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Arthur S. Adler

Partner

Arthur S. Adler

Partner
New York +1-212-558-3960+1-212-558-3960 +1-212-558-3588+1-212-558-3588
[email protected]

Arthur S. Adler has practiced in Sullivan & Cromwell’s Commercial Real Estate Group since 1983. He has extensive expertise in substantially all aspects of commercial real estate, real estate finance and real estate-related securities and over time has represented each of the many parties in a wide array of transactions. 

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

  • 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 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

Selected Recognitions

Mr. Adler’s stature in the real estate bar has been recognized repeatedly over the years by several publications, including:

  • Chambers USA: America’s Leading Lawyers for Business 
  • Chambers Global: The World’s Leading Lawyers for Business 
  • International Who’s Who of Business Lawyers 
  • Best Lawyers 
  • New York Super Lawyers 
  • The Legal Media Guide to the World’s Leading Real Estate Lawyers 
  • PLC Which Lawyer? Yearbook 
  • The Legal 500 United States