Towle Neu

T: 612.756.7122
E: TowleN@sapientialaw.com
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About


 
Towle (pronounced “toe·wool”, not “towel”) is an experienced real estate attorney with a diverse private practice background who enjoys getting his hands dirty. He represents lenders, buyers, sellers, tenants, landlords, brokers, and property managers in all facets and sizes of real estate transactions, construction projects, and property management.

Towle is a member of Sapientia’s COVID-19 Business Counsel team formed in response to the pandemic. He combines his lending and transactional experience with his knowledge of the COVID-19 federal loans and financial assistance available to small businesses that are impacted by the pandemic, including those programs administered by the U.S. Small Business Administration.

Working for other medium-sized law firms in the Twin Cities his first eight years of practice, Towle initially litigated on behalf of owners, contractors, and developers in complex, multi-million dollar disputes, as well as smaller, residential claims. Eventually, he transitioned from a litigation practice to a transactional-based practice where he represented lenders and developers in all aspects of drafting, negotiating, closing, and administering construction and term loans; negotiating construction contracts, commercial leases, purchase agreements, 1031 exchange documents, and declarations of restrictive covenants; and due diligence review, including title and survey, environmental, and corporate compliance.

Prior to joining Sapientia, Towle had his own successful solo practice for seven years in which he continued to serve his client base in all of the above aspects of real estate transactions, negotiations, and related lending arrangements.

Towle’s unique background, including both transactional and litigation work for institutional lenders and developers, as well as small contractors and residential owners, gives him valuable insight when advising his clients. This, combined with his own experience as a business owner, reinforces and fuels Towle’s commitment to client responsiveness, creative solutions, and cost-effective service.

  • Representative Experience
    • Represented a national bank in the $70,000,000 development of The Shoppes at Arbor Lakes, a 70-tenant lifestyle shopping center located in Maple Grove, Minnesota.
    • Represented a national bank in a $12,300,000 construction and term loan for development of an office building in Hennepin County, Minnesota.
    • Represented a national retail company in its receipt of $36,000,000 STAR bond funds for the construction of a 235,000 sq. ft. store at The Legends at Sparks Marina retail development in Sparks, Nevada.
    • Represented the owner and developer in the land purchase and development of the Autobahn Motorplex in Chanhassen, Minnesota.
    • Represented a lender in a $15,000,000 loan for the construction of an ethanol plant.
    • Represented a Twin Cities real estate group in the sales of four apartment complexes for a total of $7,600,000.
    • Represented the developer in the construction financing of Grant Park, a 27-story condominium tower and adjacent townhomes in downtown Minneapolis.
    • Represented the owner in its $2,000,000 purchase and construction of a retail space in Minneapolis.
    • Represented the buyer in its purchase and leasing of several office buildings in the Twin Cities metro area ranging in value from $1,000,000 to $2,000,000.
    • Represent a property management company in connection with its operation of several apartment communities in the Twin Cities.


Education
J.D., with distinction, University of Iowa College of Law (1999)
B.S., Dean’s List, Northwestern University (1995)

Court Admissions
State of Minnesota

Personal
Favorite Travel Spots: Laos and a secret location in the Colorado Rockies
Favorite Sport: Mountain Biking. Yes, it’s a sport. Theme Song: Live Wire by Mötley Crüe
Favorite Non-Profit: IFP of Minnesota
Favorite Part of Being a Lawyer: It’s a profession where having gray hair is a good thing.
Little Known Fact: Directed the feature film Heart of Wilderness