Developer Agreements for Multifamily Rental Building
Representation of a developer in connection with negotiating the acquisition, bridge financing, and joint venture agreements for the conversion of an office property in downtown Stamford, CT into a $90M multifamily rental building.
$270M Acquisition and $245M Financing for Office Building
Representation of a borrower in connection with the $270M acquisition of a ground lease, as well as the $245M financing for an office building in midtown Manhattan.
Conversion of Hotel Into Commercial Condominium
Representation of a purchaser in connection with the conversion of a midtown Manhattan hotel into a commercial condominium for hotel, timeshare and food and beverage use to facilitate a $160M acquisition by a national timeshare operator. Drafted and negotiated Declaration of Condominium.
Joint Venture Agreement to Acquire $100M Condominium
Representation of a developer in connection with a joint venture agreement to acquire a $100M condominium in Manhattan’s Gramercy neighborhood.
Disposition of $55.5M 56 Unit Multifamily Rental Property
Representation of the seller of a 56 unit multifamily rental property in Manhattan’s Gramercy neighborhood at the purchase price of $55.5M.
$37.6M Joint Venture to Acquire and Finance Multifamily Rental Property
Representation of an institutional investor in a joint venture to acquire and finance a 286 unit multifamily rental property in Washington State for $37.6M.
$43M Construction Loan for Condominium Conversion
Representation of a developer in negotiation of $43M construction loan for condominium conversion in Brooklyn Heights.
Formation of Commercial Condominium
Representation of a landlord in formation of commercial condominium of a major NY office building adjacent to Bryant Park.
Acquisition and Negotiation of Easements for $200M Multifamily Development
Representation of a national developer in acquisition of and negotiation of easements for a $200M multifamily development in Emeryville, CA.
AXA IM Alts and its Affiliates in one of the Largest Industrial Portfolio Acquisitions of 2020
Representation of AXA IM Alts and its affiliates in one of the largest industrial portfolio acquisitions of 2020. The portfolio consists of 27 assets in Chicago, Houston, Los Angeles, Central New Jersey, Dallas, South Florida, Southern New Jersey and Atlanta. In a significant step in its strategy to grow a U.S. wide logistics platform, AXA IM Alts, on behalf of clients and through a joint venture with Cabot Properties, Inc., acquired the 7,984,000 s/f portfolio for approximately $875 million, through a share purchase of a REIT previously managed by Cabot Properties. Representation included all matters related to property diligence, structuring, joint venture, purchase, financing, tax and environmental considerations of the property, including tax and structuring issues relating to cross-border investments.
Successful $425 million refinancing of One Times Square in New York City
Representation of Jamestown Properties in connection with the $425 million construction financing of One Times Square, the globally-recognized building that has been home to the world’s New Year’s Eve ball drop since 1907. Originally built as the headquarters of The New York Times in 1904, the 26-story structure is wrapped entirely in LED screens and is located in the heart of Times Square in New York City.