Recent Transactions

Closed


Maspeth, New York: Rosenberg & Estis, P.C. represented multiple entities and individuals in connection with the sale of 58-80 56th Street, Maspeth, New York to DT Realty Equities LLC, as purchaser.

(Closed: May 29, 2020)
(Rosenberg & Estis, P.C. Team: Adam R. Sanders and Brett B. Theis)


Manhattan, New York: Rosenberg & Estis, P.C. represented and structured the transfer of 461 Park Avenue South, New York, New York from Rose Hill Property Assoc. Inc. to Match Point Ventures, LLC and to Gammon Enterprises, LLC in a series of transactions transferring the ownership of the property.

(Closed: May 26, 2020)
(Rosenberg & Estis, P.C. Team: Adam R. SandersJason R. Davidson and Katlyne E. Ryan)


Brooklyn, New York: Rosenberg & Estis, P.C. represented Emerald Creek Capital 3, LLC, as Administrative and Collateral Agent and as Lender, in the making of a $17,000,000.00 consolidated mortgage loan to 856 Washington Owner, LLC.

(Closed: March 30, 2020)
(Rosenberg & Estis, P.C. Team: Eric Orenstein and David Fries)


Beverly Hills, California: Rosenberg & Estis, P.C. represented Motcomb Estates Ltd. and Reuben Brothers Limited in the making of a $30,000,000.00 first mortgage loan.

(Closed: March 27, 2020)
(Rosenberg & Estis, P.C. Team: Eric Orenstein and David Fries)


Long Island, New York: Rosenberg & Estis, P.C. represented Sitex Group as purchaser / borrower in its acquisition and financing of two adjacent industrial properties in Long Island, New York.

(Closed: March 13, 2020)
(Rosenberg & Estis, P.C. Team: Adam R. Sanders and David Fries)


Manhattan, New York: Rosenberg & Estis, P.C. represented Reuben Brothers Limited lender in the making of a $60,000,000.00 first mortgage loan to Surrey Hotel Associates, LLC.

(Closed: February 28, 2020)
(Rosenberg & Estis, P.C. Team: Eric S. Orenstein, David Fries and Casey E. Delaney)


Oklahoma City, Oklahoma: Rosenberg & Estis, P.C. represented Trevian Capital Holdings LLC as lender in the making of a $18,950,000.00 first mortgage loan to 8557 Candlewood Drive, LLC.

(Closed: February 21, 2020)
(Rosenberg & Estis, P.C. Team: Eric S. Orenstein and Casey E. Delaney)


Brooklyn, New York: Rosenberg & Estis, P.C. represented Garden Owner, LLC in its acquisition of the property at 21-27 Garden Street, Brooklyn, NY. Premises is to be demolished, and a new residential rental building is to be constructed. With assistance from Frank Chaney, development rights are also being acquired from adjoining properties.

(Closed: February 11, 2020)
(Rosenberg & Estis, P.C. Team: Richard L. Sussman, Larry R. Mergentime, Patrick R. Tierney and Casey E. Delaney)


Manhattan, New York: Rosenberg & Estis, P.C. represented Motcomb Estates Ltd., as Administrative Agent (on behalf of Reuben Brothers Limited, as Lender) in the making of a $48,00,000.00 first leasehold mortgage loan to Consulate Hotel Associates, LLC, as Borrower.

(Closed: February 7, 2020)

(Rosenberg & Estis, P.C. Team: Eric S. Orenstein, David Fries and Casey E. Delaney)


Brooklyn, New York: Rosenberg & Estis, P.C. represented Whittle School & Studios in completing a 20-year lease for the entire 10-story 620,000 square foot space at The Wheeler Building at 181 Livingston Street, a tower built over the historic Macy's building developed by Tishman Speyer in downtown Brooklyn. The premises will house the first Whittle School in New York and its second location in the United States. Whittle School & Studios was founded by Chris Whittle, the education entrepreneur behind Edison Schools and Avenues: The World School. In addition to the intricacies relating to the size of the space and specialized use, the matter required tackling a series of complex construction, condominium and real estate tax benefit (ICAP) issues. R&E leveraged its subspecialties: Jonathan S. Hacker provided support on the condominium issues, Benjamin M. Williams analyzed the ICAP benefits, Arthur C. Silverman advised on the construction issues and Frank E. Chaney advised on zoning and land use. The landlord, Tishman Speyer, was represented by Davis & Gilbert, with assistance from Kramer Levin on condominium matters and Marcus and Pollack on real estate tax.

