Real Estate Transactions

Real Estate Transactions

Effective Negotiators

Kasowitz’s Real Estate Transactions Practice Group advises clients in a full array of complex issues relating to office, residential, lodging, gaming, shopping center and mixed-use projects throughout the United States. We represent clients in acquisitions and dispositions of single properties and property portfolios; acquisitions and participations of mortgage and mezzanine debt; workouts and restructurings; financings of real estate properties and projects; office and retail leasing; and joint venture development.

Our attorneys are frequently recognized by leading legal media outlets and ranking publications. The group has been described by The New York Times as having handled some of the biggest deals in New York City, including the acquisition, joint venturing, financing and development of the Times Square Gateway Center at 701 Seventh Avenue. Prominent ranking publications that regularly tout the group’s practice include Law360, The Legal 500, and Super Lawyers. Practice leader Wallace L. Schwartz has been described as an “effective negotiator” and is regularly ranked as a leader in the real estate field by Chambers USA.

Development and Joint Ventures

Acquisition, financing and development of a mixed-use retail, signage and hotel project at 701 Seventh Avenue, New York, New York, for a joint venture between New Valley/Witkoff Group and Starwood Capital/Winthrop Realty Trust.

 

Acquisition, joint venturing, financing and development of a mixed-use project on West 57th Street, New York, New York, for JDS Development Group.

 

Acquisition, joint venturing, financing and development of a residential, mixed-use hotel/condominium project at 36 Central Park South, New York, New York, for the Witkoff Group.

 

Equity joint venturing and construction financing for a 1,200-acre master development residential community in Tuxedo, New York, for The Related Companies.

 

Sale, joint venturing, leasing and development of a one million-square-foot residential, mixed-use project in Tysons Corner, Virginia, for DLJ Real Estate Capital Partners.

 

Two of the first development projects (including a WeWork co-working space and a Wegmans Food Market) at the Brooklyn Navy Yard for Boston Properties and Steiner NYC, respectively.

 

Acquisitions and Dispositions

The acquisition of The Shops at SkyView Center in Flushing, Queens.

The acquisition of 435 West 50th Street, the leasehold interest at 1372 Broadway and the sale of 150 West 34th Street, New York, New York.

The acquisition and financing of shopping centers in Kentucky, Tennessee, Minnesota, and throughout the United States.

The triple net/long-term ground leasing of four commercial properties that are part of the "Ring Portfolio" in Midtown South, New York, New York.

The acquisition of 300 commercial properties.

The sale of the Clock Tower Building at 5 Madison Avenue and the sale of the Times Square retail condominium at 229 West 43rd Street, New York, New York.

Landlord Representation

The one million-square-foot retail project at Hudson Yards, New York, New York, including the 250,000-square-foot lease to anchor tenant Neiman Marcus.

399 Park Avenue, 510 Madison Avenue, 601 Lexington Avenue, Times Square Tower, and 250 West 55th Street, New York, New York.

1 MetroTech Center and One Pierrepont Plaza in Brooklyn, New York, and Westchester’s Ridge Hill shopping center.

The GEM Tower on East 47th Street, New York, New York, and various retail and triple net leases of entire buildings across New York City.

Olympic Tower in New York City, including the renewal of the lease to the National Basketball Association.

Triple net leases in Queens and Long Island, New York.

Capital Markets and Financing

Mortgage and mezzanine construction financing of the Hilton West Palm Beach in Florida.

The acquisition and participation of mezzanine debt.

A joint venture to acquire mortgage debt secured by a portfolio of California office properties and a joint venture to acquire a multi-family portfolio in Maryland.

A highly structured mortgage and mezzanine financing of a multi-family rental building in New York City.

Workouts and Restructurings

Multi-state securitized portfolio loan workouts and foreclosures.

The disposition of real estate assets throughout the country in connection with its bankruptcy and liquidation. 

In their capacity as special servicer, the workout and foreclosure of securitized debt secured by a portfolio of 39 shopping centers in 13 states.  

The modification of mortgage debt secured by a resort hotel in the Caribbean.

The modification of mortgage loans secured by properties in New York and Michigan.

Gaming and Lodging

The newly opened Plainridge Park Casino, a $225 million integrated racing and gaming facility located in Plainville, Massachusetts; and proposed gaming projects in New York, Pennsylvania, Maryland and California.

The Crowne Plaza Hotel in Times Square, New York.

Management agreements at properties in New York, Massachusetts and Florida.

The development of a boutique hotel in Lower Manhattan, New York.

Tenant Representation

Leases in the New York metropolitan area and throughout the United States.

New York City headquarters lease and a lease in Midtown South, New York.

New York City headquarters lease.

Leasing and subleasing of office space throughout the United States, including the headquarters lease in New York City.

Leasing of office space in New York City and MLB Network broadcast studio space in Secaucus, New Jersey. 

Pro Bono

Renewal of the lease for the Intrepid Sea, Air & Space Museum, at Pier 86 in New York City.

Formation of entities providing academic and athletic training in the United States for underprivileged children from Africa.

Formation of global partnerships to develop water projects in Africa.

Media