Coblentz leads TMG Partners and Northwood Investors in bankruptcy court Transbay acquisition
Gregg Ficks led TMG Partners and Northwood Investors through a complicated bankruptcy court acquisition of some of San Francisco’s most sought-after real estate—seven parcels at First and Mission Streets, kitty-corner to the Transbay Terminal. The land was locked-up in a morass of bankruptcy court and state court litigation between other parties, which Gregg creatively broke-through to enable TMG/Northwood to acquire this massive project on which it will develop two towers with 2,000,000 square feet of office, retail and residential improvements. Coblentz’s land use team of Harry O’Brien, Caroline Guibert and Rob Hodil also assisted with the due diligence on acquisition. The deal size is over $100 million, a monumental project and deal for renowned developer TMG Partners, and for Northwood Investors.