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Title

Real Estate

Description

Kramer Levin’s Real Estate practice stands as one of the most distinguished and comprehensive in the nation.

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  • We are at the forefront of significant real estate developments and projects throughout the United States, helping transform city skylines and reshape the landscape.

    Our services cover every aspect of real estate law, from acquisitions and sales, joint ventures, financings, and development to bespoke, hybrid leasing transactions, condominium work, and workouts and restructurings. This wide-ranging experience gives us unique insight into market trends, terms and conditions, positioning us to offer timely and innovative advice to our clients.

    Our reputation in the real estate sector is renowned. Clients consistently turn to us for unsurpassed skills in handling major real estate transactions, appreciating our ability to understand their business, anticipate challenges, and offer real-time, creative solutions. Our clientele includes real estate developers and owners (including real estate investment trusts), private equity funds, institutional and alternative lenders, family offices, hoteliers, and other debt and equity capital providers. We guide clients in buying, selling, developing, redeveloping and financing properties, including 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
    • Finance
    • Joint ventures
    • Preferred equity investments
    • Sale-leasebacks, ground leases and other hybrid leasing transactions
    • Space leasing
    • Real estate and construction litigation
    • Real estate taxation
    • Workouts and restructuring
    • Development
    • Condominiums
    • Real estate fund formation

    Working closely with our Tax, Banking and Finance, Litigation, Environmental, and Land Use 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. We assemble multidisciplinary teams that ensure seamless service on and a fully integrated approach to any type of real estate transaction.

    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).

      Simultaneous with the closing of the transaction, the real estate assets will be added to the existing triple-net master lease between subsidiaries of VICI and Century, with an annual rent increase of CAD 17.3 million ($12.8 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 W. 57th St.

      The Real Deal reported on the transaction.

    • 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 St., 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 Ave.

      Kramer Levin represented Blue Owl Capital in the negotiation of an office lease for approximately 137,000 square feet at 375 Park Ave. (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 $4.6B in Condo Unit Closings

      Kramer Levin’s Condominiums group has closed more than 1,500 units for an aggregate purchase price of more than $4.6 billion during a period of less than three years, from March 2020 to December 2023. Closings are the engine of the residential development business — they represent the culmination of what is often a yearslong process in the development cycle of a given project. Kramer Levin’s industry-leading Condominiums group regularly coordinates and conducts closings for the various condominium projects that its clients develop.

    Focus Areas

    • Commercial Real Estate Leasing
    • Condominiums
    • Real Estate Acquisitions and Sales
    • 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
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    • Perspectives