(Closed: January 31, 2020)
(Rosenberg & Estis, P.C. Team: Mark N. Aloia, Gary M. Rosenberg and Arielle Frost)


Brooklyn, New York: Rosenberg & Estis, P.C. represented TF Cornerstone in entering into a joint venture with Trinity Place Holdings Inc. concerning the acquisition of a 234-unit residential apartment building in Brooklyn. The joint venture documents were executed on November 21, 2019. R&E then represented the TF Cornerstone/Trinity Place Holdings Inc. joint venture in connection with an acquisition loan in the amount of $82,750,000 from Manufactures and Trader Trust Company (under the Freddie Mac Optigo program). The loan closed on January 15, 2020, concurrently with the property acquisition for $137M.

(Closed: January 15, 2020)
(Rosenberg & Estis, P.C. Team: Richard L. Sussman, Stefanie M. Graham and Patricia D. Cleary)


Brooklyn, New York: Rosenberg & Estis, P.C. represented Churchill Credit Holdings, LLC as lender in the making of a $74,250,000.00 condominium inventory loan for The New York Dock Building Condominium.

(Closed: December 27, 2019)
(Rosenberg & Estis, P.C. Team: Eric S. OrensteinDavid Fries and Casey E. Delaney)


Manhattan, New York: Rosenberg & Estis, P.C. represented Motcomb Estates, Ltd. as lender in the making of a $62,500,000.00 mortgage loan secured by The Chatwal, located at 130 West 44th Street.

(Closed: December 20, 2019)
(Rosenberg & Estis, P.C. Team: Eric S. OrensteinDavid Fries and Casey E. Delaney)


Miami Beach, Florida: Rosenberg & Estis, P.C. represented Motcomb Estates, Ltd. as lender in the making of a $27,500,000.00 mortgage loan secured by The Dream Hotel.

(Closed: December 20, 2019)
(Rosenberg & Estis, P.C. Team: Eric S. OrensteinDavid Fries and Casey E. Delaney)


Brooklyn, New York: Rosenberg & Estis, P.C. represented 18 Sixth Avenue Owner LLC in connection with a $460,000,000.00 construction loan made to Borrower by Manufacturers and Traders Trust Company as Administrative Agent and as Lender.

(Closed: December 19, 2019)
(Rosenberg & Estis, P.C. Team: Richard L. Sussman and Patricia D. Cleary)


Phoenix, Arizona: Rosenberg & Estis, P.C. represented Trevian Capital as lender in the making of a $23,500,000.00 construction loan for a multi-family development in Phoenix, Arizona.

(Closed: December 16, 2019)
(Rosenberg & Estis, P.C. Team: Eric S. Orenstein and David Fries)


Manhattan, New York: Rosenberg & Estis, P.C. represented Emerald Creek Capital as lender in the making of a $50,000,000.00 first mortgage loan to a midtown property owner.

(Closed: December 12, 2019)
(Rosenberg & Estis, P.C. Team: Eric S. Orenstein and David Fries)


Long Island City, New York: Rosenberg & Estis, P.C. represented Churchill QPS Lender LLC as lender in the making of a $29,750,000.00 first mortgage loan to AAGS Holdings LLC.

(Closed: November 20, 2019)
(Rosenberg & Estis, P.C. Team: Eric S. Orenstein and David Fries)


Great Neck, New York: Rosenberg & Estis, P.C. represented Emerald Creek Capital 3, LLC as lender in the making of a $5,700,000.00 first mortgage loan to 5 Horizon Way, LLC.

(Closed: November 19, 2019)
(Rosenberg & Estis, P.C. Team: Eric S. Orenstein and David Fries)


Wellington, Florida: Rosenberg & Estis, P.C. represented Motcomb Estates Ltd. as collateral and administrative agent on behalf of Koronus Holdings DAC, lender, in the making of a $77,667,719.00 loan.

