Represented a client in the due diligence review and acquisition of the only large indoor shopping mall in the city of Milwaukee, WI which consisted of 292,000 enclosed square feet, an 1,100-stall parking garage, multiple skyways over public streets, easements, condominium components and ground leases. The assets were acquired via online auction by a foreclosed loan’s servicer. The assets were repositioned through focused leasing activity and disposed at a substantial gain. The entire project was acquired, the value dramatically increased, and re-sold within 55 weeks.
Represented a group of shareholders seeking to rectify their 173-unit cooperative corporation’s effective “hijacking” by a “Board” whose identities were largely unknown and who had long-since ceased having legitimate connections to the building. Once we successfully aided them in retaking control through appropriate elections and placement of a Board of Directors, we then aided in refinancing the Building’s significant mortgage to allow for long-neglected repairs, appropriate reserves, etc. We remain the transfer agent for this cooperative to date.
Represented a developer-sponsor in the sell-off of a condominium’s residential project.
Represented numerous home and condominium purchasers and sellers.
Represented several institutional buyers in their purchases of shopping center and shopping mall assets through distressed sales directly from lenders and loan servicers.
Represented a medical facility whose losses following Superstorm Sandy exceeded $6M in recovering $1.7M in grant monies and $500K in low-interest loans to rebuild their facilities and replace their equipment.
Represented many commercial real estate owners and developers in entering into long-term leases with national, regional and local commercial tenants – including placing H&R Block, Hobby Lobby, IHOP, Kay Jewelers, Macy’s, Outfront Media (billboards), Petco, Planet Fitness, Ross Dress for Less, Starbucks, Subway, Tractor Supply, TrueValue Home Center, nail and hair salons, numerous independent bars and restaurants, United States government facilities, and medical facilities, including hospital networks, among others – as part of strategies to stabilize, enhance, and increase the value of their portfolios.
Represented numerous commercial tenants in entering into long-term leases with favorable terms that allowed for tenants to have the flexibility to adjust their business to the market’s demands and circumstances.
Represented residential landlords and tenants to their mutual benefit in the buy-outs of long-term rent-stabilized tenancies, each of which was conducted fairly and amicably.
Represented the majority shareholder in a holding company for rental buildings aggregating over $5M in value in successfully defending against a BCL Section 1104-a action commenced by a shareholder who erroneously claimed looting, wasting, and diverting of corporate assets.
Represented a commercial landlord in litigating hundreds of thousands of dollars in rent arrears, successfully evicting the prime tenant and making direct deals with two sub-tenants that covered all of the arrears and left our client with a judgment against the prime tenant and its personal guarantor.
Represented a commercial landlord in defending against foreclosure where a technical default caused acceleration of the loan on two commercial condominium units and where the tenant occupying both units had ceased paying its lease rent. Evicted the non-paying tenant and sold off the condominium units to two users who paid market value despite the Seller’s distressed circumstances.
Represented a holder of a defaulted Note (which had been convertible into equity in the business) in restructuring the loan and simultaneously obtaining confessions of judgment from the borrowers. When the borrowers further defaulted, we entered judgment and began collection efforts as a judgment creditor.