Peter E.
Fisch

A partner in the Real Estate Department, Peter Fisch regularly represents developers, entrepreneurial investors, institutional investors, lenders and other parties in all aspects of transactional real estate, including acquisitions and dispositions, joint ventures, conventional and securitized financings, workouts, sale-leasebacks, management contracts and leasing, involving a balance of office, retail, hotel, multifamily, industrial and student housing properties.

Peter’s work has earned him recognition as a leading Real Estate lawyer by The Legal 500, Chambers USA and U.S. News - Best Lawyers, and he was included in Lawdragon’s “500 Leading Global Real Estate Lawyers 2024.” He has published more than 40 articles regarding new developments in real estate transactional law in prominent trade publications, including the Real Estate Finance Journal and the National Law Journal, and co-authors a regular column on transactional real estate law for the New York Law Journal. Peter has been elected as a Fellow of the American College of Real Estate Lawyers, and has also brought his considerable experience to programs and panels sponsored by the New York City Bar Association and other prestigious organizations. His discussions have covered real estate financings, joint ventures, observations regarding market conditions and other related topics.

Peter served two terms as a member of the Board of Directors of the Yale Law School Fund and recently completed a term on the Executive Committee of the Yale Law School Association.

Peter’s recent experience includes:

• For SL Green Realty Corp., a publicly traded REIT and the largest owner of New York City office buildings:
  • Multiple sales and acquisitions involving 3 Columbus Circle, 110 East 42nd Street, 485 Lexington Avenue, 292 Madison Avenue, 885 Third Avenue, 2 Herald Square, 521 Fifth Avenue and multiple properties on lower Broadway and a development site in Brooklyn, with an aggregate value more than $2 billion
  • A $500 million joint venture with The Moinian Group to recapitalize and reposition 3 Columbus Circle in New York, and joint ventures with Capelli Properties and Onyx Equities for investments in office properties in suburban New York
  • Several acquisition financings and refinancings involving mortgage and mezzanine loans totaling over $2 billion relating to 100 Park Avenue, 28 W. 44th Street, 3 Columbus Circle, 485 Lexington Avenue, 100 Church Street and a land loan and construction loan for 185 Broadway, all in New York City, Landmark Square in Stamford, Connecticut and the Meadows office complex in New Jersey, as well as the acquisition of six tranches of mezzanine debt secured by 280 Park Avenue in New York City
• Funds managed by affiliates of Apollo Global Real Estate in several transactions, including:
  • the $6.25 billion acquisition of The Venetian and Palazzo Casino Resorts and Sands Expo and Convention Center, in Las Vegas, Nevada, from Las Vegas Sands Corporation. In connection with the acquisition, VICI Properties, a publicly traded REIT, acquired the Venetian/Sands real estate and lease it to an affiliate of the Apollo funds pursuant to a long-term, triple net lease agreement valued at
    $4 billion
  • two platform joint ventures to acquire office and mixed-use properties in the Southeastern United States and to acquire industrial properties nationwide
  • in a joint venture with Chartres Lodging Group, in the $274 million sale of the Novotel New York Times Square, located at 226 W. 52nd St. in the heart of Manhattan’s theatre district, to Millennium & Copthorne Hotels, a publicly traded UK-based hotel operator
• For Loews Hotels Holding Corporation:
  • a $1 billion joint venture with Universal’s theme park division to develop three hotels in Orlando associated with the new Epic Universe theme park, including ground leases of the hotel sites, hotel management agreements, and a construction financing consisting of two cross-collateralized loans totaling $610 million with a syndicate led by Wells Fargo
  • a $370 million refinancing of a mortgage loan secured by the Surfside and Dockside Resort Hotels in Orlando
  • mortgage financings secured by the Aventura Hotel and the Cabana Bay Beach Resort in Orlando
  • the resolution of disputes involving multiple managed hotels in the Loews portfolio
• American Finance Trust, Inc., a New York-based publicly traded REIT managed by AR Global, in its $1.3 billion acquisition of 81 multi-tenant retail properties throughout the United States from CIM Real Estate Finance Trust, an Arizona-based REIT and subsidiary of CIM Group
• Global Net Lease, Inc., a New York-based publicly traded REIT managed by AR Global, in the $1.8 billion sale of 100 multi-tenant shopping centers throughout the United States to affiliates of RCG Ventures
• Valeray Real Estate Company in the sale of two multifamily buildings on New York’s Upper East Side for redevelopment as a luxury residential condominium in exchange for a combination of cash and a preferred equity interest, and the subsequent purchase of a multifamily property in Dallas, Texas in a 1031 like-kind exchange
• Sol Goldman Investments in the sale of three parcels on East 60^th Street as part of an assemblage to Extell Development Company for redevelopment as a mixed-use condominium with luxury rental units, and in a joint venture to participate in the redevelopment, as well as multiple matters relating to the Goldman ground lease portfolio
• Metropolitan Transportation Authority in the 99-year ground lease of 347 Madison near Grand Central Terminal to an affiliate of BXP (formerly Boston Properties) for development of a boutique office tower
