Recent Transactions

Closed


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, Steven Goldberg, 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, Steven Goldberg)


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 and Steven Goldberg)


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, Steven Goldberg, 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