William Cornachio and Michael Twersky closed last week on a $50 million CMBS loan received from Citi Real Estate Funding on behalf of our client. The loan is secured by mortgages on 19 multi-family residential properties located in Brooklyn Heights, Columbia Heights and the Upper West Side, all bearing New York City landmark status.

Matthew

On March 12, 2021, Yaron Kornblum and John Panagopoulos represented BF 227 Limited Liability Company and BBM Chocolate Distributors Ltd. in the refinance of the property located at 16 Old Bloomfield Avenue, Pine Brook, NJ. The loan amount was $5 million, along with a $2 million line of credit from Bank Hapoalim, B.M.

On March

Yaron Kornblum and Marie Landsman represented several TIC members in the acquisition of a multifamily family property comprised of 252 units called Cullen Apartments, located at 13555 Cullen Boulevard, Houston, Texas. The purchase price was $39.3 million and was financed by a loan from Arbor Realty SR, Inc. in the amount of $31.6 million. Jeffrey

Evan Schieber, Jeffrey Greener and Stephanie Yafeh secured a decisive victory for their clients, the beneficiaries of an estate, who moved to intervene in a New York Supreme Court action. The action arose out of a sale by the executor of two cooperative apartments that were estate assets.

In the action, the purchaser of the

Evan Schieber and Lawrence Han recently delivered a significant victory for the Firm’s client which was seeking the return of its $1 million down payment in a real estate transaction that failed to close.

Prior to New York State’s shutdown of non-essential businesses in March 2020, the client had entered into a contract to purchase

Michael Heller, Tamika Hardy, and Lawrence Han successfully overturned the denial of a summary judgment motion in a motion for reargument and renewal. The Court had previously denied the client’s motion for summary judgment to strike the borrower’s answer, which was filed by our client via its foreclosure counsel, holding that there was a triable

Khoren Bandazian will speak at CIANJ’s virtual event, The Impact of the Pandemic on Main Street,” which will take place February 5, 2021, at 8 am.

The discussion will focus on how to cope with the exodus of people from the cities to the suburbs, and what that means for small business owners.

For more

David M. Grill and Evan R. Schieber recently scored a major victory for a landlord client in an action against a commercial law firm tenant. The action was for breach of a lease due to the tenant’s abandonment of the premises and failure to pay rent. In National Association of Water Companies v CKR Law,

On November 3, 2020, Yaron Kornblum and Marie Landsman represented the borrowers, three tenants in common entities, in a refinance with Andrews Federal Credit Union with a loan amount of $6 million for a property located at 440 and 450 Waverly Avenue, Patchogue, NY, a medical and professional office building consisting of 20 commercial spaces.

On November 23, 2020, John Panagopoulos represented the seller in the sale of a residential home located in Lawrence, NY, for a purchase price of $6.65 million and negotiated an eight month seller’s Post-Closing Occupancy Agreement.