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Kathleen Smalley is Of Counsel in the Los Angeles office of Locke Lord LLP where her practice includes sophisticated real estate transactions and disputes, complex corporate transactions, corporate and family business governance, and on matters relating to family wealth. Formerly a law clerk to U.S. Supreme Court Justice Sandra Day O’Connor, and with 17 years of experience as general counsel for major national and international real estate companies, she acts as outside general counsel on high-stakes litigation with a particular emphasis on litigation concerning complex transactions.
Kathy has extensive background in real estate finance and development and in repositioning distressed real estate. In the development arena, she led an initiative to remediate and develop brownfields and advised clients on entitlements strategies to bring blighted or poorly zoned properties to their highest and best use. In addition, Kathy has been heavily involved in the placement of new financing. She has led teams on the negotiation of complex structured finance, again backed by multistate portfolios of real property, and on negotiating equity investments with financial investors. Her experience in debt workouts and bankruptcy is also deep, including the day-to-day executive responsibility for the reorganization in bankruptcy and recapitalization of a national portfolio of properties with differing equity structures and cross-collateralized mortgages.
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