(Closed: November 18, 2019)
(Rosenberg & Estis, P.C. Team: Eric S. Orenstein and David Fries)


Manhattan, New York: Rosenberg & Estis, P.C. acted as special real estate counsel representing CBCS Washington Street LP in connection with a ground lease amendment, a complex organizational restructuring and recapitalization, a $145 million construction and mezzanine financing and an amendment to hotel management agreement for a boutique international luxury hotel development in TriBeCa.

(Closed: November 13, 2019)
(Rosenberg & Estis, P.C. Team: Michael E. Lefkowitz, Mark N. Aloia, Stefanie M. Graham and Patricia D. Cleary and Zachary M. Rockoff)


Long Island City, New York: Rosenberg & Estis, P.C. represented a borrower / developer in connection with the take-out of construction financing with a permanent loan from Bank Leumi in the amount of $14,600,000.

(Closed: October 28, 2019)
(Rosenberg & Estis, P.C. Team: Larry R. Mergentime)


Brooklyn, New York: Rosenberg & Estis, P.C. represented a borrower in the refinancing of a loan by Sterling National Bank.

(Closed: October 28, 2019)
(Rosenberg & Estis, P.C. Team: Michael E. Lefkowitz and Larry R. Mergentime)


New Rochelle, New York: Rosenberg & Estis, P.C. represented a lender in the making of a construction completion loan in the aggregate total amount of $25,000,000.00.

(Closed: October 11, 2019)
(Rosenberg & Estis, P.C. Team: Eric S. Orenstein and David Fries)


Manhattan, New York: Rosenberg & Estis, P.C. served as legal counsel to a joint venture between The Durst Organization and Bank of America in the $1.6 billion financing of One Bryant Park in Manhattan, which included a $950-million refinancing CMBS loan and the $650 million-dollar refinancing of the publicly assisted loan with the required defeasances of the previous CMBS and publicly assisted loans. The total loan of $1.6 billion is secured by a mortgage on One Bryant Park, a 51-story with approximately 2,350,000 rentable square feet of office, restaurant and retail space, in which Bank of America is the largest tenant.

(Closed: August 21, 2019)
(Rosenberg & Estis, P.C. Team: Dennis I. Hellman, Eric S. Orenstein, Stefanie M. Graham, Kamilla Bogdanov and Zachary Rockoff)


Durham, North Carolina: Rosenberg & Estis represented a tenancy-in-common purchaser in the acquisition of two apartment complexes. The firm also represented the tenancy-in-common in the $25,500,000.00 acquisition financing made by Arbor Commercial Funding 1, LLC.

(Closed: June 27, 2019)
(Rosenberg & Estis, P.C. Team: Michael E. Lefkowitz and Patricia D. Cleary)


Manhattan, New York: Rosenberg & Estis represented Emerald Creek Capital 3, LLC in the making of a $33,000,000.00 bridge loan for a development assemblage in connection with a property on the Upper East Side.

(Closed: June 26, 2019)
(Rosenberg & Estis, P.C. Team: Eric S. Orenstein and David Fries)


Manhattan, New York: Rosenberg & Estis represented the borrower in the refinancing of 2211 Third Avenue.

(Closed: June 20, 2019)
(Rosenberg & Estis, P.C. Team: Eric S. Orenstein and David Fries)


Ft. Worth, Texas: Rosenberg & Estis represented Trevian Capital in their originating an acquisition financing on a multi-family apartment complex.

(Closed: June 14, 2019)
(Rosenberg & Estis, P.C. Team: Eric S. Orenstein and David Fries)


Orlando, Florida: Rosenberg & Estis represented Emerald Creek Capital in the making of a loan to refinance an existing retail strip mall.

(Closed: June 13, 2019)
(Rosenberg & Estis, P.C. Team: Eric S. Orenstein and David Fries)


Bethel, New York: Rosenberg & Estis represented Reuben Brothers Limited in their making of a $27,900,631.00 inventory loan with respect to 305 development lots.

(Closed: May 30, 2019)
(Rosenberg & Estis, P.C. Team: Eric S. Orenstein and David Fries)


Fairview, New Jersey: Rosenberg & Estis represented Trevian Capital in their making of a $21,500,000.00 construction loan.

(Closed: May 30, 2019)
(Rosenberg & Estis, P.C. Team: Eric S. Orenstein and David Fries)


Manhattan, New York: Rosenberg & Estis represented 668 Ave LLC, the borrower, in a $3,500,000.00 first mortgage loan financing made by Flushing Bank.

