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.
UPDATE: New York State Legislature Considers Bill Affecting Certain Rents and Mortgage Payments During the Coronavirus Pandemic
In recent days, state and local governments have begun requiring the closure of non-essential businesses in order to combat the coronavirus (COVID-19) pandemic, significantly affecting the ability of affected businesses and individuals to continue to meet existing financial obligations, including paying rent.
Paul Weiss advised a fund sponsored and managed by CIM Group, L.P. in the sale of One Tehama, a class A office building in San Francisco built by the CIM fund, to Bell Sound USA LLC.
Paul, Weiss is representing the special committee of the board of directors of Empire Resorts, Inc. in its acquisition by Kien Huat Realty III Limited and Genting Malaysia Berhad for $9.74 in cash per share of common stock, and with each share of Empire Resorts’ Series B preferred stock receiving the same consideration on an as-converted to common stock basis.
Paul, Weiss represented Union Theological Seminary in its sale of the 97-101 Claremont Avenue building to Riverside Church for $46.5 million.
Paul, Weiss represented Rockefeller Group Development Corporation in the development financing for a new residential condominium tower project in Manhattan.
Real estate partners Mitchell Berg and Peter Fisch’s latest transactional real estate column, “Priority Issues With Mortgage Loan Modifications,” was published in the October 17 issue of the New York Law Journal.
Awards & Recognition
Firm chairman Brad Karp and real estate partner Meredith Kane were recognized as “New York Trailblazers” in the New York Law Journal’s inaugural list, which celebrates professionals who have made significant marks on the practice, policy and technological advancement of their practice.
In this video, real estate partner Peter Fisch discusses considerations for U.S. clients involved in real estate transactions with foreign counterparties, including issues associated with enforcing U.S. judgements abroad and China’s recent capital export controls.