AT A GLANCE
25 Main Street
Hackensack, NJ 07601
Year founded: 1928
Number of attorneys: 170+
Number of attorneys involved in commercial real estate in New Jersey: 45
Areas of expertise in real estate: Acquisitions, financing, asset management, risk and opportunity analysis, construction, development, redevelopment, leasing, sales, special opportunities, zoning, land use, litigation and environmental concerns across asset classes.
OUR CLIENTS
Our clients include property owners, property managers, landlords, tenants, institutional and private lenders, private equity investors, real estate funds, REITs, syndicators, joint venturers, developers, brokers, contractors and construction managers.
OUR ADVANTAGE
Our real estate team has decades of experience and brings a practical approach to the transactions we handle. Through this experience, our attorneys have developed strong relationships in the real estate community, which helps facilitate the timely and efficient consummation of transactions.
Our national network of professionals further complements our ability to creatively structure and close transactions. The firm maintains relationships with professionals across industries, specialties and jurisdictions so that we can connect clients with the right resources and experts.
As a result of the pandemic, the real estate market is quickly adapting to a new normal. We have been advising our clients, including those with office and retail properties, impacted in ways not experienced before that require nimble and creative resolutions.
Recent highlights include:
- advising on the largest office acquisitions and dispositions in both NYC and Long Island
- acquisitions, developments, leasing and financings of warehouse and industrial properties nationwide, with an emphasis in New Jersey and Florida
- working with properties most impacted by the pandemic, including creative investments involving the hotel industry and adaptive reuse of retail space
PROJECT SPOTLIGHT
For over four years, we have been representing Cove Property Group on its trophy Hudson Yards redevelopment project. Formerly known as the Emblem Health building, this was a much sought-after property, which in 2016 Cove was able to acquire despite heated competition. We represented Cove through the bidding process, the acquisition, two rounds of financing, and then, at the end of 2021, Cove’s billion-dollar sale of the property. It is extremely rewarding to advise clients on such long-term projects. It offers us the opportunity to witness the transformation of a vision into a reality. Over the course of this time, Cove successfully redeveloped an 8-story office and warehouse space into a sleek 25-story, nearly 700,000-square-foot office tower that is noted for its hotel-like amenities. The redevelopment project ultimately increased the property value by over 200%, received significant press coverage and is recognized as New York City’s largest investment sale in over two years. Our representation included the initial $330 million acquisition (2016), $479 million construction financing for redevelopment (2017), $724 million refinancing (2019) and $1 billion sale (2021).
