Joshua Stein

PLLC

Completed Matters

Development

Midtown Site
Advise owners of midtown development site on options and possible transactions
Distribution
Facility
Represent purchasers of site in NYC area for development of distribution facility
Preferred Equity
Represent borrower (common equity) in preferred equity financing for development project
Advise
Developer on
Ground Sublessee
Advise developer on subtenant nondisturbance regarding ground sublessee protections
Mideast Hotel
Advise developer on construction and hotel management issues
Historical
Redevelopment
Structure condo and single-family elements for sensitive site in Greenwich Village
Demo/Rebuild
NYC Borough
Represent LLC member in redeveloping long-term-owned property and redemption of other member
Downtown
High-Rise Condo
Negotiate hedge fund equity investment and syndicated bank loan for $500 million project
Miami Mixed-Use
Advise developer of mixed-use waterfront project in Miami, with hotels, retail, spa
Lease/Sublease Development
Represent developer tenant in build-to-suit FedEx Ground facility in Long Island City (public)
Development Sites
Represent sellers of West Side development sites
Strategic Advice
Advise property owner on possible strategies for family-owned property in Midtown East
Brooklyn Redevelopment
Represent co-developer of former industrial building for office, retail, event space
Development Project Recapitalization
Represent developer forming joint venture to bring in “rescue capital”

Finance

Development Project
Recapitalization
Represent developer forming JV to bring in "rescue capital"
Defaulted
Construction Loan
Expert witness on whether lender acted in good faith
Intercreditor
Dispute
Expert witness on interpretation of agreement
"Institutional
Lender"
Expert witness on meaning of that term
Joint Venture
Arbitration
Dispute on withholding of consent; delivery of information
Predevelopment Loan
Represent European bank in interim financing
A/B Construction
Loan
Represent construction firm as "B" participant in construction loan in Downtown Manhattan
Nonrecourse Dispute
Expert witness on industry standards for nonrecourse financing
Development
Assemblage
Advise lender on development rights, ground lease, multiple sites, complex collateral package.
Preferred Equity
Represent borrower (common equity) in preferred equity financing for development project.
New York
Opinions
New York law opinions for borrowers in numerous real estate and other loans.
Carlyle Hotel Refinancing
Represent bank group led by Credit Agricole (public).
Miami Predevelopment and Land Loan
Represent lender for acquisition and preliminary lease-up loan.
Receivership
Court-appointed as receiver for multifamily building in Lower East Side.
Loan Reviews
Check documents for many syndicated loans for minimum requirements and consistency with term sheet.
Apartment Building
Close investment in and financing of 20-unit building in Greenpoint.
Construction Loan
Represent borrower in $250 million construction loan in Manhattan.
Loan Brokerage Dispute
Expert witness on industry expectations for role of loan broker.
Defaulted Loan
Consult for litigation team on defaulted development loan with personal guaranties.
Intercreditor Dispute
Expert witness on interpretation of agreement.
New Jersey Multifamily Loan
Loan documentation negotiations for borrower.
"Permanent Mortgage Financing"
Expert witness on interpretation of that term in ground lease.
SNDA Negotiations
Expert witness on “good faith” standard for negotiation of nondisturbance agreement.

Ground Leases

Right of
First Refusal
Advise ground lessor on responding to a ROFR notice
Subtenant
Nondisturbance
Advise developer on ground sublessee protections
Rent advice
Co-counsel for ground lease issues on development transaction
Lease Dispute
Expert witness on dispute involving transfer of unused development rights
Limited Service
Hotel
Advise owner in negotiating ground lease for limited service hotel in NYC
Midtown Development
Site
Represent owner of midtown development site in bidding and negotiations
Hotel Lease
99-year lease with hotel developer for site in heart of Chinatown, NYC
Self-Storage Lease
99-year lease with self-storage developer for prominent site in NYC borough
Purchase of Hotel Ground Lease
Advise purchaser of ground leased hotel in Midtown Manhattan
Ground Rent
Limited consultation on ground rent reset clause for Midtown office building
Ground Lease Repair
Negotiate rent correction in ground lease closed by other counsel
Rent Reset
Consult on rent reset and revaluation formulas in Midtown Manhattan
End of Term Issues
Advise on mixed-use project partly located on leased land
"Structural Work"
Consult for major property owner on interpretation of that term in ground lease
Residential Development
Upper West Side
Sensitive Site
Advise tenant/developer in ground lease for residential development of sensitive site
"Permanent Mortgage
Refinancing"
Expert witness on interpretation of that term in ground lease

Hotels

Management
Agreements (FL)
Management agreements for four-star and five-star hotels in mixed-use development in Miami.
Management
Agreement
Five-star hotel in resort area in Northeast U.S.
Mideast Hotel
Advise developer on construction and hotel management issues.
Carlyle Hotel Refinancing
Represent bank group led by Credit Agricole (public).
Midtown East Hotel
Advise developer on construction and hotel management issues.
Hotel Ground Lease
Advise owner in negotiating ground lease for limited service hotel in New York City.

