Real Estate Law

Acquisitions and Dispositions

Our real estate professionals have the experience to draft and negotiate all types of purchase and sale agreements, options, letters of intent and broker agreements. We frequently assist our clients in coordinating due diligence reviews, lease analysis and title and survey review and facilitate the efforts of all consultants involved from accountants, engineers and architects to ensure that there is no duplication of effort and our clients are represented in the most cost efficient manner. Our acquisition transactions almost always involve financing and joint venture work. We have a wealth of experience handling land and property valuations for rental properties and dealing with experts to ensure that the proper assessment is determined. Our broad experience with condominium properties and condominium conversions makes us well suited to handle all types of mixed-use property acquisitions and dispositions. We have substantial experience with transfer and sales taxes, representations (and warranties) and survival periods, adjustments and estoppels.

Attorneys in our practice group have closed the following transactions:

  • Acquisition of a distressed hotel project in New York City which is complicated by negotiation of a workout with the existing private lender on the hotel and discussions with a special referee, analysis of zoning lot merger agreements with adjacent land owners and pending litigation, and the review of development rights associated with related adjacent land.
  • Negotiated, completed all due diligence, title, survey and lease analysis, and closed the acquisition of 10 operating supermarkets located in various states, on behalf of an East coast supermarket, from its major competitor, which is national supermarket chain.
  • Sale on by a venturer of its 85% interest in a 20 story office building located in the Flatiron District and valued at over $135 Million.
  • Acquisition of an operating warehouse facility in Hackensack, NJ for an HVAC contractor and distributor, including all due diligence and the negotiation and closing of both an institutional lender acquisition loan and working capital loan from the NJ Industrial Development Agency.
  • Purchase of (i) four apartment buildings in New York City, including a 175 unit building on 57th Street and 8th Avenue; (ii) the unsold cooperative units in five separate cooperative buildings in New York City; and (iii) a residential management company on behalf of a well-known metropolitan real estate owner.
  • Sale of a mid-town New York City office building for $225,000,000, taking only three weeks from contract negotiation and due diligence through closing.
  • $14 million dollar purchase of shopping center in Sanford, Florida and acquisition financing from Israel Discount Bank.