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Kari L. Larson

Associate
+1.206.370.8024
Fax +1.206.623.7022
Kari Larson is an associate in the firm’s Seattle office. She focuses her practice on all aspects of commercial real estate including real estate finance, commercial leasing, and acquisitions and sales of office buildings, condominiums, hotels, shopping centers, and other commercial mixed-use properties. Ms. Larson regularly represents both borrower and lenders (foreign and domestic) in various lending transactions with a particular focus on the negotiation of intercreditor and co-lender arrangements.

In the agribusiness and food sectors, Ms. Larson regularly represents investors in the acquisition, disposition and leasing of agricultural assets held in national farmland portfolios. Additionally, Ms. Larson has developed particular experience in advising clients on regulatory issues impacting the growing, processing, manufacturing and distribution of food products, including issues under the Food Safety Modernization Act, supply chain management issues, and transportation issues. Further, Ms. Larson regularly advises on jurisdictionally-specific permitting, licensing, certification, and product-specific requirements for producers, processors and retailers (including online retailers) and filing requirements for foreign investors under the Agricultural Foreign Investment Disclosure Act and analogous state statutes.

In the renewable energy sector, Ms. Larson has experience in addressing real property and title issues arising in the acquisition, development and financing of wind, solar, and other renewable energy projects across the United States. Ms. Larson also reviews and negotiates wind and solar leases on behalf of landowners.

Achievements

  • CALI Excellence for the Future Award in Property

Professional Background
Prior to joining K&L Gates, Ms. Larson was a real estate associate at a regional law firm with one of the largest real estate practices in New York.

Professional/Civic Activities

  • Membership Committee, Crew Seattle & Sound

Speaking Engagements

  • Presenter, PACA and Real Property: Follow the Fruit, Washington State Bar Association New Developments in Real Property CLE, August 2018, Seattle, WA
  • Presenter, Farm to Retail: Food Supply Chain Liability and Supply Agreements, American Agricultural Law Association 2017 Annual Agricultural Law Symposium, October 2017, Louisville, KY
  • Presenter, Food Safety: What Do Clients Need to Know in 2017?, Oregon State Bar Agricultural Law Section 2017 Ag Law Round Up, May 2017, The Dalles, OR

Commercial Real Estate

  • Represented non-U.S. investors in connection with various financings secured by hotel, commercial, and retail properties across the United States including the following:
    • Represented a non-U.S. investor in its acquisition of a $190 million mezzanine loan with respect to One Worldwide Plaza in New York City.
    • Represented a non-U.S. investor in its acquisition of a $70 million mezzanine loan with respect to a portfolio of 92 hotel properties located nationwide.
    • Represented a non-U.S. investor in its acquisition of a $35 million subordinated mortgage note secured by 285 Madison Avenue.
    • Represented a non-U.S. investor in its acquisition of a $50 million participation interest in a $900 million mortgage loan secured by Central Park Tower, which upon completion will be the second-tallest building in the United States.
    • Represented a non-U.S. investor in its acquisition of a $55 million mezzanine loan with respect to the Westin Times Square.
  • Represented Healthcare Trust of America (NYSE:HTA) in its acquisition of 72 medical office properties across 15 states from Duke Realty (NYSE: DRE) for $2.3 billion
  • Represented a commercial real estate investment company in the $9.4M acquisition of an apartment complex in Bedford, TX, including the assumption of existing $5.8M Fannie Mae loan and borrowing of new $1.43M supplemental Fannie Mae loan.
  • Represented a commercial real estate investment company in the acquisition and financing of a $115M Class A office building located at 1750 K Street, Washington DC.
  • Represented a commercial real estate investment company in the disposition of a $28.4M Class A office building located in Charleston, SC, along with a defeasance of the existing financing secured by the building.
  • Represented a commercial real estate investment company in the disposition of a $18.2M multi-family property located in Raleigh, NC.
  • Represented a commercial real estate investment company with respect to the acquisition of a 521-unit multi-family property in Manhattan for $252 million.
  • Represented a commercial real estate investment company in its joint venture acquisition of an 86-building property portfolio in Harlem and the mezzanine and mortgage financing incident thereto.
  • Represented a diversified Turkey-based real estate investment company in its acquisition of a three-level, 12,000-square-foot retail condominium in Manhattan's Diamond District.
  • Represented an institutional lender in the restructuring and modification of a $52 million mortgage loan encumbering real property in Nassau County, New York.
  • Represented an institutional lender in various mid-size loans ($50M-$150M) secured by real property located in New York City.

Food and Beverage

  • Advised an online retailer on regulatory compliance requirements applicable to its food distribution facilities storing shelf-stable, refrigerated and frozen foods, including fresh produce.
  • Advised an online retailer on the regulatory requirements applicable to mobile food vendors in Seattle, Washington.
  • Advised a public corporation regarding food safety issues to consider in the design and construction of its food distribution facilities and food delivery vehicles.
  • Advised a public corporation regarding the applicability of nutrition labeling requirements for its restaurant and retail portfolios.
  • Advised a vertical farm with respect to food safety regulatory requirements and product labeling.
  • Advised a public corporation regarding the applicability of various state “bag ban” legislation to its restaurant and retail portfolios.
  • Advised a start-up company regarding the regulatory requirements applicable to interstate shipments of potentially hazardous food products under a direct to consumer model.
  • Advised a start-up company regarding the regulatory requirements applicable to meal kit direct-to-consumer delivery services.
  • Advised a public corporation regarding the regulatory requirements applicable to interstate distribution of seeds and live plants.
  • Advised a foreign investment company on the regulatory filing requirements under the Agricultural Foreign Investment Disclosure Act with respect to its acquisition of leasing interests in agricultural land.
  • Advised a vertically integrated producer/processor in food safety issues to consider in integrating and consolidating its business operations into one entity.

Agribusiness

  • Represented a private investment company on the acquisition of a national farmland portfolio.
  • Represented an institutional investment manager on the acquisition of permanent cropland (almonds and grapes) in California, and six related post-closing lease transactions.
  • Represented an institutional investment manager on the leasing of apple orchards in Grant County, Washington.
  • Represented an institutional investment manager on the disposition of cropland in California.
  • Regularly represent a private investment company on the development and update of its real estate forms library including form purchase and sale agreements, leases, easements, consultant agreements and diligence forms.

Sports and Hospitality

  • Represented an investment company on its acquisition of a luxury resort in the Caribbean
  • Represented a non-U.S. investor on the acquisition of an interest in a mezzanine loan on a luxury resort in the Caribbean
  • Represented a non-U.S. investor on the acquisition of a mezzanine loan on a luxury resort in Hawaii
  • Represented a nationally recognized sports hospitality company in obtaining a $150M credit-line facility.
  • Represented a commercial real estate investment company in its various refinancing of shopping centers and hotels in the company’s national portfolio.
  • Represented a commercial real estate investment company in its acquisition of a $39M hotel in New York City.

Renewable Energy

  • Counseled a client on the key issues in negotiation of wind and solar leases from a landowner perspective.
  • Advised a foreign power generator company on the real estate issues related to its acquisition of a 71MW wind and solar renewable generation portfolio, including the state and federal regulatory filing requirements required in connection with such acquisition.
  • Advised a foreign independent power generation company on the regulatory filing requirements required in connection with its acquisition of a wind portfolio in Ohio.