Derick Wallace

In the vibrant and ever-evolving landscape of Washington, DC, legal expertise in real estate is not just a convenience, it's a necessity. For individuals, businesses, and organizations navigating property acquisitions, development projects, or land use regulations, having a knowledgeable and dedicated legal partner can make all the difference. In the heart of the District, Derick Wallace stands out as a highly skilled real estate development and transactional attorney, offering crucial guidance and representation. This article provides a clear, engaging, and informative overview of Derick Wallace's practice, tailored to serve the local community in Washington, DC.

Derick Wallace is an Associate at Goulston & Storrs, a well-regarded law firm with a significant presence in Washington, DC. His practice is deeply rooted in the intricacies of real estate law, encompassing a broad range of services vital to the dynamic DC market. From the initial stages of property acquisition and disposition to complex financing arrangements and navigating the nuanced world of land use and zoning, Derick Wallace brings a meticulous approach to every detail. He is adept at handling the full spectrum of legal processes, including thorough research, diligent due diligence, precise drafting, and comprehensive contract review, ensuring his clients are well-equipped to navigate even the most complex issues.

What truly sets Derick Wallace apart is not just his technical proficiency but also his commitment to understanding and addressing the unique needs of each client. His background includes valuable experience as a Student Attorney for GW Law's Small Business and Community Economic Development Clinic, where he directly engaged with nonprofit clients, devising strategic solutions for their specific challenges. This hands-on experience, coupled with his work as a Law Clerk and Extern for the Equitable Housing Institute, where he contributed to housing policy recommendations, showcases his dedication to community impact and a holistic understanding of real estate’s broader societal implications.

For those in the District of Columbia, whether you are a developer embarking on a new project, a business seeking to acquire commercial property, or a non-profit organization navigating land transactions, Derick Wallace offers a blend of seasoned legal acumen and a client-focused approach. His involvement in significant projects, such as the representation of the Girl Scout Council of the Nation's Capital in a major land sale for conservation, highlights his ability to handle impactful and intricate real estate deals. This experience demonstrates his capacity to manage large-scale transactions while upholding client objectives and community values.

The real estate market in DC is unique, characterized by its historic preservation laws, intricate zoning regulations, and the constant demand for both commercial and residential development. Derick Wallace’s specific focus on DC land use, zoning, and historic preservation positions him as an indispensable asset for anyone looking to undertake real estate ventures in the city. He is well-versed in the local ordinances and regulatory bodies, providing the necessary insight to avoid pitfalls and ensure smooth transactions.

In summary, Derick Wallace at Goulston & Storrs offers a comprehensive and precise approach to real estate law. His practice is tailored to the distinct needs of the Washington, DC community, providing expert legal services in a professional and accessible manner. For anyone facing real estate challenges or opportunities in the District, engaging with Derick Wallace ensures that your legal matters are handled with the highest level of competence and dedication.

Location and Accessibility

Derick Wallace practices at Goulston & Storrs, located at 1999 K St NW, Washington, DC 20006, USA. This address places him squarely in the heart of downtown Washington, DC, within the central business district. This is a highly advantageous location for clients due to its exceptional accessibility and proximity to key governmental and commercial hubs.

The office's K Street address is renowned for its concentration of legal and lobbying firms, making it a familiar and convenient destination for many professionals and businesses in the DC area. Public transportation is a major strength of this location. The office is situated very close to the Farragut West Metro Station (Orange, Blue, and Silver Lines) and the Farragut North Metro Station (Red Line). This dual access to major Metro lines makes commuting by subway incredibly convenient for clients coming from various parts of the District, Maryland, and Virginia. Numerous bus routes also traverse K Street and the surrounding avenues, offering additional public transit options.

For those who prefer to drive, while downtown DC can be busy, the 1999 K St NW address is well-served by nearby parking garages. Clients can typically find paid parking options within a short walking distance of the office. The building itself is a modern, professional establishment, designed to provide a welcoming and efficient environment for legal consultations and meetings. Its central location ensures that clients can easily integrate their legal appointments with other business or personal errands in the bustling downtown area. The firm’s presence in such a prominent and accessible location underscores its commitment to serving the DC community effectively.

Services Offered

• Real Estate Development: Legal guidance through all phases of real estate development projects, from inception to completion.
• Real Estate Acquisitions and Dispositions: Comprehensive legal assistance for the purchase and sale of various types of properties, including due diligence, contract negotiation, and closing.
• Real Estate Financing: Advising on debt and equity financing for real estate projects, including structuring, negotiation, and documentation.
• Land Use: Navigating complex land use regulations, including zoning, permitting, and entitlements.
• Zoning & Historic Preservation: Expertise in District of Columbia-specific zoning ordinances and regulations related to historic preservation, crucial for development in the city.
• Contract Review and Drafting: Meticulous review and drafting of all necessary legal documents and contracts related to real estate transactions.
• Due Diligence: Conducting thorough investigations to assess risks and opportunities associated with real estate properties and transactions.
• Non-Profit Real Estate Counsel: Specializing in advising non-profit organizations on their unique real estate needs and transactions.
• Community Economic Development: Providing legal support for projects aimed at fostering economic growth and development within communities.
• Commercial Real Estate Transactions: Handling various commercial property transactions, from office spaces to retail and mixed-use developments.

