Matters

Rabina Properties – 520 Fifth Avenue Development

Represented Rabina Properties in the acquisition, financing, joint venture, restructuring and recapitalization of the vacant development parcel located at 520 Fifth Avenue in Manhattan. The development is initially projected to include an 800 foot tall tower on the corner of East 43rd Street and Fifth Avenue. 

Common – Real Estate Transactions

Representing Common, a co-living developer and operator with properties in six U.S. cities, in a wide range of real estate transactions. 

Risland U.S. Holdings – $502 Million Construction Loan

Represented a joint venture consisting of Risland U.S. Holdings, LLC (a U.S. subsidiary of a multi-billion dollar publicly traded international developer) and a group of local developers in a $502 million loan for the construction of a new 67-story condominium building in Long Island City. This transaction stands as the largest condo construction loan in Queens and the building, rising to 984 feet with 802 units, will be the tallest building in the borough.

Centennial Bank – Loan to Extell Development for Deer Valley Ski Resort

Represented Centennial Bank in two complex acquisition loans to affiliates of Extell Development Company. Extell, which owned a 40-acre site in Deer Valley, Utah, acquired two parcels of land totaling 2,500+ acres for future development as a hotel/condominium/ski resort.

National Bank – $335.7 Million Mortgage Loan to Connecticut Real Estate Firm

Represented a major national bank in a $335.7 million mortgage loan to a Connecticut based commercial real estate company.

Beijing-Based Developer – $108 Million Construction Loan for Manhattan Gas Station Conversion

Represented the developer in a $108 million construction loan from Bank of the Ozarks for 615 10th Avenue — a former gas station to be converted to a seven-story, mixed-use property.

G4 Capital Partners – $41 Million Brooklyn Condo Development Financing

Represented G4 Capital Partners in a $41 million financing for JDS Development Group’s condominium development at 613 Baltic Street in Park Slope, Brooklyn. 

Centennial Bank – Construction Loan – Denver, Colorado

Represented Centennial Bank in a $62 million construction loan to be used for the development of approximately 141,500 square feet in retail space, 59,700 square feet in commercial space and a 716-space above-ground parking structure located in Denver, Colorado.

Chinese Real Estate Developer – $66 Million Flushing, Queens Parcel Acquisition

Represented a major Chinese real estate developer in its acquisition of a parcel of land in Flushing, Queens for $66 million. The developer plans to build a mixed-use condominium with ground and second-floor retail.

Traders Co. Affiliate – Manhattan Courtyard Marriott Refinancing

Represented an affiliate of Traders Co. in the refinancing of a 273-room Courtyard Marriott from ING Life Insurance and Annuity Company.

Beijing Developer – Manhattan Development Site Acquisition

Represented a Beijing-based developer in the acquisition and financing of a gas station on Manhattan's west side. The developer intends to create a mixed-use building that will include residential condominiums and ground floor retail space.

Doral Bank – Sale of Property Finance Unit

Represented Doral Bank in the sale of the Doral Property Finance Group, including a portfolio of real estate focused loans, to a multi-billion dollar REIT.

Doral Bank – Loan Agreements

Represented Doral Bank in numerous loan participation agreements.

Royalton Capital – Bushwick Property Acquisition and Development

Represented Royalton Capital on the acquisition of a three-acre industrial site in Bushwick, Brooklyn. The deal included the structuring of two joint ventures and financing from AllianceBernstein. Plans are to develop the property into a mixed-use office, retail and restaurant space.

HK Organization – Brooklyn Joint Venture Acquisition, Financing and Disposition

Represented an affiliate of HK Organization in the joint venture with a real estate fund to acquire, finance, refinance and subsequently sell the property known as The Chocolate Factory, a large, historic mixed-use building in Brooklyn with over 100 newly renovated residential units.

Real Estate Developer – Queens Multifamily Developments

Representing a major Queens developer in the acquisition, construction financing, joint venture and development of numerous development sites intended for multifamily use.

Norddeutsche Landesbank Girozentrale – Loan Restructuring

Represented Nord/LB in the restructuring of a land loan secured by a development site in Long Island, New York.

Commercial Bank – $300 Million Refinancing

Represented a major bank in the $300 million refinancing of a portfolio of properties.

Traders Co. Affiliate – Construction Financing and Joint Venture for Midtown Hotel

Represented an affiliate of Traders Co. in the construction financing and joint venture with equity partner for a hotel located in Midtown Manhattan with Bank of Nova Scotia.

Private Equity Fund – Branded Hotel Acquisition

Represented a private equity fund in the acquisition of a hotel in Houston, Texas.

Garrison Special Opportunities Fund – Loan Workout

Represented Garrison Special Opportunities Fund LP in a loan workout of a Manhattan development site.

Garrison Special Opportunities Fund – Loan Acquisition

Represented Garrison Special Opportunities Fund LP in the acquisition from a large investment bank of senior mezzanine and first mortgage loans encumbering a property on Manhattan's Upper West Side. Our work included negotiating financing for the loans with a European bank, and handling the restructure of a junior mezzanine loan, a senior mezzanine loan and a mortgage loan with the owner.

Real Estate Company – Northeast Distributor Leveraged Buyout

Represented a privately held real estate company in a leveraged buyout of the exclusive Northeast U.S. distributor of one of the country’s largest window and door manufacturers, including negotiation of the acquisition financing and the acquisition of real property for its new corporate headquarters.

Real Estate Developer – Hotel Management Agreements

Represented a real estate developer in negotiating hotel management agreements with respect to two properties on Fifth Avenue in Manhattan.

FIT Investment Corporation – Manhattan Building Acquisition and Hotel Development

Represented FIT Investment Corporation in connection with the zoning analysis and acquisition of 45 East 33rd Street in New York City, and its redevelopment of the building into a 93,000 square-foot hotel.

U.S. Investment Bank – $156 Million Hotel Construction Financing

Represented a major U.S. investment bank in a $156 million senior construction financing of a hotel condominium resort in Telluride, Colorado.

Real Estate Investors – Sale of Interest in Fifth Avenue Office Building

Represented real estate investors in the $153 million sale of a beneficial interest in an office building on Fifth Avenue in Manhattan.

Hersha Hospitality Trust – $104 Million Union Square Hotel Acquisition

Represented Hersha Hospitality Trust in connection with its $104 million purchase of the Hyatt Union Square Hotel.

$600 Million Syndicated Revolving Loan Facility Secured by Art

Representation of the private wealth management group of one of the nation's largest financial institutions as one of the lenders in a $600 million syndicated revolving loan facility to a high net worth individual. The loan was secured by the borrower’s extensive art collection and real estate holdings.

Asset Management Company – Acquisition of 370 Columbus Avenue

Represented of a major asset management company in its joint venture purchase, with a real estate investment firm, of 370 Columbus Avenue.

Mine Investment Joint Venture

Represented a New York-based real estate investor in a joint venture with a Florida developer to develop a limestone and lime rock mine.

HQ Global Resources – Nationwide Lease Restructuring

Represented HQ Global Resources in a nationwide restructuring of hundreds of its office suite leases.