Alert 03.22.24
Commercial Real Estate Partnership Cancellation of Debt Income
The complexities of cancellation of debt income (CODI), including bankruptcy and insolvency implications, are important to understand.
Clients say David is ‘very talented – as good a transactional real estate lawyer as there is in Northern Virginia.’
David Miller has closed billions of dollars in public-private partnerships, financings and other complex transactions for U.S. and international clients.
David has decades of experience in public-private partnerships involving office buildings, high-rise biomedical laboratory facilities, military housing developments, transportation and telecommunications facilities and large mixed-use real estate developments. Supervising interdisciplinary teams of Pillsbury lawyers, he represents government entities, private enterprises and international investors in financings, public debt offerings, redevelopment projects, joint ventures and the purchase, sale and lease of U.S. properties. Several of his transactions have received “Deal of the Year” awards from industry publications and organizations.
Representative Experience
- Represent Hoffman-Madison Waterfront, a public-private partnership to develop The Wharf, a $2 billion, 3.2 million-square-foot mixed-use waterfront project along the Washington Channel of the Potomac River in Southwest Washington, DC.
- Represent United Kingdom-based life insurance companies in decades of investments in diverse portfolios of real estate in markets throughout the United States.
- Represent Graham Holdings in real estate acquisitions, dispositions and leases, including the sale of the former headquarters of The Washington Post in Washington, DC.
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- Represent appropriated fund and non-appropriated fund agencies and instrumentalities of the U.S. government, including the General Services Administration, the U.S. Army and the U.S. Postal Service.
- Represent, in one transaction, clients that purchased 270 commercial real estate properties in 47 states.
- Represent international clients investing in U.S. real estate using vehicles, including direct ownership through wholly owned U.S. subsidiaries and investments in individual partnerships or negotiated private equity funds.
- Represent sponsors, including sponsors of U.S. private equity funds, in developing, managing and investing in real estate.
Professional Highlights
- Recognized by Chambers USA, Real Estate – Northern Virginia (2007 – 2021), Best Lawyers (published by BL Rankings LLC), Real Estate Law (2006 – 2024) and The Legal 500 U.S., Real Estate Transactions & Finance (2007, 2015, 2017).
- Fellow, American College of Real Estate Lawyers, former chair of its Attorneys Opinions Committee, former chair of the American Bar Association Committee on Legal Opinions in Real Estate Transactions and former vice-chair of the Steering Committee of the District of Columbia Bar Real Estate, Housing and Land Use Section.
- Former member of the board of directors of the Appleseed Foundation, a nonprofit network of public interest justice centers, and The Langley School in McLean, Virginia.
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Associations
- NAIOP (formerly National Association of Industrial and Office Properties)
- Urban Land Institute
Education
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J.D., University of Michigan Law School, 1979
magna cum laude, Order of the CoifB.A., The George Washington University, 1976
with distinction, Phi Beta Kappa
Admissions
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District of Columbia
Virginia