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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 Lendlease, one of the world’s largest international property and investment groups, in the sale of a U.S. telecommunications platform to certain funds managed by affiliates of Apollo Global Management, Inc.
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.
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.
Awards & Recognition
Real estate partner Meredith Kane is named a “Real Estate Trailblazer” in The National Law Journal’s April 2020 issue. Meredith is recognized for her work in large-scale urban development projects, such as representing the Metropolitan Transportation Authority in the financing and developing of Hudson Yards and in ongoing projects to transform Midtown East, the heart of Manhattan office space.
Paul, Weiss is advising Simon Property Group in its acquisition of an 80% ownership interest in The Taubman Realty Group.