Real Estate
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The Firm's Real Estate Group handles virtually all elements of modern commercial real estate transactions, with a primary focus on representing owners and developers of real estate. Each member of the team strives to deliver effective, on-point legal service while keeping in clear view the client's business objectives and need for responsiveness.
Representative Transactions
Last year our firm closed on the acquisition or disposition of 24 buildings having an aggregate value of $1.5 billion including the following:
Acquisition of a 750,000 square foot hotel in New York, NY
Acquisition of a 475,000 square foot office building in Riyadh, KSA
Acquisition of a 725,000 square foot office project in Cairo, Egypt
Acquisition of a 350,000 square foot office project in Riyadh, KSA
Sale of a three-property 1,000,000+ square foot office/mixed-use portfolio in New York, NY
Acquisition of a 250,000 square foot office building in Riyadh, KSA
Acquisition of a 275,000 square foot office tower in Dubai, UAE
Sale of a three-building office project in New York, NY
Acquisition of a six-building office project in Moscow, Russia
Sale of a 425,000 square foot office tower in Las Vegas, NV
Acquisition of a 630,000 square foot office project in London, UK
Acquisition of a 245,000 square foot office project in Dubai, UAE
Sale of a two-building 1,000,000 square foot office project in Sao Paulo, Brazil
Acquisition of a 256,000 square foot office building in Riyadh, KSA
Lending
Our lending clients turn to the firm for assistance in developing and implementing loan programs and products that obtain the highest return consistent with their appetite for risk. As our lawyers have experience with the practical realities of foreclosing on collateral, we have been able to create and consummate office building, retail, hotel, residential and industrial secured loans that grant our clients greater flexibility than is traditionally prescribed by their underwriting procedures. We also have assisted a financing subsidiary of one of our banking clients to branch out into jurisdictions outside the State of New York and, in consultation with local counsel, we have developed commercial loan documentation for use in these other jurisdictions. Our lending experience affords our group valuable insights when we represent borrowers. Our borrower and developer clients call upon us to provide assistance in a variety of loan transactions, including acquisition, mezzanine and preferred equity financings, construction loans, permanent loans and refinancings, and private placements. We are actively representing both buyers and sellers of notes secured by all asset classes of real estate.
Workouts, Restructurings and Bankruptcy
Our real estate practice focuses on complex and highly structured financing transactions not only in the New York area but also nationally. The Real Estate group, frequently working with its restructuring and bankruptcy department, advises clients in the restructuring and disposition of distressed real estate, both in and out of the courtroom. Clients regularly rely upon our team for its experience and ability to generate creative solutions to a wide range of real estate workout situations. We have decades of experience and we have advised clients in all points of the business and real estate cycle. We understand transactions from an entrepreneur’s perspective and from the perspective of the lenders. Members of the department have extensive experience with the concerns unique to owners and developers of real estate, large financial institutions, private equity and hedge fund investors and lenders, and government agencies. We regularly advise owners and developers, financial institutions, hedge funds and lenders, including insurance companies, in restructuring their investments in troubled real estate. Financial institutions often select us, as opposed to their original counsel, to offer a fresh perspective on reorganization alternatives. We provide clients with sound legal advice and invaluable guidance in navigating the bankruptcy process. We currently represent the acquirer of a prime midtown hotel, who purchased the secured debt of the related property and converted the debt into cash and equity. We have also represented numerous creditors’ committees and other creditors in complex and contested bankruptcies involving real estate assets.
Representative Transactions
Last year our firm closed on the acquisition or disposition of 24 buildings having an aggregate value of $1.5 billion including the following:
Acquisition of a 750,000 square foot hotel in New York, NY
Acquisition of a 475,000 square foot office building in Riyadh, KSA
Acquisition of a 725,000 square foot office project in Cairo, Egypt
Acquisition of a 350,000 square foot office project in Riyadh, KSA
Sale of a three-property 1,000,000+ square foot office/mixed-use portfolio in New York, NY
Acquisition of a 250,000 square foot office building in Riyadh, KSA
Acquisition of a 275,000 square foot office tower in Dubai, UAE
Sale of a three-building office project in New York, NY
Acquisition of a six-building office project in Moscow, Russia
Sale of a 425,000 square foot office tower in Las Vegas, NV
Acquisition of a 630,000 square foot office project in London, UK
Acquisition of a 245,000 square foot office project in Dubai, UAE
Sale of a two-building 1,000,000 square foot office project in Sao Paulo, Brazil
Acquisition of a 256,000 square foot office building in Riyadh, KSA
Lending
Our lending clients turn to the firm for assistance in developing and implementing loan programs and products that obtain the highest return consistent with their appetite for risk. As our lawyers have experience with the practical realities of foreclosing on collateral, we have been able to create and consummate office building, retail, hotel, residential and industrial secured loans that grant our clients greater flexibility than is traditionally prescribed by their underwriting procedures. We also have assisted a financing subsidiary of one of our banking clients to branch out into jurisdictions outside the State of New York and, in consultation with local counsel, we have developed commercial loan documentation for use in these other jurisdictions. Our lending experience affords our group valuable insights when we represent borrowers. Our borrower and developer clients call upon us to provide assistance in a variety of loan transactions, including acquisition, mezzanine and preferred equity financings, construction loans, permanent loans and refinancings, and private placements. We are actively representing both buyers and sellers of notes secured by all asset classes of real estate.
Workouts, Restructurings and Bankruptcy
Our real estate practice focuses on complex and highly structured financing transactions not only in the New York area but also nationally. The Real Estate group, frequently working with its restructuring and bankruptcy department, advises clients in the restructuring and disposition of distressed real estate, both in and out of the courtroom. Clients regularly rely upon our team for its experience and ability to generate creative solutions to a wide range of real estate workout situations. We have decades of experience and we have advised clients in all points of the business and real estate cycle. We understand transactions from an entrepreneur’s perspective and from the perspective of the lenders. Members of the department have extensive experience with the concerns unique to owners and developers of real estate, large financial institutions, private equity and hedge fund investors and lenders, and government agencies. We regularly advise owners and developers, financial institutions, hedge funds and lenders, including insurance companies, in restructuring their investments in troubled real estate. Financial institutions often select us, as opposed to their original counsel, to offer a fresh perspective on reorganization alternatives. We provide clients with sound legal advice and invaluable guidance in navigating the bankruptcy process. We currently represent the acquirer of a prime midtown hotel, who purchased the secured debt of the related property and converted the debt into cash and equity. We have also represented numerous creditors’ committees and other creditors in complex and contested bankruptcies involving real estate assets.
