Real Estate
-
Real Estate Matters
Acquisitions and Sales/Leasing and SubLeasing
- Rendered continuing assistance to a national theater group over disputes involving ownership and shared-usage of a Harlem theater property and advised on possible redevelopment for the benefit of the theater
- Represented a leading Japanese clothing retailer, and its U.S. subsidiary, in negotiating of its leases for retail and office space in the New York area, including its flagship store in SoHo
- Advised a private foundation in the purchase of the former headquarters of the American Jewish Congress, a former six-story, landmarked Manhattan town house
- Represented a NASDAQ-listed company in the purchase of a $13 million manufacturing facility
- Represented a group of family members selling their interests in a block of New York real estate held through joint tenancies and recently converted S corporations
Real Estate Development
- Represented a real estate development company in converting and offering for sale of a 28 unit residential condo in a landmarked building on Manhattan’s Upper West Side
- Ongoing representation of a developer in connection with 11 different senior housing developments, ranging in size from $15 million to $40 million
- Acted as counsel for a developer in 3 different hotels projects, including “mixed-use” projects, including the proposed $170M acquisition of a signature Manhattan landmark tower for “mixed use” hotel/condo development
Tax Programs
- Closed and acquired title to the John Jacob Astor Suite at the Plaza Condominium Residences for a client as “replacement property” in an IRS section 1031 tax deferred, like-kind exchange, with continued assistance to design professional during renovation
- Provided counsel in $15 million IRS section 1031 “improvement-exchange” or tax deferred exchange relating to the sale of a commercial factory, where part of the proceeds were “parked” with the qualified intermediary and used to cover improvements to the real property
- Represented and structured an IRS 1031 tax-deferred exchange of an artist’s Tribeca loft for a Harlem Striver’s Row townhouse
- Ongoing representation of a developer in connection with 6 different historic tax credit transactions, ranging in size from $20 million to $100 million
Workouts
- Represented lenders and borrowers on the restructuring of troubled loans, including use of “deed-in-lieu-of-foreclosure” transactions to permit redevelopment of a commercial office building and a new construction senior housing facility