Purchases & Sales

Midtown Buildings
Purchase of 5 Midtown NYC leased fee office buildings for Edison Properties (public)
Family LLC
Strategic advice to long-term owner of Midtown NYC office building
CME Office Building
Advise CME in sale and leaseback of downtown office building (public)
Development Site
Represent purchasers of site in NYC area for development of distribution facility
Sale of Building and
Operating Business
One of the last manufacturers in Manhattan
Parking Lot Sale
Represent seller of large parking lot under long-term lease to FedEx Ground
Development Rights
Represent seller of development rights in NYC borough.
Acquisition Entities
Form multi-investor LLC structures for purchase of Texas medical office buildings.
Special-Purpose
Building
Advise seller of special-purpose building for development, including complex relocation.
Manufacturing
Building
Advise seller of Manhattan manufacturing building for condo development.
Petroleum Terminal Acquisition
Represent purchaser with out-of-state co-counsel.
St. John's Center
Represent seller of 50.1% interest in St. John’s Center, 340 West Street (public).
Corporate HQ Sale
New York counsel to major corporation in sale of Manhattan office building.
Sale of Office Building
Court-appointed referee to sell 251 Park Avenue South (public).
Right of First Refusal
Advise joint venturer on ROFR notice and possible sale of Midtown NYC office building.
High-End Condos
Represent purchasers of condo units (in new developments) priced at $5MM and above.
Development Sites
Represent sellers of West Side development sites.
Petroleum Terminal
Close purchase of petroleum terminal in Brooklyn.
Shopping Center
New York counsel for purchase by national property owner.
Strategic Advice
Advise property owner on possible strategies for family-owned property in Midtown East.
Right of First Refusal
Advise LLC member in responding to ROFO notice and negotiating possible sale.

Space Leases

Major Office Lease
Represent landlord in midtown office lease to international bank
Retail Lease
Renewal
Consult with landlord on strategy for renewing high-value retail lease
Leasing Program
Handle all major leases for medical office buildings in Houston, Texas
Law Firm Lease
Represent medium size law firm in negotiating new office lease
Kick-Boxing Lease
Represent landlord in negotiating retail lease for kick-boxing franchisee
Brokerage Fee
Arbitrator in dispute on brokerage commission for major lease renewal
Internet Company
Lease
Represent tenant in negotiating NYC office lease
Lease/Sublease Development
Represent developer tenant in build-to-suit FedEx facility in Long Island City (public).
Bank Lease
Full-floor office lease to major Chinese bank on Park Avenue.
Retail Lease
For tenant, negotiate small lease for café and bookstore in Downtown Manhattan.
Apartment Building Management
Advise owner on management and leasing issues.
Lease Surrender
Negotiate surrender of ground-floor tenant space for development of site.
Office Lease
Negotiate small office lease for new media company.
Law Firm
Represent law firm in negotiating new lease in Lower Manhattan.
A&P Lease Issues
Advise shopping center owner on lease rejection and nondisturbance issues.
Office Sublease
Negotiate new office sublease for biotech investment fund.
Commissary Lease
Represent catering company in negotiating new lease for commissary in Manhattan.
Landlord Approval Dispute
Informal arbitrator on withholding of consent for improvements.
Two Store Leases
Represent adjacent property owners in negotiating two leases with the same tenant.

Expert Witness Work

SNDA Negotiations
Expert witness on "good faith" standard for negotiation of nondisturbance agreement
Legal Fees
Expert witness on reasonableness of claim for legal fees
"Permanent
Mortgage Financing"
Expert witness on interpretation of that term in ground lease
Defaulted
Construction Loan
Expert witness on whether lender acted in good faith
Intercreditor
Dispute
Expert witness on interpretation of agreement
Loan Brokerage
Dispute
Expert witness on industry expectations for role of loan broker
"Institutional
Lender"
Expert witness on meaning of that term
Nonrecourse Dispute
Expert witness on industry standards for nonrecourse financing
Intercreditor
Issues
Expert witness for dispute regarding servicing of mezzanine loan
Ground Lease
Dispute
Expert witness on dispute involving transfer of unused development rights
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