Tina R. Makoulian


Tel 215.864.8713
Fax 215.864.8999

Tina R. Makoulian is the Practice Leader of Ballard Spahr's Real Estate Development and Transactions Group. She concentrates on complex real estate development, acquisition and disposition of commercial properties and commercial leasing.

Tina represents owners and developers of all property types. She has extensive experience with office, retail, and industrial leasing, on both the landlord and the tenant side. She frequently handles portfolio acquisitions and dispositions of stabilized assets, particularly in the office and multifamily areas. Her clients have included shopping center REITs, office REITs, real estate investment fund managers, manufacturing companies, national retailers, and developers of a variety of projects, including mixed-use projects and transit-oriented projects.

Professional Activities

American College of Real Estate Lawyers (ACREL), Fellow

Commercial Real Estate Women (CREW), Philadelphia Chapter, Past President

Pennsylvania Bar Association

Pennsylvania Bar Institute, Real Estate Institute Planning Team

Recognition & Accomplishments

Chambers USA, real estate law (Pennsylvania), 2006-2020

The Legal 500 US, real estate and construction - real estate, 2017-2020

The Best Lawyers in America, real estate law, 2009-2017, 2019-2021; "Lawyer of the Year," real estate (Philadelphia), 2021

Honored by Philly Power Women as a Leader in Commercial Real Estate, 2019

Speaking Engagements

Tina frequently lectures on real estate issues and trends. She has given numerous presentations over the years to many groups, including the Pennsylvania Bar Institute, ACREL, the American Law Institute-American Bar Association, and CREW, in addition to in-house programs at the firm and for clients.

Community Activities

Armenian Martyrs' Congregational Church, Endowment Fund Committee; Trustee Chair; Nominating Committee

Board Memberships

ACREL, Board of Governors and Executive Committee

Armenian Missionary Association of America, past board member

Community Design Collaborative, past board member

CREW Philadelphia, past board member

National CREW Network, past board member

Villanova University School of Law (J.D., cum laude, 1993)
Member, Villanova Law Review
Order of the Coif

University of Pennsylvania (B.A. 1990)