Richard L. Moskitis

Retired Partner

Overview

Richard L. Moskitis is a retired partner with Foley & Lardner LLP. He has over 30 years of experience in a broad range of business and real estate matters, including the formation of opportunity funds and investment entities, purchases, sales, exchanges, joint ventures, financing, commercial leasing, development, construction, brokerage and property management. Mr. Moskitis was a member of the firm's Real Estate Practice and lead the firm's focus on Public Private Partnerships.

Mr. Moskitis was responsible for hundreds of real estate acquisitions, dispositions and developments throughout the United States. He worked on properties being developed for solar energy farm projects as well as oil field co-generation facilities and related easements. Mr. Moskitis was responsible for the real estate aspects of public private partnership projects involving billions of dollars of developments across the United States.

Representative Experience

  • Served as underwriter’s real estate counsel in connection with issuance of $1.2B in military housing revenue bonds secured by leasehold mortgages on multiple locations in California
  • Represented the buyer of a portfolio of 20 office buildings including assumption of multiple insurance company loans
  • Represented the owner of 3075 acres of land in the Mojave Desert under option to be used as mitigation land for a solar energy project

Recognition

Mr. Moskitis has been Peer Review Rated as AV® Preeminent™, the highest performance rating in Martindale-Hubbell's peer review rating system.

Education

Mr. Moskitis is a graduate of the University of Southern California Law Center, where he was an editor of the Southern California Law Review, elected to the Order of the Coif, and graduated first in his class. He received his undergraduate degree from Stanford University.

Admissions

Mr. Moskitis is a member of the California Bar.

Representative Matters

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Represented Hall Equities Group (HEG) in connection with the acquisition of 29 hotels and the corporate assets of ZMC Hotels, which employs more than 1,000 people. The aggregate purchase price was approximately $225,226,000. ZMC Hotels owns and operates both private label boutique hotels, as well as those licensed by many prominent brands, including Hilton, Marriott, IHG, Wyndham, and others. Hotels are disbursed across the country from Duluth, Minnesota, to Phoenix, Arizona, to Sebring, Florida, and many locations in between. Five hotels are clustered in Scottsdale, Arizona. All of the hotels, along with other select quality properties, were master leased to and are being managed by Zenith Asset Company, an affiliate of HEG. Equity financing for the transaction was derived from a variety of sources, including the sale of three quality properties by the Hall Equities Group sponsored investment groups, cash on hand, and the refinancing of two multi-family apartment buildings. As part of the equity raise, one of HEG's investment groups sold a shopping center to Excel Trust, Inc. This shopping center was originally developed by HEG and owned since 2000. The aggregate purchase price was approximately $131,000,000. This super-regional center is known as Monte Vista Crossings and is located in Turlock, California. Monte Vista Crossings is one of the largest open-air regional shopping centers in the western United States, and is home to national retailers such as Home Depot, Target, Kohl’s, Lowe’s, Safeway, Dick’s Sporting Goods, Ross Dress for Less, Bed Bath & Beyond, T.J. Maxx, Old Navy, Office Max, Petco, In-Shape Fitness, Gap, Pier One Imports, and more than fifty additional well known shops and restaurants. The seller retained HEG to handle the ongoing leasing and construction of the next phase of Monte Vista Crossings. Another HEG sponsored investment group sold a luxury apartment project in downtown Walnut Creek, California. This six-story, 100-unit Class “A” building of concrete construction is known as The Arroyo. The project was sold to a major US-based Life Insurance Company, which has retained HEG as both the General Contractor to complete construction of the project, and as the Property Manager for the project going forward. An additional HEG sponsored investment group sold the 41,000 square foot 2890 North Main Street office building in Walnut Creek. Proceeds from all three sales were used by the investor groups to generate equity capital for the hotel portfolio acquisition. The balance of the proceeds were derived from an acquisition loan from Bank of America.
Sale of option on 3,075 acres of Mojave Desert for solar energy project.
Purchase of 230 unit apartment project out of a receivership for $30 million.