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Mike Morell

Mike Morell

Real Estate & Commercial Finance Attorney
[email protected]
210-424-4523

EDUCATION

  • The University of Texas School of Law, J.D., with Honors, Order of the Coif, 1987
  • University of Texas (Austin), B.S. (Mechanical Engineering), 1983

LICENSES, AWARDS & INVOLVEMENTS

  • Admitted to Practice Law in Texas, 1987
  • Board Certified in Real Estate Law by the Texas Board of Legal Specialization
  • Texas Bar Association
  • San Antonio Bar Association
  • Texas Board of Legal Specialization Exam Commission – Former Exam Commissioner, Commercial Real Estate Law
  • Alamo Heights Independent School District – Former President

Mike’s real estate practice focuses on representing developers, investors, end-users, financial institutions, municipalities, real estate investment trusts, and tenants-in-common (TIC) arrangement sponsors, and Mike’s commercial finance practice focuses on representing companies in their commercial credit facilities.

Mike has over 30 years of experience representing clients on real estate projects involving development and construction, acquisition and sale of operating properties, leasing, and farm and ranch property. Mike represents clients in all phases of real estate development, including structuring and forming development entities, tract assemblage and acquisition, financing, infrastructure development, subdivision platting, implementation of protective covenant regimes, co-development with adjoining projects, lot and out-parcel sales, and project construction. He also represents clients in acquiring and selling a variety of types of properties (both investment and end-user properties), including multi-family projects, industrial properties, office buildings, retail centers, and farm and ranch properties, as well as representing landlords and tenants in office, industrial, retail leases and ground leases. In the area of commercial finance, Mike has represented a variety of companies in negotiating and establishing commercial credit facilities, and in negotiating the terms of corporate commercial paper, note, and bond offerings.

AREAS OF FOCUS

  • Commercial Lending Transactions
  • Commercial Sales & Leasing
  • Farm & Ranch Acquisitions / Dispositions
  • Real Estate & Finance

EXPERIENCE HIGHLIGHTS

Real Estate Development

  • Assemblage, acquisition and initial phases of infrastructure development (roads, utilities, rail spurs, etc.) of over 2,600 acres in San Antonio, Texas, for development of vehicle manufacturing facility.
  • Multi-phased development of over 400 acres of industrial subdivisions in Laredo, Texas.
  • Development of over 600 acres in Laredo, Texas as multi-phased, mixed-use project (residential, retail, schools, and parks).
  • Acquisition of 120 acres in San Antonio, Texas, for development of mixed-use project (hotel, multifamily, office, and retail).
  • Acquisition and development of 150 acres in San Antonio, Texas, area for development of mixed-use project (residential, multifamily, office, and retail).
  • Development of 1800-acre tract in San Antonio as mixed-use project (residential, multifamily, university student housing, office, and retail).
  • Development of 100,000 square foot rodeo, night-club, and live concert entertainment complex in San Antonio, Texas.
  • Represented “big box” retailer as co-developer, anchor tenant and lender in the development of an 85,000-square-foot retail shopping center in McAllen, Texas.
  • Development of 20 acres in north San Antonio as mixed-use project (restaurant, hotel, and retail).
  • Development of 200-room all-suites hospitality facility in San Antonio, Texas.
  • Construction of “on-site” logistics and sequencing center for components supplier at Toyota plant in San Antonio, Texas.
  • Development of infill retail shopping center in San Antonio, Texas.
  • Negotiation of land development and lot take-down program with national home builder in multi-phase residential development in Laredo, Texas.
  • Completion of development of over 5,000 acres of rural residential subdivisions acquired through foreclosure.
  • Assemblage, acquisition and development of a five-acre, urban, mixed-use project (grocery, retail, and office) near downtown Dallas, Texas.
  • Acquisition and development of 36 acres as a residential subdivision within the Dominion gated community in San Antonio, Texas.
  • Acquisition and development of 15 acres in Houston, Texas as a 352-unit apartment project.

