Lichtenfels, Blair E.

Negotiates and closes complex development transactions. Assesses risk to efficiently and cost effectively achieve maximum results. Skilled at creating positive relationships between public stakeholders and private real estate developers.

A real estate attorney focused on achieving her client’s business objectives, Blair Lichtenfels advises prominent developers and equity investors in connection with urban infill, brownfield, master planned, mixed use and transit-oriented developments. Blair’s reputation for closing transactions and cementing relationships among stakeholders coupled with shrewd negotiating skills and a collaborative approach results in achieving her clients’ development goals in Colorado’s urban centers and rural counties. 

With a track-record of navigating Colorado’s expanding industrial real estate market, Blair handles the entitlement, acquisition, development and sale of industrial assets throughout the state. She also focuses on multifamily and mixed-use development, providing counsel on community outreach and strategic guidance on public-private partnerships, as well as advice related to entitlement review and acquisition/disposition.

Blair understands the vital role public-private partnerships play in complex commercial developments and has negotiated with various urban renewal authorities in Colorado for tax increment and other sources of public financing. She brings extensive experience navigating Title 32 metropolitan district matters and structuring and negotiating Public Improvement Fee (PIF) Covenants, allowing her clients to successfully understand risks, liabilities and opportunities associated with public financing mechanisms. She collaborates with municipalities to secure clients’ desired entitlements, all with an eye toward minimizing risk, duration and cost. 

Representative Matters
  • Represented Mill Creek Residential Trust in connection with the acquisition and development of several multi-family projects in Denver, Colorado. Properties are located in central Denver, RINO, LoHi, DU and Capitol Hill areas.

  • Represented White Lodging Services in connection with the site acquisition, entitlement, design review and construction financing for a new build Hyatt House/Hyatt Place and a new build AC/Le Meriden in downtown Denver, Colorado.

  • The firm is representing ZBlock Holdings LLC in negotiating the financing, the joint venture and the condominium and construction documents, as well as numerous management and property-related agreements, in the redevelopment of an entire city block in lower downtown Denver known as Dairy Block. The project includes Dairy Block, a 6 story, mixed use project with 260,000 square feet of office space, ground floor retail and 170 hotel rooms. The deal required two separate financing/lending deals.

  • Representing Continuum Partners in the redevelopment of the former University of Colorado Health Sciences Center 9th and Colorado campus, which will include a horizontal and vertical mix of uses, including residential, office, retail, restaurant, hotel and public space. The firm negotiated the acquisition of the former University of Colorado Health Sciences Center at 9th and Colorado in Denver, which included completing all physical and legal due diligence for the site, providing advice with respect to Continuum’s administrative amendment for the GDP encumbering the property, and negotiating with the Denver Urban Renewal Authority for $47.9 million in TIF funds. We continue to oversee all legal work at the 30 acre project, including the development of both the retail and residential components of the site.

  • Advised Dividend Capital Diversified Property Fund and Industrial Property Trust, REITs with industrial and commercial portfolios of properties located in multiple states, on several acquisition and disposition transactions, including negotiation of purchase and sale agreements, forward purchase built to suit transactions, diligence efforts to identify and mitigate potential risks, and overseeing the closing of such transactions.

  • Counsel to Bachelor Gulf Properties LLC and its affiliates in connection with the recapitalization, condo and hotel loan modifications and Ritz Carlton agreements modifications for the Ritz Carlton Bachelor Gulch in Beaver Creek, Colorado.

  • Served as land use counsel to the City of Mesa, Arizona regarding the development agreement with First Solar, Inc. Brownstein provided counsel on agreement concerning the redevelopment of up to 263 acres for photovoltaic solar manufacturing facilities.

  • Represented a private equity investment firm in its initial platform acquisition of a leading provider of innovative repairs and advanced coatings for the aerospace, industrial gas turbine and oil and gas industries from a private equity fund.

  • Represented a publicly-traded, Denver-based real estate investment trust in the negotiation, sale and closing of more than $163 million in sales of 18 apartment complexes located across the United States.

  • Assisted Slaterpaull Architects in acquiring historic real property from the City & County of Denver and with related environmental and rehabilitation tax credit matters.

  • Counsel to a junior mortgage lender in the $15.5 million acquisition of a senior lender's distressed debt for Lumiere Telluride Hotel, followed by the completion of a deed-in-lieu transaction.

  • Represented a publicly-traded, Denver-based real estate investment trust in the negotiation, sale and closing of more than $208 million in sales of 13 apartment complexes located across the United States.

  • Represented a major university in negotiations involving land use and real estate matters for a casino and hotel development.

  • Represented a publicly-traded, Denver-based real estate investment trust in the negotiation, sale and closing of more than $433 million in sales involving 33 apartment complexes located across the United States.

News & Events
Community

Founding Member and Co-Chair, KIPP: Colorado Schools Advisory Board

Former Board Member, Denver Center for Arts & Technology

Former Member, Young Guns Committee, Coors Western Art Exhibit and Sale (NWSS)

Former Board Member, Emily Griffith Foundation

Publications & Presentations
Education
  • J.D., 2007, University of Denver Sturm College of Law, Order of St. Ives
  • B.A., 1998, magna cum laude, Colgate University
Admissions
  • Colorado, 2007
Recognition

5280 Top Lawyers, Real Estate, 2021

Colorado Super Lawyers, Rising Stars, 2016-2017

Law Week Colorado, Up and Coming Lawyers, 2011

General Editor, University of Denver Law Review

President, University of Denver Construction and Real Estate Society

Membership

American Bar Association

Colorado Bar Association

Colorado Women's Bar Association

Denver Bar Association

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