News

Robin S. Abramowitz if the Firm’s Litigation Practice Group was successful on motions in two separate proceedings for a declaration that upon the termination of a leasehold interest that the leasehold mortgage ceased to exist and all rights and interests of the mortgagee under the leasehold mortgage were extinguished.

Robin S. Abramowitz of the Firm’s Litigation Practice Group was successful on plaintiff’s motion for summary judgment where defendant opposed the motion on the basis that it was constructively evicted and that there was no agreement as to the amount of use and occupancy. The court found that (i) plaintiff made a prima facie showing of entitlement to judgment for rent, use and occupancy, real estate taxes and late fees in the form of business records; (ii) defendant failed to raise any triable issues of fact as the plaintiff’s submission established defendant remained in possession beyond the lease term; and (iii) for the recovery of use and occupancy there is an implied continuance of the tenancy on the same terms and subject to the same covenants as contained in the original lease.

Matt Lamstein and Tara Primis of the Firm’s Real Estate Practice Group closed the sale of a 76 unit residential townhome complex in North Charleston, South Carolina at a purchase price of $6,840,000.00. Mr. Lamstein and Ms. Primis represented the Seller on the sale and like-kind exchange structure and transactions. The transaction involved the successful disposition of the property for a client who had purchased the same less than two (2) years ago.

Matt Lamstein and Tara Primis of the Firm’s Real Estate Practice Group closed the sale of a 104 unit apartment complex in Hilliard, Florida at a purchase price of $7,000,000.00. The transaction involved the successful disposition of the property for a client who had purchased the same less than two (2) years ago.

Matt Lamstein and Tara Primis of the Firm’s Real Estate Practice Group represented a national life insurance company in its $9,850,000.00 refinance of a 79 unit multifamily apartment complex in Norwalk, Connecticut. The transaction included counselling on both complicated zoning and reciprocal parking agreement issues.

Alex Gayer, a partner in the Firm’s Corporate and Business practice group, prepared SaaS agreement for large real estate management firm.