Matters

$27 Million Ground Lease Sale

Represented a privately-held real estate holding and property management company on the $27 million sale of the ground lease of a high-rise Manhattan residential building.

Loan Secured by Ground Lease Interest

Represented Essex Capital in an $18.5 million loan made by The Union Labor Life Insurance Company. The loan is secured by a mortgage on borrower’s ground lease interest in a residential building located in Brooklyn.

Lease of Banquet Facility by Cipriani

Represented Cipriani in the leasing of its banquet facility at 25 Broadway.

Acquisition of Belmont Park’s Ruffian Equine Center

Represented Racebook Capital Partners in the acquisition of the Ruffian Equine Center at Belmont Park, and the leasing of the facility to Cornell University.

Avant Capital Partners Real Estate Financings

Represented Avant Capital Partners in connection with more than 15 loans made through its ongoing lending program. These loans varied in amounts between five and ten million dollars, and were secured by all types of real estate assets.

Joint Venture Acquisition of Hotel Assets and Properties

Represented an affiliate of the Bauhouse Group in a joint venture acquisition from affiliates of Lehman Brothers Holdings Inc. of the assets and business of NYLO Hotels LLC; and three NYLO Hotel properties located in Texas and Rhode Island.

Harlem Multifamily Construction Financing

Represented HAP Investments LLC in a $6.2 million construction financing from UC Funds, LLC for the development of a 20-unit multifamily property in East Harlem.

AEW – 175 Varick Street Leasehold Interest Sale

Represented AEW Capital Management in the sale of its leasehold interest in 175 Varick Street to an affiliate of Tishman Speyer.

Sale of Rights to Construct 40 Manhattan Condo Units

Represented Oases Real Estate in the sale of its right to construct 40 condominium units over a working post office on the west side of Manhattan.

$38 Million Brooklyn Construction Loan

Represented 237 Duffield Street LLC in a $38 million construction loan made by Principal Life Insurance Company.

Acquisition of 58th Street Assemblage

Represented an affiliate of the Bauhouse Group on the acquisition of an assemblage of land, development rights and inclusionary certificates. The site is proposed for residential development, with Bauhouse having hired Norman Foster to design an approximately 292,000 square foot building that will have 95 residential condominiums.