David J. Murphy

Managing Attorney at Murphy PC. For more than 20 years, I have counseled developers, sponsors, owners, investors, lenders, tenants, nonprofits, and partnerships in commercial real estate transactions. A significant portion of my practice involves the formation, negotiation, structuring, and governance of sophisticated real estate joint ventures.

📧 dmurphy@murphypc.com

🌐 https://murphypc.com/our-people/david-murphy/

April 4, 2026 Capital Stack & Contributions

Failure to Fund: Default Rules and Contractual Remedies When a Joint Venture Member Does Not Make Its Capital Contribution

Two couples agreed to form an LLC as equal members to develop and operate an upscale restaurant. One couple made its full…

David J. Murphy 10 min read

March 8, 2026 Disputes & Litigation

When the Sponsor Stalls: Governance Lessons from Arctaris v. LC Baltimore for Institutional Investors

Institutional capital regularly takes non-managing positions in real estate joint ventures, relying on sponsor execution and structural protections to safeguard the investment.…

David J. Murphy 7 min read

February 11, 2026 Governance & Control

Why Capital Partners Need SPE Covenants in the Operating Agreement

Special purpose entity covenants occupy an awkward place in real estate joint venture documentation. The covenants themselves typically appear in the loan…

David J. Murphy 8 min read

February 8, 2026 Governance & Control

Removal Events in Real Estate Joint Ventures: What Capital Partners Need to Know

When a real estate joint venture goes wrong, the removal event provision determines whether the capital partner can act, and how quickly.…

David J. Murphy 1 min read