Walter Stone is a Member of Adelberg, Rudow, Dorf & Hendler with more than forty years of experience in handling complex real estate, corporate and tax matters. Mr. Stone was admitted as a Certified Public Accountant in Maryland in 1965, and was associated with a public accounting firm prior to entering the practice of law in 1967. Mr. Stone concentrates his practice in the areas of the acquisition, sale, development and management of commercial real estate, as well as general business, corporate and taxation law. Mr. Stone has been a frequent lecturer for Maryland Institute for Continuing Professional Education of Lawyers (MICPEL), Maryland State Bar Association, National Business Institute and Lorman Educational Services, as well as for other professional associations and groups
-
Represented a client in the rezoning and redevelopment of a substantial income-producing property into a development, which when completed will consist of over 1,000 residential units, retail and office space and a hotel;
-
Represented owner of existing income-producing property in connection with possible redevelopment into a complex of approximately nine hundred residential units, which if successful, will result in a raw land value initially estimated to be in excess of $60 million;
-
Assisted client in the modification and 10-year extension of its existing in excess of $100 million loan portfolio, which was cross-collateralized by more than 25 separate properties located in eight different states;
-
Assisted client in the sale of two parcels of vacant land adjacent to client’s existing shopping center – one parcel being sold to a national retail user, which constructed a store in excess of 167,000 square feet, and the other to a developer for construction of a residential project;
-
Represented limited partnership in the restructuring of its lease for 300,000 square foot downtown Baltimore office building and thereafter refinancing its loan for the property;
-
Represented property owner in connection with reinvesting proceeds from tax-free exchange involving multiple properties located in three different states; involved in the management of family owner commercial real estate holdings throughout the East Coast;
-
Assisted client’s attorney in negotiating and drafting an agreement in connection with the sale and subdivision of approximately 100 acre farm in the Baltimore metropolitan area;
-
Negotiation and settlement of complex tax disputes with the Internal Revenue Service on numerous occasions;
-
Developed strategy and assisted client in connection with tax planning that resulted in deferral of potential multi-million dollar federal and state income tax liability;
-
Successfully prosecuted two separate specific performance claims against sellers of real property resulting in advantageous purchases of commercial real estate;
-
Represented client in sale of Fourteen Million Dollar manufacturing company and related tax planning;
-
Represented client in defeasance of multi-million dollar loan prior to its maturity;
-
Assisted client in resolving complex estate dispute including related tax planning;
-
Assisted commercial real estate company in acquisition of real property throughout the East Coast;
-
Represented client in negotiation and drafting of long term ground lease for multi-million dollar property in Western Maryland.