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Real Estate

The Real Estate Group of Skadden advises clients on the full array of complex issues throughout the industry. We represent a wide variety of developers, lenders, investment banks, pension funds, real estate investment trusts (REITs), private equity funds, U.S. and international investors, and major corporations. Our representations include public and private offerings of various types of real estate securities and REITs; securitized lending transactions; leasing on behalf of landlords and tenants; real estate litigation; real estate workouts and restructurings (in and out of bankruptcy); and the development and acquisition of office buildings, hotels, casinos, resorts and shopping centers.

In 2017, we were named Law Firm of the Year — Overall, as well as Law Firm of the Year — Financing Transactions, at the third annual Real Estate Finance & Investment Awards. We are frequently named as one of the top tier firms in the area of real estate, including by Chambers USA: America’s Leading Lawyers for Business 2016, U.S. News — Best Lawyers “Best Law Firms” 2017 and Legal 500 2015 in their annual listings of the leading practices. We also were named among Law360’s Real Estate Groups of 2015 and 2016. In 2016, Real Estate Forum named eight matters that our group advised on among their 2015 deals of the year. Additionally, according to Dealogic, Skadden finished 2015 on top in both global and U.S. real estate deals value. 

Global Reach

Working with our global network of 50-plus practices, we advise on U.S. and cross-border transactions involving the purchase, sale, construction, financing, development, management and operation of and investment in commercial, industrial, retail, lodging and residential projects worldwide. Our attorneys also have represented lenders, developers, investors and private equity funds in real estate transactions in Asia and Europe totaling billions of U.S. dollars in recent years. We have substantial experience in the acquisition, development, operation and disposition of hard assets, equity interests and debt, including nonperforming loan and J-REIT transactions. We have represented sovereign wealth funds, foreign corporations and high-net-worth individuals in real estate-related transactions around the globe, including the acquisition by Zhang Xin, founder of Soho China, of interests in the General Motors Building.

Private Equity and Real Estate Funds

We have represented numerous sponsors, managers, investment groups and real estate holding companies in connection with the structuring, formation and operation of U.S. and international real estate funds investing in Asia, Europe, South America and throughout the United States. Our experience includes ongoing acquisitions, financings and dispositions (including cross-border workouts and restructurings) of fund assets and portfolio companies, as well as mergers and acquisitions among funds. Recent clients include Colony Capital; Deutsche Asset & Wealth Management (formerly RREEF); BlackRock Realty Advisers, Inc.; Fortress Investment Group LLC; and ING Clarion.

REITs

Skadden’s real estate attorneys work with an interdisciplinary team of tax, M&A and corporate finance attorneys throughout the firm that advises REIT clients and their sponsors, underwriters, managers, boards of directors and special committees in some of their most important and innovative transactions, including a number of “first-of-their-kind” matters. Our REIT practice has been recognized in numerous rankings and publications nationwide.

We have represented every type of REIT, including equity, hybrid, special-purpose, and public and private, as well as funds that invest in REITs, on a broad range of legal matters and transactions affecting REITs, including UPREITs, DownREITs, roll-ups and multiple REIT structures. Skadden’s REIT clients span the entire industry, including apartments, office buildings, shopping centers, cell phone towers, health care facilities, medical office buildings, hotels, industrial properties, data centers, manufactured home communities, prisons, storage, timber and warehouses, as well as REITs that specialize in mortgages, mortgage-backed securities, mezzanine loans and financing structures. Recently, the group has been particularly active in forming and advising mortgage REITs and health care REITs. We have led numerous international REIT transactions, including complex joint ventures between U.S. REITs and non-U.S.-based real estate investors, major investments by U.S. REITs abroad, and complicated formations of private U.S. REITs to facilitate real estate investments by institutions based outside the United States.

We advised numerous clients in connection with the restructuring and monetization of their real estate assets through opco/propco and sale/leaseback transactions involving the transfer of real property ownership to REITs. For example, we represented Genesis HealthCare in connection with its $2.4 billion sale of assisted living and skilled nursing facilities to Health Care REIT and IASIS Healthcare in its $283 million sale of three acute care hospitals to Medical Properties Trust. In 2012-13 we advised Emeritus Corporation in the $1.7 billion sale and leaseback of 133 senior housing communities to HCP, Inc.

Sales and Acquisitions

Traditional real estate purchase, sale and joint venture transactions are a significant part of Skadden’s real estate practice. In this area, we have represented clients in some of their most noteworthy deals, including Affordable Residential Communities Inc.; Boston Properties, L.P.; the estate of Leona M. Helmsley; Nationwide Health Properties, Inc.; Silverstein Properties, Inc.; and Westfield Group in their acquisition and/or sale programs. With respect to hotel transactions, we have represented, among others, André Balazs, Ian Schrager, HEI Hotels & Resorts, Wynn Resorts and Silverstein Properties. Representative gaming transactions include Macao Studio City on the Cotai Strip in Macau and the Aladdin Hotel and Casino in Las Vegas as well as numerous hotel and casino financings, and the opco/proco split of Penn National Gaming.

Lending and Securitization

Commercial real estate finance forms a substantial segment of Skadden’s real estate practice. We advise on a broad range of real estate financing transactions, including securitizations, secured and unsecured syndicated loan facilities, construction loans, high-yield securities offerings, letters of credit and other credit enhancement devices, leveraged buyouts, and other acquisition financing arrangements and leverage lease financings.

Tax-Exempt Financing

The Real Estate Group has represented Bank of America and Silverstein Properties, Inc. in connection with several significant financings using Liberty Bonds and HFA-sponsored bonds. We also are advising Larry Silverstein in connection with the approximately $2.59 billion Liberty Bond financing of Towers 3 and 4 at the World Trade Center site, and the Four Seasons hotel and residences at 30 Park Place.

Leasing/Economic Development

Skadden has extensive experience in large headquarter lease transactions, often with economic development benefits from various governmental agencies, for clients such as Bank of America, Credit Suisse, Duff & Phelps, Ernst & Young, McGraw-Hill Companies, Prudential Securities, Société Générale and Sony Corporation of America. In addition, we have represented numerous companies, such as Credit Suisse, BlackRock Realty and MBNA America Bank, in connection with their national or regional leasing programs. On the landlord side, we have represented Africa Israel, USA; Boston Properties, Inc.; Silverstein Properties, Inc.; and Tishman Speyer Properties, among others.

