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News

William Gartland and Ralph Rosella Closed the $70,000,000 plus Sale of a Privately Held Industry Leading Service Provider

William Gartland and Ralph Rosella, partners in the Firm’s Corporate and Business practice group, with assistance from Alex Gayer, a partner in the Firm’s Corporate and Business practice group, and Max Sender, an associate in the Firm’s Corporate and Business practice group, represented one of the largest privately held service providers in its industry in the $70,000,000 plus sale of its business.

Firm Attorneys Close $20,000,000 Sale of Property in Connection with an Unusual Section 1033 Exchange

Sam Yedid, Marcy Finkelstein and Charles Weiss of the Firm’s Real Estate Practice Group successfully closed the $20,000,000 sale of a 10 acre commercial and industrial parcel in Bethpage to a public benefit corporation.  The sale is the first leg of an exchange in lieu of condemnation under Section 1033 of the Internal Revenue Code. With the assistance of William Gartland and Max Sender of the Firm’s Corporate and Business Practice Group, the collateral for the existing mortgage loan was transferred from real property to a pledged account in order to preserve the swap agreement and avoid incurring a substantial swap breakage fee.

Marcy Finkelstein and Sam Yedid Negotiate Lease for First Retail Location on Long Island of Major New York Coffee Roaster and Retailer

Marcy Finkelstein and Sam Yedid, of the Firm’s Real Estate Practice Group, successfully negotiated a lease for the first retail location on Long Island of a major New York coffee roaster and retailer, Gregorys Coffee, whose cafés are currently located in New York City, Jersey City  and Washington, D.C.  This café will be located in one of our client’s major Deer Park shopping centers.
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