Stephen R. Ledoux

Partner

I'm in the business of helping people.

Every real estate developer, whether in the hospitality, multifamily, industrial, agriculture, health, energy or other sector, must move from a great idea with preliminary schematics to governments issuing permits and investors and lenders writing checks. His efforts have helped clients achieve marquee projects against overwhelming odds.

Steve has helped project sponsors with private-placement equity raises, funding a client's first hotel to another's break from pricey institutional equity. Debt builds the balance of the capital stack, and Steve has worked on nearly every imaginable variety, including construction and acquisition loans, mezz loans, debt with equity kickers, and other creative approaches. Finally, public participation may be available, and Steve has been called the "poster child" of public-private partnerships.

Steve is the financial partner of the firm's real estate practice, co-chair of the hotel industry practice, and serves clients from the firm's San Francisco and Portland offices. Steve regularly serves as a lecturer and panelist, including as chair of The Seminar Group's Easements in Oregon CLE, at the ULI Northwest conference with Portland Mayor Ted Wheeler and Provenance Hotels CEO Bashar Wali; NYU International Hospitality Industry Investment Conference; American Lodging Investment Summit (ALIS); The Lodging Conference; American Planning Association (APA); and Association of Bay Area Governments (ABAG). Chambers USA describes Steve "as a leading lawyer in Real Estate" appreciated by clients for being "extremely helpful and flexible."

Practice Highlights

Development

Counsels world-class projects from the ground up, including complex developments such as the AC Hotel at Terminal 1 in Vancouver (port ground lease), Cavallo Point Sausalito (NPS ground lease) and Intercontinental "The Clement" Monterey (City tidelands lease); award-winning industrial projects, such as the Huy Fong world headquarters, and the Mission 71, Mission West, and Alderson Business Parks; and one of the largest greenhouses in Santa Maria.

Financings

Represents hotel and other clients in billions of dollars of real estate construction and permanent financing with counterparties such as Goldman Sachs, Morgan Stanley, Wells Fargo, and Bank of China. Has been a part of CMBS 1.0, 2.0, and 3.0, with a focus on protecting clients from personal recourse. Also structures mezzanine, debt-equity, and other specialty-financing devises.

Acquisitions and dispositions

Lead counsel in many recent complex acquisitions for some of the industry's most recognizable properties, including Ritz-Carlton, Holiday Inn Civic Center, Americania, Good, Carriage, Vertigo, Metropolis, and Fairmont (lender) in San Francisco; Hotel Epiphany, Palo Alto, Hotel 1000, in Seattle; China Globe and Saigon Village in the South Bay; and disposition of Sundance Cinemas, Laguna Hills Holiday Inn, and Oregonian Buildings.

Admitted to Practice

California, 1988
Oregon, 2008

Education

J.D., Harvard Law School, 1985, cum laude
- Harvard Legal Aid Bureau
B.A., American Studies, University of Notre Dame, 1981, summa cum laude
- Dedicated Service and Leadership Award

Languages

French

Memberships & Affiliations

- Counsel and Past Board Member, Lan Su Chinese Garden
- Past Counsel, Marin Agricultural Land Trust & Regeneration Project
- Past Corporate Counsel, Board of Directors, Jazz in Flight, Children in Flight
- Past Member, Tri-County Lodging Association
- Past Member, Washington State Lodging Association

Professional Recognition

- Named as one of "America's Leading Lawyers for Business" by Chambers USA in Real Estate (Oregon), 2021-2023
- Named one of the "Best Lawyers in America" in Real Estate Law by Best Lawyers, 2021-present; in Leisure and Hospitality Law, 2023

Your search returned no results. Please try another search or remove search criteria.