Arthur S. Adler

Among Mr. Adler’s areas of practice and recent transactions are:

• Ginkgo Bioworks in its acquisition of substantially all of Zymergen’s intellectual property assets and certain other assets in connection with Zymergen’s bankruptcy proceedings
• CMBS and balance sheet fixed and floating rate mortgage financings, as well as mezzanine financings, preferred equity investments and company-level unsecured revolving credit facilities
• Spin-offs, including Vornado’s spin-merger of its Washington Metropolitan portfolio to create JBG SMITH and the spin of its mall and power center properties to create Urban Edge
• Joint ventures formation and operation, including a $5.6 billion New York street-retail joint venture with sovereign wealth fund and other investors, with related issuance of long-term preferred interests and initial financing

• Portfolio and large property acquisitions and dispositions of core, value-add and development properties throughout the United States, including representing Vornado in the $350 million sale to Uniqlo of its U.S. flagship store at 666 Fifth Avenue and in its transactions with Citadel Enterprise Americas and other affiliates of Kenneth Griffin relating to the redevelopment and leasing of 350 Park Avenue
• Construction loan financing, including representing Tishman Speyer in its $1.8 billion construction loan for The Spiral (Hudson Yards)
• Advising in commercial landlord-tenant disputes, including landlords’ enforcement of leases in the context of COVID
• Ground lease negotiation and development, including representation of Goldman Sachs in its acquisition, development and financing of its NYC and NJ HQ properties
• Going-private transactions, including the acquisition of Southwestern property company
• Development rights acquisitions and usage, including representing acquirer of approximately 1mm SF of Grand Central Station TDRs in connection with the redevelopment of the 42nd Street Grand Hyatt as a hotel, office and retail property
• Lenders and borrowers’ counsel in defaulted loan and distressed property situations