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Nossaman LLP

Karla N. MacCary

Partner

T 213.612.7862
F 213.612.7801
777 South Figueroa Street, 34th Floor
Los Angeles, CA 90017

Karla MacCary has more than 20 years of experience in real estate transactional and financing matters, and serves as Chair of Nossaman's Real Estate Practice Group.  She represents developers in the acquisition and disposition of such projects as office buildings, hotels, condominiums, industrial properties, retail centers, mitigation properties, apartments and undeveloped land, and she represents governmental agencies in the acquisition and leasing of real property for various uses, and in special real estate matters. 

Ms. MacCary also represents landlords, tenants and governmental entities in leasing of commercial and industrial properties as well as ground leases.  She also represents borrowers and lenders in loans secured by real property and in equity financing, as well as loan assumptions and defeasances of securitized loans.

Representative Work

Port of Long Beach.  Represented the Port of Long Beach in negotiating a ground lease extension for Port lands, and in negotiating an option for a long-term ground lease of an additional parcel.  Represented the Port of Long Beach in negotiations to acquire the Long Beach World Trade Center and Airport Plaza for the Port’s administrative offices. Represented the Port in developing a form of Solar Site License Agreement.  

Los Angeles County Metropolitan Transportation Authority. Represented the agency in the acquisition of an office building that was subject to bankruptcy proceeding for $40 million and the leaseback of the property to the current user pending demolition by the agency.

County of Monterey.  Represented the County in the acquisition of two office buildings for $36 million for use by the County as administrative offices, and the termination of the existing leases. 

Orange County Transportation Corridor Agencies.  Key member of the Nossaman team advising the Agencies in all of their real estate needs.  A lead attorney in negotiating the acquisition from The Irvine Company of almost all of the right of way for the Eastern Transportation Corridor.  The lead attorney responsible for the acquisition of two conservation easements and right of way from the Santa Margarita Company.  Lead attorney in the acquisition of an office building for the client's administrative headquarters.  Primary attorney in negotiating an option to acquire right of way through the Marine Corps Base Camp Pendleton.  Advised with utility relocations work and landlord-tenant issues.

333 Market Street.  Lead counsel for a group of Asian investors in the acquisition of an office building, one of the largest U.S. commercial real estate transactions of 2010, including obtaining a $206 million loan.  Negotiated purchase agreement, performed due diligence, and negotiated loan documents. Also represented in the subsequent sale.

Cupertino Gateway. Represented a group of Asian investors in the acquisition of Cupertino Gateway, which is a campus leased in its entirety to Apple.  Also represented the group in lease matters and the subsequent sale.

Gaw Capital Advisors (USA).  Represented private equity funds in the acquisition and/or financing of office buildings and hotels in California and Oregon.

Downtown Properties.  Represented this investor in the acquisition of an airspace lease in the Plaza Las Fuentes in Pasadena and advised the buyer on its financing.  Represented the owner of several downtown Los Angeles office buildings in refinancing loans and in defeasing securitized loans.

MSGG.  Represented the developers of the Douglas, Rowan and El Dorado Buildings in downtown Los Angeles.  Work included negotiating purchase agreements, negotiating and drafting parking easements and covenants, and performing due diligence.  Such properties were completely renovated and were old buildings in downtown Los Angeles adapted for residential use.  Represented the company in negotiating and documenting acquisition, mezzanine and construction loans, including addressing ground lease issues.  Represented the developer of the Douglas Building in leasing all of the building’s retail space. 

Vaquero Energy.  Represented the client in a multimillion dollar acquisition of a one-half working interest in two oil and gas leases in the South Belridge Oilfield in Kern County, one of the largest oil fields in the country including Alaska.  Negotiated two loans secured by the oil and gas leases and by partnership interests.  Represented the client in multimillion dollar acquisitions of oil and gas interests in the Rocky Mountains.

Hunter Edison Oil Development.  Represented this oil producer in negotiating a solar lease and option in Kern County, California.

Merryvale Vineyards.  Represented this winery in the acquisition of additional vineyard lands and development of a new winery.  Representation included the negotiation and documentation of wastewater easements and reciprocal easements, resolution of agricultural issues and contracts, and the negotiation of CC&Rs.  Represented the winery in agricultural loans as well as construction loans and lines of credit.

The Pacific Lumber Company.  Lead member of the Nossaman real estate team for the sale of the Headwaters Forest to the federal government.  This was a unique transaction involving sensitive resources and the need for the seller to retain certain rights in order to continue operations on its retained lands.

Forest Lawn Memorial Park.  Represented the company in the procurement and granting of conservation easements to a governmental agency.  Negotiated a Restoration Contract and a Restoration Management Agreement for a project to restore sensitive habitat, adapting a construction contract and construction management agreement to meet the unique requirements of this project.

Guaranty Bank.  Represented this bank in the foreclosure of several development projects in Southern California.

Goldrich & Kest.  Represented this real estate investment and development company in several multimillion dollar financings and refinancings, as well as assumptions of securitized loans.  Also represented the company in the defeasance of several securitized loans.

Karla N. MacCary
Karla N. MacCary

Practices

Education

J.D., University of California, Los Angeles School of Law, 1990

B.A., University of California, Berkeley, 1987, with highest honors, Phi Beta Kappa

Admissions

California

Professional Affiliations

American Bar Association, Member of Real Property Section

California State and Los Angeles County Bar Association, Member of Real Estate Sections

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