(Closed: May 30, 2019)      
(Rosenberg & Estis, P.C. Team: Larry R. Mergentime)


Manhattan, New York: Rosenberg & Estis represented 401 E. 74 Owners Corp., the borrower, in its $7,255,000.00 secured (mortgage) financing and entrance into a $750,000.00 unsecured (revolving line of credit) from Apple Bank for Savings.

(Closed: May 14, 2019)      
(Rosenberg & Estis, P.C. Team: Larry R. Mergentime and Kamilla Bogdanov)


Manhattan, New York: Rosenberg & Estis represented 9 Vandam 1 LLC with their making of a $3m mortgage loan to 9 Vandam Associates 1 LLC and represented 9 Vandam 2 LLC in connection with their making of a $5,904,433.00 mezzanine loan to 647 Ninth Avenue Associates, LLC in the same transaction.

(Closed: May 14, 2019)      
(Rosenberg & Estis, P.C. Team: Adam R. Sanders and David Fries)


Manhattan, New York: Rosenberg & Estis represented 101 West 73rd LLC, the borrower, in a $5,000,000.00 loan made by Manufacturers and Traders Trust Company. From start to finish, transaction was closed in one week.

(Closed: April 11, 2019)      
(Rosenberg & Estis, P.C. Team: Richard L. Sussman and Daniel Grobman)


Irving, Texas: Rosenberg & Estis represented Trevian Capital in connection with a loan secured by an office condominium in Irving, Texas.

(Closed: March 15, 2019)      
(Rosenberg & Estis, P.C. Team: Eric S. Orenstein and David Fries)


Philadelphia, Pennsylvania: Rosenberg & Estis represented Emerald Creek Capital 3, LLC in connection with a loan secured by a property owner in Philadelphia, PA.

(Closed: March 15, 2019)
(Rosenberg & Estis, P.C. Team: Michael E. Lefkowitz and David Fries)


Manhattan, New York: Represented The Durst Organization in a recent lease transaction with Nasdaq, Inc. at 4 Times Square. Nasdaq, one of the original tenants in the building, will quintuple its space in 4 Times Square from 24,000 square feet to 145,000 square feet of space, relocating its global headquarters from One Liberty Plaza in Lower Manhattan to the same location as its current MarketSite, at 4 Times Square. As part of the 15-year new lease and lease extension, the Nasdaq MarketSite will be expanded from the 1st and 2nd floors to include, on the 10th floor of the building, a state-of-the-art event space and a 2,100-square-foot terrace overlooking Times Square. In addition to Nasdaq's MarketSite and headquarters office space within the building, Nasdaq is home to approximately 3,900 listings, and its technology powers more than 90 marketplaces worldwide. R&E worked on the extension of and amendment to the Market-Site lease; the extension of and amendment to the signage license for the iconic cylinder sign; a new license with options for rooftop signage; and a new a license with options for a sign on the Broadway side of the building and a "ticker tape" sign on the building.

(Rosenberg & Estis, P.C. Team: Robert M. Kessler and Jolie E. Meer )


Manhattan, New York: Rosenberg & Estis served as legal counsel to The Durst Organization in connection with a $400 Million mezzanine loan from Bank of America, N.A. relating to 49% of the membership interests in the owner of the building known as One Bryant Park in Manhattan. The building is a 51-story Class A building containing approximately 2,300,000 rentable square feet of fully leased office and retail space. Bank of America and the law firm of Akin Gump are the building's primary tenants.

(Closed: February 8, 2018)
(Rosenberg & Estis, P.C. Team: Dennis I. Hellman, Kamilla Bogdanov)


Ongoing


Dallas, Texas and Chicago, Illinois: R&E represented E2W in several leases which provided for KidZania facilities to be opened in regional shopping centers in the US. Although no KidZania facilities are yet open in the US, KidZania operates in 24 major cities in other countries. Each KidZania facility allows children between the ages of 4 to 14 to role-play in more than 100 occupations such as pilots, doctors, chefs, truck drivers and reporters. KidZania is considered to be the world's fastest growing experiential learning center for children. E2W has the exclusive right to open and operate KidZania facilities in the US during the term set forth in its franchise agreement. E2W has recently entered into two leases, each of which covers approximately 80,000 square feet, with affiliates of General Growth Properties. One lease is in Stonebriar Center in Frisco, (a Dallas suburb) Texas where KidZania is projected to open in 2018. Stonebriar Center includes anchor stores operated by Macy's, Nordstrom, Sears, JC Penney and Dillard. The second lease is in Oakbrook Shopping Center in Oakbrook, (a Chicago suburb) Illinois, where KidZania is expected to open in 2019. Oakbrook Shopping Center includes anchor stores operated by Macy's, Nordstrom, Lord & Taylor and Neiman Marcus.

