Partner
CurrentJOINT VENTURES AND PREFERRED EQUITY• Represented an institutional investor in a preferred equity investment involving a transitional industrial asset outside of Manhattan • Represented the sponsor in the negotiation of a joint venture agreement with an institutional investor for a core industrial asset outside of Manhattan• Represented a family office in the contribution of land and cash to a joint venture to facilitate construction of an office park• Represented the sponsor in the negotiation of a joint venture agreement related to a lender’s right to convert a portion of its debt into equity in the sponsor’s projectACQUISITIONS AND DISPOSITIONS• Represented a retail developer in (i) the $135 million acquisition of the retail portion of a mixed-use development in California, (ii) two related financings, and (iii) the sale of air parcels to a condominium developer• Represented a buyer who, through an equity purchase, acquired fee or leasehold ownership interests in over 100 restaurants across the United States• Represented a retail developer in the acquisition of a 70,000-square-foot retail center located outside of Chicago comprising the ground floor of a mixed-use development DISTRESSED DEBT• Represented a REMIC trust in a non-judicial foreclosure action that involved threats of a lawsuit against the trust by a bankruptcy trustee, a potential borrower bankruptcy filing, and a possible lawsuit against the trust by a limited partner in the borrower • Represented a REMIC trust in negotiations involving environmentally-contaminated collateral and advised on multiple possible exit strategies• Represented a REMIC trust in the resolution of a defaulted $69 million CMBS loan secured by an approximately one million-square-foot mall in Ohio, including negotiation of an agreed receivership for the mall