Real Estate

Property Acquisitions, Dispositions and Ground Leases

• AIG in its $5.1 billion sale of its interests in a U.S. affordable housing portfolio to Blackstone Real Estate Income Trust
• British Airways in its relocation from Terminal 7 to Terminal 8 at John F. Kennedy International Airport and its joint investment with American Airlines for the redevelopment of Terminal 8
• Cadillac Fairview in its exchange of interests in five shopping centers for an 11% interest in The Macerich Company
• GF Investments in connection with various residential real estate investments
• Goldman Sachs Group in connection with numerous acquisitions, sales and ground leases across virtually all asset classes including office, student housing, multi-family, affordable housing, single-family rentals, industrial/logistics, data centers and hotel properties

• KKR & Co. L.P. in connection with its purchase of a 343,000 square foot office condominium unit in 30 Hudson Yards
• McCourt Partners in its acquisition of a core piece of the Dallas Design District, which includes nearly 800,000 square feet of leased showroom, retail and flex office space, through a partnership with HN Capital Partners
• NTT Urban Development Corporation in multiple acquisitions of interests in office properties in Boston, New York City and Washington, D.C. and related joint venture and mortgage loan financing arrangements
• Ontario Teachers’ Pension Plan in various real estate investments in New York Harbor, including a sale and related lease transaction with the Port Authority of New York and New Jersey (PANYNJ) for the Global Container Terminal in Hoboken/Jersey City, the extension of Global’s lease with the PANYNJ for the New York Container Terminal on Staten Island, the development of a toll rebate program at that property and, most recently, negotiation of documents for the development and operation of a new intermodal container transfer facility at the Greenville Yards in Jersey City
• Related Fund Management in connection with its acquisition of a portfolio of cold storage facilities
• Shafer Vineyards in its sale of the company and related vineyard real estate to Starfield Properties, a subsidiary of E-Mart
• TF Cornerstone in connection with the acquisition of the development rights appurtenant to Grand Central Station, the redevelopment of the Grand Hyatt in New York and related transactions
• Vornado Realty Trust in connection with a number of acquisition and disposition transactions including:
• the $350 million sale to Uniqlo of its U.S. flagship store at 666 Fifth Avenue
• its transactions with Citadel Enterprise Americas and other affiliates of Kenneth Griffin relating to the redevelopment and leasing of 350 Park Avenue
• its transfer of a 45.4% interest in its $5.556 billion portfolio of flagship high street retail assets on Fifth Avenue and Times Square to a group of institutional investors advised by Crown Acquisitions

Debt Financing and Loan Investment Transactions

• Alexander’s Inc. in connection with its $500 million CMBS refinancing of its office condominium unit at 731 Lexington Avenue, New York, including the negotiation of lease modifications with Bloomberg L.P., primary tenant of the unit
• Breakthrough Properties in connection with its $750 million construction financing for the first phase of the Harvard Enterprise Research Campus in Allston, MA
• Gateway Program Development Corporation in connection with the Gateway Development Commission, the New York/New Jersey bistate commission to develop, finance and build a new tunnel and rail line under the Hudson River from Pennsylvania Station to Hoboken, New Jersey
• Goldman Sachs in connection with numerous acquisition financing, construction loan and refinancing transactions
• A joint venture between Related Fund Management and The Community Preservation Corporation in connection with its acquisition of interests in entities formed by the FDIC to hold approximately $5.8 billion of Signature Bank loans collateralized by rent-stabilized or rent-controlled multifamily properties
• Madison Square Garden Entertainment in the $275 million secured credit facility to fund the construction and development of content at the MSG Sphere entertainment facility in Las Vegas
• Olshan Properties in connection with several debt financing transactions
• Pacific Western Bank in connection with the sale of a portfolio of $5.7 billion of construction loans to Kennedy Wilson Holdings and certain related entities
• Related Companies in multiple representations including the ongoing work in the development, construction and financing of Hudson Yards in New York, the largest private real estate development in U.S. history and in over $1.5 billion of financing for the platform over the Eastern Rail Yards
• TABLE Holdings (Ackman family investments), through a partnership with Post Brothers, on a mortgage financing extended by KREF Capital, an affiliate of KKR
• Tishman Speyer in a number of financings, including its:
• $3.5 billion refinancing of Rockefeller Center
• $1.87 billion construction financing for The Spiral in Hudson Yards, NY and $2.85 billion refinancing
• $300 million construction financing for the development of 55 and 50 Hudson Street in Jersey City, NJ
• construction loan for the development of 422 Fulton Street, the Brooklyn location of Macy’s department store
• Vornado Realty Trust in various debt financing transactions, including:
• its $950 million mortgage loan refinancing secured by the 2,100,000 square foot office building located at 1290 Avenue of the Americas in New York, NY
• its $1.2 billion mortgage loan refinancing secured by the 1,800,000 square foot office campus at 555 California Street in San Francisco
• its $500 million refinancing of PENN11, a 1.2 million square foot Manhattan office building located at 11 Penn Plaza in New York, NY

