Representative Matters
ACQUISITIONS & DIVESTITURES
- Acquisition of 60 Wall Street, a 1,600,000 square foot office tower followed by its sale leaseback (which was then the largest single building sale in lower Manhattan history)
- The buy-out of the other partners and the sale by the general partner of a 30-story multi-tenant office tower in the Rockefeller Center area in New York City
- Sale of 130 Liberty Street (a 50-story office building, environmentally compromised by the events of September 11, 2001) to the development authority in-lieu-of eminent domain
- The tax-free exchange of various interests in 280 Park Avenue in New York City and the purchase of the land under the building to consolidate ownership in the tenant, followed by its sale and leaseback
- The arbitration proceedings for the valuation of the remaining interests at 280 Park Avenue and settlement agreements to provide for the acquisition thereof
- Purchase and financing of loft and commercial buildings in lower Manhattan for conversion to residential
- The land acquisition and development of 1,000 townhouse apartments for lease by the U.S. Navy as family housing
- Acquisition of disaster recovery data center site
- Acquisition of two apartment projects in Illinois for a public pension fund purchase price of approximately $58,000,000 and assumption of the existing loans encumbering the two properties
- Represented private pension fund in acquiring an apartment project in Illinois for approximately $87,000,000 and obtaining approximately a $61,000,000 loan
- Acquisition of an apartment project in Virginia for a public pension fund for approximately $69,000,000 and adding the property to an existing approximately $200,000,000 loan portfolio
- Acquisition of an apartment project in Florida for a public pension fund for approximately $136,000,000
LEASING TRANSACTIONS
- Retail and office leases such as for 400,000 square feet plus expansion options at 53rd Street and Avenue of the Americas, New York City
- 500,000 square foot lease of entire building and 250,000 square foot lease, each on the waterfront in New Jersey
- Numerous leases at 31 West 52nd Street, 280 Park Avenue and 130 Liberty Street, New York City
- Various sublettings representing sublessor, especially in corporate contractions including 150,000 and 100,000 square foot transactions
- Numerous sublettings representing sublessee, particularly representing tenants affected by the events of September 11, 2001
- Lease dispositions, such as surrender, "take back sublease" to owner, tri-party sublease and direct lease on long term basis between owner and sublessee
- Takeover of 200,000 square foot lease at 200 Park Avenue and disposition through sublet and surrender
- Consolidation of broker-dealer in Miami into 120,000 square foot lease in a “to-be-built” building
- Data center leases (including focus on infrastructure, emergency power and maintenance protocols)
FINANCING TRANSACTIONS
- Permanent refinancing of the multi-tenanted portion of a newly-constructed Times Square office building developed as a commercial condominium for the headquarters of a major newspaper publisher
- Term financings for major CBD office properties, including Exchange Place in Boston and 320 Park Avenue in New York City
- Acquisition and construction financing of major office buildings in New York City, such as Financial Square, a 1,000,000 square foot project in lower Manhattan, and two of the office towers and the "Winter Garden" developed in Battery Park City
- $97 million financing securitized with government lease obligations through a public issue of participation certificates rated by the rating agencies
- REIT revolving credit financings cross-collateralized by fee, leasehold, partnership and mortgage interests; revolving line of credit to major REIT umbrella partnership
- Numerous hotel financings such as the Ramada Tropicana Hotel, Atlantic City; Back Bay Hilton, Boston; and the resort assets held by Winthrop Properties on Nantucket Island
- $456 million multi-bank credit facility to a publicly-owned partnership formed by Marriott for "off-balance sheet" financing of various hotel facilities throughout the country
- Credit enhanced in tax exempt financings for construction of $68 million multi-family residential property in New York City, various industrial development revenue bonds and water treatment plant in Arizona
- Private REIT refinancing of its 13 apartment projects in 9 states for approximately $400,000,000
- $200,000,000 loan for a public pension fund which was secured by the pledged stock of the borrower in 22 single purpose entities
- Refinancing of real property comprised of a multifamily apartment project and a marina for approximately $95,000,000
RESTRUCTURING & INSOLVENCY TRANSACTIONS
- Restructuring of $300 million of mortgage loans in six states, some syndicated, as part of a billion dollar multi-lender global restructuring of a subscription fund
- Modification and extension of an existing $150 million facility secured by a New York City office building in connection with the foreclosure of the mezzanine debt
- Extension of $100 million dollar participated mezzanine loan on behalf of senior participant in respect of three portfolios of multi-family properties
- Representation of senior participant in connection with proposed sale of its interest in a $200 million facility secured by seven office buildings
- Restructuring of $25 million debt secured by net leased properties in three states
- Consensual foreclosure of $20 million financing secured by Dallas, Texas office building
- Restructuring of letters of credit and conventional debt on various hotel properties, including two airport Holiday Inn hotels
- Restructuring of loans secured by fees, leaseholds and partnership interests in joint ventures with IBM for major office building and mixed-use projects in Virginia and Maryland
- Representation of the creditors committee in the Chapter 11 case of a developer of retirement and elder care facilities, after which the creditors represented by the committee took control of the company
CONSTRUCTION TRANSACTIONS
- Representation of a major contractor in all aspects of its business, with special emphasis on construction and architectural agreements and the legal issues associated with renovation projects
- Renovation of building to communications switch center
- Negotiation of design and construction agreements for commercial and residential buildings and facilities for not-for-profit institutions
- Representation of owner in a contractor bankruptcy and resolution of numerous subcontractor claims and mechanic’s liens
- Representation of owner in development of large mixed use projects in New York
- Representation of tenants in construction of office and retail spaces in first class buildings

