Jonathan B King

Practice Details

• Firm Information
  Position

  Counsel

  Firm Name

  Porzio, Bromberg & Newman P.C.
• Representative Cases & Transactions
  Transactions

  Representative Transactions: Acquisitions and Sales: Led real estate due diligence representing purchaser of $100 million interest in entity controlling One World Trade Center, New York, New York.; Negotiated and closed $17 million sale and leaseback of major New Jersey corporate campus.; Closed $10 million asset purchase of Bergen County country club, including real estate and ongoing golf operations, within 2-week time frame.; Structured and closed buyout transactions relating to 100-unit Middlesex County, New Jersey seaside residential development, including entity restructuring, loan purchase and transfer of development rights.; Handled $1.2 million purchase of New York State office complex from bankruptcy estate on behalf of confidential purchaser.; Negotiated and closed sale of $11 million office building in Morris County, New Jersey.; Education Representation: Negotiate and close $15 million refinance, bond payoff, construction financing, property sale and leaseback on behalf of 5-school charter network located in Camden, New Jersey.; Negotiate and close sale and leaseback of charter school property in Jersey City, New Jersey to related charter school entity.; Represent New Brunswick, New Jersey charter school in negotiation and closing of $8 million bond financing transaction.; Represent New Jersey community college in restructuring of $3 million construction transaction, including revision of architect and contractor contracts and negotiation of construction manager agreements.; Commercial Lending: Represented borrower in $400 million refinance of portfolio of 13 apartment complexes in several states.; Represented borrower in $125 million refinance of Illinois apartment complex.; Represented lender in $73 million refinance of Nassau County, New York mall property; Represented lender in $60 million refinance of San Mateo, California mall property.; Represent medium-size New Jersey lenders in a variety of commercial acquisition and refinance loans secured by industrial, retail and office properties.; Handled $22 million refinances of low income housing projects in Essex County, New Jersey, including defeasance of existing bond financing, negotiation of commercial loan financing, and buyout of syndicated investor and reconfiguration of ownership entities.; Commercial Leasing: Negotiated sublease and subsequent direct lease of 80,000 square foot Jacksonville office tower on behalf of major international banking tenant.; Drafted and negotiated lease and fit-out of 15,000 square foot Miami office space on behalf of major international banking tenant.; Handled negotiation of Manhattan lease amendment representing international diamond merchant client.; Handled negotiation of Hawaii and New Jersey mall leases on behalf of Japanese retail client.