Any real estate deal worth negotiating is worth closing, and Saul Breskal, a Partner in Glaser Weil’s Real Estate Department, knows it takes more than just extensive knowledge and practice of the law to bring all sides together. Mr. Breskal has noted accomplishments in negotiating and finessing everything from complex, high-dollar entertainment, gaming, hospitality and construction projects to smaller commercial and residential properties. His success comes from the realization that developers require an advocate who listens to the needs of everyone involved and who can think creatively and strategically to bring about a mutually satisfying deal.
Mr. Breskal takes on the role of outside general counsel for his clients as he handles all aspects of the real estate transaction, including negotiating the purchase agreement, conducting due diligence, negotiating finance documents, advising on the formation of the entity to take title, negotiating joint ventures with potential partners and counseling on the corporate tax structure of the transaction. He oversees the escrow process and, ultimately, its close — but is often called upon to continue providing counsel for the client's general legal needs.
Mr. Breskal has also worked on billions of dollars worth of transactions for clients that include film studios, publicly traded gaming and hospitality companies, the nation’s largest title insurance company, regional and national developers of residential and commercial real properties and celebrity and high-net worth individuals. He represents them in a diverse array of real estate and general business needs.
Mr. Breskal was lead counsel responsible for negotiating and drafting more than 100 challenging construction and design-related contracts, totaling more than $6 billion, for the country’s largest privately funded construction project — Las Vegas CityCenter — and was integrally involved in the project from its inception in 2005.
Mr. Breskal received his bachelor’s degree in business science, with honors, from the University of Cape Town, South Africa, and his law degree from the University of Oxford, United Kingdom.
The Daily Journal, one of California’s top legal publications, ranked Mr. Breskal among “The Top 20 Under 40” attorneys in Southern California in 2010. He has also been named to the 2017 and 2018 Southern California Super Lawyers lists.
Real Estate Acquisitions and Sales
Represented MGM MIRAGE in connection with transactions for the purchase of vacant land on the Las Vegas Strip for an aggregate purchase price of $575 million.
Represented a private equity firm in connection with the sale of an independent film studio.
Represent developers in connection with the acquisition and development of golf and ski resort communities in multiple states.
Represent private developer firm in connection with the acquisition, finance and sale of office buildings in California and Arizona.
Represented Sunset Gower Studios in connection with the negotiation and drafting of a 115,000 square ft. build-to-suit lease for an office building to be constructed on the studio lot.
Represented the owners of a privately owned film studio in connection with selling the studio to a real estate investment trust and in reinvesting the proceeds from the sale in commercial properties through Section 1031 tax deferred exchanges.
Represented publically traded hospitality company in connection with the restructuring of a $1.8 billion credit facility.
Represented the nation’s largest title insurance company in connection to the settlement or workout of major claims in several states across the country.
Successfully concluded the largest charitable land donation under the California Natural Heritage Preservation Tax Credit Act of 2000.
Represent multiple high net worth individuals and celebrities in connection with personal matters including their respective investments in California real property.
Represented Vistamar School in El Segundo, Calif., in connection to the purchase of land for the expansion of the school premises.
Represented Crossroads School in Santa Monica, Calif., in connection with the purchase of real property for the expansion of the school premises.
Lead counsel responsible for negotiating and drafting more than 100 challenging construction and design-related contracts, totaling more than $6 billion, for the country’s largest privately funded construction project — Las Vegas CityCenter. Integrally involved in the project since its inception in 2005.
Lead counsel representing Sunset Gower Studios in matters related to the construction of Hollywood’s first new office building in more than two decades, including negotiating leasing and construction contracts, and supervising the entitlement process, encompassing the negotiation of settlements with neighboring landowners and community interest groups.
Represented MGM MIRAGE in connection with negotiating and drafting construction contracts for a casino resort in Macau, China.
Represented the Skirball Cultural Center in connection with negotiating and drafting a construction contract for the expansion of its existing facility.
Representing developer in connection with the construction of a private resort in The Bahamas.
Represent multiple high net worth individuals and celebrities in connection with the construction of improvements on residential real property.