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DOUGLAS A. PRAW

PARTNER

  • J.D., 2002
    Southwestern University
  • B.S., 1998
    Washington University in St. Louis

Praw, Douglas
Douglas A Praw
601 South Figueroa Street
41st Floor
Los Angeles, CA 90017
USA
213.426.2664

Doug Praw is a partner in Goodwin Procter's Real Estate Capital Markets Group. He specializes in real estate development, public finance and land use entitlement work in connection with state and municipal regulatory matters. Mr. Praw also provides strategic advice on complex legal issues affecting municipal governance and legislation.

For his extensive experience in a wide range of real estate and public finance matters, Mr. Praw has been selected for inclusion in Chambers USA: America’s Leading Lawyers for Business and has been recognized as one of the top “40 Under 40” most successful and youngest stars of the Southern California real estate industry.

WORK FOR CLIENTS

Mr. Praw has provided counsel to the spectrum of real estate investors, from developers, owners and borrowers to underwriters and municipalities, special districts and other governmental agencies. He has recently represented:

Acquisition/Disposition Work

  • AMLI Residential in the negotiation of a ground lease with Los Angeles County and the $52.5 million acquisition of a leasehold interest in Marina del Rey from Esprit Two, LLC, for the development of a 585-unit apartment complex
  • Prime Property Fund in the $177 million acquisition of 6500 Wilshire in Los Angeles, CA

Financing Work

  • Prime Property Fund in the $475 million refinancing of the Fashion Valley Mall in San Diego, CA
  • Angel Fire Ski Resort in connection with a $25 million financing from the New Mexico Finance Authority for public infrastructure improvements

Development Work

  • Westfield Corporation in the redevelopment of MainPlace shopping center in Santa Ana, CA
  • Emerson College in the approval of the Emerson College Los Angeles Campus on Sunset Blvd, Los Angeles, CA, designed by Pritzker Prize-winning architect Thom Mayne

Public Finance Work

  • Westfield Corporation in connection with the redevelopment of Westfield Culver City, securing $25 million (NPV) in public investment for the West Valley Shopping Center, a project that will generate over 4,000 jobs for the community
  • 901 West Olympic Boulevard Limited Partnership in connection with the approval of a $67.3 million Subvention Agreement by the City Council of the City of Los Angeles for a 395-room Marriott and Residence Inn project in downtown Los Angeles
  • Winrock Partners and Hunt Development Group in connection with the issuance of $164 million in municipal bonds to finance public infrastructure for the Winrock/Quorum Town Center Redevelopment Project in Albuquerque, NM
  • City National Bank in connection with its provision of credit enhancements that resulted in a $12 million Qualified School Construction Bond for the funding of construction of the High Tech High Charter School in Chula Vista, CA

PROFESSIONAL ACTIVITIES

Mr. Praw is a member of the American Bar Association, the Urban Land Institute, the National Association of Bond Lawyers and the National Cannabis Industry Association. He is also a member of the Milken Institute's Young Leaders Circle and serves on the Eliot Society for Washington University in St. Louis.

Mr. Praw serves on the editorial board of the firm's real estate practice newsletter REsource: A Goodwin Procter Publication for the Real Estate Industry and is a founding editor of Goodwin Procter's Sustainable Development blog.

MEDIA

Presentations

  • The Highs - and Lows - of the Cannabis Economy,” 2014 Milken Global Conference (April 2014)
  • “Financing Your Public-Private Deal – 2013 and Beyond,” LA County Bar Association (May 2013)
  • “Tax Increment Development District: Another Tool in the Economic Development Toolbox,” City of Albuquerque, New Mexico (July 2010)
  • “How Local Governments Are Keeping Up with the Issue of Sustainability,” Urban Land Institute of Los Angeles’ Eighth Annual Marketplace Conference on Sustainable Development (November 2006)

Publications

  • “As Pot Industry Grows, RE Attys Sprout New Specialty,” Law360 (April 2014)
  • “How Municipalities Can Leverage the Reefer Tax,” Law360 (April 2014)
  • “The Demise of RDAs Promise New Opportunities,” HotelNewsNow.com (March 2012)
  • Articles for American City and County Magazine, Water Impact, The California Real Estate Journal, Western Real Estate Business (cover story), Builder and Developer magazine and REsource: A Goodwin Procter Publication for the Real Estate Industry
  • “Late to the Party; Trendsetting Los Angeles Makes a Fashionably Late Entrance to the Green Movement,” Commercial Property News (November 2007).

BAR AND COURT ADMISSIONS

Mr. Praw is admitted to practice in California.

RECOGNITION

Mr. Praw has been listed in the 2014 edition of Chambers USA: America’s Leading Lawyers for Business (Real Estate) and the Los Angeles Business Journal's Who’s Who in L.A. Law: Angelenos to Know in Real Estate Law” (2013).

Mr. Praw has been recognized as a “Southern California Rising Star” by Los Angeles Magazine and Super Lawyers Magazine (2006 – 2014), and selected by Real Estate Southern California magazine as one of the top “40 Under 40” most successful and youngest stars of the Southern California real estate industry. In 2005, the Los Angeles Business Journal profiled him as one of a handful of young professionals in its “Who’s Who in Real Estate” compendium.