Paul V. Downey practices in the Real Estate section of the Dallas office.
Having practiced law for 40 years, Paul’s transactional and client-counseling experience is broad-based and multifaceted. Previously as a shareholder in one of the largest firms in Texas, Paul engaged in a wide variety of real estate related transactions, including development, leasing, financing, sales and acquisitions. That was followed by over eight years of operating his own law practice, during which time Paul was able to broaden the diversity of his business experience to include non-real estate related business transactions, technology start-ups, and litigation, while continuing to represent clients in real estate-related matters. Since joining KRCL in 2012, Paul has continued his primary focus on real estate development, leasing, acquisitions, sales, and finance.
The Real Estate section at KRCL has one of the largest, most well-known and widely respected commercial real estate practices in Texas with a substantial team of attorneys in Dallas and Houston who represent owners, developers, investors and lenders in sophisticated and innovative real estate transactions including acquisitions and dispositions, development and construction, leasing, lending and finance, partnerships, joint ventures and funds, land use and entitlements, environmental, insurance and ancillary services.
The team of commercial real estate attorneys at the firm has handled some of the most significant deals in the market, and are recognized regularly by the Dallas Business Journal for their role in the most notable real estate transactions each year. Members of the Commercial Real Estate Section have been rated by Chambers and Partners USA in recognition of the strength and excellence of the KRCL real estate practice. Nearly a quarter of the firm’s attorneys work in the Real Estate section, supporting clients in a wide array of deals, transactions and matters.
Credentials
Bar Admissions
- State Bar of Texas (1984)
Education
-
University of South Carolina, J.D., 1984
- Phi Delta Phi
- University of Pennsylvania, B.A., 1981
Experience
Borrower/Owner/Developer/Investor Representation
- acquisition and sale of office buildings, shopping centers, manufacturing facilities, apartment projects and other income-producing properties, as well as raw land
- development of shopping centers, apartment projects, residential townhomes and commercial properties
- representation of both landlords and tenants as to retail shopping center, office building and industrial warehouse leases
- property management, leasing and landlord/tenant disputes
- platting, zoning and land use issues
- commercial and residential condominium formation and representation
- entity formation - corporations, LLCs and limited partnerships
- borrower's counsel in connection with all variety of real estate-secured loans, including CMBS/conduit loans
- negotiation of acquisition, construction and permanent financing
- private and institutional investor representation
- issuance of mortgage lending opinions
- resolution of boundary disputes
- POA collection and enforcement matters
- broker listing and fee agreements
- asset purchase and sales
Lender Representation
- presentation of national and state banks and other lenders in all types of real estate-secured lending
- representation of national and state banks and other lenders in all types of real estate-secured lending
- mezzanine lending and structured finance
- loan negotiations, workouts and restructures
- syndicated debt restructures
- deed in lieu and asset transfer transactions in satisfaction of debt
- foreclosures and other lender remedies
- management and sales of REO
- loan portfolio review and analysis
- regulatory compliance
- loan acquisitions and sales
- Texas usury law analysis and compliance
Associations
- American Bar Association
- Dallas Bar Association
Community
- Lakewood Child Development Center, Inc., former President and Board of Directors
- A.R.T.S. for People, Inc., former Member and Board of Directors