Craig Solomon Ganz is a strategic adviser and litigator who operates in the high-stakes intersection of real estate, finance, and insolvency law. Based in Ballard Spahr’s Los Angeles and Phoenix offices, Craig serves as Co-Leader of the firm’s Non-Bank Lending Team. His practice is national in scope, representing a sophisticated and high-profile roster of clients—including publicly traded Real Estate Investment Trusts (REITs), prominent balance sheet lenders, private equity groups, global hotel chains, and private credit lenders—in complex commercial disputes and multimillion-dollar transactions. A respected thought leader, Craig is frequently quoted in national publications and called upon to lecture and speak at leading industry conferences and top tier universities on emerging trends in real estate and finance law. Known for his ability to engineer creative solutions in both distressed and organic markets, he is the dual-threat counselor dealmakers seek out to protect client interests throughout the entire asset lifecycle, providing comprehensive guidance for both performing and non-performing assets.
Widely recognized as one of the top REIT legal advisers in the country, Craig is a trusted counselor to many of the nation’s largest publicly traded and private REITs. His practice is distinguished by an unparalleled understanding of the unique operational and regulatory issues governing the REIT space. He is the architect behind national portfolio-wide risk mitigation protocols, implementing sophisticated strategies for lease enforcement, tenant workouts, and insolvency contingency planning that safeguard and preserve asset value. Craig sources and leads the execution of strategic acquisitions and dispositions, often involving specialized commercial portfolios, and is a premier authority on "special situations" and Section 363 bankruptcy asset sales. His deep experience in navigating REIT-owned properties through complex restructurings and bankruptcy proceedings ensures that even the most distressed assets are positioned for recovery.
Services
- Litigation
- Commercial Litigation and Dispute Resolution
- Bankruptcy, Creditors' Rights, and Restructuring
- Securities Enforcement and Corporate Governance Litigation
- REITs
- Real Estate and Construction Litigation
- Distressed Real Estate
- Distressed Office Buildings
- Distressed Assets and Opportunities
- Banking and Financial Services
- Western Finance and Real Estate
- Real Estate Private Credit and High-Yield
- Sports and Entertainment
Representative Experience
Representative Matters
- In 2024, Craig and his teammates were responsible for over $1.3B in real estate and finance transactions, including net-lease acquisitions/dispositions, note-on-note deals, structured financings, note sales, and bond refinancing's.
- In 2022, Craig and his team again assisted on the closing of over $2B in various real estate and finance related transactions for numerous REIT and lending clients.
- In 2022, Craig represented a publicly traded REIT accused of multiple wrongdoings, including an allegation of fraud on the closing of a real estate transaction. Craig and his team reduced the causes of action through a motion to dismiss, and succeeded on several motions for summary judgment resulting in a complete dismissal of the case and an award of fees and costs. Craig and his team then prevailed in the appellate phase, along with an award of fees and costs.
Professional Highlights
Professional Activities
American Bankruptcy Institute
International Council of Shopping Centers (ICSC)
National Association of Real Estate Investment Trusts (NAREIT)
Recognition & Accomplishments
The Legal 500 US, Real Estate–Real estate investment trusts (REITs), 2018-2023
The Best Lawyers in America, Real Estate Law (Phoenix) 2017-2026; Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law (Phoenix), 2025, 2026; Litigation - Bankruptcy (Phoenix), 2025, 2026
Named by IFLR 1000, "Rising Star—Arizona" 2018, 2019; "Highly Regarded—Arizona," 2020-2025 for Restructuring and Insolvency
The Legal 500 City Elite, Banking and Finance (Los Angeles), 2026
Speaking Engagements
Panelist, "A New Market of Distressed CRE," Georgetown University School of Continuing Studies, April 16, 2025
"Ethical Issues in Bankruptcy," Arizona State University, Sandra Day O'Connor College of Law, March 5, 2020
Guest, "Retail Market Update, Trends, and Strategies," America's Commercial Real Estate Show podcast, May 1, 2019
Board Memberships & Community Service
Arizona Foundation for Legal Services, Governmental Relations Committee, past Board Member (2005-2007)
Publications
Co-author, "Ninth Circuit Finds that 1111(b) Deemed-Recourse Rights Do Not Survive Foreclosure of Underlying Property," The Bankruptcy Strategist, July 2017
Co-author, "Landlords, Beware! When Does the § 502(b)(6) Calculation Start?" American Bankruptcy Institute Journal, August 2016
Co-author, "Beware of Fed. R. Bankr. P. 7008: Seeking Attorneys’ Fees in Adversary Proceedings," American Bankruptcy Institute Journal, March 2013
Related Insights
Credentials
Education
Southwestern Law School (J.D. 2001)
Trial Advocacy Honors Program
University of Arizona (B.A. 1997)
Admissions
Arizona
California
Texas