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Founded in 1987, our firm
commercial litigation firm
into one of Long Island’s largest
full-service law firms

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Our firm has recruited over 35 of the area’s best and
most experienced attorneys.

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As a full service commercial law firm, our attorneys have the
knowledge and experience to assist with your every need.

Latest News

Firms Attorneys Close “Qualified Opportunity Zone” Acquisition and Financing of Multifamily Development in South Portland, Maine

Matthew Lamstein and Rebecca Calzontzi of the Firm’s Real Estate Group, together with William Gartland and Max Sender of the Firm’s Corporate and Business Practice Group, closed the acquisition and financing of a proposed 256-unit multifamily development in South Portland, Maine. The Firm’s client created a Qualified Opportunity Fund for the acquisition and development of the property located within a federally designated Qualified Opportunity Zone.

Mr. Lamstein and Ms. Calzontzi represented the client in both its initial acquisition of the membership interests of the selling entity, as well as the subsequent $39,000,000 construction financing for the project.

Mr. Gartland and Mr. Sender assisted in the formation of various ownership and management entities in connection with the formation of the Qualified Opportunity Fund, the drafting and negotiation of the limited liability company agreements, the drafting of the private placement memorandum, and the preparation and completion of all required securities filings. Mr. Gartland also assisted in the drafting and negotiation of the construction contract and related documentation necessary for the development of the project.

The new federal Qualified Opportunity Zones program was enacted as part of the 2017 Tax Cuts and Jobs Act to provide developers with tax incentives to encourage long-term investments in economically disadvantaged urban and rural communities nationwide through private sector investment vehicles known as Qualified Opportunity Funds.

Lazer Aptheker Rosella & Yedid, P.C.

Founded in 1987, Lazer Aptheker Rosella & Yedid, P.C. has grown from a small commercial litigation firm into one of Long Island’s largest full-service law firms which today is proud to include more than 35 attorneys in over a dozen practice areas.

The Melville Law Center, our state-of-the-art headquarters constructed by the Firm in 1997, exemplifies both our belief in and lasting commitment to the Long Island community and the entrepreneurial spirit which we bring to the table when representing our clients. Our satellite office located at the Northbridge Center in West Palm Beach, Florida, and our second Long Island office in East Hampton, New York, facilitate our continued growth and enhance our ability to provide our clients with the unparalleled personal service that has been our hallmark for more than a quarter century.

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