NIIT (USA)

Client Gets Foothold In Canada

How AGG helped establish real estate training at large college

Challenge


NIIT Limited, parent of client NIIT (USA), offers multi-disciplinary learning management and training delivery solutions to institutions, individuals, and corporations in more than 40 countries. NIIT won a request for proposal to design, develop, administer and deliver a new real estate broker education program for the Real Estate Council of Ontario (RECO), which has been delegated by the Ontario government to register and regulate real estate brokerages, brokers and salespersons in the province. NIIT called on longtime counsel Arnall Golden Gregory to assist with the legal aspects of the transaction. Arnall Golden Gregory has represented NIIT (USA) since its formation more than a quarter century ago. More

Development Authority of Fulton County

Payments Company Updates HQ

How AGG managed public-finance aspect of deal creating more jobs

Challenge


Global Payments Inc. (NYSE: GPN) is a leading worldwide provider of payment technology services and a Fortune 1000 company. After acquiring Princeton, N.J.-based Heartland Payment Systems Inc. for $4.3 billion, Global Payments sought to consolidate its headquarters in metro Atlanta, moving the executive offices from a suburban location to a new tower in Atlanta’s Buckhead neighborhood. At the same time, the company planned to expand its Sandy Springs office location and renovate its data centers in Fulton County. Approximately 350 jobs would be added. Global Payments sought financing help from Arnall Golden Gregory client the Development Authority of Fulton County. More

Dewberry Capital

Landlord Wins Dispute

How aggressive strategy in arbitration defeats overbilling allegations

Challenge

Dewberry Capital is one of the largest owners of Peachtree Street real estate in Atlanta. Georgia’s Own Credit Union (GOCU), a tenant at Dewberry’s 20-story Campanile building in Midtown Atlanta, sued Dewberry, accusing it of fraud and overbilling it for its share of operating expenses at Campanile. The suit followed a lease audit performed by Cushman & Wakefield for GOCU, which concluded that Dewberry had overbilled GOCU for more than $1 million a year for three years by using improper methods for calculating GOCU’s share of operating expenses, primarily ad valorem real estate taxes. Campanile benefits from a development authority tax abatement that lowers its tax payment. Campanile also is not fully occupied. More

Becker Ventures

Hard Rock Gives Way To St. Jane

How refinancing helps client reposition hotel in historic Chicago building

Challenge


Becker Ventures, LLC, a Michigan-based venture capital firm, wanted to renovate, rebrand and reposition one of its prominent properties, Chicago’s Hard Rock Hotel, located in the Carbide & Carbon Building, a 40-story Art Deco landmark. The neighborhood is resurgent with several competing upscale hotels already operating or planned. After renovation, the client’s property will reopen as the St. Jane Chicago Hotel, named after Jane Addams, the Chicago social worker and civil rights leader who operated the Hull House settlement house. Becker Ventures sought Arnall Golden Gregory’s assistance in securing a $74.85 million refinancing to fund the work and to assist with certain aspects of the rebranding. More

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