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Title

Real Estate

Description
Kramer Levin’s Real Estate practice is among the largest and most sophisticated in New York City and in Paris.
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  • For the past 50 years, we have advised on many of the most significant real estate developments and other projects in New York City and throughout the United States, helping transform city skylines and reshape the landscape. We were actively engaged on all the supertall buildings in and around Manhattan’s 57th Street corridor and advised on development and redevelopment projects, including the Waldorf Astoria, Time Warner Center and Moynihan Train Hall, as well as Hudson Yards, the largest real estate development project in New York since Rockefeller Center.

    We are among a handful of preeminent New York-based law firms with a destination real estate practice — one that attracts clients interested primarily in our real estate talents. We are regularly involved in many of the major real estate transactions throughout the city, including acquisitions and sales, joint ventures, financings and development. For example, we recently represented The Walt Disney Company in the sale of the ABC Studio complex on the upper west side and its relocation (in a creative structure) to Tribeca. We are actively involved in every aspect of real estate law and regularly advise on all aspects of a wide variety of transactions. This experience enables us to understand market terms and conditions and advise our clients accordingly.

    We pride ourselves on anticipating issues and providing responsive and creative solutions to real estate developers and owners, investment bankers, merchant and commercial bankers, hoteliers, and others, helping clients buy, sell, develop, redevelop and finance offices; retail/shopping centers; hotels/resorts; and industrial, residential and mixed-use properties across the United States.

    We regularly advise and assist clients in the following areas:

    • Acquisitions and sales
    • Condominiums
    • Development
    • Finance
    • Joint ventures and shareholders’ agreements
    • Leasing
    • Real estate taxation
    • Real estate and construction litigation
    • Workouts and restructuring

    In France, our Real Estate practice covers the following areas:

    • Legal and tax structuring of investments
    • Corporate and other structures
    • Financing
    • Construction and development
    • Leases
    • Property and co-ownership
    • Construction-related dispute

    Working closely with our Land Use, Environmental and Tax lawyers, we ensure seamless service on everything from zoning, development rights transfers, landmarks proceedings, eminent domain and condemnation to tax-efficient deal structuring, permitting, environmental impact reviews, environmental risk allocation and remediation.

    Defining Matters

    • Kramer Levin Advises VICI in Acquisition of Four Properties in Alberta Canada in Sale-Leaseback Transaction

      On May 17, 2023, Kramer Levin client VICI Properties Inc. (VICI) announced that subsidiaries of VICI will acquire the real estate assets of four casino properties in Alberta Canada from subsidiaries of Century Casinos, Inc. (Century) for a total purchase price of CAD 221.7 million ($164.4 million).
    • Kramer Levin Advises Sedesco on $77.5 Million Purchase on Billionaire’s Row

      Kramer Levin represented Sedesco in the latest addition to its Billionaire’s Row assemblage, the $77.5 million purchase of a 13-story office property at 37 West 57th Street.
    • Kramer Levin Represents Property Markets Group in Connection With $182 Million Construction Loan

      Kramer Levin represented Property Markets Group in connection with obtaining a $182 million construction loan to finance the development of a mixed-use property located at 811 Peachtree Street, Atlanta, GA. The construction loan consists of a $134.5 million senior loan and a $47.5 million mezzanine loan. The transaction closed on Oct. 26, 2022. 
    • Kramer Levin Represents Blue Owl in Connection With Significant Lease at 375 Park Avenue

      Kramer Levin represented Blue Owl Capital in the negotiation of an office lease for approximately 137,000 square feet at 375 Park Avenue (the Seagram Building). The lease was signed on Aug. 12, 2022.
    • Kramer Levin Secures Court Approval of The Community Church of NY’s Anticipated Sale of Real Estate Assets

      On July 28, 2022, the Supreme Court of New York issued a decision and order granting The Community Church of New York leave to ground lease and then sell certain real property it owns in the Murray Hill neighborhood of Manhattan, paving the way for the Church to receive funds it hopes will allow its diverse congregation to survive and thrive, spiritually and financially, well into the future.
    • Kramer Levin Condominium Magic Makes Palace Theatre Float on Air

      Our Condominium lawyers, in conjunction with Kramer Levin’s Real Estate and other transactional groups, recently assisted our theater-industry client The Nederlander Organization in greatly enhancing the value of its Times Square building at 1568 Broadway by unlocking and creating new valuable signage and at-grade retail space.
    • Condo Team Surpasses $1B in Condo Unit Closings during Pandemic

      Kramer Levin’s Condominiums group reached a major milestone in March 2021, as the team surpassed $1 billion of individual condominium unit closings conducted during the COVID-19 pandemic.

