Clear Results
In re Urban Commons 2 West LLC (Bankr. SDNY)
Representing secured and DIP lenders in the bankruptcy of real estate developer and hotelier, Urban Commons 2 West LLC and certain affiliates (“Urban Commons”), which defaulted on hotel loans during the COVID-19 pandemic and filed for...
BHI Sale of $80 Million Loan Secured by NYC Hotel
Represented BHI in the sale of its $80 million loan secured by a New York City hotel to an investor group headed by an Israel-based private equity firm. In connection with the sale, BHI provided the firm with $57 million in note on note financing.
Condominium Board – Construction Defect Claims
Representing a condominium board with respect to construction defect claims against sponsor and principals. The case is Board of Managers of 252 Condominium v. World-Wide Holdings Corp., et al. (N.Y. Sup. Ct.).
Represent the Pac-12 Conference in Insurance Dispute
Represent the Pac-12 Conference in an insurance dispute in connection with a charge brought by the National College Players Association claiming that the Pac-12 Conference and the USC are violating the National Labor Relations Act by refusing...
“Penn South” Mutual Redevelopment Houses – Ground Lease
Represented Mutual Redevelopment Houses, also known as Penn South, in the 99-year ground lease with MAG Partners. Penn South is a 10-building Mitchell-Lama housing cooperative in the Chelsea neighborhood of Manhattan that sprawls from West 23rd to...
Property Markets Group – Gowanus Redevelopment, Brooklyn
Representing Property Markets Group (PMG) regarding New York City’s rezoning study for the Gowanus Canal area. Herrick successfully completed a year-long review process at the New York City Planning Department to "certify" the...
Professional Golf Tour – Advised on Spectrum of Matters
Counseled LIV Golf, a professional golf tour whose mission is to modernize the game of professional golf through expanded opportunities for players and fans, on a spectrum of issues including general employment matters, ticketing issues,...
Sale of Hyatt Hotel in Jersey City, NJ
Represented Veris Residential, Inc. in the sale of the Hyatt Hotel located in Jersey City, NJ to a joint venture between affiliates of Taconic Capital Advisors LP and HEI Hotels & Resorts.
Kriss Capital – $37 Million Construction Loan
Represented Kriss Capital LLC on a $37 million construction loan secured by property located at 4560 Broadway. The Herrick team also represented Kriss Capital in connection with the syndication of the loan with Valley National Bank and LibreMax.
Office Building Acquisition – Queens, NY
Represented an investor in the acquisition of a 35,000-square-foot office building in Forest Hills. The transaction included a Purchase and Sale Agreement; an acquisition loan; an LLC agreement; multiple estoppels and SNDAs; the refinancing of...
Internal Restructuring of Real Estate Family Office
Represented clients in internal restructuring of real estate family office restricting and facilitating entity simplification plan to implement client desired future business goals, involving more than 80 entities.