Joint Ventures and Funds

• Breakthrough Properties in various joint ventures, including (i) in its acquisition of a majority interest in Callan Ridge, (ii) with affiliates of The Regents of the University of California in connection with the acquisition of 6200, 6250 and 6220 Greenwich Drive in San Diego, California from affiliates of The Regents of the University of California and Manulife and (iii) with various investors for the first phase of the Harvard Enterprise Research Campus
• Canada Pension Plan Investment Board in numerous real estate joint venture and fund matters, including (i) its joint venture with Hudson Pacific Properties for the $625 million acquisition of a trophy office tower in Seattle, known by its address 1918 8th Avenue, (ii) its joint venture with Boston Properties to develop Platform 16, a 1.1 million square foot Class A urban office campus in downtown San Jose, California, and (iii) as a minority investor in a portfolio of properties owned by GLP’s U.S. funds in connection with Blackstone’s $18.7 billion acquisition of assets from three of GLP’s U.S. funds
• CIM Group in a number of strategic real estate partnerships dating back to the 1990s
• Crown Acquisitions in its restructuring and refinancing of its joint venture interest in Olympic Tower, a Fifth Avenue New York City retail and office building complex, and its joint venture with Wynn Resorts to own and operate the luxury retail space at Wynn Las Vegas and Wynn Encore
• Dune Real Estate Partners in connection with its GP/management company arrangements
• Goldman Sachs and its affiliates in connection with (i) the formation and fundraising for a $3 billion real estate equity fund as well as for several real estate credit funds and (ii) numerous joint ventures with developer and operator partners
• Olshan Properties in connection with various joint ventures
• Related Fund Management in connection with the formation of several office, hotel, logistics and self-storage joint ventures
• Tishman Speyer in numerous separate managed account and joint venture formation, investment and recapitalization transactions, including a $1.5 billion separate managed account with the National Pension System of Korea and joint ventures for the development of a large mixed-use project in San Francisco, California
• Vornado Realty Trust in numerous joint venture transactions, including its 50% joint venture with the Related Companies through which it acquired from the Empire State Development Corporation, a 99-year lease for the commercial space at the historic Farley Post Office building (and subsequent acquisition of an additional 44.9% interest, increasing its ownership interest to 95%) and the formation of an approximately $5.6 billion joint venture holding prime retail properties in Manhattan