    Focus Areas

    • Condominiums
    • Leasing
    • Real Estate Acquisitions and Sales
    • Real Estate and Construction (France)
    • Real Estate Development
    • Real Estate Finance
    • Real Estate Investment Trusts (REITs)
    • Real Estate Joint Ventures
    • Real Estate Litigation
    • Real Estate Preferred Equity Investments
    • Real Estate Workouts, Restructurings and Distressed Debt
    • Sale-Leasebacks, Ground Leases and Other Hybrid Leasing Transactions
    Kramer Levin Naftalis & Frankel LLP’s ‘exceptionally creative and resourceful team’ has an impressive developer following.
    — Legal 500 US

    Practice Contacts

      • Jay A. Neveloff

        • Partner
        • Chair, Real Estate
        • New York
        • jneveloff@kramerlevin.com
        • T 212.715.9290
        • F 212.715.8290
      • vcard
    • Elisabeth B. Avallone
    • Daniel Ross Berman
    • Sammi R. Bershad
    • Ophélie Boulos
    • Jeffrey L. Braun
    • Jonathan H. Canter
    • Pamela M. Capps
    • Sean J. Cassidy
    • Andrew Charles
    • Sophie Costé de Bagneaux
    • Danièle Darmon
    • Jeffrey W. Davis
    • Nicole S. De Bare
    • Isaure de Boissieu
    • Renaud Dubois
    • Laïla El Kihal Bouadla
    • Nicole Fenton
    • Steven Ficurilli
    • Jill B. Garfinkel
    • James P. Godman
    • Daniel B. Goldman
    • Ronald S. Greenberg
    • James G. Greilsheimer
    • Natan Hamerman
    • Deirdre M. Heffernan
    • Barry Herzog
    • Inge Hindriks
    • Lauren T. Katz
    • Borna Khoshand
    • Jay A. Neveloff
    • Seth R. Niedermayer
    • Justin R. Quinn
    • Abraham (Avi) Reshtick
    • Tzvi Rokeach
    • Jacqueline Ryu
    • Stephen R. Senie
    • Meigan P. Serle
    • Laure Touret
    • M. Mendel Trapedo
    • Jennifer Weisser
    • Josh S. Winefsky
  • Perspectives

