Funds Talk: August 2015
Kramer Levin Wins First Circuit Appeal Declaring Puerto Rico’s Restructuring Act Unconstitutional
Jay A. Neveloff represents numerous nationally recognized parties in the development, operation and financing of real estate projects, including many high-profile super luxury and mixed-use, commercial, retail and residential projects in New York City and throughout the country. Mr. Neveloff represents institutional and private equity funds and other investors in joint ventures, as well as the acquisition and sale of property (including portfolios of properties), and assists joint ventures in connection with a broad variety of developments. He also represents major international funds and financial institutions in commercial lending transactions, loan restructurings and workouts. Mr. Neveloff’s most notable transactions include high-profile projects in New York City, such as the Time Warner Center, representing Related-Apollo, as well as the acquisition and /or development of numerous properties, including 432 Park Avenue, 200 Lafayette Street, 2 Rector Street and 5 Hanover Square on behalf of CIM. He represented Saint Vincent Catholic Medical Center in the sale of the main hospital campus and New York Life Insurance Company in the sale of Manhattan House, a residential complex comprising an entire block on the Upper East Side of Manhattan. Mr. Neveloff has represented the Ponte family in numerous lower Manhattan transactions, as well as Donald Trump and The Trump Organization for more than 25 years in innumerable real estate matters. Mr. Neveloff regularly assists clients in the hotel and hospitality industry in the acquisition and development of properties, as well as with loan restructurings. He recently represented Starwood Hotels in the sale of several hotels including the Sheraton Manhattan, as well as the retail portion of the St. Regis Hotel in Manhattan. On a national scale, Mr. Neveloff has facilitated the development of numerous regional and local shopping centers and other commercial projects throughout the country. He represented the owners of Starrett City, the largest federally subsidized housing complex in the United States, in a major capital transaction and facilitated the sale of a major casino hotel in Las Vegas, on behalf of the owners. Recently, in an M&A capacity, Mr. Neveloff led a multidisciplinary team representing Del Monte Pacific in the $1.68 billion acquisition of Del Monte Foods. Lauded by clients as a “well respected” lawyer who “understands the scale” of the New York real estate landscape and “can eliminate problems” (Chambers USA 2014), Mr. Neveloff has been described as “a consummate real estate attorney” and “the dean of high-end, mixed-use condominium developments” (Chambers USA 2015). He has been ranked in Tier 1 for Real Estate by Chambers every year since 2003. Other observers say Mr. Neveloff is “a fantastic attorney” who is “very focused and detailed” (Legal 500 US 2015).