Cases
Representative Matters: Represented ICONA Opportunity Partners 1, LLC
ICONA, LLC in their $85 million financing from WSFS Bank to refinance current debt as they continue to grow the ICONA luxury br
along the East Coast. The existing ICONA hotel portfolio includes ICONA Avalon, ICONA Cape May,
ICONA Diamond Beach, in southern New Jersey.
Represented Republic Bank in its $8.9 million construction loan to Wilmington Culinary Hotel XLIV Owner LLC for the conversion of the historic former Security Trust
Safe Deposit building in Wilmington, Delaware into a culinary-focused boutique hotel, involving an opportunity fund investment along with state
federal historic tax credits.
Represented Holy Family University in the negotiation
disposition of a commercial building for $3 million in Bensalem, Pennsylvania.
Represented the District of Columbia Housing Finance Agency, as bond counsel, in issuing $11.5 million in tax-exempt bond financing, involving the underwriting of $7.2 million in four percent low income housing tax credit (LIHTC), to finance the rehabilitation of 65 affordable rental housing units in connection with the redevelopment of Savanah Apartments in Washington, D.C.
Represented a Mexico City-based diversified hotel platform with extensive hospitality holdings in Mexico, the Caribbean
the U.S., in its purchase
multi-million dollar financing from Banco de Sabadell in connection with its acquisition
management of the Gr
Hyatt Denver, the fourth-largest hotel in downtown Denver, Colorado with 516 rooms.
Represented real estate private equity firm Blue Flag Capital in connection with its multi-million dollar acquisition
financing of the Kelley House, a historic 57-room boutique hotel in Edgartown, Massachusetts.
Represented Service Electric Cable T.V. of New Jersey, Inc., a cable
broadb
provider in North Jersey, in its approximately $150 million sale to Altice USA.
Represented Lovett Commercial, a Houston-based commercial real estate developer, in its New Markets Tax Credit financing of the $150 million historic renovation of the former Houston Post Office Building, a mixed-use development to house a Live Nation music venue, retail
makers' spaces
rooftop urban farm.
Represented Community Asset Capital Preservation in its multi-faceted debt
equity financing involving an opportunity fund investment
construction financing
the capital sources will be used for the conversion of the historic former St. Michael's Medical Center in Newark, New Jersey into apartments
commercial space.
Represented Sterling National Bank in its $7.9 million construction loan to 1400 Dauphin Associations, LLC, for the development of an affordable housing project in Philadelphia
the capital stack included 9% federal low income housing tax credit equity provided by R4
subordinate financing provided by the Pennsylvania Housing Finance Agency
the Philadelphia Redevelopment Authority.
Represented I Pennsylvania Housing Finance Agency, as bond counsel, in obtaining $16.8 million in Series 2018 Special Limited Obligation Multifamily Housing Development Bonds to finance the development
construction an income restricted property containing 83 residences located in Philadelphia, Pennsylvania, being developed by a partnership among the Blumberg Apartments Phase III LP, Philadelphia Housing Authority Development Corporation, Philadelphia Housing Authority,
other parties.
Represented International Education
Community Initiatives d/b/a One Bright Ray, Inc.
Community Academy of Philadelphia, a Pennsylvania Charter School, each 501(c)(3) organizations, as borrowers counsel, in obtaining $41 million in Series 2018 Tax-Exempt & Taxable Revenue Bonds to refinancing current debt
to finance a multimillion dollar capital plan for three school facilities serving the respective parties, all located in Philadelphia, Pennsylvania.
Represented Brown University in the disposition of multiple real estate holdings located in Chester County, Pennsylvania.
Represented Vidalia Industrial Facilities, LLC in its financing, including more than $19 million of federal New Markets Tax Credit authority provided by AMCREF Community Capital
the New Markets Support Corporation, to subsidize the development of a $60 million denim-spinning mill in Vidalia, Louisiana
New Markets Tax Credit equity was provided by Capital One.
