Steve is an irreplaceable asset to some of the highest profile owners, managers, investors and financiers in the nation. He has negotiated and advised on hundreds of deals over the course of his career, including several high-profile, politically contentious multi-billion-dollar transactions in energy and renewable energy, telecommunications and real estate, and public-private partnerships. A former COO of a company he grew from 40—800 employees and ultimately sold to a Fortune 50 company, he understands what it takes to cultivate and sell a company. Insight few other attorneys can rival.
With nearly three decades of high-level involvement in policy efforts in Washington, D.C., Steve has orchestrated successful advocacy efforts at the state and federal levels. This includes a recent push to prevent passage of taxes targeting investment firms in states around the country. Steve draws on the relationships he has built over the years to help his clients accomplish their business goals.
Steve is passionate about giving back to the community on a local, national and international level. He serves as a national board member of the American Israel Public Affairs Committee and has been involved in pro-Israel activism and political engagement around the country for decades. Steve’s community leadership also includes, among many positions over the years, serving as a current member of the Board of Directors for National Jewish Health and being a founding member of the Colorado Cleantech Industry Association.
Counsel to Joy Drive Midland, LLC in connection with a $360 million equity investment by HPS Investment partners to pursue oil and gas investments in the Midland Basin.
Counsel to SC Venture Acquisition LLC, the manager of PA-SC Venture I LLC, in acquiring a majority/controlling interest in PA-SC West Palm Beach Project LLC, a distribution facility subject to a triple net lease, which is one of many add-on acquisitions for portfolio companies with similar purpose, by SC Venture Acquisition LLC.
Represented SC Venture Acquisition LLC, the manager of PA-SC Venture I LLC, in acquiring a majority/controlling interest in PA-SC West Palm Beach Project LLC, a distribution facility subject to a triple net lease, which is one of many add-on acquisitions for portfolio companies with similar purpose, by SC Venture Acquisition LLC.
Represented SC Venture Acquisition LLC, the manager of PA-SC Venture I LLC, in acquiring a majority/controlling interest in PA-SC Boulder Project LLC, a distribution facility subject to a triple net lease, which is one of many add-on acquisitions for portfolio companies with similar purpose, by SC Venture Acquisition LLC.
Represented Freeport LNG Investments, LLLP in connection with a loan in excess of $1 billion from IFM Global Infrastructure Fund and Highbridge Principal Strategies, secured by Freeport LNG Investments, LLLP's direct and indirect interests in Freeport LNG Development, L.P., an LNG import/export facility in Freeport, Texas.
Brownstein acted as outside general counsel for Freeport LNG Development, L.P. (Freeport LNG) and its subsidiaries in the funding of a multi-train natural gas liquefaction and export facility being constructed at Freeport LNG’s existing LNG regasification facility at Quintana Island near Freeport, Texas ("the Freeport Facility"). The funding took the form of a separate debt facility and joint venture for each of Train 1 and Train 2 of the Freeport Facility. The total committed debt and equity (including for contingencies and cost overruns) is in excess of US$11 billion. The financing was the largest fully non-recourse construction project financing in history.
Counsel to Mexico Retail Properties and MRP Group, LP in the largest ever real estate transaction in Mexico's history consisting of the sale of 49 commercial properties and the sale of MRP Group's property management platform for an aggregate purchase price of approximately $2 billion to FIBRA Uno, the first and largest real estate investment trust in Mexico.
Represented Lariat Partners, LP, a Denver-based private equity firm, in its acquisition and financing of a controlling interest in Subsea Global Solutions, LLC, an underwater ship repair, husbandry and maintenance company.
Represented the principals of an international real estate private equity fund in acquiring a controlling interest in the general partner of the fund.
Assisted Red Sky Resources in their fund formation and equity raise for an oil and gas fund pursuing investments in Oklahoma and Kansas.
Served as counsel to Renal Ventures Management, LLC on its $30 million private placement of debt and warrants with Goldman Sachs, and related redemption of stockholder equity. Renal Ventures Management is engaged in the business of providing intermittent or continuous renal replacement therapy, dialysis supply services, renal diagnostic testing and other health care services.
