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.



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

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