When representatives of regional developer Lane4, the Kansas City Wizards Major League soccer franchise, and medical information technology company Cerner Corp. walked into my office a year ago, they had a massive project in mind: A 4,000-employee office campus, an 18,000-seat state-of-the-art sports and entertainment stadium, and a national caliber youth sports tournament complex. It was a worthy project in need of a financing source and structure, but coming seven months after the collapse of Lehman Bros., the chances of its success seemed small.
Attorney Chase Simmons writes about this real estate development deal as a Web exclusive for Commercial Investment Real Estate in its July/August issue.
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Commercial Investment Real Estate, is the magazine of the CCIM institute.