News: Brokerage

Herrick, Feinstein LLP hosts annual networking event June 7th at Bryant Park

Manhattan, NY Herrick, Feinstein LLP’s real estate department hosted its annual real estate networking event on Wednesday, June 7, under the stars at Bryant Park. The event, now in its 12th year, attracted more than 600 commercial real estate executives from the NYC area.

For almost 90 years Herrick, Feinstein LLP has been an ingrained part of the commercial real estate industry in New York City. The firm was founded as a real estate law firm in 1928, and currently features one of the city’s largest practices.

Over the years Herrick lawyers have advised on many notable transactions and disputes. In the late 1950s, Herrick lawyers advised legendary investor William Zeckendorf in the sale of the Chrysler Building, which at the time was the most expensive building ever sold. In the 1990s, Herrick litigators also advised Japanese billionaire Hideki Yokoi in his battle for control of the Empire State Building; and Herrick later advised Trump Organization in the 2002 sale of the building to a group led by Peter Malkin. Herrick was also lead counsel on the financing, development and construction of the new Yankee Stadium, which opened in 2009.

Recent matters include the rezoning of Bushwick’s Rheingold Brewery site; a $360 million portfolio purchase by Extell Development; Toll Brothers and Starwood Capital’s joint venture development of the Pierhouse at Brooklyn Bridge Park; L&M Development Partners’ financing of a 54-story condominium project overlooking City Hall; a $320 million refinancing for the Woolworth Building’s office condominium; and a U.S. bank’s sale of a 77-property national real estate portfolio to a global investment management fund.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,