Craig Solomon Ganz

Partner
Los Angeles
Phoenix

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.

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

Credentials 

Education

Southwestern Law School (J.D. 2001)
Trial Advocacy Honors Program

University of Arizona (B.A. 1997)

Admissions

Arizona

California

Texas