Closing of $50MM of Financing, Ground Lease, Construction Contract and Condominium

Represented joint venture consisting of two privately-held real estate developers on a sale and leaseback of real property, together with $50 million in leasehold construction financing, to construct a ground-up, mixed-use development consisting of 299 residential apartments, 6,000 square feet of retail space and 206 parking spaces. In addition to the sale and leaseback, our team advised in the subleasing of the leasehold interest and the declaring of a leasehold financing condominium, along with related environmental and tax matters which impacted the property. In addition, members of our construction group advised on and negotiated a complicated construction contract along with related residential condominium restrictions.