Real Estate Transactions

Real Estate Transactions

Effective Negotiators

Kasowitz’s Real Estate Transactions 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 regularly recognized by leading legal media outlets and ranking publications, including Chambers USA, Law360, The Real Deal, The Legal 500 and Super Lawyers.

Development and Joint Ventures


One of the first development projects (including a Wegmans Food Market) at the Brooklyn Navy Yard. Kasowitz also represented Brooklyn Urban Retail Partners in the closing of a $233 million construction loan involving the construction of the Wegmans project.

 


Acquisition, joint venturing, financing and development of a mixed-use project on West 57th Street in Manhattan known as the Steinway Site.

 


Negotiation and preparation of GreenOak's joint venture with East End Capital involving the purchase of an iconic Miami Beach building located at 555 Washington Avenue, and the closing of financing with Mesa West Capital for the acquisition in Miami, Florida.

 


Several matters related to BRP's affordable housing and commercial developments in the Greater New York area.

 


The sale of the Base Village project in Snowmass, Colorado, to a joint venture of East West Partners and Aspen Skiing Company, and an affiliate of KSL Capital Partners.


Joint ventures involving the acquisition, ownership and management of various retail centers, office buildings and apartment complexes throughout the United States.


Development and financing (both construction and permanent) of an apartment complex with a retail component in Brooklyn, New York.


The $470 million purchase of a mixed-use, office, retail and hotel project in San Francisco, California.

 

Capital Markets and Financing


Secured a $664 million construction loan to build a 1,066-foot tower located at 9 DeKalb Avenue in Brooklyn, New York. Upon completion, the mixed-use luxury tower will be Brooklyn’s tallest skyscraper.


An $82 million construction loan involving the renovation and development of 3 three-story buildings, a $40 million construction loan involving the demolition of two apartment buildings and the development of a four-story building, and a $113 million construction loan refinancing involving the development of a 6.6-acre mixed-use complex located in Austin, Texas.


A $137 million construction loan as part of the final funding for the Monad Terrace project in South Beach, Miami, and the $91 million construction loan for the construction of a 297-unit Class A, multi-family rental building in Washington, D.C.


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


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


Secured a $97 million construction loan and $30 million senior mezzanine loan from Mack Real Estate Credit Strategies for a condominium redevelopment project located at 1 Prospect Park West in Brooklyn, New York.


An affiliate of The Bainbridge Companies in the negotiation of a joint venture with Pacific Coast Capital Partners for the construction of a multi-family residential project in Jacksonville, Florida, and the negotiation of the construction financing for the project with Synovus Bank.


A $650 million mortgage and mezzanine loan for a luxury multi-family construction project located at 626 First Avenue in Manhattan, known as the “American Copper Buildings.”

Acquisitions and Dispositions


The acquisition of the 350,000-square-foot Newport Office Center 6 in downtown Jersey City, New Jersey, from the LeFrak Organization.


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 in Manhattan.


The sale of a 144,000-square-foot office building located at 31 W. 27th Street in Manhattan to Savanna.


The negotiation of purchase and sale agreements for the acquisition, financing and disposition of retail centers, apartment complexes and office buildings throughout the United States.

Lending


The origination of more than 150 commercial mortgage-backed securities (CMBS) loans throughout the United States.


The origination of mortgage loans throughout the United States for the company’s bridge lending platform.

Landlord Representation


The one million-square-foot retail project at Hudson Yards in Manhattan.


The ground leasing of the building and parking lot located at 136-32 Roosevelt Avenue and 136-51 41st Avenue in Flushing, New York.

Tenant Representation


The headquarters lease at Hudson Yards in Manhattan.


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

Pro Bono


Secured a favorable settlement that allows the Church to pay its debts and remain at its historic location after facing foreclosure, and provide for the development of 45 units of affordable housing.