Ms. Rabia has represented many clients in connection with the acquisition, financing, development and disposition of office buildings, hotels, resorts, arts venues, multi-use commercial developments, senior living residences and residential developments, including Empire State Development, Brookfield Property Partners, Shed NYC, TPG Capital, Formation Capital, RREEF America, ARES Management, Silverstein Properties, André Balazs, Ian Schrager and the Estate of Leona M. Helmsley.
Ms. Rabia is currently representing Moynihan Station Development Corp. and Empire State Development in connection with the redevelopment of the Farley Post Office building, which will have a resounding impact on the residents of New York along with hundreds of thousands of daily commuters. The approximately $3 billion project will create a new train hall for LIRR and Amtrak passengers, increasing floor space in the Pennsylvania Station-Farley Complex by more than 50 percent. Additionally, the building will be home to nearly 700,000 square-feet of commercial, retail and dining space. For several years, Ms. Rabia has represented Shed NYC in the development of New York’s first arts center of its kind, bridging the High Line and Hudson Yards, featuring a telescoping shell on rails that will allow the structure to expand or contract to accommodate performance, visual arts, events and other works. Other recent representative transactions include Silverstein Properties in connection with the formation of a new investment platform and the first acquisition by such platform of a property in New York; TPG Capital in its approximately $450 million acquisition of Enlivant (f/k/a Assisted Living Concepts, Inc.) and its $375 million acquisition of a national portfolio of light industrial properties; Formation Capital, LLC in connection with its $870 million acquisition of substantially all of the U.S. business of Extendicare Inc., a provider of senior care services; and Ares Management in connection with the workout of distressed debt. Other clients Ms. Rabia has advised include Genesis HealthCare in its combination with Skilled Healthcare Group, Inc. to create one of the largest post-acute care providers in the United States; Demoulas Supermarkets, Inc. in its $1 billion mortgage financing from Morgan Stanley Bank, N.A. and New York Life Insurance Company; Bank of America, N.A. in the acquisition and development of the bank’s New York City office headquarters; Alexandria Real Estate in its ground lease from the city of New York for the development of the East River Science Park, the first private bioscience project in New York City; and Morgan Stanley in connection with a potential new headquarters transaction.
Ms. Rabia also represents numerous funds in connection with their formation, capital raising, subscription financing and restructurings, including Ares Management (formerly known as AREA Property Partners), RREEF America and BlackRock Realty, and advises major lending institutions, including Deutsche Bank and Fortress Investments, and borrowers in the origination of mortgage loans, securitized real estate loans, mezzanine loans, construction loans and unsecured revolving credit facilities.
In addition, Ms. Rabia continues to be active in pro bono work, representing nonprofit Dream (f/k/a Harlem RBI) in developing a new high school building and Covenant House in the sale of property in New York. Ms. Rabia repeatedly has been included in The Best Lawyers in America, was included among Real Estate Forum’s 2016 Women of Influence and was named by the New York State Bar Association as a 2015 Empire State Counsel Honoree for performing more than 50 hours of pro bono work during the year.