Acquisition & Sale of Operating Properties

  • Acquisition of a 34,000 square-foot mixed-use (restaurant, retail, and residential) building on the San Antonio Riverwalk.
  • Simultaneous acquisition of six shopping center, office/warehouse, and multi-family properties in Texas and Florida.
  • Acquisition program covering three multi-family projects, with a total of over 160 apartment units.
  • Purchase of headquarters building for publicly-traded energy company in San Antonio, Texas.
  • Sale of golf course operation in San Antonio, Texas.
  • Acquisition of 80,000 square-foot warehouse facility in McAllen, Texas.
  • Sale of a school campus complex in San Antonio to a community college district.
  • Sale of large feedlot and meat packing operation in Eagle Pass, Texas.
  • Sale of 20,000 square-foot building in downtown San Antonio, Texas.
  • Sale of a low-rise office building in San Antonio, Texas.
  • Sale of 200-room hotel property in San Antonio, Texas.
  • Representation in sale of 14,000 square-foot restaurant building in Dallas, Texas.

Commercial Sales & Leasing

  • Represented tenant in office lease covering over 100,000 square feet in a central business district building in San Antonio, Texas.
  • Represented tenant in 10,000 square-foot “build-to-suit” restaurant lease for stand-alone restaurant building in a mixed-use development.
  • Represented tenant in ground lease for “on-site” logistics and sequencing center for components supplier at Toyota assembly plant in San Antonio, Texas.
  • Represented landlord in industrial lease program covering numerous buildings in industrial developments along the Texas/Mexico border.
  • Represented tenant in office lease covering over 110,000 square feet in a central business district building in San Antonio, Texas.
  • Represented landlord in restaurant lease covering a 12,000 square-foot, single-tenant building in San Antonio, Texas.
  • Represented tenant in 12,000 square-foot industrial lease covering office/warehouse space in Novi, Michigan.
  • Represented landlord in 6,800 square-foot medical office lease.

Farm and Ranch Acquisitions / Dispositions

  • Acquisition of an 18,700-acre ranch in Presidio County near Marfa, Texas.
  • Sale of 235-acre ranch in Medina County near San Antonio, Texas.
  • Acquisition of 320-acre ranch in Bexar County south of San Antonio, Texas.
  • Acquisition of 1180 acre ranch in Uvalde County, Texas.
  • Acquisition of 350-acre ranch in Archer County, Texas.
  • Sale of 1,000-acre ranch in Bee County, Texas.
  • Acquisition of 1,770 acres ranch in San Patricio County, Texas.

Bank Credit Facilities

  • Represented medical equipment manufacturer in $400 million secured syndicated bank credit facility, including revolving credit facility, and acquisition of credit facility and term loan credit facility.
  • Represented oil and gas drilling company in $47 million secured syndicated bank credit facility.
  • Represented energy company in $40 million secured syndicated bank credit facility, including revolving credit facility and term loan credit facility.
  • Represented medical equipment manufacturer in $500 million secured syndicated bank credit facility.
  • Represented financial institution in $50 million revolving credit facility secured by retail loan portfolio.
  • Represented medical equipment manufacturer in $30 million secured syndicated bank “add-on” credit facility, including revolving credit facility and term loan credit facility.
  • Represented marketing company in $125 million unsecured syndicated bank credit facility.

Bond, Note & Commercial Paper Offerings

  • Represented medical equipment manufacturer in $205 million high-yield bond offering.
  • Represented energy company in $215 million high-yield Senior Notes offering.
  • Represented automotive manufacturer in establishment of $100 million Commercial Paper/Medium Term Note Program.
  • Represented medical equipment manufacturer in $200 million high-yield Senior Subordinated Notes offering.
  • Represented energy company in $60 million high-yield Senior Notes offering.
  • Represented communication company in $6 million Convertible Secured Subordinated Notes offering.
  • Represented financial services company in establishment of $50 million Euro Commercial Paper/Euro Medium Term Note Program.
  • Represented energy company in $63.5 million of high-yield Senior Secured Notes.
  • Represented energy company in $196.8 million of high-yield Senior Secured Notes.
  • Represented retail grocer in $10 million of Senior Subordinated Notes.
  • Represented petrochemical company in establishment of $250 million Commercial Paper/Medium Term Note Program.
  • Represented energy company in exchange of $191 million of high-yield Second Lien Secured Notes for cash, equity securities and $109 million of new high-yield Second Lien Secured Notes.

Experienced counsel & exceptional service