Business & Finance
Since its inception, the firm has represented buyers and sellers of private businesses in numerous industries including apparel, handbags and footwear; commercial boilers; commercial heating, ventilation and air conditioning equipment; automobile dealerships; graphic design; ground transportation; food service; floral, landscaping and outdoor construction; and fitness centers.
The firm has substantial experience in representing clients in capital raising transactions through private placements of equity stakes and through debt financings with institutional banks and private lenders.
OP serves as general outside counsel to a variety of enterprises (including not-for-profit businesses and professional practices). In addition to providing advice on strategic and operational matters to its clients’ senior management, the firm negotiates, drafts and closes myriad business agreements and instruments including shareholder and operating agreements; employment, termination and severance agreements; distribution agreements; exclusivity, confidentiality and non-disclosure agreements; license agreements; UCC and other security agreements; certificates of designation; investor rights and co-sale agreements; joint venture agreements; loan agreements and promissory notes; and third-party legal opinions.
Acquisitions And Dispositions
OP regularly advises clients on real estate acquisitions and dispositions in New York, including for office space, industrial space, warehouses, street level retail space, and multi-family income premises. The firm’s clients include overseas businesses and individuals — including from Europe, the Middle East and the Gulf States — seeking New York commercial and residential income real property for their investment portfolios.
Leasing And Subleasing
The firm regularly represents landlords and tenants in the negotiation and documentation of New York commercial leases and subleases including for office, retail, professional, and warehouse spaces and routinely negotiates and documents related license agreements, guarantees, early terminations, and option agreements.
OP has broad experience representing clients in connection with construction and permanent financing for commercial real estate in New York, including in respect of financing for the purchase of retail and office commercial condominium units in Manhattan (including SBA 504 financings).
The firm selectively represents New York City cooperative apartment corporations and condominium associations as outside general counsel, providing advice in respect of mortgage financing; hiring and discharge of employees; property and casualty, liability, and D&O insurance; contracts and related papers in connection with capital improvement projects; by-laws; common charge liens; litigation issues in connection with Local Law 11 compliance; and federal, state and city anti-discrimination laws.
For affluent and high net worth clients, the firm handles the gamut of residential real estate transactions including purchases, sales, and leasing of townhouses, condominiums, and cooperative apartments. Attention to detail and careful management of client risks are the hallmarks of the firm’s residential real estate practice area.