Steve Demby has negotiated and offered counsel on hundreds of deals over the course of his career, including several high-profile, politically contentious multi-billion-dollar transactions in energy and renewable energy, telecommunications and real estate, and public-private partnerships.
Steve has supported high-profile owners, managers, investors and financiers on a wide variety of matters involving the purchase, sale, financing, operation, expansion and consolidation of businesses, entities and assets. He has helped structure numerous investment vehicles on behalf of institutional funds, sovereign wealth funds, underwriters and principals.
An active participant in political campaigns and philanthropic endeavors, Steve has orchestrated successful advocacy efforts at the state and federal levels, including a recent push to prevent passage of taxes targeting investment firms in states around the country.
A former member of Brownstein’s Executive Committee, Steve is actively involved in a number of industry and advocacy groups. Steve is a national board member of the American Israel Public Affairs Committee (AIPAC), and has been involved in pro-Israel activism and political engagement around the country for decades.
Steve represented the firm as a founding member of the Colorado Cleantech Industry Association (CCIA). One of only four cleantech business associations in the country, CCIA was created to promote Colorado as a cleantech leader. He is also a member of the Leaders Council that provides high-level governance and strategic direction to the University of Colorado at Boulder Renewable and Sustainable Energy Institute (RASEI), a joint institute with the National Renewable Energy Laboratory. As a leader in these organizations, Steve has provided counsel on business strategies as well as advocacy and public policy efforts at the federal, state and local levels.
Some recent examples of his practice include:
- In the energy industry, Steve served as outside general counsel in the development of a $1.2 billion liquefied natural gas receiving and re-gasification facility on the Gulf Coast of Texas, including all financings and contractual and organizational matters, and is now outside general counsel on its $14 billion conversion to a liquefaction and export facility.
- In real estate, Steve has counseled on the acquisition, development, financing and disposition of more than $7 billion of real estate and real estate-related operating companies, including serving in the leading role in the $2.0 billion sale of a portfolio of properties in Mexico.
- In telecommunications, Steve has provided counsel for the leasing, build-out and disposition of over 2 million square feet of data center (complex Web hosting) space.
- In the public-private arena, Steve was special counsel to the Fitzsimons Redevelopment Authority on its $4.3 billion, state-of-the-art biosciences center being built on approximately 200 acres of the former Fitzsimons Army Medical center site.
From 1991 to 1995, Steve left the firm to become the chief operating officer of a privately-held, Denver-based telecommunications company. As COO, Steve had primary responsibility for all operations, including law, finance, human resources, information systems, facilities and administration. He was also the principal strategist for the company's successful sale to MCI Telecommunications Corporation. After the sale, Steve rejoined the Brownstein team and resumed his work with complex corporate and real estate transactions.