with significant rentable areas constructed within air rights parcels. I advised clients on structuring the transactions, drafted and negotiated the air rights leases and handled all related documentation, including reciprocal easement agreements, cost sharing agreements and master leases.
    • Represented Cook County Illinois in negotiating a redevelopment agreement with a private developer for the redevelopment of historic, Old Cook County Hospital and surrounding land with a phased development involving hotel, office and residential and retail uses. The first phase of the development involved the redevelopment and rehabilitation of Old Cook County Hospital into office and hotel uses under three separate ground leases
    • Represented a national hotel chain in negotiating and documenting a joint venture agreement with a developer for the development and operation of a 296-room hotel in Austin Texas. Additionally, I represented the joint venture in negotiating and closing a $37 million construction loan for the project.
    • Represented a major investment bank in connection with the mezzanine loan portion of a $52 million combined financing of a high-rise condominium development in Chicago's South Loop area.
    • Represented a Chicago-based REIT in acquiring a portfolio of 18 industrial properties in a southwest suburb of Chicago. The combined acquisition price was $48 million.
    • Represented a New York real estate investment fund in the sale of a Chicago high-rise apartment project for approximately $83 million.
    • Represented a major health insurance company in sale/leaseback transactions of properties developed by the company and in lease transactions with third-party tenants in a downtown Chicago office building developed and owned by the company.
    • A major investment bank in connection with realization of its collateral for a $22.5 million mezzanine financing for the construction of multi-use development in the Streeterville area of Chicago. This representation involved the negotiation of settlement agreements with the developer and the holder of the $49 million first mortgage on the property, along with completion of settlements with multiple mechanics lien claimants. As a result of these settlements, the client took title to the property by deed-in-lieu of foreclosure and is in the process of restarting construction of phase one of the project, which had been stalled by approximately 18 months of litigation prior to settlement.
    • A major insurance company in the settlement of the foreclosure of a $30 million mortgage loan on a combination office/hotel complex. The settlement resulted in our client obtaining title to the property through the mechanism of a consent foreclosure judgment, which ended protracted and vigorously contested litigation.
    • A Canadian insurance company in foreclosing on and/or taking title to a number of problem loans ranging from $1 million to $7 million. The loans were secured by various retail, office and apartment projects in the Chicago Metropolitan area.
    • A major developer in connection with the settlement, by deed-in-lieu of foreclosure, of a defaulted construction mortgage loan on a multi-use downtown Chicago property valued in excess of $140 million which was held by a consortium of U.S. and foreign banks. The transaction resulted in the client and its partners being released from all guaranty obligations related to the loan.
    • A major fund manager in the workout and restructuring of defaulted tax-exempt bond indebtedness related to failed real estate developments in numerous jurisdictions, particularly Colorado and Florida. His representation has included negotiating new bond issues to refund defaulted bonds, representing the client in “forcing out” developers of those projects and locating and installing new development entities in their place.

    Admitted to practice

    Illinois

    Education

    Bradley University, B.A., summa cum laude
    Duke University School of Law, J.D., with honors; Senior Editor, Journal of Law and Contemporary Problems

    Recognition

    • Recognized as one of the Illinois Leading Lawyers—Real Estate Law–Commercial and Finance in 2013–2014; Illinois Super Lawyers—Real Estate, 2005–2012

    Professionals in the Practice Area

    View All
    • Christopher R. Froeb

      Partner / Practice Group Leader, Real Estate & Affordable Housing
      • Boston
      • Office:617.345.1137
      • cfroeb@nixonpeabody.com
      Christopher R. Froeb
    • Denise A. Pursley

      Partner
      • Long Island
      • Office:516.832.7542
      • dpursley@nixonpeabody.com
      Denise A. Pursley
    • Colette A. Dafoe

      Office Managing Partner
      • washington-dc
      • Office:202.585.8393
      • cdafoe@nixonpeabody.com
      Colette A. Dafoe
    • Justin X. Thompson

      Partner
      • Los Angeles
      • Office:213.629.6142
      • jthompson@nixonpeabody.com
      Justin X. Thompson
    • Kristopher J. Stark

      Partner
      • Chicago
      • Office:312.977.4887
      • kjstark@nixonpeabody.com
      Kristopher J. Stark
    View All

    Subscribe to stay informed of the latest legal news, alerts, and business trends.Subscribe

    • People
    • Capabilities
    • Insights
    • About
    • Locations
    • Events
    • Careers
    • Alumni
    • © 2023 Nixon Peabody. All rights reserved
    • Privacy Policy
    • Terms of Use
    • Statement of Client Rights
    • Supplier Diversity Program
    • Nixon Peabody International LLC
    • PAL