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.