(Rosenberg & Estis, P.C. Team: Dennis I. Hellman and Daniel Grobman)


Manhattan, NY: Represented The Durst Organization in connection with the negotiation of telecommunications agreements with vendors to install and operate, and various cellular carriers to participate in Durst's deployment of, in-building neutral host distributed antenna systems at numerous buildings across its residential and commercial portfolios. The presence of the distributed antenna systems at these buildings enhances and improves the carriers' cellular and data services to provide maximum coverage to Durst's building tenants and visitors.

(Rosenberg & Estis, P.C. Team: Jean S. Tom and Robert M. Kessler)


Across the US: Represented subsidiaries of Rubicon US REIT in the sales of GSA-leased properties across the U.S.

(Rosenberg & Estis, P.C. Team: Dennis I. Hellman, Jolie E. Meer and Arielle Frost)


Halletts Point Waterfront Project, Astoria, NY: Represent the Durst Organization on all phases of its joint venture, acquisition, development and financing of the 2.5 million square feet Halletts Point waterfront project in Astoria. The project will include 2,400 market-rate and affordable apartments.

(Rosenberg & Estis, P.C. Team: Larry R. Mergentime and Arielle Frost)


Willoughby Square, Brooklyn, NY: Representing an affiliate of American Development Group in connection with the negotiation of agreements with New York City Economic Development Corp. and other public and quasi-public agencies with respect to the long-term leasing and development of an underground automated parking garage.

(Rosenberg & Estis, P.C. Team: Richard L. Sussman, Patricia D. Cleary, Eric S. Orenstein and Robert M. Kessler)


Rutherford Place Condominiums, 305 2 nd Avenue, NY: Representing a Manhattan condominium sponsor in connection with unit closings for 90-plus converted condo units.

(Rosenberg & Estis, P.C. Team: Larry R. Mergentime)


Midtown Manhattan, NY: Represented a major regional banking institution in connection with loan transactions of all types, including construction loans and loan participants. Also represented the bank in connection with the sale and transfer of two of its branches, including the sale of a long-held condominium unit.

(Rosenberg & Estis, P.C. Team: Richard L. Sussman, Jean S. Tom)


Manhattan and Brooklyn, NY: Represented an affiliate of American Development Group and AutoMotion in connection with negotiations and agreements with various property owners in Manhattan and Brooklyn with respect to the inclusion of automated parking systems in their buildings. The transactions included leases, creation of condominium units and/or straight installation and operation agreements.

(Rosenberg & Estis, P.C. Team: Richard L. Sussman)


United States: Representing a national shopping center investor in the purchase and sale of retail properties across the United States, including New York, New Jersey, Maryland, Florida, Missouri, etc.

(Rosenberg & Estis, P.C. Team: Larry R. Mergentime, Michael E. Lefkowitz, Arielle Frost, and  Patricia D. Cleary)


New York and Brooklyn, NY: Represented Quinlan Development Group in connection with the acquisition, financing and development of numerous sites in Brooklyn and Manhattan for new construction of residential buildings, both rental and condominium. Certain of the developments included joint venture arrangements, 421a certificates and/or inclusionary housing bonus rights.

(Rosenberg & Estis, P.C. Team: Richard L. Sussman, Eric S. Orenstein, Arielle Frost and David Fries )


121 Christopher Street, West Village, NY: Represented a major not-for-profit New York theater company in connection with negotiations with a not-for-profit theater owner concerning the long-term leasing of the theater for redevelopment and market repositioning, including ancillary uses.

(Rosenberg & Estis, P.C. Team: Richard L. Sussman and Patricia D. Cleary)


Recent Transaction Archive 2017


Recent Transaction Archive 2016


Recent Transaction Archive 2015


Recent Transaction Archive 2014