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In a market weathering unprecedented change, companies involved in high-stakes real estate deals need a steady, trusted hand to guide them. They also need counsel who can help them find new solutions for tough new challenges. The Paul, Weiss Real Estate Department offers clients the best of both worlds. Our long history of executing every kind of deal touching real property and our business and legal savvy help the most complex real estate projects succeed in fluctuating economic conditions.
Awards & Recognition
Paul, Weiss advised Tricon Residential Inc. in the formation of a new joint venture with Pacific Life Insurance Company and a leading global investor to acquire newly built single-family rental homes targeting the middle-market demographic in the U.S. Sun Belt.
Paul, Weiss advised Blue Sky Real Estate Services and Development in its acquisition and financing of Dignity Health’s 99,000-square-foot specialty care facility on the Mercy San Juan Hospital campus in Carmichael, California.
Paul, Weiss hosted a webinar for Black business owners in collaboration with Black Connect, the only national membership nonprofit organization dedicated solely to eliminating America’s racial wealth gap by increasing the number and success rate of Black-owned businesses.
Real estate partners Salvatore Gogliormella and Peter Fisch’s latest transactional real estate column, “Challenges to Rights of First Refusal in New York Courts,” appeared in the February 10 issue of the New York Law Journal.
Paul, Weiss advised certain funds sponsored by CIM Group, LLC and multiple third-party co-investors in the acquisition of five multifamily towers in Alexandria, Virginia for an aggregate purchase price of $506 million.
UPDATE: New York City Eliminates Personal Liability of Individual Guarantors under Certain Retail Leases, for Payment Defaults Occurring during the Coronavirus Pandemic
New York City has eliminated the personal liability of individual guarantors under certain retail leases for defaults between March 7 and September 30, 2020.
Of counsel Meredith Kane wrote the “United States” chapter in the latest edition of The Real Estate Law Review, an international legal reference publication covering real estate developments in 33 countries.
As a result of increasingly restrictive government public health measures, including closures of non-essential businesses and even orders to “shelter in place,” retailers across the country have begun trimming hours of operation or closing their stores entirely, and tenants are weighing whether to abandon premises they lease or to withhold rent.
Paul, Weiss is advising Simon Property Group in its acquisition of an 80% ownership interest in The Taubman Realty Group.
Paul, Weiss advised Tricon Residential Inc. in the formation of a joint venture with Teacher Retirement System of Texas, Pacific Life Insurance Company and a leading global investor to acquire single-family rental homes targeting the middle-market demographic in the U.S. Sun Belt.