Served as underwriter's counsel for a syndicate of investment banking firms that sold approximately $442 million in Pennsylvania Turnpike Commission Oil Franchise Tax Revenue Bonds.
Represented ICONA Opportunity Partners 1, LLC
ICONA, LLC in its multi-million dollar financing from Beneficial Bank to refinance current debt as they continue to grow the ICONA luxury br
along the East Coast
the existing ICONA hotel portfolio includes ICONA Avalon, ICONA Cape May,
ICONA Diamond Beach, in southern New Jersey.
Represented Community Loan Fund of New Jersey, Inc. in the deployment of $10.5 million of Federal New Markets Tax Credit to fund a portion of the development of a new multi-tenant 27,000 square foot state-of-the-art food industry commercialization center in Bridgeton, New Jersey, which will serve as an incubator providing flexible spaces, technical assistance,
other resources for new food production companies, being developed by a partnership among the Food Specialization Redevelopment Corporation, Cumberl
County Improvement, Rutgers University,
other parties.
Represented B&J Property Associates as seller in conveying a 56,000 SF industrial warehouse building located in McKees Rock, Pennsylvania.
Represented the Wilma Theater in licensing a newly renovated mixed purpose flex-use lobby space on Philadelphia's Avenue of the Arts to Good Karma Cafe, for cafe
concessionaire use.
Represented Community Loan Fund of New Jersey, Inc. in the deployment of $10 million of Federal New Markets Tax Credit to fund a portion of the development of a $172 million mixed use project including the New Brunswick Performing Arts Center in downtown New Brunswick, New Jersey by a public-private partnership among Pennrose Properties, New Brunswick Development Corporation, Rutgers University, Middlesex County, the City of New Brunswick the New Brunswick Cultural Center, the New Brunswick Parking Authority,
other parties.
Represented Holy Ghost I, LP in the closing of $56 million in financing, including debt, private equity, Federal Historic Tax Credit equity,
Federal New Markets Tax Credit equity for the construction
revitalization of the iconic Metropolitan Opera House theater in the North Broad corridor of Philadelphia, Pennsylvania being developed by EB Realty Management Corporation
consisting of a concert venue leased by Live Nation
deal honored by Philadelphia Business Journal as Best Real Estate Deal of 2018.
Represented Philadelphia Chinatown Development Corporation in the closing of l
, financing, private equity, EB-5 financing,
Federal New Markets Tax Credit equity for the construction of the $70 million Eastern Tower Project in Philadelphia, Pennsylvania which will consist of apartments, office
retail space,
a community center.
Represented Community Loan Fund of New Jersey, Inc. in the deployment of $8 million of Federal New Markets Tax Credit to fund a portion of the development of a $80 million mixed use project in downtown Newark, New Jersey by L
M Development, Inc. Goldman Sachs also provided New Markets Tax Credit allocation
invested in the Federal New Markets Tax Credits generated by the transaction.
Represented Executive Education Academy Charter School Foundation, a 501(c)(3), in obtaining $41 million in series 2017 tax-exempt & taxable revenue bonds for the financing
acquisition of a commercial property in Allentown, Pennsylvania for $32.5 million consisting of approximately 473,000 square feet on an approximately 33-acre parcel,
for the further improvement of the property including the construction of a gymnasium.
Represented private real estate developer in restructuring
repositioning a portfolio of residential
mixed-use projects including $159 million in full recourse debt for a luxury waterfront condominium tower, $110 million of debt for a mixed-use development including 5,350 planned residential units,
$16 million of full recourse debt for a 421 unit multifamily riverfront development.
Represented private business in the negotiation
documentation of a 34,000 square foot industrial lease on the Delaware River in Philadelphia, PA.
Counsel to private estate for effecting the disposition of multiple real estate properties located in Palm Beach County, FL, Ocean County, NJ,
Chester County, PA, in excess of $2.5 million.
Represented private institutional client in the negotiation
documentation of multiple retail leases in Philadelphia, PA
securing local
state tax abatements for a mixed-use development project.
