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Karen B. Bjorkman 
Partner

p 612.672.8307
f612.642.8307
karen.bjorkman@maslon.com

3300 Wells Fargo Center
90 South Seventh Street
Minneapolis, MN 55402

Karen Bjorkman, a partner in Maslon’s Real Estate Group, has extensive experience in all areas of commercial real estate.  Karen’s no-nonsense, practical approach to negotiation and legal resolutions helps her facilitate both simple and complex transactions, with an emphasis on completing transactions in an orderly and efficient manner.  Karen represents property owners, developers, borrowers and lenders in all types of property-related transactions, including acquisitions, easement, license and occupancy issues, development of real estate, risk analysis in connection with environmental contamination, resolution of common-interest community property issues, financing, real estate-related estate planning, and drafting and negotiating of commercial leases from both the landlord and the tenant’s perspective, including retail, office, industrial and ground leases.  Her practice crosses into related, complex contract, liability and insurance law, especially in connection with shared occupancy and ownership situations, including environmental liability questions.  She also represents financial institutions in connection with their commercial lending transactions, including drafting and negotiating, workouts, and foreclosures on all aspects of commercial and construction lending documents.  Karen has extensive experience in title insurance, survey and easement matters and has represented multiple clients in Section 1031 tax-deferred exchanges.

Areas of Practice
  • Real Estate
  • Acquisitions, Sales and Exchanges
  • Easements and Licenses
  • Real Estate Financing
  • Commercial Loan Documentation
  • Commercial Leasing
  • Design, Engineering and Construction Agreements
  • Development
  • Environmental Due Diligence
  • Title, Zoning and Land Use
  • Real Estate Disputes
  • Creditors' Rights in Bankruptcy
  • Defaulted Loans and Workouts
Education
  • William Mitchell College of Law, St. Paul, Minnesota, 1993
    J.D.
    Honors: magna cum laude
    Law Review: William Mitchell Law Review, Member, 1991 - 1992; Editor, 1992 - 1993
  • University of Minnesota, Minneapolis, Minnesota, 1981
    College of Business Administration, B.S.B.
Bar Admissions
  • Minnesota, 1993
Certified Legal Specialties
  • Minnesota Real Property Law Specialist, Minnesota State Bar Association
Professional Associations and Memberships
  • Minnesota State Bar Association - Member
  • American Bar Association - Member
  • Hennepin County Bar Association - Member
  • Minnesota Uniform Conveyancing Blanks Task Force - Member and past Chair, since 1996
  • Women Presidents' Organization - Member since 2008
  • People Serving People - Board Member since 2007
  • Leadership Twin Cities, Minneapolis Regional Chamber of Commerce - past Member
Pro Bono Activities:
  • People Serving People, Member of the Board, 2007
Classes Taught
  • "Real Estate Loan Workouts", Maslon Speaker Series, 2008
  • "Successful Commercial Real Estate Financing Techniques", Law Seminars International, 2004, 2005, 2006
  • “The New Article 9 for Bankers”, Maslon Speaker Series, 2001
  • “Commercial Real Estate Leases”, National Business Institute, 1999
Publications
  • Case Note, 18 Wm. Mitchell L. Rev. 731, 1992
Honors and Awards
  • Recognized on Minnesota Super Lawyers® list, 2006 - 2008 (Minnesota Super Lawyers® is a designation given to only 5 percent of Minnesota attorneys each year.)
  • Recognized on Minnesota Rising Stars® list, 2002 (Minnesota Rising Stars® is a designation given to only 2.5 percent of Minnesota attorneys each year.)
  • AV Rating, Martindale-Hubbell (AV, BV, and CV are registered certification marks of Reed Elsevier Properties, Inc., used in accordance with the Martindale-Hubbell certification procedures, standards and policies)

Experience

Numerous sales and purchases of commercial properties, including:
  • Negotiation for the acquisition of commuter rail easements of more than forty miles of commuter rail line between Big Lake, Minnesota and Minneapolis, Minnesota. 
  • Negotiation for the sale of 7,000+ utility easements in connection with an asset sale of a major regional telephone company.
  • The sale of major locally based technology campus, including TIF documentation.
  • Acquisition of more than 100 nationally located sites for restaurant development.
  • Acquisition of numerous sites for development and operation, both locally and nationally, including redevelopment sites with environmental cleanup.
  • Replatting commercial property for development and resale.
  • Hundreds of retail, industrial and commercial leases.
  • Workout of defaulted commercial mortgage loans, including specialty properties, such as shopping centers, movie theaters and resort properties.
  • The sale of business assets, including real estate.
  • Documentation of over 1,000 mortgage-based loans to local banks for construction, land development and permanent financing.
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Maslon Edelman Borman & Brand, LLP  | 3300 Wells Fargo Center | 90 South Seventh Street | Minneapolis, MN 55402-4140 | p 612.672.8200