Features / Highlights

• Specialized Real Estate Focus: Derick Wallace's practice is singularly focused on real estate development and transactional law, offering deep expertise in this complex field.
• DC-Specific Land Use Knowledge: Strong understanding of the nuances of Washington, DC's land use, zoning, and historic preservation regulations, which are critical for any development or property transaction in the city.
• Transactional Expertise: Proficient in all stages of real estate transactions, from initial research and due diligence to drafting contracts and managing closings.
• Community Engagement: Previous experience as a Student Attorney for GW Law's Small Business and Community Economic Development Clinic, and as a Law Clerk for the Equitable Housing Institute, demonstrates a commitment to broader community impact.
• Involvement in Key Projects: Represented Girl Scouts Nation's Capital in a significant land sale for conservation, recognized with a "Best Real Estate Deal of 2023 People's Choice Award" by the Washington Business Journal.
• Affiliations: Active member of the Urban Land Institute and African American Real Estate Professionals, staying connected with industry trends and networks.
• Lifelong Leader: Served as President of the Black Law Students Association (BLSA) and founded the Black Mentorship Program (BMP) at Northwestern, highlighting leadership and community-building skills.
• Goulston & Storrs Backing: Operating within a reputable firm known for its client-centric approach and expertise in various practice areas, providing robust support and resources.

Promotions or Special Offers

As a professional legal services provider, Derick Wallace and Goulston & Storrs do not typically offer "promotions" or "special offers" in the consumer-discount sense. The value they provide to clients stems from their extensive legal knowledge, strategic counsel, and commitment to achieving favorable outcomes in complex real estate matters. Their focus is on delivering high-quality, efficient, and effective legal representation that safeguards client interests and facilitates successful transactions and developments.

Instead of promotional deals, the firm prioritizes building long-term client relationships based on trust, transparency, and results. They aim to provide tailored solutions that address the unique challenges and objectives of each client, whether they are individuals, businesses, or non-profit organizations. Clients can expect a commitment to thoroughness and precision in all legal proceedings, ensuring that their real estate ventures are handled with the utmost care and professionalism. The ultimate "offer" from Derick Wallace is the promise of expert legal guidance that helps clients navigate the intricacies of DC real estate law successfully.

Contact Information

For those in the District of Columbia seeking expert legal counsel in real estate development and transactional law, Derick Wallace at Goulston & Storrs is ready to assist. You can reach the Washington, DC office using the following contact details:

Address: 1999 K St NW, Washington, DC 20006, USA

Phone: (202) 721-0011

Mobile Phone: +1 202-721-0011

Prospective clients are encouraged to contact the office by phone to schedule a consultation. This allows for a direct conversation about your specific real estate legal needs and how Derick Wallace's expertise can be leveraged to achieve your objectives. The professional team at Goulston & Storrs is committed to providing prompt and helpful assistance, ensuring a smooth initial interaction and efficient progression of your legal matters.

Conclusion: Why this place is suitable for locals

For anyone residing or doing business in the District of Columbia, Derick Wallace offers a crucial and highly suitable legal service, particularly for real estate matters. The unique demands of the DC real estate market – with its dense urban environment, historic properties, complex zoning regulations, and continuous development – necessitate an attorney who is not only skilled in general real estate law but also intimately familiar with the local landscape. Derick Wallace embodies this ideal, making him an excellent choice for locals.

His practice is strategically located in the heart of downtown DC, providing unparalleled accessibility via public transport and convenient proximity for meetings. This central location means that clients can easily access expert legal advice without extensive travel, integrating legal consultations seamlessly into their busy schedules. For developers, property owners, or even community organizations in DC, having a lawyer who understands the pulse of the city's real estate trends and regulatory specificities is invaluable.

Furthermore, Derick Wallace's specialized focus on real estate development, acquisitions, dispositions, financing, and especially DC land use and zoning, directly addresses the most common and often most challenging legal hurdles faced by local stakeholders. His involvement in significant local projects, like the Girl Scouts land sale, demonstrates a practical understanding of how to navigate large-scale, impactful deals within the DC context. His dedication to thoroughness, from due diligence to contract review, ensures that local clients receive meticulous and reliable legal support, minimizing risks and maximizing successful outcomes.

Beyond his technical legal skills, Derick Wallace's background in community economic development and his engagement with professional organizations like the Urban Land Institute highlight a commitment to the broader well-being and growth of the DC area. This holistic perspective ensures that his legal advice considers not just the immediate transaction but also its long-term implications for clients and the community. For any resident or entity in Washington, DC, seeking a dedicated, knowledgeable, and locally attuned real estate attorney, Derick Wallace offers precisely the expertise and client-focused approach needed to navigate the District's intricate real estate landscape successfully.