Development Transactions

A significant focus of the firm’s real estate practice is the representation of national and regional real estate developers, investors and lenders in numerous development projects throughout the United States, including office buildings, shopping centers, hotels and luxury condominiums. We represented the New York State Urban Development Corporation (d/b/a Empire State Development Corporation) in the $4.9 billion Atlantic Yards Land Use Improvement and Civic Project, the largest-ever land use improvement and civic project in Brooklyn, N.Y., and Silverstein Properties in connection with its $364 million joint venture with Four Seasons Hotels and Resorts (Canada) and Dune Real Estate Partners to develop the Four Seasons Orlando at Walt Disney World Resort.

Workouts and Restructurings

Skadden advises borrowers and lenders in mortgage and mezzanine loan foreclosure and enforcement actions, as well as workouts and restructurings of secured loans and credit facilities for real estate single-asset and/or operating companies, asset dispositions and recapitalizations, and take-private transactions. With the combined depth of our real estate and corporate restructuring practices, our attorneys understand the unique circumstances of both in-court and out-of-court situations and have significant experience involving a range of distressed residential, commercial and mixed-use projects. Notably, we won the M&A Advisor’s Real Estate Restructuring Transaction of the Year Award for our representation of Intrawest in its out-of-court restructuring, and the Cross Border Deal of the Year Award for our representation of Australia-based Centro Properties Group.

Like-Kind Exchange Transactions

Another significant area regularly covered by the Real Estate Group is the structuring and coordination of like-kind exchange transactions, including the properties located at 399 Park Avenue, 875 Third Avenue and 1370 Avenue of the Americas in New York.

  • AREA Property Partners in connection with the formation of AREA Real Estate Finance Corporation and a related co-investment fund;
  • Babson Capital Management LLC, a subsidiary of MassMutual, in its formation of four mezzanine loan funds and a preferred equity development fund;
  • BlackRock Realty Advisers, Inc. in connection with the formation of three real estate funds;
  • Colony Capital, LLC in its formation of the Colony 2011 ADC fund and the Colony Bulls fund;
  • Dividend Capital Trust in connection with the formation of two real estate funds;
  • Dune Capital Management in connection with the formation of Dune Real Estate Fund LP and Dune Real Estate Fund II LP and related co-investment funds;
  • Fir Tree Capital in connection with the formation of a hybrid real estate private equity-hedge fund;
  • Fortress Investment Group LLC in the formation of Fortress Investment Fund I - V LP, various co-investment funds and side car funds;
  • Fortress Residential Investment Deutschland Fund LP in its formation of a $2 billion private equity fund;
  • H/2 Capital Partners in its formation of a real estate-related distressed securities fund;
  • NorthStar Capital Investment Corp in the formation of a mezzanine loan fund;
  • RREEF America L.L.C. in connection with the formation of a real estate debt fund;
  • Resmark Communities, LLC in establishing a $600 million multifamily property fund;
  • Silverstein Properties, Inc. in connection with the formation with a public pension fund of Metro Fund LLC, to acquire properties in the New York metropolitan area;
  • Tishman Speyer in connection with the formation of a U.S. real estate fund and a foreign real estate fund;
  • The Sage Group plc (United Kingdom), a provider of accounting and business management software and services, in the US$101 million sale of three of its non-core products in the United States to Accel-KKR LLC, a private equity firm, and SwiftPage, a provider of marketing application software;
  • UrbanAmerica LP in connection with the formation of two real estate funds with an investment focus on value added investments in inner-city and other properties eligible for credit under the Community Reinvestment Act; and
  • various Asia-based sovereign wealth funds (total investments in excess of $2 billion) in joint ventures, co-mingled fund investments, and separate accounts for investment in United States and European real estate assets and development, including office, retail and residential.

 

  • Alexandria Real Estate Equities, Inc., a REIT, in acquiring, financing and structuring interests in properties to be used for life-science purposes (including the formation of a DownREIT structure);
  • American Capital Agency in numerous public offerings of common stock totaling nearly $9 billion;
  • American Capital Mortgage Investment Corp. in numerous public offerings of common stock;
  • Apartment Investment and Management Company (AIMCO), in its $318 million offering of common stock and its $277 million offering of Class A common stock; various joint venture negotiations; historically, in a relationship established in 1995, in acquiring another REIT and in selling, acquiring, financing, managing and structuring equity interests in portfolios of private and public partnerships and apartment projects (in exchange for cash and/or common or preferred OP units in the AIMCO operating partnership);
  • AREA Property, in connection with Apollo Real Estate Finance Corporation and AREFIN Co-Investment Corporation, two REITs engaged in real estate-related debt financing for various investments and acquisitions;
  • Brookdale Senior Living Inc. (a portfolio company of Fortress Investment Group LLC), an operator of assisted and independent living centers, retirement communities and nursing homes, in its approximately $204 million acquisition of 21 senior housing communities from affiliates of Sunrise Senior Living, Inc.;
  • Colony American Homes, Inc. in:

    • connection with its $800 million warehouse financing for its single family home portfolio, arranged by JPMorgan Chase Bank, N.A.; and
    • its merger with Starwood Waypoint Residential Trust;
  • Colony Capital in the $660 million acquisition by Colony Financial of substantially all of Colony Capital’s real estate and investment management businesses and operations;
  • Colony Realty Partners II REIT in connection with the restructuring of subsidiary CRP-2 Holdings AA, L.P. and its real estate portfolio, as part of CRP-2 Holdings AA’s Chapter 11 case in the U.S. Bankruptcy Court for the Northern District of Illinois;
  • Column Financial in connection with the CMBS financing for NorthStar Realty Finance Corp.’s $4 billion acquisition of Griffin-American Healthcare REIT II;
  • CommonWealth REIT (formerly known as HRPT Properties Trust), a REIT managed by Reit Management & Research LLC, in various leasing, acquisition and sale transactions involving office, medical, industrial, warehouse, retail, senior housing and ground lease properties;
  • CyrusOne Inc., a subsidiary of Cincinnati Bell Inc., as special REIT tax counsel in CyrusOne’s proposed spin-off via an initial public offering of common stock;
  • Dune Real Estate in the formation of real estate private equity funds structured around REITs;
  • Emeritus Corporation in the $1.7 billion sale and leaseback of 133 senior housing communities to HCP, Inc.;
  • The Ensign Group, Inc. in the separation of its health care and real estate businesses into two independent, publicly traded companies through a spin-off that is intended to be tax-free. This includes The Ensign Group, Inc. and CareTrust REIT, Inc.;
  • Fir Tree Inc. in the formation of a real estate hedge fund structured around a U.S. REIT;
  • Formation Capital LLC in the creation of FC Domino Acquisition, LLC, a newly formed REIT, and its simultaneous US$870 million acquisition of substantially all of the U.S. real estate and operations of Extendicare Inc. (Canada) and the master leasing of all of the acquired real estate to regional operators;
  • Gaylord Entertainment Company in connection with its conversion into a real estate investment trust. As part of the conversion, Gaylord sold the right to manage its hotels and the Gaylord brand to Marriott International, Inc. for $210 million;
  • The GEO Group, Inc. in its potential conversion into a real estate investment trust;
  • Goldman, Sachs & Co., Crédit Agricole Corporate and Investment Bank, Credit Suisse Securities (Europe) Limited, J.P. Morgan Securities plc, Merrill Lynch International and Barclays Bank PLC as joint bookrunning managers in a €500 million offering of 4% senior notes due 2022 by MPT Operating Partnership, L.P. and MPT Finance Corporation, subsidiaries of Medical Properties Trust Inc.;
  • Goldman, Sachs & Co., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc., Credit Agricole Securities (USA) Inc., Credit Suisse Securities (USA) LLC and KeyBanc Capital Markets Inc. as joint bookrunning managers in a $306 million offering of common stock by Medical Properties Trust Inc.;
  • HCP, Inc., a REIT that invests in real estate serving the health care industry, in its $6.1 billion acquisition of the senior living facilities of HCR ManorCare, Inc. We also advised HCP in its concurrent primary offering of $1.5 billion of common stock, the largest follow-on offer ever for a REIT, and in its $2.4 billion offering of senior unsecured notes, the largest REIT bond offering ever;
  • HCP Inc. in its:

    • $600 million offering of 4% senior notes due 2022;
    • $83 million sale of nine nursing centers to Kindred Healthcare Inc.;
    • $161 million acquisition of a medical office building located in Philadelphia, Pennsylvania, with 705,000 square feet of rentable space; and
    • $66 million acquisition of The Solana Germantown senior living facility in Germantown, Tennessee from FSP Germantown LLC;
  • Holiday Acquisition Holdings in its US$491 million sale/lease buyback of 25 independent living communities to National Health Investors; and its US$1 billion sale of a portfolio of 52 senior housing properties to Newcastle Investment; and its $550 million sale of a portfolio of 21 independent living facilities to Sabra Health Care REIT;
  • the independent directors of Inland American Real Estate Investment Trust in successfully obtaining the dismissal of a federal class action which challenged the value of shares sold to investors through a distribution reinvestment plan;
  • Ladder Capital in its proposed conversion to a REIT;
  • The Leona M. and Harry B. Helmsley Charitable Trust and the Estate of Leona M. Helmsley, the largest shareholder of Empire State Realty Trust, Inc., in Empire State Realty Trust’s US$930 million initial public offering of Class A common stock and listing on the New York Stock Exchange;
  • Merrill Lynch International, Deutsche Bank Securities Inc. and J.P. Morgan Securities Plc as joint bookrunning managers in a €200 million high-yield offering of 5.75% senior notes due 2020 by MPT Operating Partnership, L.P. and MPT Finance Corporation, subsidiaries of Medical Properties Trust Inc.;
  • Nationwide Health Properties, Inc. in a multiyear DownREIT transaction valued at approximately $1.8 billion with Pacific Medical Buildings LLC;
  • Newcastle Investment Corp. in numerous offerings of common stock;
  • Pinnacle Entertainment in:

    • the unsolicited, but subsequently agreed upon, acquisition of substantially all of its real estate by Gaming and Leisure Properties, Inc.; and
    • the proposed separation of its operating assets and its real estate assets into two separate, publicly traded companies;
  • PT Modernland Realty Tbk. (Indonesia) in its US$150 million Rule 144A/Regulation S high-yield offering of 11% guaranteed senior notes due 2016, which were listed on the Singapore Stock Exchange;
  • Putnam Mortgage Opportunities Company in its proposed $300 million initial public offering of common stock;
  • RBC Capital Markets, National Bank of Canada Financial and BofA Merrill Lynch as U.S. placement agents in a C$317 million offering of Commercial Mortgage Backed Securities issued by Institutional Mortgage Securities Canada, Inc. This was the first offering of a pool of Canadian mortgages in the U.S. since the financial crisis;
  • Select Income REIT, a subsidiary of CommonWealth REIT, in its $198 million initial public offering of common shares of beneficial interest; and in its $3 billion acquisition of Cole Corporate Income Trust;
  • SL Green Realty Corp. in its $230 million offering of 6.5% Series I cumulative redeemable preferred stock; in connection with its refinancing of 1515 Broadway in New York; and in connection with a mezzanine loan enforcement action, subsequent litigation and settlement of litigation related to 510 Madison Avenue in New York and in the complex recapitalization of more than $900 million of debt and equity in a 59 building, 4.5-million-square-foot office portfolio in Southern California, including the formation of a joint venture with an affiliate of Blackstone Real Estate Partners VII, Gramercy Capital Corp. and Square Mile Capital Management LLC;
  • Western Asset Mortgage Capital Corporation in its $160 million initial public offering of common stock and concurrent $45 million private placement of units; and
  • Windstream in its spin-off of certain telecommunications network assets into a separate, publicly traded real estate investment trust.
  • Altitude Management in its sale of certain real estate assets in Russia to Onexim Group;
  • Amherst Holdings LLC in the US$652 million sale of 4,262 single family rental properties to Altisource Residential, L.P.;
  • Atlantic Blue Group, Inc. in its US$138 million sale of a 51 percent stake in Alico Inc. to an investor group led by Arlon Group LLC;
  • AustralianSuper Pty Ltd. in its partnership with General Growth Properties, Inc. to own and operate the Ala Moana Center mall located in Honolulu, Hawaii, which is valued at approximately $5.5 billion;
  • Banco Popular de Puerto Rico in its proposed $22 million acquisition of the buildings and parking lots of Doral Financial Corporation as part of Doral Financial’s Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of New York;
  • Boston Properties, Inc., a real estate investment trust, in connection with the sale of 280 Park Avenue, 399 Park Avenue, 5 Times Square in New York and a 49 percent interest in Times Square Tower;
  • affiliates of The Carlyle Group LP, Sequoia Capital and Actis Capital, LLP in the $1.3 billion sale of an 81 percent stake in Keystone Lodging Holdings Ltd. to Shanghai Jinjiang International Hotels Development Co.;
  • Centro Properties Group (Australia) in its $9.4 billion sale via an auction of its U.S. shopping centers to The Blackstone Group L.P. This transaction was named “Private Equity Deal of the Year” by mergermarket at the Americas’ M&A Awards 2011;
  • Chartwell Seniors Housing Real Estate Investment Trust (Canada), an owner and operator of assisted living and independent senior housing communities, in connection with the acquisition and financing of more than $1.2 billion of U.S. senior housing portfolios and the subsequent disposition of a $320 million portfolio of properties;
  • Colony Capital in:

    • its US$220 million acquisition of a portfolio of 113 mixed residential and commercial properties from Intesa Sanpaolo S.p.A. (Italy);
    • its US$177 million acquisition, along with a number of co-investors, of 14 high-end real estate properties in Rome from UniCredit S.p.A. (Italy); and
    • its nonbinding agreement with Colony Financial for a potential $657.5 million combination;
  • Constellation Hotels Holding Limited (Luxembourg) in its acquisition of the Claridges, Berkeley and Connaught hotels;
  • Deutsche Bank AG in its:

    • $1.7 billion sale of The Cosmopolitan of Las Vegas, a hotel and casino, to Blackstone Real Estate Partners VII, L.P.; and
    • sale of Deutsche Bank Berkshire Mortgage to Ranieri Real Estate Partners, LP and private equity funds affiliated with WL Ross & Co. LLC;
  • DEXUS Property Group (Australia) in the $561 million sale of the majority of its U.S. industrial real estate portfolio (consisting of properties and land in Texas);
  • DHA Capital in connection with the acquisition of development sites in Greenwich Village and Midtown Manhattan;
  • DLJ Real Estate Capital Partners LLC in its purchase of the Thornton Lofts, a rental property in Venice Beach, California, from an investor;
  • ECHO Realty, L.P. in its acquisition of two retail properties from the Armstrong Group of Companies in exchange for common operating partnership units in ECHO;
  • E-House (China) Holdings Limited in its $600 million acquisition of China Real Estate Information Corporation, in which E-House acquired the CRIC shares it didn’t already own in a going-private share swap transaction accomplished by a merger;
  • FCT Health Holdings in its million acquisition of CLP Healthcare Services, Inc. d/b/a Hospice Compassus;
  • FelCor Lodging Trust Inc., along with Highgate Holdings LLC, in their $115 million acquisition of the New York Knickerbocker Hotel;
  • Fiducial Real Estate in its acquisition of Participations Services Investissements Immobiliers SAS from Uffi Participations SAS.;
  • Formation Capital, LLC:

    • in its US$1 billion joint venture with NorthStar Realty Finance Corp. in which Formation and NorthStar simultaneously acquired six health care real estate portfolios, including 43 primarily private-pay senior housing facilities and 37 skilled nursing facilities, from investment partnerships and REITs owned and managed by Formation Capital and SAFANAD Limited (Switzerland);
    • as sponsor and HCP, Inc. as lender in the US$763 million acquisition by an acquisition vehicle backed by Formation Capital of the NHP Group, an owner of health care facilities in the United Kingdom;
    • in the creation of FC Domino Acquisition, LLC, a newly formed REIT, and its simultaneous US$870 million acquisition of substantially all of the U.S. real estate and operations of Extendicare Inc. (Canada) and the master leasing of all of the acquired real estate to regional operators; and
    • as sponsor and HCP, Inc. as lender in the US$763 million acquisition by an acquisition vehicle backed by Formation Capital of the NHP Group (United Kingdom);
  • Gaming and Leisure Properties, Inc. in its US$140 million acquisition of the real estate assets of the Casino Queen in East St. Louis, Miss., and the lease-back of the property to Casino Queen, Inc.;
  • Genesis HealthCare Corporation in the $2.4 billion acquisition of substantially all of its real estate assets by Health Care REIT, Inc.;
  • The Georgetown Co. in connection with the acquisition of a 25 percent tenancy in common interest under a ground lease in New York City, and in the acquisition of an office building in Boston;
  • GIC in its $1.3 billion acquisition, through its joint venture with The Related Companies, of the 1.1 million square feet of office space owned by Time Warner in the Time Warner Center; and in connection with a $210 million joint venture with Gávea Investimentos Ltda., an affiliate of J.P. Morgan Asset Management, for the purpose of investing in real estate development opportunities in Brazil;
  • Government of Singapore Investment Corporation Pte. Ltd. (GIC) in its co-investment with Global Logistic Properties Limited (Singapore) to acquire IndCor Properties, Inc. from Blackstone Real Estate Advisors for US$8.1 billion;
  • Gramercy Capital Corporation in the proposed foreclosure sale of Cupertino Square, LLC, a shopping mall in California;
  • HCP Inc. in its:

    • US$83 million sale of nine nursing centers to Kindred Healthcare Inc.;
    • US$161 million acquisition of a medical office building located in Philadelphia, Pennsylvania, with 705,000 square feet of rentable space; and
    • US$66 million acquisition of The Solana Germantown senior living facility in Germantown, Tennessee from FSP Germantown LLC;
  • HEI Hospitality, LLC in the acquisition and financing of the Liberty Hotel in Boston;
  • Holiday Acquisition Holdings LLC, an affiliate of HRC Investors Corp., in its US$491 million sale/lease buyback of 25 independent living communities to National Health Investors Inc.; and its US$1 billion sale of a portfolio of 52 senior housing properties to Newcastle Investment Corp.;
  • Holiday Acquisition Holdings Corp. in its US$550 million sale of a portfolio of 21 independent living facilities to Sabra Health Care REIT, Inc.;
  • HRC Investors Corp. in its US$790 million sale of a 26-property portfolio of independent living communities to Ventas, Inc.;
  • IFM Immobilien AG, a commercial real estate investor and project developer, in:

    • its €11.5 million sale of an office building, Ulmenstraße 22, in Frankfurt, Germany, to AmpegaGerling Investment GmbH; and
    • its €55 million sale of an office building, westendFirst, in Frankfurt, Germany, to Bayerische Apothekerversorgung (Germany), a pharmaceutical company;
  • InvenTrust Properties Corp. in its $1.4 billion sale of its student housing platform to UHC Acquisition Sub LLC;
  • Jeff Sutton in connection with a joint venture with SL Green to acquire interests in a property located at 650 Fifth Avenue;
  • a joint venture sponsored by affiliates of TPG Capital, L.P. and DivcoWest (as co-sponsor) in its $798 million acquisition of the real estate assets of Mission West Properties, Inc., a real estate investment trust;
  • the largest investor in connection with its fund investments with Mexico Retail Properties and the disposition by MRP of 49 properties and the related management business to Fibra Uno for approximately $1.8 billion, the largest ever real estate deal in Mexico;
  • The Leona M. & Harry B. Helmsley Charitable Trust in connection with the sale of the Helmsley Park Lane Hotel to a group of investors led by Steven Witkoff; and its sale of the New York Helmsley Hotel to Host Hotels & Resorts Inc., a REIT, for $313.5 million. The sale, which equates to a price of approximately $400,000 per room, represents a marked step forward in the rebounding New York City luxury hotel market. Host, together with Starwood Hotels and Resorts, plans to renovate and rebrand the 775 room hotel;
  • Mercedes-Benz Manhattan, Inc. in its $200 million purchase of a new, built-to-suit, automobile dealership of approximately 400,000 square feet;
  • Nationwide Health Properties, Inc. in a multiyear transaction valued at approximately $1.8 billion with Pacific Medical Buildings LLC, including the acquisition of a portfolio of medical office buildings, a 50 percent interest in a full-service property management company and an opportunity to purchase new medical office buildings developed by Pacific Medical Buildings in the future;
  • Newcastle Investment Corp. in its $170 million acquisition of a 65 percent interest in Excess Mortgage Servicing Rights from Nationstar Mortgage LLC in connection with Newcastle’s acquisition of mortgage servicing assets from Aurora Bank FSB; and in its $232.5 million acquisition of 17 senior housing facilities and related management assets;
  • Plum Creek Timber Company, Inc. with the tax aspects of its US$930 million acquisition of industrial timberlands and related assets from MeadWestvaco Corporation. Skadden also represented Plum Creek in the related acquisition financing, which included a US$545 million offering of common stock;
  • QIC Global Real Estate (Australia) in:

    • its US$174.4 million acquisition of the Tanforan Shopping Center in San Mateo County, California, and in the related mortgage loan; and
    • an agreement with Forest City Enterprises to form joint ventures to recapitalize and invest in a portfolio of eight of Forest City’s regional retail malls, valued at $2 billion;
  • RREEF America REIT III and the Carlyle Group (as co-owners), in connection with the $401 million sale of two apartment buildings on Riverside Boulevard in Manhattan;
  • R.G.I. International Limited, a real estate development and management company in Russia, in connection with its neutral response to the $340 million mandatory cash offer by Direct Finance LLC, a subsidiary of the Russian state-owned GLOBEX Bank;
  • Sentinel Data Centers in its $375 million sale of three data centers to Digital Realty Trust;
  • Silverstein Properties, Inc.:

    • in a joint venture with Migdal Insurance Company and Menora Insurance Company to recapitalize 120 Wall Street, an office building in Manhattan;
    • in connection with the $360 million sale of 575 Lexington Avenue, an office building in Manhattan;
    • in its $138.5 million the sale of Beekman Tower, an extended-stay apartment building in Manhattan New York; and
    • in connection with the sale of an office building at 570 Seventh Avenue;
  • a fund sponsored by Simone Managers Co., Ltd. (South Korea) in its acquisition of a US$70 million junior mezzanine loan position from Bank of America, N.A.;
  • Sony Corporation of America in the $1.1 billion sale of its U.S. headquarters building at 550 Madison Avenue in Manhattan to a consortium led by The Chetrit Group, LLC;
  • a subsidiary of Lehman Brothers Holdings, Inc. in its sale of the 8,100 acre Moonlight Basin ski resort in Big Sky, Montana;
  • TPG Capital, L.P. in its:

    • $278 million acquisition of Assisted Living Concepts Inc., an owner and operator of 200-plus assisted living facilities; and
    • $478 million acquisition of a portfolio of light industrial properties from Prologis, L.P.;
  • Two Trees Management in connection with its acquisition of a development site in the BAM cultural district in Brooklyn and with the sale of commercial condominium units to the New York Police Department for use as a stable and to the New York Department of Citywide Administrative Services for use as a public school;
  • Sungate Properties, an investment vehicle for Zhang Xin, a prominent Chinese real estate developer, in the joint US$700 million acquisition of a 40 percent interest in the General Motors Building (New York, N.Y.) with affiliates of the Safra family, including negotiation of joint venture agreement with Boston Properties, the manager and 60 percent owner of the building;
  • Westfield America, Inc. in its formation of a $4.8 billion joint venture with Canada Pension Plan Investment Board for twelve of Westfield’s shopping centers in the U.S.; and
  • Westfield Group (Australia):

    • as U.S. tax counsel in connection with the merger of its Australian and New Zealand operations with Westfield Retail Trust (Australia) to form two new entities. The Australian business will be called Scentre Group, and the international group will be called Westfield Corporation;
    • in its US$1.3 billion joint venture with O’Connor Capital Partners; and
    • with the tax aspects of its $1 billion joint venture with Starwood Capital Group, LLC. This transaction included Westfield’s sale of seven U.S. shopping centers to Starwood.
  • Alexandria Real Estate Equities, Inc. in:

    • $2.25 billion of senior unsecured credit facilities from Bank of America, N.A.;
    • a US$1.5 billion revolving facility and a US$600 million term loan facility;
    • the refinancing of a $750 million unsecured term loan; and
    • a $250 million senior unsecured term loan facility from Citigroup;
  • Apartment Investment and Management Company in a $500 million senior secured revolving credit facility, which included a $100 million sublimit for the issuance of standby letters of credit and a $100 million sublimit for swing line loans;
  • Arbor Realty Trust, Inc. in its US$43 million offering of common stock;
  • Atrium European Real Estate Ltd. (the Channel Islands) in its:

    • ₤125 million unsecured revolving credit facility; and
    • €350 million Regulation S offering of 4% Eurobonds due 2020;
  • Bank of America Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC as joint bookrunning managers in the US$949 million IPO of common stock of Brixmor Property Group Inc. (a portfolio company of The Blackstone Group L.P.);
  • BNP Paribas and UBS as joint global coordinators, and Guotai Junan Securities (Hong Kong) Limited, Haitong International and Deutsche Bank as joint bookrunners in a US$100 million Rule 144A/Regulation S high-yield offering of 13.75% senior notes due 2018 by Wuzhou International Holdings Limited (Hong Kong). The notes were listed on the Hong Kong Stock Exchange;
  • BOC International, DBS Bank Ltd., Deutsche Bank, HSBC, J.P. Morgan and UBS as joint lead managers and joint bookrunners in a US$300 million high-yield offering of 8.75% senior notes due 2018 by Yuzhou Properties Company Limited (Hong Kong). The notes were listed on the Hong Kong Stock Exchange;
  • BOCI Asia Limited as dealer manager in the consent solicitation of high-yield senior notes due 2014 issued by Shanghai Industrial Urban Development Group Limited (China) in connection with its acquisition of a 60 percent interest in a real estate company from its parent Shanghai Industrial Holdings Limited, one of the largest overseas conglomerates under the Shanghai Municipal Government;
  • BofA Merrill Lynch, J.P. Morgan Securities LLC, Goldman, Sachs & Co. and Deutsche Bank Securities Inc. as joint bookrunning managers in a $400 million offering of 4.5% Series F senior notes due 2026 by Host Hotels & Resorts, L.P.;
  • Brookfield Office Properties in its commitments for up to $1 billion in financing on two of the four office towers at Brookfield Place in Lower Manhattan: the 2.5-million-square-foot 225 Liberty St. (f/k/a 2 World Financial Center) and the 1.8-million-square-foot 250 Vesey St. (f/k/a 4 World Financial Center);
  • affiliates of Colony Capital, LLC in the negotiation and closing of a US$21 million construction mezzanine loan secured by a 264-unit multifamily development in Orange County, California;
  • Colony Capital LLC in its construction financing of the Le Barthelemy Hotel and Villas development in St. Barthelemy;
  • Column Financial, Inc., the real estate finance subsidiary of Credit Suisse AG, in connection with the CMBS financing for NorthStar Realty Finance Corp.’s US$4 billion acquisition of Griffin-American Healthcare REIT II, Inc.;
  • Credit Suisse AG as administrative agent in connection with an amendment to Starwood Property Trust, Inc.’s term loan facility, which provided for the incurrence of US$375 million in additional term loans and expanded the borrowing base to include certain foreign assets, including loans governed by English law;
  • Credit Suisse Securities (USA) LLC as initial purchaser in a US$58 million Rule 144A offering of 8% exchangeable senior notes due 2016 by ZAIS Financial Partners, L.P., the operating partnership through which ZAIS Financial Corp. conducts its business;
  • Demoulas Super Markets, Inc. in its $1 billion mortgage financing from Morgan Stanley Bank, N.A. and New York Life Insurance Company;
  • Deutsche Bank Securities Inc. in a US$750 million credit facility consisting of a US$300 million term loan and a US$450 million revolving credit facility to Strategic Hotels & Resorts Inc. secured by nine hotels, and in a US$115 million term loan to Strategic Hotels secured by the Ritz-Carlton Half Moon;
  • Deutsche Bank Securities Inc., Goldman, Sachs & Co. and J.P. Morgan Securities LLC as joint bookrunning managers in:

    • the $650 million initial public offering of common stock Extended Stay America, Inc. and Class B common stock of ESH Hospitality, Inc.; and
    • a $259 million secondary offering of paired common stock of Extended Stay America, Inc. and ESH Hospitality, Inc. by investment funds affiliated with Centerbridge Partners, L.P., Paulson & Co. Inc. and The Blackstone Group, L.P.;
  • Deutsche Bank AG in:

    • a US$300 million revolving credit facility to Strategic Hotels & Resorts; and
    • the US$1 billion secured first financing of Brookfield Place (formerly known as World Financial Center), first mortgage acquisition financings of the Loews Madison (Washington, D.C.), Boston Back Bay (Massachusetts) and Hollywood Hotels, and numerous other matters;
  • Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBC Capital Markets, LLC, Citigroup Global Markets Inc., Jefferies LLC, J.P. Morgan Securities LLC, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC as joint bookrunning managers in a $500 million offering of 3.875% senior notes due 2022 by Brixmor Operating Partnership LP, the operating partnership through which Brixmor Property Group Inc. conducts its business.;
  • E-House (China) Holdings Limited, a real estate services providers based in China, and Kanrich Holdings Limited (British Virgin Islands) in connection with a US$44 million margin loan facility made available to Kanrich, a company owned by certain members of E-House’s management; and in its US$135 million Rule 144A/Regulation S offering of 2.75% convertible senior notes due 2018;
  • Forestar Group, Inc., a real estate, mineral, and fiber resource company, in its $125 million offering of 3.75% convertible senior notes due 2020;
  • Formation Capital LLC in its $348 million mortgage financing from CBRE Capital markets, Inc. and Federal Home Loan Mortgage Corporation;
  • Fortress Investment Group in connection with the $275 million acquisition financing of 143 Red Roof Inns purchased by Five Mile Capital Partners and Westmont Hospitality Group. The hotels were purchased pursuant to a deed-in-lieu agreement with the prior owners;
  • The GEO Group, Inc. in its US$250 million Rule 144A/Regulation S high-yield offering of 5.875% senior unsecured notes due 2022;
  • The Georgetown Company, LLC in connection with the $118 million acquisition financing of a residential tower in Chicago;
  • German American Capital Corporation in the US$115 million first mortgage financing of the Intercontinental Hotel in Miami, Florida;
  • Goldman, Sachs & Co. as sole bookrunning manager in a US$118 million offering of common stock by PS Business Parks, Inc.;
  • Goldman Sachs and Deutsche Bank as global coordinators in the €1.3 billion initial public offering of LEG Immobilien (Germany), a residential real estate company owned by Goldman Sachs real estate fund Whitehall;
  • Guotai Junan Securities (Hong Kong) Limited, Merrill Lynch International and Credit Suisse Securities (Europe) Limited as joint bookrunners in a $200 million Regulation S high-yield offering of 7.625% senior notes due 2018 by Powerlong Real Estate Holdings Limited (China). The notes were listed on the Singapore Stock Exchange;
  • a group of initial purchasers led by Credit Suisse Securities (USA) LLC in a US$750 million Rule 144A/Regulation S high-yield offering of 6.875% senior notes due 2021 by The Howard Hughes Corporation;
  • HCP, Inc. in the amendment and extension of an existing $1.5 billion unsecured revolving credit facility which extended the maturity to March 2016; and its US$800 million offering of 4.25% senior unsecured notes due 2023;
  • JPMorgan Chase Bank N.A. as:

    • administrative agent in a $150 million unsecured, delayed draw, syndicated term loan to Kilroy Realty, L.P. In connection with the new term facility, the existing revolving credit agreement was also amended;
    • syndication agent in a $1.25 billion revolving credit facility for ERP Operating Limited Partnership, the operating partnership through which Equity Residential conducts its business;
    • joint lead arranger in a $5 billion revolving credit facility for Simon Property Group, Inc.;
    • administrative agent in a $1.25 billion revolving credit facility for Vornado Realty L.P.; and
    • sole bookrunning manager in a US$72 million offering of common shares of beneficial interest by Ramco-Gershenson Properties Trust;
  • Jefferies LLC as sole bookrunning manager in a US$86 million offering of common stock by Omega Healthcare Investors, Inc. The proceeds will be used to finance a portion of Omega Healthcare’s proposed sale/leaseback transaction for 56 facilities operated by Ark Holding Company, Inc.;
  • LNR Property LLC in the refinancing of existing senior credit facilities with $365 million of new senior secured credit facilities comprised of a $325 million five-year term loan and a $40 million three-year revolving credit facility;
  • MSD Capital:

    • in connection with the $225 million financing of the Four Season Hualalai Resort; and
    • in the $525 million mortgage and mezzanine financing of the Four Seasons Maui resort and the single asset securitization of the mortgage loan;
  • Nationwide Health Properties, Inc. in an $800 million senior unsecured term loan facility from JPMorgan Chase Bank, N.A.;
  • Newcastle Investment Corp. in connection with two acquisition loans in the aggregate principal amount of $725 million by Goldman Sachs in favor of 52 Newcastle subsidiaries. The proceeds were used in connection with the acquisition of a $1 billion senior housing portfolio by Newcastle;
  • RBC Capital Markets, LLC and TD Securities (USA) LLC as co-lead arrangers in their US$1.5 billion financing commitment to Brookfield Asset Management Inc. (Canada) in connection with Brookfield’s US$2.5 billion acquisition of all the shares of Associated Estates Realty Corporation;
  • Realogy Corporation in connection with $1.25 billion of new senior secured credit facilities, which consisted of an expanded revolving credit facility of $815 million and a new $435 million Term Loan A facility;
  • Senior Housing Properties Trust (SNH) in a $620 million mortgage loan secured by two 15-story class A life science buildings located in Boston’s Seaport District. The buildings were acquired by SNH in May 2014 and are 96 percent leased to Vertex Pharmaceuticals, Inc. through 2028;
  • Sentinel Data Centers:

    • in connection with a syndicated financing of a data center;
    • in the US$88 million financing of a data center and the net lease of such a data center to a leading financial services company; and
    • in connection with a $90 million construction loan to build a new data center and in connection with a concurrent multiphase joint venture with Kelso & Company;
  • Silverstein Properties:

    • in its US$360 million financing of 1177 Avenue of the Americas, in New York, New York and the single asset securitization of this financing;
    • in connection with the $310 million financing of 120 Broadway and single asset securitization of the loan, and in connection with the $135 million refinancing of 120 Wall Street; and
    • in the $230 million financing of the One River Place residential and retail tower in New York;
  • SL Green in connection with the $900 million financing of 1515 Broadway and the single asset securitization of this financing; and
  • SL Green Realty Corporation in its US$1.45 billion mortgage financing of 388-390 Greenwich Street, New York, New York provided by a lending group led by Citigroup and including Bank of China, Wells Fargo and Barclays. A portion of the net proceeds of the refinancing were used to close on SL Green’s purchase of Ivanhoe Cambridge’s 49 percent interest in the property, on which Skadden also represented SL Green.
  • TPG Capital, L.P. in its $335 million acquisition loan in connection with the acquisition of a portfolio of light industrial properties from Prologis, L.P. and a $100 million line of credit relating to the operation of such properties.
  • André Balazs in connection with the development, strategic partnership and financing of the New York Standard Hotel, and in connection with the development of a boutique hotel in London;
  • Cyber One Agents Limited (Hong Kong), the developer of a mixed-use hotel, casino and retail project with Taubman Shopping Centers; and New Cotai Entertainment in connection with the casino management agreement with Melco PBL gaming, in the same development;
  • Devon Energy Corporation in the development of a new 1.8 million square foot world headquarters building in Oklahoma City;
  • Felcor Lodging Trust in connection with its acquisition and redevelopment of the landmarked Knickerbocker Hotel in Times Square, including a construction financing and EB-5 financing transaction;
  • Five Point Holdings Inc., in connection with a consolidation of multiple housing development projects in preparation for an initial public offering;
  • Hard Rock Hotel, Inc. and Peter Morton in connection with all preconstruction development phases associated with its planned hotel condominium development adjacent to the Hard Rock Hotel & Casino in Las Vegas;
  • The Howard Hughes Corporation in connection with the redevelopment of New York City’s historic South Street Seaport;
  • JSC Sistema-Hals (Russia) and Apsys (France) in the formation of a 50/50 strategic partnership to develop and manage retail real estate projects in Russia. The joint venture’s first investment is the indirect acquisition of Leto City (a retail center in Russia);
  • National Basketball Association in connection with the proposed development of a new arena in Sacramento, Calif.;
  • The Shed, a not-for-profit organization, in the development of a unique state-of-the-art exhibition, arts, culture and performance venue to be located within the Hudson Yards redevelopment;
  • Silverstein Properties in connection with:

    • the acquisition, financing and development of a property located at 1 West End Avenue;
    • its US$364 million joint venture with Four Seasons Hotels and Resorts (Canada) and Dune Real Estate Partners to develop the Four Seasons Orlando at Walt Disney World Resort;
    • the approximately $2.59 billion Liberty Bond financing of Towers 3 and 4 at the World Trade Center site. The representation includes negotiation of certain credit enhancement and other financial accommodations being provided by various public sector parties as well as contractual amendments relating to the ownership and leasing of the World Trade Center site;
    • the $700 million construction financing of the Silver Towers residential complex in midtown Manhattan; and
    • the $930 million development and financing of a Four Seasons hotel and condominium residence at 30 Park Place in lower Manhattan; and
  • a real estate company in Korea in the $120 million development and renovation of a residential condominium building in New York.
  • Boston Properties, Inc.:

    • in the surrender of Heller Ehrman’s New York headquarters in Times Square Tower in New York in connection with that firm’s bankruptcy, and the subsequent re-leasing of that space to Pryor Cashman; and
    • in the initial lease-up of 250 West 55th Street in New York;
  • Colony Capital, LLC in connection with a pre-development land loan for the Dream Times Square Hotel in New York City;
  • Credit Suisse in connection with its lease of an approximately 1.1 million square foot commercial office space at 11 Madison Avenue in New York;
  • The Daily News in connection with its new headquarters lease at 4 New York Plaza in New York;
  • Ernst & Young LLP in connection with the leasing of over 1 million square feet at Five Times Square, and the surrender and subsequent leasing of the floors to Comcast Corporation;
  • Knight Capital Group in connection with various leases and subleases in the United States;
  • Major League Baseball Properties, Inc. in connection with a 142,000 square foot lease of studio space in Secaucus, N.J., for a new MLB television network, including a 9,000 square foot replica ballpark studio;
  • Motion Pictures Association of America in connection with its headquarters lease in Los Angeles;
  • Panavision Inc., a manufacturer of cameras, lenses and lighting equipment, in its leases at 150 Varick Street in New York and 30-48th Avenue in Long Island City, N.Y.;
  • Reuters America Holdings, Inc. in connection with the leasing of 500,000 square feet at Three Times Square in New York;
  • Sentinel Data Centers in connection with the leasing and development of a build-to-suit data center for Bloomberg, L.P.;
  • Silverstein Properties:

    • in connection with the negotiation of: the leasing of 5,023 square feet at 4 World Trade Center to Dixon Hughes Goodman, LLP.; a seven-year lease with Telemetry at 7 World Trade Center in Manhattan; a six-year lease with Casey Family Services at 7 World Trade Center in Manhattan; a 20-year lease for MSCI Inc.’s world headquarters at 7 World Trade Center in Manhattan; and a 20-year lease for Wilmer Cutler Pickering Hale and Dorr LLP’s new New York office at 7 World Trade Center in Manhattan. The lease is the first to adopt Mayor Bloomberg’s “green lease language,” which allows tenants and owners to share the costs, as well as the benefits, of energy efficiency improvements; and
    • in the initial lease-up of Towers 2, 3 and 4 in the World Trade Center;
  • Societe Generale in connection with the negotiation of the largest new lease signed in New York City in 2010, consisting of a 10 year sublease with JPMorgan Chase Bank, N.A. and a subsequent 10 year direct lease with Brookfield Financial Properties, L.P. for Societe Generale’s new corporate headquarters at 245 Park Avenue;
  • Sony Corporation of America in connection with its headquarters lease; and
  • Westfield Corporation (Australia) in its US$925.4 million joint venture with O’Connor Capital Partners to manage, lease and develop a portfolio of regional malls.
  • Centro Properties Group (Australia):

    • in the restructuring of its A$16 billion of Australian debt through a debt-for-equity exchange and a proposed combination of numerous affiliated companies and funds to create the second-largest commercial property owner in Australia. This transaction was named as the “Turnaround of the Year (Large Market),” “Distressed M&A Deal of the Year (Upper Middle Market)” and “Real Estate Deal of the Year ($500 Million and Over)” at the 2012 M&A Advisor Turnaround Awards; and
    • in connection with the restructuring of A$4 billion and US$2.6 billion of debt and obtaining a new $370 million liquidity facility. This transaction received the 2009 Cross Border Deal of the Year Award at the M&A Advisor’s Annual Turnaround Awards dinner;
  • Colony Realty Partners II REIT in connection with the restructuring of subsidiary CRP-2 Holdings AA, L.P. and its real estate portfolio, as part of CRP-2 Holdings AA’s Chapter 11 case in the U.S. Bankruptcy Court for the Northern District of Illinois;
  • Column Financial Inc. in connection with the $360 million mortgage loan on the Resorts Atlantic City Casino Hotel;
  • Credit Suisse:

    • as agent under a $375 million first-lien mortgage loan credit facility, in connection with the bankruptcy of the Yellowstone Club;
    • as agent under a $525 million first-lien mortgage loan credit facility, in connection with the bankruptcy of four development projects owned by Ginn Resorts;
    • as agent, and Wells Fargo, as successor agent, under a $440 million first-lien mortgage loan credit facility in connection with the bankruptcy of the Tropicana Las Vegas hotel and casino; and
    • as lead arranger and administrative agent in an approximately $297.9 million exit financing for Buffets, Inc., the nation’s largest steak-buffet restaurant chain with operations in 42 states, consisting of a $117.5 million senior secured first-lien term facility, a $39.3 million senior secured second-lien synthetic letter of credit facility and a $141.1 million senior secured second-lien term facility;
  • Deutsche Bank AG in connection with:

    • a consensual foreclosure action and all aspects of owning and developing a $3.8 billion multi-use casino development project in Las Vegas;
    • the restructuring of an approximately $330 construction loan for a mixed-use development in New York;
    • the foreclosure of a $98 million construction loan on a resort hotel in Nevada, where the borrower filed for bankruptcy during the foreclosure process; and
    • the restructuring of a $50 million mezzanine loan for a mixed-use development in Las Vegas;
  • Gaming and Leisure Properties, Inc. in its US$153 million joint bid with affiliates of Mohegan Tribal Gaming Authority for the purchase of certain assets of Florida Gaming Centers, Inc., including the Casino Miami Jai Alai and Fort Pierce Jai Alai properties in Florida, as part of Florida Gaming Centers’ Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of Florida;
  • Green Loan Services as mezzanine loan servicer in connection with the UCC foreclosure sale of the equity in the John Hancock Tower in Boston and 10 Universal City Plaza in Los Angeles;
  • Intrawest in connection with the restructuring of a $1.7 billion credit facility through the simultaneous extension of maturity and the obtaining of an additional $100 million of liquidity. This transaction received the Real Estate Restructuring Transaction of the Year Award and the Out of Court Reorganization of the Year Award at the M&A Advisor’s Annual Turnaround Awards 2009;
  • MSD Capital in connection with the restructuring of $425 million of debt secured by the Four Seasons Maui;
  • Residential Capital, LLC, a subsidiary of GMAC Financial Services, with certain aspects of its global refinancing, one of the largest global refinancings in history, including the refinancing of $14 billion of bond debt through an exchange offer, the procurement of a $3.5 billion loan from GMAC and agreements to provide an additional $2.4 billion liquidity;
  • RREEF America REIT III in connection with its restructuring and recapitalization efforts, which resulted in a negotiated expansion and restructuring of its revolving credit facility and negotiated solutions with its subsidiaries’ secured lenders; and
  • RREEF Global Opportunities LLC in connection with the restructuring of a $200 million loan encumbering a condominium project in the state of Washington, and the sale of a portfolio of multifamily properties in Maryland and Virginia.
  • Bank of America in connection with the approximately $650 million Liberty Bond issuance for the construction of One Bryant Park; and
  • Silverstein Properties, Inc. in connection with:

    • the approximately $2.6 billion Liberty Bond issuance for the construction of Towers 3 and 4 of the World Trade Center; and
    • the approximately $700 million HFA-sponsored bond issuance for the construction of Silver Towers residential project.
  • Mercedes-Benz Manhattan, Inc. in connection with structuring the sale of an existing facility and the purchase of a replacement facility on a build to suit basis as a forward or reverse like-kind exchange.