Recent Transaction Archive 2016

Manhattan, NY: Represented the Senior Lender in a $22.8 million first mortgage loan refinancing and Mezzanine Lender in a $10 million mezzanine loan refinancing on a condominium conversion project in the Gramercy Park area of Manhattan.

(Closed: December 20, 2016)
Rosenberg& Estis, P.C. Team: Michael E. Lefkowitz, Steven R. Goldberg, John B. Acierno III)


640 Massman Avenue, Nashville, TN: Rosenberg & Estis represented a Kaufman Jacobs entity in connection with the acquisition of a commercial property in Nashville, Tennessee containing almost 190,000 square feet on more than 11 acres (including 3 acres that could be developed in the future). The property is located approximately 3 miles from the Nashville International Airport and approximately 5 miles from Downtown Nashville.

Prior to the closing, the client entered into a lease with Fort Knox Studios covering more than half of the building for use as a music rehearsal facility. Fort Knox Studios seeks to revolutionize the music industry by combining all aspects of the sector under one roof, providing music groups with a unique environment where networking, inspiration, and innovation naturally occur.

(Closed: December 12, 2016)
(Rosenberg & Estis, P.C. Team: Dennis I. Hellman


Queens, NY- R&E served as legal counsel to The Durst Organization on the acquisition and financing of the development site of Queens Plaza Park in New York City. The project is a 77-story residential tower in the Long Island City submarket of Queens. Queens Park Plaza will feature approximately 1,000 residential units in the 1 million-square-foot, 77-story tower. Also, this purchase includes the historic Queens Clock Tower Building.

(Closed: December 8, 2016)
(Rosenberg & Estis, P.C. Team: Michael E. Lefkowitz, Dennis I. Hellman, Larry R. Mergentime and David A. Fries)


Pompano Beach, Florida: R&E represented Chris Partridge in connection with the acquisition (as part of a Section 1031 exchange) and financing of Shopper's Haven, a strip shopping center containing approximately 210,000 square feet in Pompano Beach, Florida. The major tenants of the shopping center include a Bed Bath & Beyond, Winn-Dixie, Michaels, Walgreens and Bealls Outlet. Financing for the acquisition was provided by First Republic Bank.

(Closed: November 23, 2016)
(Rosenberg & Estis, P.C. Team: Dennis I. Hellman, Patricia D. Cleary and Kamilla Bogdanov)


Manhattan, NY: Represented the lender in a $40 million mezzanine loan for a 35-story residential condominium development.

Closed: November 15, 2016)
(Rosenberg & Estis, P.C. Team: Eric S. Orenstein, Steven R. Goldberg, Stephanie M. Graham)


Manhattan, NY: Represented the lender, 76 Eleventh Funding, LLC, in a $279 million mezzanine loan for a mixed-use project in Manhattan's Meatpacking District.

(Closed: November 9, 2016)
(Rosenberg & Estis, P.C. Team: Eric S. Orenstein , Steven R. Goldberg, Patricia D. Cleary , John B. Acierno, III , David A. Fries )


Times Square, Manhattan, NY: Served as lead counsel representing the EB-5 lender in a $200 million construction mezzanine loan for a mixed-use (retail/hotel) project in the Times Square district in New York.

(Closed: November 1, 2016)
(Rosenberg & Estis, P.C. Team: Eric S. Orenstein , Steven R. Goldberg and John B. Acierno III)


Brooklyn, NY: R&E served as legal counsel to City Point Residential, LLC (an affiliate of The Brodsky Organization, LLC), in connection with the $165 million permanent refinance of City Point Tower 2. The permanent loan was made by Wells Fargo Bank and refinanced the existing construction loan which R&E closed in 2014.

Closed: September 30, 2016)
Rosenberg & Estis, P.C. Team: Richard L. Sussman, Patricia D. Cleary)


Greenville, South Carolina: Rosenberg & Estis, P.C. represented Garrison Investment Group on the sale of 201 and 651 Brookfield Parkway, Greenville, South Carolina for a total purchase price of $25,000,000.

(Closed: September 27, 2016)
(Rosenberg & Estis, P.C. Team: Michael E. Lefkowitz )


New York, NY: Represented the seller in a $90,000,000.00 sale of an iconic building in the Tribeca neighborhood of New York City. The property was delivered entirely vacant and had been vacated by the Rosenberg & Estis, P.C. team over the past few years on behalf of seller.

(Closed: September 22, 2016)
(Rosenberg & Estis, P.C. Team: Eric S. Orenstein and Daniel Grobman)


United States: Represented a major NYC based private equity fund on the sale of 4 senior living facilities located in Michigan, Oklahoma, Tennessee, and Alabama for a total sale price of $180,000,000. The transaction included the assignment to purchaser of $100,000,000 in mortgage indebtedness.

(Closed: September 8, 2016)
(Rosenberg & Estis, P.C. Team: Michael E. Lefkowitz)


Houston, Texas: Rosenberg & Estis, P.C. ("R&E") served as legal counsel to Garrison Investment Group in connection with the refinance of a 251,316 square foot shopping center known as Southwest Fondren Village in Houston, Texas.

