No two real estate transactions are alike. Factors such as who owns the property, its location and the intended use can raise a host of financial, regulatory and operational issues that require significant industry experience, local market knowledge and legal skill to navigate.

A photo of a blue sky and New York City buildings with a river in the foreground, Peter Cooper Village buildings and the Empire State building in the midground, and a skyscraper under construction in the background

Pryor Cashman advises on property acquisitions and sales throughout the U.S., with a particular focus on the New York Metro area. Having advised parties on all sides of these transactions, and working in concert with our real estate financing and land use and zoning attorneys, we provide strategic counsel that ensures prudent financial management and maximizes the value of the property for our client.

What We Do

We represent some of the biggest players in New York’s real estate market, including investment banks, restaurant franchisees, real estate funds, multistate health care providers, and residential and mixed-use building owners and developers. Fitting together the intricate pieces of the deal, our attorneys structure, negotiate and document property acquisitions and divestments, handle finance arrangements, including mezzanine and permanent financing, and resolve land use, zoning and other challenges.

Routinely working on sophisticated arrangements, our Real Estate Group drafts joint venture agreements among real estate owners and their financing sources, including private, individual and institutional equity and debt. We also advise on property portfolio management, refinancings and distressed debt restructurings, when necessary. And when necessary, our dedicated Real Estate Litigation attorneys are adept at resolving any disputes that may arise during the course of a transaction.

Experienced Across Asset Classes

Pryor Cashman attorneys have worked on transactions across the U.S., advising on the sale and acquisition of a wide variety of property types, including:

  • Multifamily housing
  • Mixed-use projects
  • Government-regulated buildings
  • Hotels
  • Commercial condos and cooperative properties
  • Office buildings
  • Colleges
  • Shopping centers
  • Inner-city and suburban garages
  • Restaurants
  • Warehouses and industrial sites
  • Luxury residential properties

Additionally, as counsel to purchasers and sellers of more than 1,000 multifamily properties in the New York area, we have gained unique insight into the nuances of buying and selling large multifamily buildings, enabling us to offer high-level, cost-effective advice in large, complex deals.

Beyond single-site transactions, we regularly represent investors such as real estate investment trusts (REITs), private equity funds and joint ventures in portfolio acquisitions and dispositions.

Closing Cutting-Edge Deals for High-Profile Clients

Our attorneys have played a key role in New York City’s most impressive real estate deals, including Kushner Companies’ $1.8 billion purchase of 666 Fifth Avenue, the highest price ever paid for a single office building in the U.S. From the acquisition and refinancing of a $300 million restaurant to the acquisition of a 50-building residential portfolio in Brooklyn, we secure the deals that elevate our clients and their businesses to the next level. Further examples of our work include:

  • Representing the Pinnacle Companies and Toll Brothers joint venture in the acquisition and development of Maxwell Place on the Hudson, a mixed-use project of commercial, retail and residential space, covering 24 acres
  • Representing a developer in the acquisition, financing and construction of a boutique hotel in Manhattan, including negotiation of the hotel management and technical service agreements with the hotel operator
  • Helping a client acquire more than 800 New York City properties - including 100 Manhattan multifamily properties - in a single day
  • Representing a REIT affiliate of H.I.G. Realty Partners in connection with the purchasing, financing, franchising and joint venture aspects of a $61 million full-service Sheraton hotel in Pittsburgh, Pennsylvania
  • Advising a Continental Properties’ affiliate in connection with the acquisition, conversion (to a luxury condominium) and financing of an existing 45,000 square-foot parking garage located on East 13th Street in Greenwich Village, New York City