Counsel to a national liquor distribution company in its sale of membership units.
Represented Freeport LNG Investments, LLLP in the sale of significant economic interest in a liquefied natural gas receiving facility to international infrastructure funds.
Served as lead counsel for Freeport LNG Development, L.P. in the structuring, strategy and development of a liquefied natural gas (LNG) receiving and regasification facility in Texas. The firm acted as lead counsel in the structuring, negotiating and documenting of financing for the construction of the facility, development of a 7.5 billion cubic foot underground salt cavern gas storage facility, and expansion of the terminal, which included approximately $750 million in financing from ConocoPhillips Company and a $453 million private placement note issuance. Brownstein also oversaw the negotiation of long term terminal use agreements (TUA) with Dow Chemical Company and ConocoPhillips Company. The firm continues to serve as outside general corporate counsel to Freeport and its subsidiaries in all aspects of their businesses, including pursuing the redevelopment of the project into a liquefaction and export facility at a cost of $14 billion.
Represented Dividend Capital Total Advisors in developing a joint venture platform for fund formation. Brownstein also handled the employee equity incentive package and tax matters related to the transaction.
Provided strategic counsel to Bion Environmental Technologies, Inc. in establishing federal-level guidance for a nutrient trading program and in evaluating the possibility of a cellulosic-styled tax credit that would apply to Bion's process for producing cellulose-based renewable energy. Brownstein facilitated meetings with the U.S. Environmental Protection Agency (EPA), the Council on Environmental Quality (CEQ), key members of Congress and other strategic government officials to discuss the issue of basin-wide nutrient trading and energy production from Bion's integrated facilities.
Board of Directors, AIPAC
Board of Directors, National Jewish Health
Former, Board of Directors, Denver Health Foundation
Former, Board of Directors, Colorado "I Have a Dream" Foundation
Former, University of Colorado Medical School Dean’s Council of Advisors (Former Chair, Committee on Strategic Corporate/Industry Partnerships)
Former, University of Colorado Renewable and Sustainable Energy Institute Leaders Council
Former, Advisory Board Member, First Western Trust & Bank
Former, Advisory Board Member, Leader’s Challenge
Former Board Member, American Heart Association of Colorado and Wyoming
Former Board member and Chair of Philanthropy Center, Allied Jewish Federation of Colorado
Former Board Member, Colorado Special Olympics
Former Chair, AIPAC Colorado Council and Member, AIPAC National Executive Committee Board
Former Chair and Board Member, Kempe Children's Foundation
Former Co-Chair, UJC Jewish Leadership Forum – Aspen, CO
Have You Thought About ... Should Businesses Use UV Technology in Cleaning Protocols?
Brownstein Client Alert, May 18, 2020
Key Issues to Consider While Reopening or Partially ReopeningBrownstein Client Alert, May 7, 2020
Unique Attributes of Renewable Power Purchase AgreementsGreen Technology Law and Business 2010: Legislation, Financing, Carbon Trading and Sustainability Course Handbook, November 2009
Federal Assistance for Renewable Energy FinancingGreen Technology Law and Business 2010: Legislation, Financing, Carbon Trading and Sustainability Course Handbook, November 2009
Project Financing Renewable Energy ProjectsGreen Technology Law and Business 2010: Legislation, Financing, Carbon Trading and Sustainability Course Handbook, November 2009
Client Alert: Treasury Department Announces Public-Private Partnership Investment Program for Sale and Guaranties of Purchases of Legacy Loans and Legacy Securities
Brownstein Client Alert, April 1, 2009
5280 Top Lawyers, Mergers & Acquisitions, 2015-2017
Colorado Super Lawyers, 2012, 2018-2020
Law Week Colorado, Lawyer of the Year, 2013
"AV® Preeminent™" Martindale-Hubbell Peer Review Rating
American Bar Association
Colorado Bar Association
Denver Bar Association