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Greenberg Glusker Partner Steven Lurie Named among Elite California Real Estate Dealmakers.

Billion Dollar Year Earns Real Estate Attorney Recognition for Closing Transactions

LOS ANGELES -- Greenberg Glusker today announced that real estate attorney Steven J. Lurie has been included in the California Real Estate Journal's "California Dealmakers." The special feature highlights a select group of the state's top attorneys, brokers, lenders and developers for their accomplishments during the past year. Since July 2008, Lurie has handled approximately one billion dollars worth of real estate transactions, including representing Transpacific Development Co. in the $73 million purchase of One and Three Premier Place in Irvine, and representing Majestic Realty Co. in more than $225 million in loan transactions involving more than 20 industrial and retail properties.

"Strong business judgment and practical legal experience are needed more than ever to complete a successful transaction in a down market," said Bob Baradaran, Chair of Greenberg Glusker's Real Estate Group. "Steve continually uses those strengths to find new opportunities and close transactions for his clients in all market conditions, and we applaud him for that."

The California Real Estate Journal profile noted several of Lurie's recent client achievements. These include representing shopping center developer J.S. Rosenfield & Co. in the $65 million purchase and related acquisition financing of Larkspur Landing Shopping Center in Marin County, and in the acquisition of a 31-year ground leasehold interest in Coast Village Shopping Center in Montecito, California. Lurie also represented Malibu Lumber Yard, LLC in the acquisition, construction financing, development and leasing of the 32,000 square-foot Malibu Lumber Yard Shopping Center, the first retail development to be built in Malibu in two decades. The profile also notes that much of Lurie's current practice activity is on loan modifications and lease workouts.

In addition to his active real estate practice, Lurie also maintains a thriving golf course industry practice, representing more than 260 golf courses across 25 states, including such major players as Sequoia/Canongate Golf, American Golf and NGP Realty Sub LP. He advises on major refinancings, sales, purchases, leases, management agreements and other transactions.

The "Dealmakers" piece mentions Lurie's success in accomplishing his client's objectives and practical approach that impresses all parties in the deal. "I'm very fortunate to have long-standing clients who've remained active in this economy," he said.

Lurie's deal making achievements during a down market were also the subject of a recent profile by the Los Angeles Business Journal - the paper recognized Lurie as one of the region's 2009 powerbrokers in its "Who's Who in Real Estate.

About Greenberg Glusker - Celebrating Our 50(th) Anniversary in 2009

Recently recognized by Chambers USA and Legal 500, Greenberg Glusker helps clients to maximize their potential by providing strategic business and legal counsel in matters involving entertainment, real estate, land use, environmental, intellectual property, technology, business, employment, estate planning, taxation and litigation. For more information, visit GreenbergGlusker.com.
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Publication:Business Wire
Geographic Code:1U9CA
Date:Sep 17, 2009
Words:469
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