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Transactional

Real Estate

  • WME Enters Into Flatiron District Lease

    CorporateReal Estate

    Paul, Weiss client William Morris Endeavor (WME) has leased approximately 70,000 square feet of space to relocate its New York offices to 11 Madison Avenue. The renowned talent agency will occupy a full floor in the tower between 24th and 25th Streets, overlooking Madison Square Park.

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  • Vice Leases New Headquarters Space in Williamsburg, Brooklyn

    FinanceReal EstateMedia & Entertainment

    As reported in The Wall Street Journal, New York Magazine and other news sources, Paul, Weiss client Vice Media Inc. has entered into lease agreements for approximately 60,000 square feet of space for its new headquarters to be located on South 2nd Street in Williamsburg, Brooklyn. Vice plans to undertake a major renovation of the new space and to more than double its workforce with the addition of 525 employees over the next five years. One of the area's largest employers, Vice was founded as a punk magazine and currently runs a website (Vice.com), an HBO show and news, sports and music channels.

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  • Kohlberg Completes Acquisition of Troon Golf

    Mergers & AcquisitionsTaxEmployee BenefitsEnvironmentalIP TransactionsReal EstateLitigation

    Paul, Weiss client Kohlberg & Company, L.L.C., through a newly formed affiliate, announced the closing of its acquisition of a majority of the equity interests in Troon Golf, L.L.C., a leading global provider of third-party management and consulting services to golf courses and golf-related hospitality facilities. The acquisition was completed on June 30 through an equity investment complemented by a debt financing. The debt financing consisted of a first lien credit facility, comprised of a term loan and a revolving credit facility, and a second lien credit facility, consisting of a term loan.

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  • KPS Acquires Anchor Glass Container Corporation

    Mergers & AcquisitionsIP TransactionsLitigationEmployee BenefitsTaxReal EstateEnvironmentalFCPA

    Paul, Weiss client KPS Capital Partners, LP announced that, through a newly formed affiliate, it has acquired Anchor Glass Container Corporation, a leading North American manufacturer of premium glass packaging products for the beer, liquor, food, beverage and ready-to-drink end markets, from an affiliate of Ardagh Holdings USA Inc.

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  • Skyline: Real Estate Year-in-Review 2013

    Real Estate

    The Paul, Weiss Real Estate Department has the privilege of working with some of the most prominent real estate institutions in New York City and around the globe. Over the last year we were honored to help clients across a broad range of industries take advantage of favorable market conditions. Unprecedented development continues to transform New York's skyline, while a changing landscape of property users is shaping our future in the new economy. The science, technology, medical and education sectors are expanding their footprints, while residential, retail and hospitality clients have been able to choose among an abundance of financing options and structures.

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  • Allied Partners Acquires Historic
    Brill Building at 1619 Broadway

    Real EstateLitigation

    Paul, Weiss client Allied Partners, in a joint venture with Brickman Real Estate, acquired the historic Brill Building on Broadway and 49th Street from Stonehenge Partners and Invesco Real Estat. The venture financed the acquisition with a preferred equity investment from Square Mile Capital and mortgage and mezzanine loans provided by Starwood Property Trust. The venture plans to reposition the asset largely through significant upgrades and lease up of the retail space on Broadway.

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  • SL Green Realty Closes $360 Million Refinancing

    Paul, Weiss client SL Green Realty Corp., New York City's largest office landlord, in a joint venture with affiliates of a life insurance company, completed a $360 million refinancing of the joint venture's office property at 100 Park Avenue. The loan was provided by a syndicate led by Landesbank Hessen-Thuringen Girozentrale.

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  • Paul, Weiss Represents Green Chimneys on Sale of Gramercy Building

    Real Estate

    Paul, Weiss client Green Chimneys School sold its former Manhattan facility at 327 East 22nd Street to an affiliate of Suzuki Capital.

    Green Chimneys provides residential, educational, clinical and recreational services for children with special educational and emotional needs, with a focus on animal-assisted therapies.

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  • Murray Hill Properties
    Acquires Parsons Building

    Real EstateTaxIP Transactions

    Paul, Weiss client Murray Hill Properties, in partnership with affiliates of Soho Properties Inc., Hampshire Hotels Management LLC and Flintlock Construction Services, acquired the Parsons New School for Design building at 560 Seventh Avenue in the Times Square area. The acquisition was financed by Colony Capital. The partnership plans to demolish the existing improvements and construct a $300 million mixed-use project that will include a new Dream Hotel and approximately 20,000 square feet of retail. The building currently houses the Garment Center Synagogue -- the congregation will be relocated temporarily and the new building will include a new synagogue for the congregation.

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  • Lightstone to Develop Outlet Mall

    Real EstateTax

    Paul, Weiss client The Lightstone Group, through its affiliate Paragon Retail, successfully completed a joint venture with Simon Property Group, the largest publicly traded REIT, to develop Eagan Premium Outlets, a retail outlet center in Eagan, Minnesota, outside Minneapolis.

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Real Estate Partners

Paul, Weiss, Rifkind, Wharton & Garrison LLP