Karl Marschel practices in the areas of real estate development including acquisition, development and disposition of commercial and industrial properties, as well as public-private partnership matters including the financing of infrastructure and special district financings, tax increment and other redevelopment financing, economic development incentives and incentives for large and small businesses, such as employee training and job creation tax credits and other benefits.  Mr. Marschel is experienced with representing both private and public entities throughout the United States seeking to promote the development of properties and other business opportunities and has acted as bond, underwriter’s or special counsel in bond and other financings related thereto.  He also has experience with all stages of the real estate development process including negotiating purchase and sale agreements, loan documents and performing real estate due diligence.

Select Representations

• Represented the purchaser in a $21 million purchase of a historic theatre in downtown Chicago, Illinois.
• Represented a developer in Chicago, Illinois in connection with its development of residential condominium and mixed-use developments throughout the city.
• Local counsel to a major international bank in connection with its $135 million acquisition of a district energy company in Chicago, Illinois.
• Served as bond counsel and special counsel to a suburban community the Chicago metropolitan area in connection with special service area financings to fund public improvements associated with the development of over 1,000 homes and related infrastructure improvements.
• Tax increment financing and project counsel to municipality in upstate Illinois in connection with their redevelopment of a closed steel facility and other related industrial properties.
• Negotiating long term service agreements and other contracts for district energy company in Chicago, Illinois.

Bar and Court Admissions

Illinois, 2003

Education

Washington University, J.D., 2003

University of Missouri-Columbia, B.A., 2000

Publications

• “Recharacterization Revisited:  A View of Recharacterization of Sale and Leaseback Transactions After Fifteen Years,” Real Property Probate and Trust Journal, Spring 2006 (Co-author)
• “Sale and Leaseback Transactions” Chapter Five, Commercial Leasing, Illinois Institute for Continuing Legal Education (IICLE), 2007 (Co-author).
• “It’s a Property Issue:  The Proper Treatment of Contingent Fees Under the Federal Tax Code, 11,” Washington University Journal of Law & Policy, 323 (2003).

Speeches and Seminars

• “Recharacterization in Sale and Leaseback Transactions,” Fall 2006 American Bar Association Continuing Legal Education Meeting, October 20, 2006

Professional Affiliations

• Chicago Bar Association
• American Bar Association – Real Property Probate and Trust Division