Mergers & Acquisitions of Real Estate Businesses

• Abrams Capital Management in the sale of Netrality Data Centers to Macquarie Infrastructure Partners IV
• Aroundtown and TLG IMMOBILIEN in connection with Aroundtown’s public delisting tender offer for all outstanding shares of TLG
• Atlantic BidCo, a bidder company comprising funds managed and advised by Advent International and Centerbridge Partners, in its takeover of Aareal Bank
• Canyon Partners in its $600 million PIPE transaction with New Residential Investment
• CBRE Group in its acquisition of Direct Line Global from Guardian Capital
• Covivio in its acquisition of Godewind Immobilien
• C&S Wholesale Grocers as part of a consortium of private investors, including the current CEO and President of Southeastern Grocers, Anthony Hucker, and C&S Wholesale Grocers, in the acquisition of Southeastern Grocers and its Winn-Dixie and Harveys Supermarket banners from ALDI U.S. and in its $2.9 billion proposed acquisition of assets that The Kroger Co. proposed to divest in connection with Kroger and Albertsons Companies’ merger, later terminated
• Deutsche Wohnen in its €19 billion business combination with Vonovia, the largest-ever real estate merger in Germany
• DiamondHead Holdings, a SPAC, in its $572 million merger with Great Southern Homes (“GSH”), under which GSH became a publicly traded company and DiamondHead was renamed United Homes Group
• DigitalBridge Group in connection with DigitalBridge Investment Management’s acquisition of a controlling stake in Vertical Bridge Holdings
• The special committee of the Board of Trustees of Diversified Healthcare Trust in its proposed merger with Office Properties Income Trust, later terminated
• Forest City Realty Trust, Inc. in its $11.4 billion acquisition by Brookfield Asset Management and in various corporate governance matters
• General Growth Properties in its $28 billion acquisition by Brookfield Property Partners
• The special committee of the board of directors of Griffin-American Healthcare REIT IV in its acquisition of Griffin-American Healthcare REIT III, creating American Healthcare REIT, which has approximately $4.2 billion in healthcare real estate assets and is the 11th largest healthcare-focused REIT globally
• Industrious National Management Company in its acquisition by CBRE at an enterprise value of $800 million and the sale of 40% of its interest to CBRE Group for approximately $200 million and the transfer of CBRE’s flexible-space solutions offering, Hana
• LEG Immobilien SE in its €219.3 million acquisition of Adler Group S.A.’s 62.78% stake in the share capital of Brack Capital Properties N.V.
• Manhattan Mini Storage in its acquisition by StorageMart
• NorthStar Realty Europe in its $860 million acquisition by an affiliate of AXA Investment Managers, its spin-off from NorthStar Realty Finance and NYSE listing and in multiple SEC-registered equity and debt offerings
• Related Fund Management in its investment in Stonebridge Companies
• TLG Immobilien in its combination with Aroundtown to create Germany’s largest commercial landlord and one of the largest real estate companies in Europe with combined assets in excess of EUR 25 billion and public takeover of WCM Beteiligungs- und Grundbesitz-Aktiengesellschaft
• TS Innovation Acquisitions Corp., a SPAC formed by Tishman Speyer Properties, in its $1.56 billion merger with Latch and $190 million PIPE in connection with the merger, and $300 million IPO and listing on NASDAQ
• TS Innovation II Corp., a SPAC formed by Tishman Speyer Properties, in its $300 million SEC-registered IPO and Nasdaq listing
• Vector Group in connection with Douglas Elliman’s spin-off into a standalone, publicly traded company
• Vornado Realty Trust in connection with the spin-off of its Washington DC business formerly known as Vornado / Charles E. Smith, and its agreement to merge it with the operating company and certain select assets of The JBG Companies to form JBG SMITH Properties, a publicly traded REIT, in an $8.4 billion transaction

Sports & Entertainment-Related Real Estate

• Atlanta Hawks in connection with the development of The Centennial Yards (previously known as the Gulch) in downtown Atlanta
• Frank McCourt in various matters relating to the potential development of the parking lots surrounding Dodgers Stadium and associated joint ventures with affiliates of the team
• Giants Development Services (an affiliate of the San Francisco Giants) in connection with Mission Rock, a 28-acre, mixed-used development adjacent to Oracle Park
• Joe Tsai, chairman and co-founder of Alibaba Group, in the renegotiation of the Brooklyn Nets’ arena license at the Barclays Center and his subsequent acquisition of the arena
• Jujamcyn Theaters in various matters, including a $200 million refinancing of its Broadway theater business and the combination of Jujamcyn’s operations with those of the Ambassador Theatre Group
• Madison Square Garden Entertainment in the $275 million secured credit facility to fund the construction and development of content at the MSG Sphere entertainment facility in Las Vegas
• Madison Square Garden Sports (formerly The Madison Square Garden Company) in connection with various arena and NBA and NHL franchise-related developments, including its bid to redevelop Nassau Coliseum
• New York Giants and New York Jets in connection with the development and financing of, and other matters relating to, MetLife Stadium in East Rutherford, New Jersey
• The San Diego Padres in connection with the potential development of Tailgate Park adjacent to Petco Stadium
• UBS in connection with its 20-year naming rights agreement for UBS Arena, the home of the New York Islanders