Ms. Banas assists clients in the real estate, manufacturing, hospitality, health care, energy, retail, professional service and other industries in corporate and real estate matters. Her areas of concentration include commercial real estate development; national retailer leases; affordable multifamily rental properties and senior housing communities; medical office development and leasing; condominium and mixed use projects; and restaurant acquisitions. She has closed over $1.0B of real estate acquisition and development transactions, including transactions for the rehabilitation of historic and obsolete properties in older urban communities.
In addition, she has closed over $1.2B of mortgage loans and mezzanine financing on behalf of borrowers, including HUD insured and Fannie Mae mortgage funding of multifamily rental communities.
Ms. Banas assists investors (including offshore investors) in the purchase of net leased single-tenant retail properties throughout the US.
She also negotiates and drafts office and retail leases on behalf of landlords, including negotiating leases with national retailers such as Whole Foods, Michaels, and Petsmart.
She also helps manufacturers and other corporate clients negotiate leases and build out arrangements for headquarters and regional offices, and to dispose of warehouse and other properties.
Ms. Banas and her team assist clients in obtaining regulatory and land use approvals, arrange for tax incentives and credits, and negotiate the sale of historic and LIHTC credits to investors.
Her firm frequently provides commercial real estate legal services and local counsel services to out of state and offshore lawfirms and businesses.
Recently, Ms. Banas and her team have begun to assist municipalities in real estate related matters, including the disposition of municipal property for development purposes, including the negotiation of PUD and development agreements.
She also assists in the organization of LLCs and other business entities, and negotiates operating agreements and joint ventures. Many of her transactions include governmental and nonprofit participants, and complex tiered ownership structures.
Prior to joining her current firm in 2009, Ms. Banas was a partner at a large Midwestern firm for over 20 years.
She is currently assisting a client in the development, construction and leasing matters relating to a cutting edge medical and wellness facility in southeastern Michigan. Other recent transactions include acquisition and rehabilitation of several affordable rental housing properties with financing provided from a combination of state tax exempt bonds, HUD mortgage loans, and sale of LIHTC credits; acquisition and financing of a historic office property and restaurant operation; resolution of issues relating to an insurer's leased 120,000 sf office property in a building subject to foreclosure proceedings; development of the largest net metered wind turbine project in the Midwest; and Fannie Mae refinancing of an existing senior rental apartment property and development of phase 3 of the project.