• Rose Associates as the development partner in several joint ventures with institutional and family office investors, including a joint venture to convert the landmarked former AIG headquarters at 70 Pine Street into a luxury rental building; a joint venture for the ground-up development of Hoyt & Horn, a 360-unit multifamily building on Livingston Street in downtown Brooklyn,; a joint venture transaction to develop an 80/20 multifamily building in the Chelsea neighborhood in Manhattan; and current joint ventures to develop multifamily and mixed-use projects in Long Island City, Yonkers, White Plains and Port Chester, New York, and multiple construction financings in connection with the foregoing projects
• HNA Group in the $1.76 billion financing for the $2.21 billion acquisition of 245 Park Avenue, a 1.8 billion square-foot office tower near Grand Central Terminal
• Restructuring and division of a 90-property portfolio of mixed-use properties in the New York metropolitan area, with an aggregate value of approximately $4 billion, for a prominent New York real estate family
• For JACK Entertainment, a gaming company owned and controlled by Dan Gilbert, the sale of casino and racino properties in Detroit and Cincinnati and the sale leaseback of a casino in Cleveland, with an aggregate sales price of $2.7 billion
• For The Lightstone Group:
  • for its publicly traded REIT affiliate, the sale of Dakota Square Mall, a regional mall in Minot, North Dakota
  • the $2.3 billion sale of the 24-property Prime Retail outlet center portfolio to Simon Property Group
  • for its affiliate Paragon Retail Partners, a $500 million joint venture with a NYSE-listed shopping center REIT to develop retail outlet centers in Texas and California and a joint venture to develop a retail outlet center in Minnesota
• Acquisition of the Dream Downtown Hotel, and negotiation of a hotel operating agreement, on behalf of an Indian investor
• Acquisitions of hospitality properties in the Meatpacking District and the Hudson Valley for noted Hotelier Andre Balazs valued more than $400 million
• Acquisition of 32 Old Slip, a 1.2 million square foot office building in New York, and a long-term ground lease of the property to affiliates of RXR Realty, for a New York real estate investor
• General Electric in its spin-offs of the GE Health Care and the GE Vernova (Energy) businesses, including transfers of owned and leased properties, various leasebacks, interim arrangements for co-located sites, and a complex subdivision and condominiumization of an important research facility in upstate New York that will be shared by separate businesses
• Pebb Capital in the consummation of mortgage and mezzanine loans for the refinancing of two portfolios of student housing properties; development loans for the construction of a student housing project near Columbia University in New York, and acquisition and redevelopment of the Alabama, a 116-unit multifamily property in Greenwich Village for conversion into a student housing property
• A major cargo and passenger charter airline in a build-to-suit lease for a pilot simulator hall training facility and a related corporate housing facility
• MHP Real Estate Services (formerly known as Murray Hill Properties) in a multi-tiered joint venture for the development of a Times Square property into a luxury hotel with a three-floor retail arcade
• Invited (f/k/a ClubCorp Holdings) in a strategic arrangement with VICI Properties to grow BigShots Golf, a golf themed entertainment venue. VICI provided a construction loan facility for the construction and development of up to five new BigShots Golf venues throughout the United States
• RXR Realty in the origination of a mezzanine loan for a condominium construction project in Greenwich Village
• Alpine Capital in the refinancing of Palmer Square, a residential, retail, office and hotel complex across from the Princeton University main gate in Princeton, New Jersey
• Citigroup Global Realty in the global settlement of multiple litigations with The Pyramid Companies that resulted in the successful restructuring of over $500 million of mortgage and mezzanine debt secured by the Carousel Center mall and DestiNY USA expansion located in Syracuse, New York
• A New York based hedge fund in the origination and restructuring of a mortgage and mezzanine loan secured by a riverfront brownfield development site in Yonkers, New York and a subsequent deed in lieu of foreclosure in satisfaction of the loan
• More than 30 sale leaseback transactions totaling well in excess of $6 billion for various clients involving industrial properties, a training facility, headquarters campuses, Checkers, Ryan’s, Buffets, and Portillo’s Hot Dogs restaurants and Chuck E. Cheese entertainment venues, and a portfolio of country clubs, with counterparties including WP Carey, Angelo Gordon, New Mountain Capital, VICI Properties, STORE Capital, National Retail Properties, Stonebriar and Sculptor Capital Management
• For Interstate Outdoor Advertising, the sale of signage rights in connection with the redevelopment of the Doubletree Hotel in Times Square, and the sale of a portfolio of signage structures under development in California to Outfront Media, a NYSE-listed outdoor media company
• Representation of Lincoln Center Theater in connection with its long-term lease for the Vivian Beaumont Theater and the Mitzi Newhouse Theater and administrative offices, and in connection with the development of the new Claire Tow Theater on the rooftop of its existing building on the Lincoln Center campus
• Several hotel management agreements for Starwood Hotels and Resorts (for W, Westin and St. Regis hotels), and Las Vegas Sands Corp. (for Four Seasons, Shangri-La, Starwood, Hilton, Fairmont and Intercontinental hotels in Macau) and an Indian investor (for the Dream Downtown Hotel)