FBE Limited – Brooklyn Acquisition, Including Marina
Represented FBE Limited in connection with the acquisition of waterfront property including a marina located in Brooklyn, New York for $57.5 million and with the related financing.
Matters
Crescent Sky Capital – $10 Million Apartment Complex Acquisition
Represented Crescent Sky Capital LLC in connection with the $10 million acquisition of the Castle Apartments complex in Tallahassee, Florida from Capital Quad, Inc. and on the related acquisition loan.
DH Property Holdings – Philadelphia Industrial Property Acquisition
Represented DH Property Holdings in connection with a $7.1 million purchase of an industrial property located at 8401 Escort Street, Philadelphia, PA, which is adjacent to Philadelphia International Airport. The acquisition involved a joint venture with AIG Global Real Estate Investment Corp. and was financed by Ready Capital Commercial.
DH Property – Brooklyn Warehouse Sale to Prologis
Represented DH Property Holdings in the acquisition, financing negotiations and ultimate $60 million sale of the purchase contract for a two-acre warehouse site at 150 East 52nd Street in Brooklyn, NY to the mammoth warehouse landlord, Prologis.
MAXX Properties Affiliates – $116 Million Colorado Multifamily Portfolio Refinancing
Represented affiliates of MAXX Properties in their $116 million refinancing of a portfolio of six multifamily properties located in Colorado. The refinancing was insured by the U.S. Department of Housing and Urban Development.
DH Property Holdings and FBE Limited Affiliates – $151.5 Million Ten-Property Portfolio Acquisition
Represented affiliates of DH Property Holdings and FBE Limited LLC in the $151.5 million acquisition of a ten-property multifamily and office property portfolio from affiliates of the Braun Family, and the flip of parts of the portfolio to other investors.
Joint Venture – $68 Million Woolworth Building Condo Conversion and Sale
Represented a joint venture between Cammeby's International and The Witkoff Group in the conversion of the iconic Woolworth Building's top 30 floors to a condominium unit, and the $68 million sale of the unit to Alchemy Properties.
Amity Education Group – Acquisition of St. John’s University Campus
Represented India-based Amity Education Group, a nonprofit international education group, in the $22.4 million purchase of the St. John’s University 170-acre waterfront campus located in Oakdale, Long Island.
Acquisition & Financing of Multifamily Property – Gainsville, FL
Represented a developer in connection with the acquisition of multifamily property located in Gainesville, Florida and with the related financing.
Criterion Group – Long Island City Acquisition
Represented Criterion Group in the purchase of two parcels just north of Queensboro Plaza between 22nd and 23rd streets for $79.95 million.
Continental Ventures – Upper East Side Joint Venture
Represented Continental Ventures in a joint venture transaction involving the acquisition, financing and development of a luxury mixed-use project on the Upper East Side of Manhattan.
Centennial Bank – $75 Million Multi-Property Mortgage Loan
Represented Centennial Bank in a $75 million financing secured by mortgages on eight properties in Brooklyn and Queens.
Commercial Bank – $65 Million Mortgage Financing
Represented a bank in a $65 million mortgage financing, and a related multi-million mortgage financing to affiliates of a film and television production studio.
Schron and Fruchthandler Families – $161 Million Brooklyn Warehouse Sale
Represented an entity owned by the Schron and Fruchthandler families in the $161 million sale of 9-47 Hall Street, a warehouse building near Brooklyn's Navy Yard.
Real Estate Hotel Owner – $70 Million Sale of the Milburn Hotel
Represented the seller of the Milburn Hotel in a $70 million transaction lasting over a year with complicated issuers with multiple buyers. In addition to the real estate transaction, this sale involved complex tax structuring and defeasance issues.