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SAHN WARD & BAKER, PLLC
represents clients in all aspects of commercial and residential
real estate transactions. We counsel and advise clients on
the sale and acquisition, financing, leasing, construction
and use and development of commercial and residential real
property. We also represent clients in obtaining all necessary
land use approvals and permits from local, state and federal
government agencies in connection with the use and development
of their properties.
Real estate services include pre-contract due diligence
and investigation; entity formation and structuring; preparation
and negotiation of contracts of sale, leases, easement agreements,
restrictive covenants, license agreements, construction agreements
and financing documents; resolution of title issues; preparation
of closing instruments and representation at closings.
In connection with real estate transactions, the Firm also
obtains subdivision and partitioning approvals, zoning changes,
special permits, variances, environmental permits and site
plan approvals.
Our real estate clients include Fortune 500 companies, prominent
regional businesses and developers, government agencies and
authorities, as well as individuals. Representative clients
include New York Community Bancorp, Inc., Metropolitan Transportation
Authority, Long Island Rail Road, The Great Atlantic and Pacific
Tea Corporation, Inc., King Kullen Grocery Co., Inc., AVR
Realty Company, Chasanoff Properties, The Hine Group and Westfield
Corporation, Inc.
The following illustrates matters handled by the Firm:
Representation of the purchase of a ten acre camp and school
property in West Hills, New York, including litigation in
state trial and appellate courts relating to a right of first
refusal to purchase the property allegedly held by a tenant.
Victory in the litigation cleared the way for our client to
close on the $3.25 million acquisition. The Firm also represented
the client in all zoning and building applications for improvements
to the camp.
Representation of a commercial property owner in connection
with the financing of a 25,000 square foot expansion of a
warehouse and manufacturing facility in Port Washington, New
York. The project involved financing from the Nassau County
Industrial Development Agency, the federal Small Business
Association through the Long Island Development Corporation,
and straight financing from G.E. Capital Corp. The project
also included obtaining land use approvals from the Town of
North Hempstead, and negotiation of a construction manager
agreement on behalf of the owner.
Representation of a client in connection with the purchase
and mortgage financing of a 72,000 square foot building in
the Town of Hempstead, New York, as well as the sale of the
client’s existing facility in Brooklyn. Our representation
included obtaining variances for the alteration of the building
and successful defense of the variances when challenged in
court by an adjoining property owner. This transaction also
involved a tax-free exchange under Section 1031 of the Internal
Revenue Code.
Representation of the purchase with respect to land use
issues in the acquisition of a 40 acre tract of land in Old
Westbury, New York and continued representation of the client
for the subsequent subdivision of the property into building
lots.
Representation of the owner of a $30 million waterfront
estate property in Nassau County, New York, in connection
with obtaining subdivision, site plan and variance approvals
for the development of the property.
Negotiations and representation on behalf of the owner of
the historic A. Conger Goodyear house in Old Westbury, New
York, for sale of the property for $2.1 million to an international
architectural preservation group.
Sale of two waterfront properties used as boatyards and
marinas in Manorhaven, New York. Both multi-million dollar
transactions involved structured financing provided by the
seller to assist in the sale.
Two multi-million dollar purchase and financing transactions
on behalf of subsidiaries of The Hine Group for the acquisition
and development of properties on Marco Island, Florida. The
first transaction was a $4 million land acquisition loan from
Lehman Brothers Holdings Inc. for a parcel of land that will
feature nine luxury estate homes. A $1.5 million construction
loan for the first of nine homes will be funded by First National
Bank of Florida. The second transaction, a $5 million land
acquisition loan also from Lehman Brothers Holdings, Inc.,
was for the purchase of two lots that will contain a mixed-use
development containing 14 commercial units and 32 luxury residential
condominiums. A $7.8 million building construction loan will
be funded by First National Bank of Florida for the mixed-use
development.
Preparation and negotiation of a telecommunications access
agreement for a Class A office building complex in Nassau
County, New York.
Representation of major institutional lenders in connection
with residential real estate transactions in Nassau and Suffolk
Counties, New York, including JP Morgan Chase Bank, Bank of
America and ABN AMRO.
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