The shopping center is home to over 50 local and national retail tenants including Burger King, Planet Fitness, AutoZone, Shell and T-Mobile and is anchored by a 45,000 s.f. Fiesta Mart. The first mortgage loan was made by Pacific Western Bank and served to not only refinance the existing maturing CMBS loan, but to also make available future advances of funds for capital improvements.

(Closed: September 1, 2016)
(Rosenberg & Estis, P.C. Team: Michael E. Lefkowitz )


Manhattan, NY: R&E served as legal counsel to Morningside Associates, LLC (an affiliate of The Brodsky Organization, LLC), in connection with the $145 million permanent refinance originated by Wells Fargo Bank. The permanent loan refinanced an existing construction loan that was closed by R&E in 2014.

(Closed: August 25, 2016)
(Rosenberg & Estis, P.C. Team: Richard L. Sussman, Patricia D. Cleary)


New York, New York: Represented an Israeli developer in a joint venture with a large Japanese company for the development of a residential project in New York City.

(Closed: August 2016)
(Rosenberg & Estis, P.C. Team: Eric S. Orenstein and Mark N. Aloia)


William Street, Manhattan, NY: Represented Cornell University for its Weill Cornell Medical College in a 55,000 s/f expansion and amendment of its lease of 85,000 s/f within a condominium structure, including 14,000 s/f of grade and below grade imaging space.

(Closed: June 2016)
(Rosenberg & Estis, P.C. Team: Mark N. Aloia


Brooklyn, New York: Represented divisions of a major television network taking space under two leases totaling approximately 85,000 s/f in downtown Brooklyn.

(Closed: February and June 2016)
(Rosenberg & Estis, P.C. Team: Mark N. Aloia and Steven R. Goldberg)


New York, New York: Represented a publicly traded retailer in leasing of space in SoHo.

(Closed: May 2016)
(Rosenberg & Estis, P.C. Team: Warren A. Estis, Adam R. Sanders and Mark N. Aloia)


Greenwich Street, Manhattan, NY: Represented Cornell University for its Weill Cornell Medical College taking space in a downtown office building.

(Closed: May 2016)
(Rosenberg & Estis, P.C. Team: Mark N. Aloia


New York, New York: Represented major developer in redemption transaction involving an apartment building in Manhattan and a development site in Queens, New York.

(Closed: May 2016)
(Rosenberg & Estis, P.C. Team: Gary M. Rosenberg, William Byers, Mark N. Aloia, Stefanie M. Graham)


One Bryant Park, Manhattan, NY: Represented One Bryant Park LLC in a complex lease to restaurant chain Burger & Lobster. Under the 15-year deal, which includes a 5-year renewal option, the restaurant will occupy three levels and 8,900 square feet at One Bryant Park, 123 West 43 rd Street.

(Closed: April 27, 2016)
(Rosenberg & Estis, P.C. Team: Dennis I. Hellman and Daniel Grobman)


East 10th Street, Manhattan, NY: Represented a major developer in the $125 million acquisition of apartment buildings in downtown Manhattan.

(Closed: April 2016)
(Rosenberg & Estis, P.C. Team: Luise A. Barrack, Michael E. Lefkowitz, Mark N. Aloia and Patricia D. Cleary)


Manhattan, NY: Represented the purchaser of two Manhattan apartment properties located at 85 th E. 10 th St. and 112-120 E. 11 th St. The two properties, containing 151 units in total, were purchased by a Park Avenue-based LLC for $122.5 million, selling for $75.4 and $52.1 million, respectively.

(Closed: March 4, 2016)
(Rosenberg & Estis, P.C. Team: Michael E. Lefkowitz, Mark N. Aloia and Patricia D. Cleary)


760 Third Avenue, Manhattan, NY: Represented Buchanan Apartments LLC in connection with the $270M sale of a 289-unit Midtown Manhattan apartment building with 16,000 square feet of ground floor retail and office space.

(Closed: March 3, 2016)
(Rosenberg & Estis, P.C. Team: Richard L. Sussman and Patricia D. Cleary)


Wall Street Plaza, Manhattan, NY: Represented Cornell University for its Weill Cornell Medical College taking a full floor in a downtown office building.

(Closed: March 2016)
(Rosenberg & Estis, P.C. Team: Mark N. Aloia)


Corvallis, Oregon: Represented a fund in the sale of a research center near a major university.

(Closed: February 2016)
(Rosenberg & Estis, P.C. Team: Michael L. Lefkowitz and Mark N. Aloia)


Chester County, Pennsylvania: Represented a joint venture partner in the leasing, development and $122 million sale of a single tenant office building situated in a condominium office park.

(Closed: February 2016)
(Rosenberg & Estis, P.C. Team: Mark N. Aloia)


1800 Park Avenue, Manhattan, NY

(Closed: January 2016)
(Rosenberg & Estis, P.C. Team: Michael E. Lefkowitz , Larry R. Mergentime, Dennis I. Hellman, Alexander Lycoyannis and David A. Fries)