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retail: matters
Summary Professionals Matters News Events Publications
3/13/2013
Gulaylar Group - Acquisition of Three-Story Retail Condo at Extell's International Gem Tower
Representation of Gulaylar Group, in connection with its purchase of a jewelry exchange in the heart of New York City's Diamond District.  Istanbul-based Gulaylar Group, is one of Turkey's leading jewelry companies with headquarters located in Turkey's commercial gold center. The Gulaylar Group plans to leverage its retail development expertise to create a world-class jewelry exchange in New York City.
2012
Real Estate Developer - Large Retail Shopping Center
Representing a real estate developer in connection with the development of a large shopping center complex in New York City.  Our work includes a significant Uniform Land Use Review Process application involving zoning changes, street mappings, special permits, government relations activities and an environmental impact statement.
2009
Ultra Stores - Successful Chapter 11 Plan
Representation of Ultra Stores—a 200-store jewelry chain—in its recapitalization through an expedited Chapter 11 plan, guiding the company from filing to confirmation in less than four months. We negotiated first lien emergence financing with an institutional lender and a debt-for-equity swap with the second lien lender and the trade creditors. At the same time, management was able to retain 26% ownership in the company.
2009
Costume Jewelry Manufacturer - Copyright Infringement
Representation of a major costume jewelry manufacturer in defending claims for copyright infringement and misappropriation of trade secrets (SDNY).
2009
Private Equity Fund - Luxury Fashion Investment
Representation of a private equity fund in its investment in a manufacturer and distributor of high-end fashion handbags and accessories.
2009
Kushner Companies – 666 Fifth Avenue Condominium Conversion
We represented an affiliate of the Kushner Companies in the conversion of 666 Fifth Avenue to two condominium units – one mixed office/retail, and one retail.  The conversion was the first step in a larger transaction involving the contribution of the $525 million retail condo unit to a joint venture between Kushner Companies, the Carlyle Group and Crown Acquisitions.  We helped negotiate the condominium declaration and bylaws between the joint venture partners, and between them and the existing lender, the mortgage loan's main servicer, and new lenders providing financing for the retail unit.   
2008
Louis Vuitton/LVMH - New York Counsel
New York counsel to Louis Vuitton and LVMH in connection with their New York real estate transactions.
Ongoing
Cookie's Department Stores - Litigation Counsel
Representation of New York's largest retailer of children's clothing in all of its litigation needs.
2008
Money Center Bank - $25 Million Facility
Representation of a money center bank in a $25 million asset-based senior secured revolving credit facility of a specialty apparel retailer and distributor.
2008
Lightstone Group - Prime Outlets Center Refinance
Representation of the Lightstone Group in an $80 million refinancing of a Prime Outlets center in Puerto Rico. The loan includes funds for expansion of the center.
2007
Lightstone Group - Shopping Center Finance
Representation of the Lightstone Group in an almost $58 million acquisition and construction loan for a shopping center development adjacent to a Prime Outlets center in Williamsburg, VA.
2007
Commercial Bank - New Markets Tax Credit Financing
Representation of a commercial bank in connection with a New Markets Tax Credit financing arrangement under the New Markets Tax Credits Program authorized by the Community Renewal Tax Relief Act of 2000. The bank made a term loan to and an equity investment in, an SPV, which used the proceeds to make an equity investment in a "community development entity" ("CDE"). The CDE then made a loan to, and an equity investment in, a "qualified active low income community business." The business used the proceeds of the loan to acquire and develop property at 126th Street and Lexington Avenue, Manhattan.
2007
Luxury Candy Retailer - Co-Branding and Supply Agreement
Representation of a well-known New York City candy retailer in negotiating an exclusive co-branding and supply agreement with a famous contemporary clothing company.
2007
Prime Outlets - Retail Center Refinancings
Representation of the Prime Outlets Company in refinancing several outlet retail centers throughout the U.S.
2007
Plainfield Asset Management - Asprey
Representation of Plainfield Asset Management LLC in a joint venture that acquired the luxury retailer Asprey through an equity investment and concurrent senior and senior subordinated debt facilities.
2006
Independent Directors - Asset Sale
Representation of the special committee of independent directors in connection with the sale of the publicly held Pharmhouse deep discount store chain to Pharmor.
2006
Stillwater Capital - Acquisition
Representation of Stillwater Capital and its joint venture partners in the acquisition of a shopping center.
2004
Lightstone Group - Shopping Center Acquisition
Representation of the Lightstone Group in connection with the acquisition of six retail shopping centers in five states. We also advised Lightstone on the financing of the acquisition.
2002
Kaufman & Fisher Wish Company, Ltd., v. F.A.O. Schwarz
Successful defense of trade dress claims involving plush dolls. Kaufman & Fisher Wish Company, Ltd., v. F.A.O. Schwarz, 184 F.Supp.2d 311 (S.D.N.Y. 2002), aff`d, (2d Cir. order, Oct. 31, 2002)
2001
FAO Schwarz - Sweepstakes
Representation of FAO Schwarz in a co-branded sweepstakes with a major vehicles supplier.
1999
Sporting Goods Chain - Financing
Counsel to a large retail sporting goods chain in its long term and working capital financing facility with several money center financial institutions.