• Jay A. Neveloff is a nationally recognized transaction lawyer who represents a broad range of clients in connection with the development, ownership 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. Jay 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.

    Jay’s most notable transactions include high-profile projects in New York City, such as the Waldorf Astoria, where he is representing the current owner in several aspects; the Disney-ABC building, where he represented the company in both the sale and relocation of its New York headquarters and is actively involved in the development of the to be constructed New York headquarters in Tribeca; and the Time Warner Center, representing Related-Apollo, as well as the acquisition and/or development of numerous properties, including 432 Park Ave., 200 Lafayette St., 2 Rector St. and 5 Hanover Square on behalf of CIM. He represented Saint Vincent’s Catholic Medical Center in the sale of the main hospital campus and New York Life Insurance Co. in the sale of Manhattan House, a residential complex comprising an entire block on the Upper East Side of Manhattan. Jay has also represented the Ponte family in numerous Lower Manhattan transactions. In addition, he led the sale of Stribling & Associates to Compass, having previously led the sale of the Sunshine Group to NRT Corcoran.

    Jay 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, Korman Communities in the acquisition of the Smyth Hotel and bought, sold and restructured numerous hospitality loans. He has been involved in unique hospitality-related products for several clients, including properties such as the iconic Plaza Hotel and St. Regis. Jay has deep experience in workouts and restructuring of properties in every asset class (including residential condominiums, hotels, commercial properties and hospitals) involving New York properties as well as properties in other gateway cities. Recently, he led a team of Litigation, Bankruptcy and Real Estate lawyers in a mezzanine foreclosure/bankruptcy involving a large development site near Sutton Place in Manhattan and successfully represented that client in attempts to stop construction by rezoning the site.

    On a national scale, Jay 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; represented the previous operator of Stuyvesant Town in a variety of matters; and facilitated the sale of a major casino hotel in Las Vegas on behalf of the owners. Recently, in an M&A capacity, Jay led a multidisciplinary team representing Del Monte Pacific in the $1.68 billion acquisition of Del Monte Foods.

    Jay has been lauded by clients as “a superb lawyer; very well connected, really practical and incredibly responsive” (Chambers USA 2019), “one of our most trusted advisers” (Chambers USA 2018), and a “well respected” lawyer who “understands the scale” of the New York real estate landscape and “can eliminate problems” (Chambers USA 2014). He has been described as “a consummate real estate attorney” and “the dean of high-end, mixed-use condominium developments” (Chambers USA 2015). Clients appreciate that “he looks after his clients, is always available and responsive, and is very knowledgeable in the business” (Chambers USA 2017). He has been ranked in Tier 1 for Real Estate by Chambers every year since 2003. Other observers say Jay is “a fantastic attorney” who is “very focused and detailed” (Legal 500 US 2015).

    Experience

    • Represented The Georgetown Company in securing a $410 million financing package from Société Générale for 787 11th Ave.

    • Represented an unnamed hedge fund in providing $235 million of preferred equity to fund Central Park Tower, Extell Development Co.’s planned 95-story supertall at 217 West 57th St.

    • Represented Gamma Real Estate in foreclosure and other matters concerning a midtown supertall building.

    • Represented The Walt Disney Company/ABC in the $1 billion plus sale of its upper West Side Campus as well as its relocation to Tribeca.

    • Represented the Ponte family in connection with several capital transactions involving joint ventures and dispositions of multiple sites in Lower Manhattan, including transactions with The Related Co.

    • Representing private equity funds including Westbrook Partners, the Carlyle Group, Fortress Investments, Morgan Stanley, CIM, DLJ Real Estate Partners and New Valley Investors in a variety of transactions.

    • Represented Mount Sinai Hospital in the conversion of a New York City office building to condominium ownership and the acquisition of a nearly 500,000-square-foot office at 150 East 42nd St.

    • Represented NYU in several condominium structures involving office buildings in Manhattan.

    • Represented the equity investor in connection with the acquisition of a major office tower in Dallas and a development site for more than 500 luxury condominium units in Miami.

    • Represented a special servicer in foreclosure and relating to the former Fortunoff property in Nassau County.

    • Represented two affiliated borrowers in the $170 million long-term refinancing of an Upper East Side, Madison Avenue corridor, retail store and office complex comprising two buildings, one of which is net leased to a luxury clothing retailer for its flagship New York City store.

    • Represented the buyer in the $500 million acquisition of the residential complex at 50 Murray St., totaling approximately 500 units, and in the related financing.

    • Represented several different lending institutions and private equity funds in connection with innumerable financings across the United States.

    • Represented numerous owners in financings, refinancings and construction financings of innumerable major financings through New York City and nationwide.

    • Represented numerous private equity firms in joint ventures for existing and development projects including New Valley, Morgan Stanley, and others.

    • Represented Westbrook Partners in numerous matters, including matters relating to hotel investments, St. John’s terminal and several condominium projects.

    • Represented Saint Vincent Catholic Medical Centers in the sale of the main hospital campus.

    • Represented Deloitte LLC in the relocation of its Chicago headquarters of approximately 450,000 square feet.

    • Represented CIM in connection with the acquisition and development of numerous properties including 432 Park Ave., 200 Lafayette St., 2 Rector St. and 5 Hanover Square.

    • Represented The Witkoff Group in connection with the development of 150 Charles St., 10 Madison Square West and 55 Wall St.

    • Represented Related-Apollo in the development of the Time Warner Center.

    • Represented New York Life Insurance Co. in the sale of Manhattan House, a residential complex comprising an entire block on the Upper East Side of Manhattan.

    • Represented the owners of Starrett City, the largest federally subsidized housing complex in the United States, in a major capital transaction.

    • Represented the owner in the sale of a major casino hotel in Las Vegas.

    • 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.

    • Led a multidisciplinary M&A team in representing Del Monte Pacific in the $1.68 billion acquisition of Del Monte Foods.

    Credentials

    Education

    • J.D., New York University School of Law, 1974
    • B.A., Brooklyn College, 1971

    Bar Admissions

    • District of Columbia, 1992
    • New York, 1975

    Court Admissions

    • U.S. Supreme Court
    • U.S.C.A., 2nd Circuit
    • U.S.D.C., D.C.
    • U.S.D.C., Eastern District of New York
    • U.S.D.C., Southern District of New York

    Professional Affiliations

    • Real Estate Board of New York, Board of Governors, 2014-Present
    • American College of Real Estate Lawyers, Board of Governors, 2012-Present
    • American Law Institute
    • American College of Mortgage Attorneys
    • American Bar Association, Vice Chairman, Committee on Partnerships, Joint Ventures and Other Investment Vehicles, 1988-1995
    • Phipps Houses, Board of Directors and Executive Committee Member
    • Kramer Levin Naftalis & Frankel, LLP Member, Executive Committee and Planning Committee
    • New York State Bar Association, Real Property Law Section; Committee on Financing and Liens; Committee on Condominiums and Cooperatives
    • Briarcliff Manor Planning Board, 1995-2015