Recent Transactions
2023
Rolesville, North Carolina: Rosenberg & Estis, P.C. represented Southern Atlantic RE Inc. as lender in the making of a $42,150,000.00 construction loan in Rolesville, NC.
Closed: September 14, 2023
R&E Team: Eric S. Orenstein and Matthew E. LoBello
Philadelphia, Pennsylvania: Rosenberg & Estis, P.C. represented Emerald Creek Capital 3, LLC as lender in the making of a $34,000,000.00 loan.
Closed: September 13, 2023
R&E Team: Eric S. Orenstein and Casey E. Delaney
Manhattan, New York: Rosenberg & Estis, P.C. represented Reuben Brothers in a 5-property acquisition in the amount of $100,000,000.00.
Closed: August 10, 2023
R&E Team: Eric S. Orenstein and Corey S. Rashkover
Manhattan, New York: Rosenberg & Estis, P.C. represented Reuben Brothers as mezzanine lender in the making of a $100,000,000.00 mezzanine loan with respect to the Central Park Tower project.
Closed: July 19, 2023
R&E Team: Eric S. Orenstein, David Fries and Zina S. Lyakhovetsky
Laurel, Maryland: Rosenberg & Estis, P.C. represented Excelsa as purchaser and borrower in the $105,500,000.00 acquisition of the Concord Park at Russett and $61,810,000.00 loan assumption.
Closed: July 12, 2023
R&E Team: Eric S. Orenstein and David Fries
Bristol, Pennsylvania: Rosenberg & Estis, P.C. represented Trevian Capital in the making of a $37,840,000.00 loan on a multi-family property in Bristol, Pennsylvania.
Closed: July 11, 2023
R&E Team: Eric S. Orenstein, Matthew E. LoBello and David Fries
Brooklyn, New York: Rosenberg & Estis, P.C. represented Gowanus President Owner LLC, as purchaser/borrower, in the acquisition and financing of three parcels of property in the Gowanus neighborhood in Brooklyn, NY, comprised of a development site (on which a residential/retail mixed use 421-a building will be constructed) and 2 outparcels leased to existing users. The financing from Manufacturers and Traders Trust Company (as Administrative Agent for itself and other lenders) was in the amount of $152,000,000 and includes a building/project loan to fund the construction. Rosenberg & Estis also represented an affiliate of The Brodsky Organization in connection with an ownership joint venture in connection with the project.
Closed: April 28, 2023
R&E Team: Richard L. Sussman, David B. Horn, Zachary M. Rockoff, Casey E. Delaney and Cristal Bello
Manhattan, New York: Rosenberg & Estis, P.C. served as legal counsel for The Durst Organization in a lease transaction to bring LOOK Cinemas to VIA 57 WEST, the Bjarke Ingles-designed luxury apartment property at 625 West 57th Street in Manhattan. For its first New York City theater, LOOK will occupy 25,000 square feet of built-out space at VIA 57 WEST.
Closed: January 23, 2023
R&E Team: Jolie E. Meer
2022
Avondale, Arizona: Rosenberg & Estis, P.C. represented a lender in the making of a $40,500,000.00 construction loan to a borrower, secured by a first lien mortgage.
Closed: December 22, 2022
R&E Team: Eric S. Orenstein and Matthew E. LoBello
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
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
Recent Transaction Archive 2021
Recent Transaction Archive 2020
Recent Transaction Archive 2018-2019
Recent Transaction Archive 2017
Recent Transaction Archive 2016
Recent Transaction Archive 2015