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Alemán, Cordero, Galindo & Lee’s real estate practice receives a steady flow of instructions from financial institutions and real estate developers in connection with both transactional and financing matters. The department is jointly led by Lorenzo Marquínez, Eloy Alfaro and the highly-regarded Anibal Galindo. Recent highlights include advising Banistmo on the $67m financing for the construction and development of Pacific Point Torre 400 residential project in Punta Pacifica; assisting Banco General with financing matters related to the construction and development of residential project ‘The Crescent’ in Santa Maria Country Club; and representing London & Regional in all aspects of the master development of the Panama Pacifico Special Economic Area. Banking and finance expert Arturo Gerbaud is also very active in the sector. Other clients include Grupo Verdeazul, Ideal Living and BAC International Bank.

Led by María Arroyo, the real estate and property practice at Arias, Fábrega & Fábrega advises construction companies, developers, estate owners and operators on a wide array of sector-related services, including environmental matters, construction, tax and regulatory law, transactions and joint ventures. In one recent highlight, the team advised SQF Group on the stock issuance agreement related to a $12m investment by a group of investors including Estructuras Inmobiliarias. Senior associate Vivian Holness is another key figure in the department. Other representative clients include Arcos Dorados, Banco General, Chevron and Marriott Hotels.

Galindo, Arias & López’ real estate practice is active across the entire array of sector-related work, including regulatory, commercial and corporate matters, project development, the establishment of REITs, zoning, and environmental and tax law. Recent notable highlights include advising Inmobiliaria San Fernando on lease agreements related to its Metro Park development; assisting Inmobiliaria P&P with land acquisition and the development of an upscale residential project; and advising Grupo Amarilo on the development of several horizontal property projects, including Aviñon Towers, PH Sierra Club Residential and PH La Campiña Club Residential. The department is led by of counsel Salomón Behar and Lizbeth Villarreal is also well regarded. Other clients include Grupo Attie and Conservatorio.

Fabrega Molino’s real estate practice is led by José Augustín Preciado, who handles sector-related M&A deals, corporate governance, due diligence and compliance matters. The team advises businesses, individuals, investors and lenders on land acquisitions, credit facilities, commercial, residential and mixed-use developments, as well as zoning and the obtaining of permits.

Elizabeth Heurtematte heads the real estate practice at Latamlex / Lopez, Villanueva & Heurtematte and which primarily advises developers on real estate and construction law, licensing, environmental matters and zoning. Heurtematte recently led advice to Hato Montaña on co-ownership regulations of its 300 HAS project in Panama City; in other work the team assisted Subway Panama with all legal matters, including tax planning, acquisitions and lease agreements related to the company’s 100-plus locations across the country. Associate Omayra Silva is also active in the department. Patricia Villanueva left the firm in December 2017.

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