Featured Image For PG&E Corporate Headquarters C-PACE Financing

Chapman served as initial purchaser’s counsel on a commercial property assessed clean energy (C-PACE) financing named the PACESetter Innovative Deal of the Year ($50M+) by PACENation (2024). The transaction was structured as a $172 million 144A municipal bond offering issued by the California Statewide Communities Development Authority, secured by a C-PACE assessment on the PG&E corporate headquarters, a landmark 910,000 square foot office building in Oakland, California. The financing marked the largest C-PACE loan on an office property in the United States to date and supports the transformation of a more than 60-year-old office structure into a state-of-the-art green building, improving energy efficiency and water conservation, as well as seismic resilience and safety. Chapman's deal team included attorneys Hillary Phelps, David Sykes, Larry White, Kent Floros, Seema Patel, and Alex Pollard.

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