Oxford, Ohio: Rosenberg & Estis, P.C. represented an owner/operator of student housing in the refinancing of three properties in Oxford, Ohio.
Closed: September 1, 2022
R&E Team: Arielle Frost
Rodeo Drive, Beverly Hills: Rosenberg & Estis, P.C. represented the landlord in a retail lease for the property with a prominent, high-end fashion retailer.
Lease Signed: August 31, 2022
R&E Team: Eric S. Orenstein and Ryan Per
Manhattan, New York: Rosenberg & Estis, P.C. represented a family group in the $58M sale of 305 East 11th Street and 310 East 12th Street to Meadow Partners. The two buildings comprise 89 apartments. The elevatored buildings are connected by an 11,000 sq. ft. courtyard.
Closed: August 2022
R&E Team: Larry R. Mergentime, Michael E. Lefkowitz and Zachary M. Rockoff
Manhattan, New York: Rosenberg & Estis, P.C. negotiated a 20-year lease for Robin Birley, a developer of posh London clubs, to open a much-anticipated dining club at 828 Madison Avenue in Manhattan. The agreement, which includes an option for a 10-year extension, calls for the club to occupy a two-story, 12,000-square-foot commercial space on the first floor and mezzanine levels at 828 Madison Ave., a luxury condominium tower between East 69th and East 70th streets.
Lease Signed: April 28, 2022
R&E Team: Eric S. Orenstein
Manhattan, New York: Rosenberg & Estis, P.C. facilitated a $100 million redevelopment loan, with JPMorgan Chase Bank and Wells Fargo Securities as co-lead arrangers and joint bookrunners, for The Durst Organization’s repositioning of 825 Third Avenue. The three-year loan will help fund Durst’s recent $150 million overhaul, which added amenities and enhanced every facet of the 40-story office tower, from its lobby to elevators, mechanical systems and windows.
Closed: April 4, 2022
R&E Team: Gary M. Rosenberg, Eric S. Orenstein, Dennis I. Hellman, Arielle Frost and Casey E. Delaney
Manhattan, New York: Rosenberg & Estis, P.C. represented The Durst Organization in the leasing of approximately 8,000 sq. ft. of office space to Consumer Reports. The two-year lease at Durst’s 675 Third Avenue marks Consumer Reports’ first Manhattan office.
Closed: Spring 2022
R&E Team: Jolie E. Meer
Glenwood Springs, Colorado: Rosenberg & Estis, P.C. represented MSD RCOF Partners XLII, LLC and MSD PCOF Partners LXX, LLC, as Lenders in connection with a $79,102,500.00 construction loan to Glenwood Land Holdings, LLC, as Borrower, secured by a first lien mortgage placed on Wulfsohn Road and Flat Top Views Drive.
Closed: March 11, 2022
R&E Team: Eric Orenstein and David Fries
Long Island City, New York: Rosenberg & Estis, P.C. negotiated a 15-year lease with Finback Brewery in The Durst Organization’s Sven residential tower in Long Island City, a new development that incorporates the restored landmarked Clocktower Building. The agreement calls for Finback Brewery to open an approximately 3,800-square-foot taproom and microbrewery in early 2023 at the base of Sven, a 67-story residential tower at 29-59 Northern Boulevard. Sven offers a total of 12,839 square feet of retail space featuring expansive storefronts, tall ceilings and direct adjacency to Sven’s residential lobbies. The second-tallest building in Queens, Sven’s 958 residential units range from studio to three-bedroom apartments, including 288 income-restricted apartments.
Lease Signed: March 3, 2022
R&E Team: Jolie E. Meer