Arthur S Adler
(The following information was supplied by the firm)
Arthur S. Adler has practiced in Sullivan & Cromwell’s Commercial Real Estate Group since 1983. He has extensive expertise in substantially all aspects of commercial real estate, real estate finance and real estate-related securities and over time has represented each of the many parties in a wide array of transactions.
SELECTED REPRESENTATIONS
Among Mr. Adler’s areas of practice and recent transactions are:
- CMBS and balance sheet fixed and floating rate mortgage financings, as well as mezzanine financings, preferred equity investments and company-level unsecured revolving credit facilities
- Spin-offs, including Vornado’s spin-merger of its Washington Metropolitan portfolio to create JBG SMITH and the spin of its mall and power center properties to create Urban Edge
- Joint ventures formation and operation, including a $5.6 billion New York street-retail joint venture with sovereign wealth fund and other investors, with related issuance of long-term preferred interests and initial financing
- Portfolio and large property acquisitions and dispositions of core, value-add and development properties throughout the United States Construction loan financing, including representing Tishman Speyer in its $1.8 billion construction loan for The Spiral (Hudson Yards)
- Advising in commercial landlord-tenant disputes, including landlords’ enforcement of leases in the context of COVID
- Ground lease negotiation and development, including representation of Goldman Sachs in its acquisition, development and financing of its NYC and NJ HQ properties
- Going-private transactions, including the acquisition of Southwestern property company
- Development rights acquisitions and usage, including representing acquirer of approximately 1mm SF of Grand Central Station TDRs in connection with the redevelopment of the 42nd Street Grand Hyatt as a hotel, office and retail property
- Lenders and borrowers’ counsel in defaulted loan and distressed property situations