      Search More
      • Category
        Speaking Engagement
        Date
        June 11, 2025
        Title
        CRE Finance Council: Office Recovery & Opportunities in 2025
        Read More
      • Category
        Speaking Engagement
        Date
        May 15, 2025
        Title
        Commercial Observer: Attracting Critical Industries: NYC Emerging as a Global Innovation Hub
        Read More
      • Category
        Announcements
        Date
        May 09, 2025
        Title
        Jay Neveloff and Elise Wagner Named to Commercial Observer's 2025 Power 100
        Read More
      • Category
        Speaking Engagement
        Date
        May 06, 2025
        Title
        Commercial Observer: 2025 National Finance Outlook
        Read More
      • Category
        Defining Matters
        Date
        May 05, 2025
        Title
        Kramer Levin Represents Property Markets Group in Connection With $413 Million Construction Loan for New Development in Miami
        Read More
      • Category
        Announcements
        Date
        April 22, 2025
        Title
        Nicole De Bare Named to New York Real Estate Journal's 2025 Ones to Watch – Industry Leaders List
        Read More
      • Category
        Speaking Engagement
        Date
        April 08, 2025
        Title
        ULI New York: After the First 100 Days – Navigating NYC Real Estate Development in the Trump Era
        Read More
      • Category
        Announcements
        Date
        April 02, 2025
        Title
        Jay A. Neveloff Named to amNewYork Metro and PoliticsNY 2025 Power Players in Real Estate List
        Read More
      • Category
        Client Alerts
        Date
        March 26, 2025
        Title
        Litigation To Invalidate ‘City of Yes’ Zoning for Housing Opportunity Initiated
        Read More
      • Category
        Speaking Engagement
        Date
        March 25, 2025
        Title
        iGlobal Forum: The Evolution of Real Estate Investment Vehicles: How Hybrid Models Are Disrupting Traditional Capital Flows
        Read More
      • Category
        Articles
        Date
        March 17, 2025
        Title
        New York’s Condo Laws Can Unlock Value in Office Conversions
        Read More
      • Category
        Speaking Engagement
        Date
        March 12, 2025
        Title
        GreenPearl: Still Alive in ’25: Creating New & Redeveloping Existing Buildings in a Changed Landscape
        Read More
      • Category
        Client Alerts
        Date
        Jan. 22, 2025
        Title
        Midtown South Rezoning Begins Public Review
        Read More
      • Category
        Announcements
        Date
        Jan. 06, 2025
        Title
        Kramer Levin Elevates Three Lawyers to Partner
        Read More
      • Category
        Client Alerts
        Date
        Dec. 19, 2024
        Title
        COYHO’s New UAP Framework for Affordable Housing
        Read More
      • Category
        Client Alerts
        Date
        Dec. 16, 2024
        Title
        Kramer Levin Hosts Program With NYCEDC, Related Companies and Vornado to Detail NYC’s Top Economic Development and Investment Opportunities
        Read More
      • Category
        Defining Matters
        Date
        Dec. 11, 2024
        Title
        Kramer Levin Represents Skyports in Exclusive Concession for Downtown Manhattan Heliport
        Read More
      • Category
        Client Alerts
        Date
        Dec. 06, 2024
        Title
        City Council Approves City of Yes for Housing Opportunity
        Read More
      • Category
        Announcements
        Date
        Dec. 03, 2024
        Title
        Kramer Levin's Real Estate Group Wins Law Firm of the Year at Commercial Observer's 2024 Breakthrough Awards
        Read More
      • Category
        Media Mentions
        Date
        Nov. 25, 2024
        Title
        GlobeSt: Foreign CRE Investors Poised for 2025 Comeback
        Read More
      • Category
        Seminar
        Date
        Nov. 21, 2024
        Title
        NYC Economic Development Outlook: Investment Opportunities Changing the Market
        Read More
      • Category
        Speaking Engagement
        Date
        Nov. 20, 2024
        Title
        Commercial Observer: Real Estate Finance Forecast: Lessons Learned from Market Upheaval & 2025 Outlook
        Read More
      • Category
        Speaking Engagement
        Date
        Nov. 13, 2024
        Title
        Commercial Observer: The Office Outlook: Where Corporate Real Estate Stands Today
        Read More
      • Category
        Announcements
        Date
        Oct. 24, 2024
        Title
        2024 New York Super Lawyers and Rising Stars Lists Include Over 90 Kramer Levin Attorneys
        Read More
      • Category
        Defining Matters
        Date
        Oct. 21, 2024
        Title
        Kramer Levin Advises BlackRock Impact Opportunities in Joint Venture With Greystone Housing Impact Investors to Finance Construction and Rehabilitation of Affordable Housing in the US
        Read More
      • Category
        Defining Matters
        Date
        Oct. 21, 2024
        Title
        Kramer Levin Represents Blue Owl in Connection with its Second Office Expansion at 375 Park Avenue
        Read More
      • Category
        Speaking Engagement
        Date
        Oct. 16, 2024
        Title
        NYU Schack Institute of Real Estate: 7th Annual National Symposium of Women in Real Estate
        Read More
      • Category
        Announcements
        Date
        Oct. 15, 2024
        Title
        Jonathan H. Canter Named to GlobeSt's Influencers in Multifamily List for 2024
        Read More
      • Category
        Speaking Engagement
        Date
        Sept. 26, 2024
        Title
        Urban Land Institute: Inflation Reduction Act: Implications for Real Estate
        Read More
      • Category
        Speaking Engagement
        Date
        Sept. 25, 2024
        Title
        Today’s Hot Issues When Negotiating a NY Office Lease
        Read More
      View More
    • Recognition

      Year
      2008 – 2025
      Name
      U.S. News & World Report and Best Lawyers’ Best Law Firms
      Description
      Ranked in Top Tier for Real Estate (New York: 2008 – 2025); Real Estate Litigation (National, New York: 2016 – 2025)
      Year
      2024
      Name
      Commercial Observer's Breakthrough Awards
      Description
      Law Firm of the Year – Real Estate Group
      Year
      2009 – 2024
      Name
      Legal 500 US
      Description
      Recognized for Real Estate
      Year
      2005 – 2024
      Name
      Chambers USA
      Description
      Recognized for Real Estate
      Year
      2023
      Name
      New York Law Journal's New York Legal Awards: Litigation Department of the Year for Real Estate
      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 Development
    • Real Estate Finance
    • Real Estate Investment Trusts (REITs)
    • Real Estate Joint Ventures
    • Real Estate Litigation
    • Real Estate Workouts, Restructurings and Distressed Debt
    • Commercial Real Estate Leasing
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