    Search More
    • Category
      Speaking Engagement
      Date
      Oct. 11, 2023
      Title
      15th Annual InterFace Net Lease Conference
      Read More
    • Category
      Speaking Engagement
      Date
      Oct. 10, 2023
      Title
      iGlobal Forum’s Global Leaders in Real Estate Summit
      Read More
    • Category
      Client Alerts
      Date
      Sept. 26, 2023
      Title
      Update on New York City Local Law 97: Proposed Rules Provide Building Owners a Small Break
      Read More
    • Category
      Announcements
      Date
      Sept. 22, 2023
      Title
      2023 New York Super Lawyers and Rising Stars Lists Include 93 Kramer Levin Attorneys
      Read More
    • Category
      Client Alerts
      Date
      Sept. 22, 2023
      Title
      Mayor Adams Promotes ‘City of Yes for Housing Opportunity’ Initiative
      Read More
    • Category
      Defining Matters
      Date
      Sept. 07, 2023
      Title
      VICI Completes Acquisition of Four Properties in Alberta, Canada in Sale-Leaseback Transaction with Century Casinos, Inc.
      Read More
    • Category
      Defining Matters
      Date
      Aug. 24, 2023
      Title
      Kramer Levin Advises VICI in $140 Million Canyon Ranch Mortgage Financing
      Read More
    • Category
      Announcements
      Date
      Aug. 10, 2023
      Title
      Kramer Levin Named New York Law Journal's Litigation Department of the Year for Real Estate
      Read More
    • Category
      Defining Matters
      Date
      July 24, 2023
      Title
      Kramer Levin Represents Property Markets Group in Connection With $226 Million Construction Loan
      Read More
    • Category
      Speaking Engagement
      Date
      June 15, 2023
      Title
      ION Analytics’ Debtwire Restructuring Forum New York 2023
      Read More
    • Category
      Announcements
      Date
      June 08, 2023
      Title
      Legal 500 US 2023 Recognizes Kramer Levin
      Read More
    • Category
      Announcements
      Date
      June 01, 2023
      Title
      Chambers USA 2023 Recognizes Kramer Levin
      Read More
    • Category
      Client Alerts
      Date
      May 31, 2023
      Title
      NYCEDC and NYCIDA Announce ‘M-CORE’ Tax Benefits for Commercial Renovations
      Read More
    • Category
      Defining Matters
      Date
      May 17, 2023
      Title
      Kramer Levin Advises VICI in Acquisition of Four Properties in Alberta Canada in Sale-Leaseback Transaction
      Read More
    • Category
      Client Alerts
      Date
      May 17, 2023
      Title
      New York City Local Law 97: A Groundbreaking Climate Change Regulation for the Real Estate Industry
      Read More
    • Category
      Client Alerts
      Date
      May 16, 2023
      Title
      Land Use Issues Addressed at Kramer Levin Seminar
      Read More
    • Category
      Speaking Engagement
      Date
      May 02, 2023
      Title
      Commercial Observer’s Spring State of CRE
      Read More
    • Category
      Speaking Engagement
      Date
      April 28, 2023
      Title
      Lorman’s How to Identify, Evaluate, and Address Easement Issues
      Read More
    • Category
      Defining Matters
      Date
      April 27, 2023
      Title
      Kramer Levin Advises Sedesco on $77.5 Million Purchase on Billionaire’s Row
      Read More
    • Category
      Speaking Engagement
      Date
      April 26, 2023
      Title
      Commercial Observer’s Spring Financing CRE Forum
      Read More
    • Category
      Client Alerts
      Date
      April 26, 2023
      Title
      Compliance With Forthcoming Biometric Laws in New York City
      Read More
    • Category
      Media Mentions
      Date
      March 31, 2023
      Title
      Kramer Levin Team Representing Gamma Real Estate Capital and Affiliates Given “Shout Out” in Litigation Daily’s Litigator of the Week
      Read More
    • Category
      Speaking Engagement
      Date
      March 30, 2023
      Title
      Strafford’s Real Estate Joint Ventures: Capital Contributions, Waterfall Structures, Clawback, Governance, Exit Rights and More
      Read More
    • Category
      Speaking Engagement
      Date
      March 29, 2023
      Title
      iGlobal Forum’s 24th Real Estate Private Equity Summit
      Read More
    • Category
      Client Alerts
      Date
      Feb. 07, 2023
      Title
      Manhattan Borough President Releases Plan to Create More Housing
      Read More
    • Category
      Defining Matters
      Date
      Feb. 02, 2023
      Title
      Kramer Levin Represents Rithm Capital in Acquisition of 50% of Senlac Ridge Partners
      Read More
    • Category
      Announcements
      Date
      Jan. 18, 2023
      Title
      Elise Wagner Named Co-Chair of Land Use Practice
      Read More
    • Category
      Client Alerts
      Date
      Jan. 13, 2023
      Title
      City Hall Releases Report Recommending Regulatory Changes to Facilitate Office Conversions
      Read More
    • Category
      Defining Matters
      Date
      Jan. 13, 2023
      Title
      Kramer Levin Represents VICI Properties Inc. in Lease Agreement with Hard Rock International Related to the Mirage Hotel & Casino in Las Vegas
      Read More
    • Category
      Defining Matters
      Date
      Jan. 12, 2023
      Title
      Kramer Levin Advises VICI in Connection With Acquisition of Four Canadian Gaming Properties in Sale Leaseback Transaction With Pure Canadian Gaming Corp.
      Read More
    View More
  • Recognition

    Year
    2023
    Name
    New York Law Journal's New York Legal Awards: Litigation Department of the Year for Real Estate
    Year
    2005 – 2023
    Name
    Chambers USA
    Description
    Recognized for Real Estate
    Year
    2009 – 2022
    Name
    Legal 500 US
    Description
    Recognized for Real Estate
    Year
    2010 – 2023
    Name
    U.S. News & World Report and Best Lawyers’ Best Law Firms
    Description
    Ranked in Top Tier for Real Estate (New York: 2010 – 2023; Real Estate Litigation (National, New York: 2016 – 2023)
    Year
    2012, 2014, 2018, 2020
    Name
    Law360 Practice Group of the Year: Real Estate
    Year
    2019
    Name
    Forbes’ 2019 List of America’s Top Corporate Law Firms
    Description
    “Most Recommended Law Firm” for Real Estate
    Year
    2011
    Name
    DealMakers Law Awards
    Description
    Named Real Estate Law Firm of the Year

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Related Practices

  • Condemnation
  • Corporate
  • Bankruptcy and Restructuring
  • Environmental
  • Land Use
  • Leveraged Finance
  • Litigation
  • Condominiums
  • Opportunity Zones
  • Real Estate Acquisitions and Sales
  • Real Estate and Construction (France)
  • Real Estate Development
  • Real Estate Finance
  • Real Estate Investment Trusts (REITs)
  • Real Estate Joint Ventures
  • Real Estate Litigation
  • Real Estate Workouts, Restructurings and Distressed Debt
  • Leasing
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